Sunday, March 18, 2012

Sachin Ramesh "Ton"dulkar, The Pride of India


Congratulating Sachin Tendulkar for scoring his 100th century in international cricket today, BCCI secretary Sanjay Jagdale said it was a matter of pride for every Indian.

"It is a matter of pride for all. It is a great achievement. Unparalleled in the history of cricket," Jagdale told PTI over phone.

Unbelievable Catch by Suresh Raina

Friday, March 16, 2012

Budget Day Mar 16

Nifty behaved very  much on line of expectation today. It moved up, then down. It was full of volatility and learning for day trader.

Thursday, March 15, 2012

How to trade on Budget Day, March 16, 2011

Tomorrow is budget day and high volatility would prevail the market. As per technical analysis suggest, nifty is taking support and close above the support zone, please view the chart below.
Nifty may correct further till 5320>5300>5280 and then it will turn up again. As global cue is very bullish. In the morning before starting the budget session market will be choppy and at around 11:00 AM it will start moving upside in speculation of good news. As it always happen good news been reveled first. Then as soon Bad news would start coming or below expectation news would drag the Nifty where it has started. Till now option writers are still bullish. On last budget day, Nifty has shown huge volatality, it was moved 170 points upside and then come down 170 point making a doji for the day. Please read my article: remembering Feb 28, 2011. Post the event there would be sharp fall in volatility. As EW count we have completed corrective wave and now, up trend would start to resume soon.


D Day - Mar 16, 2012

The Stock market has put up a disappointing show in a month after the Budget announcement, eight times in the past 11 years, but analysts are opined that this time the government's move on policy reforms may provide a positive surprise. The markets are usually flat in the month ahead of the Budget and, in two out of three years, fall in the month following it. As analysis of the market performance one month after the Budget month, market, has been in positive territory on just three occasions. This time one more factor has been discounted and that is a chance of reform oriented Budget. let's see the argument. After UP election, Congress is looking vulnerable at center, so it may try again to present one more goody goody budget which may not reform oriented. Chances of mid term election may also keep reformative budget at a distance. After rail budget yesterday, Mamata Benerjee has also signaled not very long to stay with congress at center, however SP has announced will support center to avoid any mid term election.
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