Nifty Future September series :
Perspective : All eyes will be on the FED as it announces it's decision at 11.45 pm our time.Whilst there is no expectation of a QE3 from the markets, pushing the can down the road like they did at Jackson Hole Last month will not help matters. Expectations are that the FED may announce a swap of shorter term government securities to longer dated ones, the size of which should be in the region of $200-$500 billion.
There is usually a modest drift higher the morning of FOMC meetings, then two or three violent whipsaws immediately after.
The day of the decision has been positive 5 out of 7 times, while the day after was positive only 2 out of the 10.
Back Ground : Bracket between 4910- 5170
Chart Speak :
2) Structure above 5130 needs a bit of repair and further auction.
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4 comments:
"2) Structure above 5130 needs a bit of repair and further auction."-----
Work In Progress..
:)
Rupee depreciation is not favourable to FII. With the high fiscal deficit( expected to move up), dont expect rupee to appreciate. Further, it is a double whammy as dollar also will gain strength. FII will not bring in more money in re depreciating scenerio
5113.....NF bounced from here...
now this is a zone 51Xx, 50xx, 49xx.....i.e. when NF is breaking down this 15-20 pt zone is always a bounce board for 15-20 pts...
shai....can't u incorporate these regularly occurring bounce-trades in some sort of "scalp of calls"?
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