Market Calls

Whats in the mind of the market?

Rajandran R — Thu, 29 Jul 2010 14:42:19 PDT

Most of the days in July has been ended in sideways fashion for Nifty especially between the 5EMA(High) and 5 EMA(low) line. Almost all the Out of the money calls and puts expires worthless. As there is a popular saying that “Most of the time the movement of market’s direction will cause maximum pain to maximum people”. Its really a tug of war between both the bulls and bears. As both the bulls and bears had relatively exhibiting equal strength,the rope will stay pretty much in the same place. And the resulting force is zero and there is relatively no change in motion either of the direction. which would really irritated -both the bulls and bears.

As of now The daily chart of nifty is in buying mode for more than a month and currently the hourly signals are pretty weak. Also the Open Interest data for Nifty paints a bearish signals due to high open Interest figures in 5500CE and 5600CE Aug Series. Which strongly symbols that Bearish Call writers are confident of the Capping 5600 atleast for August series. Which relatively speaks that bullish operators are not enough confident on the upside for time being.

What is the minimum requirement for the bullishness to continue?

For time being nifty is trading below the weekly 5 EMA high level(5421) which is also the ichimoku hourly resistance range. But even if bulls are manage to cross 5421 on EOD basis the overall outlook for this august season could once again remains sideways as Huge open interest built up near 5500 CE and 5600CE guards the upward movement of the nifty.

Nifty hourly trading for 29 July 2010

Rajandran R — Wed, 28 Jul 2010 07:17:19 PDT

Nifty hourly mode today turn from buy to sell mode. As of now the hourly cloud resistance are built near 5420-5425 zone. Bearsish call writers had successfully dominated the 5500CE call in July series and killed the premium of 5500 CE of July series since 13th July 2010

Dukascopy free IEOD and EOD data

Rajandran R — Tue, 27 Jul 2010 10:31:12 PDT

Ducascopy provides a free IEOD(1 min data) and EOD(Daily) data for many of the commonly used symbols like Gold,Silver,Forex World Indices like( Dow Jones, Sensex,CAC40,DAX,SSEC…etc i.e almost all the world indices) and most of the US stocks. I had provided the widget where you can extract the EOD or IEOD data in a csv format which then can be used further to build your own stock database.

Few things to know about the widget which would help you in identifying symbols very easily.

XAU/USD – Gold – Dollar Denominated
XAG/USD – Silver – Dollar Denominated
D&J-Ind – Dow Jones

|S| – US Stocks
|F| – Forex
|i| – Indices

Nifty hourly trading for 28th July 2010

Rajandran R — Tue, 27 Jul 2010 07:21:00 PDT

Nifty maintains the hourly buy mode since 22nd July 2010. Hourly clouds are still near the 5419-5427 band. Reverse longs only if the resistance band got broken on hourly basis otherwise shorts are not recommended.

30 years of Gold – Chart for the Day

Rajandran R — Mon, 26 Jul 2010 19:50:23 PDT

Gold is traditionally the store of value to which investors turn in times of instability.Chart shows the past 30 years history of Dollar Denominated Gold Chart. From the chart, Gold is not a fruitful investment since 1980-2001. since 1980 it is in a sideways bear market for more than 20 years. The rise in Gold starts from 2001 year onwards followed by a 10years of bull market producing almost 500% returns from the bear market bottom( i.e from $258 to $1262). The major contributed years for the surge in gold are are 2002(30.6%), 2005(35.3%), 2007(42.3%). For more details about the montly and yearly return check out the gold fact sheet below

Gold Fact Sheet (Click on the fact sheet for bigger size image)

The recent peaks and troughs of the gold price occurred at some of the key moments in economic history.

15 AUGUST 1971, GOLD STANDARD ABANDONED
Struggling to pay for the cost of the Vietnam war, President Richard Nixon abandoned the so-called “gold standard”. The dollar had been fixed at a rate of $35 to an ounce. That peg was dropped and gold started to rise.

1974 OIL PRICE SHOCK, INFLATION SOARS
The oil crisis caused a global surge in inflation. In the US inflation hit 11%, and investors bought-up gold to protect themselves.

Gold is viewed as a safer investment because it keeps its value better than many other assets, such as shares.

Gold finished the year 63% higher.

