SumanSpeaks: The Information Super Highway

Winning Strokes : Think Different Key equity benchmarks extended gains for sixth session in a row led by gains in ICICI Bank, Larsen & Toubro and Reliance Industries. Trading was volatile as indices bounced back in last hour of trade after hovering in negative terrain for most part of the session. The Nifty managed to close above 10,900 mark. Slide in crude oil prices and firmness in rupee boosted investors sentiment. Global stocks were negative in the face of slowing economic growth and rising political uncertainty while investors looked to the US Federal Reserve monetary policy decision due on Wednesday. The Sensex rose 77.01 points or 0.21% to settle at 36,347.08, its highest closing level since 1 October 2018. The index rose 105.31 points, or 0.29% at the day's high of 36,375.38. The index fell 223.55 points, or 0.62% at the day's low of 36,046.52. The Nifty 50 index rose 20.35 points or 0.19% to settle at 10,908.70, its highest closing level since 1 O...

Market Mantra Short Nifty corresponding to the Spot Rate of 10,791.55 for targets of 10697/10672. After all those drama in the election is over, the markets may look for some breathing space for the next level of upmove. However, stock specific activities will continue. Buying may now shift slowly to the small and mid cap counters.The rates of Nifty mentioned are all Spot levels. You need to do the necessary shorting and find targets in F&O space, corresponding to the spot levels.  China reported economic data that missed expectations. China on Friday reported industrial output and retail sales growth for the month of November. Industrial output in November grew 5.4% from a year ago. That figure was 5.9% in October. Retail sales rose 8.1%, down from 8.6% in October. Fixed asset investment rose 5.9% from January to November. It rose 5.7% from January to October. This is already having a negative impact on the Asian markets. Buy TV Vision Ltd at around Rs.4.30 for shor...

A firm opening on the cards Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 40 points at the opening bell. On the political front, the outcomes of the five state elections will likely set the tone for the general elections next year. Voting in Rajasthan and Telangana will take place today, 7 December 2018 and the counting of votes in all the states will be done on 11 December 2018. Assembly elections in Madhya Pradesh and Mizoram were held on 28 November 2018. The election in Chhattisgarh Assembly was held in two phases on 12 and 20 November 2018. Overseas, Asian stocks were trading mixed as investors grappled with shifting indications on US-China trade talks and prospects for a pause in Federal Reserve tightening. US stocks closed mostly lower Thursday after a dramatic session that saw the Dow Jones Industrial Average plunge more than 700 points at one point on fears that the arrest of a Huawei executive would rei...

Market Mantra : Stocks May Open a Tad Lower Photo : Kalinga TV Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 6 points at the opening bell. Overseas, most Asian stocks were trading lower, signaling fading investor applause for the US-China trade truce. US stocks rallied yesterday, 3 December 2018 after the US and China declared a truce in their trade war. Back home, key equity benchmarks extended gains for sixth straight trading session yesterday, 3 December 2018. However, the trading was volatile as gains triggered by strong global cues were almost offset by lower-than-expected domestic GDP data. The Sensex rose 46.70 points or 0.13% to settle at 36,241, its highest closing level since 1 October 2018. The trading activity on that day showed that the foreign portfolio investors (FPIs) bought shares worth a net Rs 293.12 crore yesterday, 3 December 2018, as per provisional data released by the stock exchanges. Do...

Winning Strokes : Think Different Domestic shares inched up, extending gains for fifth day in a row, supported by recent weakness in crude oil prices and strength in local currency. Increase in fund flows from foreign portfolio investors also boosted sentiment. The benchmark indices, which opened on a strong note, settled with small gains after briefly slipping into negative terrain in afternoon trade. Investors took some profits off the table ahead of a highly anticipated meeting between President Donald Trump and his Chinese counterpart Xi Jinping at the G-20 summit in Argentina, which many hope will help ease escalating trade tensions between the two countries. The Sensex rose 23.89 points or 0.07% to settle at 36,194.30, its highest closing level since 1 October 2018. The index rose 218.81 points, or 0.60% at the day's high of 36,389.22. The index fell 87.44 points, or 0.24% at the day's low of 36,082.97. The Nifty 50 index rose 18.05 points or 0.17% to se...