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ICICI Bank stock is down about 2.5 % today but it is usual jitters around result release.  Again there will be some chatter around its roughly 30,000 crore NPA and other blights. But as we have harped on many times, who cares about those...

ICICI Bank – Technical Analysis – 7/29/2016

ICICI Bank stock is down about 2.5 % today but it is usual jitters around result release.  Again there will be some chatter around its roughly 30,000 crore NPA and other blights. But as we have harped on many times, who cares about those...

Larsen & Toubro’s stock has relatively easy flight from 1200 to 1600, but now next 100 / 150 something points may not come that easy.  So here again, preferred strategy is to sell covered calls against the position or if you really want to...

L&T Ltd – Another Technically Challenged Stock – 7/28/2016

Larsen & Toubro’s stock has relatively easy flight from 1200 to 1600, but now next 100 / 150 something points may not come that easy.  So here again, preferred strategy is to sell covered calls against the position or if you really want to...

Stock market Buy Sell

Big events like NFP, FOMC, ECB meting etc has the power to inflict a long lasting blow.  Yesterday’s Fed meeting outcome was nothing new but we need to pay attention to the direction currency pairs take after such events to get a clue.  For...

EUR/USD – Has Fed Hit Reset To ‘Sell Rally’ Idea? – 7/28/2016

Big events like NFP, FOMC, ECB meting etc has the power to inflict a long lasting blow.  Yesterday’s Fed meeting outcome was nothing new but we need to pay attention to the direction currency pairs take after such events to get a clue.  For...

Gold trade in essence is the fear + yield trade.  Currently Fed carry more weight in dictating Gold’s direction because gold is priced in dollars and dollar’s value is being tuned by Fed’s experiments.  So in gold’s pricing equation, fear factor is temporary but...

Will Fed Kill The Golden Goose ?! – 7/27/2016

Gold trade in essence is the fear + yield trade.  Currently Fed carry more weight in dictating Gold’s direction because gold is priced in dollars and dollar’s value is being tuned by Fed’s experiments.  So in gold’s pricing equation, fear factor is temporary but...

Forex

Central bank circus is back in the town and it will bring usual attractions.  Whipsaw all around with counter intuitive currency canter.  If you chase the price action then you will always be surprised ( often in a bad way ) and market will...

Forex Universe Update Before FOMC – 7/26/2016

Central bank circus is back in the town and it will bring usual attractions.  Whipsaw all around with counter intuitive currency canter.  If you chase the price action then you will always be surprised ( often in a bad way ) and market will...

Stock market Buy Sell

India’s one of the biggest drug maker is going to release quarterly results soon and its stock is already feeling the jitters.  Analysts  and news papers will annotate the appropriate headline but someone who is aware about the technicals will of course be taking...

Dr Reddy’s Lab Stock Is Technically Challenged – 7/25/2016

India’s one of the biggest drug maker is going to release quarterly results soon and its stock is already feeling the jitters.  Analysts  and news papers will annotate the appropriate headline but someone who is aware about the technicals will of course be taking...

Forex

What the stimulus size from Abe – Kuroda duo will be at the end of the week is debatable and guessing games are on by banks.  Estimates ranges from 10 to 30 trillion but who knows ?! Can’t trade on a guess work.  But...

USD/JPY – Volatility ( Read Opportunity ) Ahead – 7/25/2016

What the stimulus size from Abe – Kuroda duo will be at the end of the week is debatable and guessing games are on by banks.  Estimates ranges from 10 to 30 trillion but who knows ?! Can’t trade on a guess work.  But...

NPA? What NPA? It is really baffling to the investors who see huge figures – thousands of crore Rupees – being thrown at them by news papers and other media about the growing  Non-Performing Assets (NPA) portfolio of large banks and still their stocks...

BankNifty – Banking The Trend ! – 7/22/2016

NPA? What NPA? It is really baffling to the investors who see huge figures – thousands of crore Rupees – being thrown at them by news papers and other media about the growing  Non-Performing Assets (NPA) portfolio of large banks and still their stocks...

Crude oil is breaking down for last two days and seems like it can reach our final short target of 42 soon.  What we really need is a clean break of 44. So caution is advised for new comers because if crude is not...

Crude Oil – Stay Short – 7/22/2016

Crude oil is breaking down for last two days and seems like it can reach our final short target of 42 soon.  What we really need is a clean break of 44. So caution is advised for new comers because if crude is not...

Pound Note

Further dips will be supported because Brexit fear trade is somewhat over and now BOE may not ease as much as expected. Of course, downside potential is still there along with headline risks but now further gains from short side will be hard fought....

GBP/USD – Range Bound – 7/21/2016

Further dips will be supported because Brexit fear trade is somewhat over and now BOE may not ease as much as expected. Of course, downside potential is still there along with headline risks but now further gains from short side will be hard fought....