Intraday calls for 17-03-11
Markets likely to open lower, support for Nifty at 5350, resistance at 5550
Sell Gujarat NRE around 49, Target: 47, SL 50.60
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CB Says:
March 17th, 2011
Posted at: 12:38 pm
Hi ttsathya, hold short. no its not had any effect on banks yet
Hi nvp, hindalco can be bought near 200. dont enter tata motors yet.
ASHISH Says:
March 17th, 2011
Posted at: 12:39 pm
cb, can i short hindalco at cmp?
CB Says:
March 17th, 2011
Posted at: 12:40 pm
Hi ASHISH, no, not yet
Hi Yogi, thanks.
Yogi Says:
March 17th, 2011
Posted at: 12:40 pm
Current Account
The Reserve Bank had expressed concern about the widening of the current account deficit (CAD) and the nature of its financing in its Third Quarter Review. Going by the recent robust export performance, CAD for 2010-11 is now estimated to come lower than earlier expected, at around 2.5% of GDP. While the CAD this year has been financed comfortably, it is necessary to focus on the quality of capital inflows with greater emphasis on attracting long-term components, including foreign direct investment (FDI), so as to enhance the sustainability of the balance of payments (BoP) over the medium-term.
CB Says:
March 17th, 2011
Posted at: 12:40 pm
ill be back in 30 minm,
Yogi Says:
March 17th, 2011
Posted at: 12:46 pm
Hi CB, welcome chirag
@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@
Cash reserve Ratio (CRR) is the amount of funds that the banks have to keep with the RBI. If the central bank decides to increase the CRR, the available amount with the banks comes down. The RBI uses the CRR to drain out excessive money from the system.
Commercial banks are required to maintain with the RBI an average cash balance, the amount of which shall not be less than 3% of the total of the Net Demand and Time Liabilities (NDTL), on a fortnightly basis and the RBI is empowered to increase the rate of CRR to such higher rate not exceeding 20% of the NDTL
Yogi Says:
March 17th, 2011
Posted at: 12:48 pm
Reverse Repo rate :::is the rate at which the RBI borrows money from commercial banks. Banks are always happy to lend money to the RBI since their money are in safe hands with a good interest.
An increase in reverse repo rate can prompt banks to park more funds with the RBI to earn higher returns on idle cash. It is also a tool which can be used by the RBI to drain excess money out of the banking system
Yogi Says:
March 17th, 2011
Posted at: 12:49 pm
Repo rate
The rate at which the RBI lends money to commercial banks is called repo rate. It is an instrument of monetary policy. Whenever banks have any shortage of funds they can borrow from the RBI.
A reduction in the repo rate helps banks get money at a cheaper rate and vice versa. The repo rate in India is similar to the discount rate in the US
Kb Says:
March 17th, 2011
Posted at: 12:51 pm
Hi Sunil Rao, hmm ..
Hi CB, :P . ..
KK Says:
March 17th, 2011
Posted at: 12:52 pm
Hi CB,
How is RCOM ??
Holding 105 call
Yogi Says:
March 17th, 2011
Posted at: 12:53 pm
sunil nifty on ur mark 5477
Sunil Rao Says:
March 17th, 2011
Posted at: 12:57 pm
Hi Yogi, yes, and breaks it as well.
Wasey Says:
March 17th, 2011
Posted at: 1:01 pm
How is ARSS infra for 8-10 months perspective from CMP?
shrikanth Says:
March 17th, 2011
Posted at: 1:04 pm
Hi Sunil Rao, Is it now better to go for shorts?
shiva Says:
March 17th, 2011
Posted at: 1:09 pm
Hi Sunil Rao, shall i hold on to my puts more??
GK Says:
March 17th, 2011
Posted at: 1:14 pm
Can i go for shot in nifty Sunil sir!!!