JANUARY 1980, SOVIET INVASION OF AFGHANISTAN
International political tension soared after the Soviet invasion of Afghanistan. Gold hit a record of $850 an ounce on 21 January.

1981-1982, CONFIDENCE RETURNS
Gold prices started to fall as investors regained some confidence in the US economy and the dollar. Inflation also began to slow.

JULY 1986, SOUTH AFRICA
Western nations imposed sanctions on South Africa in protest over its apartheid laws. Gold prices jumped 23% between July and October as traders worried that South Africa might cut gold exports in retaliation.

1987, INFLATION RETURNS
The gold price broke $500 per ounce for the first time in five years as inflation accelerated again in the United States.

JULY 1996-1999, BANKS START SELLING GOLD
Gold prices fell on news that the International Monetary Fund had been considering selling 5 million ounces to help pay for debt relief in the developing world.

Central banks started to follow the IMF’s lead.

The Swiss Central bank announced a plan to sell 1,400 tonnes of gold, Australia also sold a large part of its reserves.

The British government sold more than half of its gold – almost 400 tonnes – of gold between 1999 and 2002 raising $3.5bn.

It was poor timing for all the banks as in July 1999 gold hit a 20-year low of $252.80 an ounce.

AUGUST 2005 HURRICANE KATRINA

Hurricane Katrina boosted oil prices and raised fears that a period of quicker inflation was returning. By December 2005 gold was at $536.50 an ounce, the highest level in 24 years.The weak dollar also helped boost gold throughout 2006.

AUGUST 2007 CREDIT CRISIS
Investors bought gold as a safe haven amid the growing financial crisis. The falling dollar and rising global inflation also boosted the metal.

Nifty Hourly trade for 27 July 2010

Rajandran R — Mon, 26 Jul 2010 09:33:35 PDT

Nifty maintains the hourly buy mode. Hourly clouds are still near the 5380-5390 band. Reverse longs only if the resistance band got broken on
hourly basis otherwise shorts are not recommended.

Nifty hourly trading for 26 July 2010

Rajandran R — Sun, 25 Jul 2010 19:20:45 PDT

Nifty maintains the hourly buy mode. Hourly clouds are still near the 5380-5390 band. Reverse longs only if the resistance band got broken on
hourly basis otherwise shorts are not recommended.

This is How You Do It ! Propose

Rajandran R — Sat, 24 Jul 2010 23:38:09 PDT

This is how you propose

www.youtube.com/watch?v=ArYHmguM3RU

American Bride & Groom Dancing to Bollywood tune at their Wedding

www.youtube.com/watch?v=Q6w53xIUcYQ

Nifty Hourly Trading for 23rd July 2010

Rajandran R — Thu, 22 Jul 2010 07:40:06 PDT

Hourly charts of Nifty had made a reversal to Buy mode after 6 days of sideways consolidation. Ichimoku Cloud Supports are now near 5386 zone

Live Indian TV News Channels on your PC and Mobile

Rajandran R — Wed, 21 Jul 2010 01:40:32 PDT

Well, you can launch Mundu on your computer (or mobile phone) and catch up your favorite TV news channels from India anytime, anywhere live. All you need is an Broadband Internet connection to watch TV on your PC

Mundu TV is available as a free download for both Window and Mac desktops. Alternatively, you may install Mundu TV on your mobile phone – it currently supports Symbian phones.The service offers the following bouquet of news and business related TV channels in India and you can watch those channels for free for the first 1 month by simply registering with them and also a 3 day free trail without registering with them

CNBC and NDTV also offer live streaming on their respective websites but with Mundu TV, you get a TV like player that you can “stick” on top of other windows and second, you can enjoy the live broadcast on your mobile device as well using any Wi-Fi, GPRS, EDGE or 3G connection.

Mundu TV will officially launch later this month and is likely to come in two packages – you can either pay Rs. 49 per month for any four channels or pay Rs. 120 to get access to all TV channels. If they can stick to this pricing structure, Mundu TV could well be some good value for your money.

Market Calls

Whats in the mind of the market?

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Nifty hourly trading for 29 July 2010

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Dukascopy free IEOD and EOD data

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Nifty hourly trading for 28th July 2010

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30 years of Gold – Chart for the Day

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Nifty Hourly trade for 27 July 2010

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Nifty hourly trading for 26 July 2010

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This is How You Do It ! Propose

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Nifty Hourly Trading for 23rd July 2010

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