Markets post marginal gains with no major action on bourses

Markets post marginal gains with no major action on bourses Indian markets settled with marginal gains and remained in a narrow range throughout the week. The Sensex shut shop gaining 0.70% while the Nifty rose 0.59% for the week ended November 02, 2012. Major Headlines for the week: Wipro Q2 consolidated net profit up by 24% Bajaj Auto motorcycle's October sales grow by 3% Maruti Oct 2012 sales grow by 85% RBI cuts CRR by 25 bps, leaves repo rate unchanged Manufacturing PMI nudged up to 52.9 in October Fiscal deficit at 65.6% after completion of Q2 India aims to cut fiscal deficit to 3% of GDP by 2017 Indian indices The Indian markets chose to be in a consolidation mode this week and traded in a tight range. The markets witnessed lackluster trading sessions with no major movements for the week ended November 2, 2012. There were no great triggers that could lift the markets higher, which led the key indices to trade in a narrow range. This was the forty fourth trading week of 2012 for the Indian markets which closed with marginal gains after last week's drop. The gains were restricted as investors were worried about the impact of Hurricane Sandy in the US. The reshuffling of the cabinet which happened on Sunday (October 28, 2012) helped the market to trade in the green territory. Key benchmark indices gained in 4 out of five trading sessions. The BSE Mid-Cap index rose 0.64%. The BSE Small Cap index fell 0.31%. Both these indices underperformed the Sensex. The BSE Sensex rose 130.11 points or 0.70% to 18,755.45 while NSE Nifty rose 33.40 points or 0.59% to settle at 5,697.70. Major Events ·    The Reserve Bank of India left the key interest rates unchanged but reduced cash reserve ratio by 0.25% to infuse additional liquidity that will inject Rs17,500 crore into the financial system. Accordingly, the CRR or the portion of deposits banks have to park with the RBI now stands at 4.25% while the repo rate, at which RBI lends to the system, has been retained at 8%. The reverse repo, at which RBI absorbs excess liquidity through borrowings from banks, remains at 7%. ·    The HSBC manufacturing purchasing managers' index (PMI), which gauges the business activity of India's factories but not its utilities, nudged up to 52.9 in October from 52.8 in September. India's manufacturing growth inched up in October from September's 10-month low. ·    The government said that, it will continue efforts to restrict fiscal deficit in the current financial year to 5.3% of the Gross Domestic Product (GDP) and reduce it to 3% by 2016-17. The fiscal deficit was 5.8% in 2011-12. Weekly market trend from October 29 - November 02, 2012 ·    The Key benchmark indices eked out with marginal gains in choppy trade on Monday, (October 29, 2012), as the Finance Minister P. Chidambaram announced a plan of fiscal consolidation during the period of the 12th Plan, i.e. from 2012-13 to 2016-17. The Sensex closed at 18,635.85, up by 10.48 points while the Nifty rose by 1.30 points to close at 5,665.60. ·    The Indian markets declined on Tuesday, (October 30, 2012), as the RBI kept its repo rate unchanged owing to raised inflation forecast concern for FY13 to 7.5% from 7% earlier and reduced GDP projection to 5.8% for FY13 from 6.5% earlier. The Sensex closed at 18430.85, down by 204.97 points and the Nifty fell 67.70 points to close at 5597.90. ·    Key benchmark indices edged higher on Wednesday, (October 31, 2012), Indian indices opened session on a flat note tracking mixed Asian cues and selling pressure across the market the positive opening of the European indices helped the market to remain in green territory. The BSE Sensex ended at 18505.38 up by 74.53 points and the NSE Nifty ended at 5619.70 up by 21.80 points. ·    Key benchmark indices rose on Thursday, (November 01, 2012), on the first trading session of November month. The Indian markets traded higher led by rally in the auto stocks on higher-than-expected October vehicle sales. The BSE Sensex ended at 18561.70 up by 56.32 points and the NSE Nifty ended at 5645.05 up by 25.35 points. ·    Key benchmark indices jumped on Friday, (November 02, 2012), as rally on the Dalal Street was bolstered by strong buying across the board, which pushed the Sensex above the 18,750 mark and the Nifty above 5,700. The BSE Sensex ended at 18755.45 up by 193.75 points and the NSE Nifty settled at 5697.70 up by 52.65 points. Global indices All the global markets closed on a positive note baring Nasdaq which slipped by 0.19% and Dow Jones which fell by 0.11%. Top gainers: Hang Seng up by 2.63%, Shanghai Composite surged by 2.46%, DAX100 rose by 1.83%, CAC40 up by 1.67%, Nikkei up by 1.32% and FTSE100 up by 1.06%. Sectoral and stock screening Among 13 sectoral indices, eight closed the week on a positive note and remaining five closed in negative note. Top Losers: BSE Oil & Gas down by 1.89%, BSE HC fell by 0.70%, BSE Realty slipped by 0.42%. The top gainers were BSE Bankex up by 5.08%, BSE CG rose by 3.90% and BSE IT surged by 3.16%.   Looking at the 'A' group stocks, the top three gainers of the week were TTK Prestige which was up by 8.85%, Titan Industries up 8.75% and Wipro up by 8.57%. The top three losers of the week were Gujarat Fluorochemicals down by 6.69%, Bharat Electronics down by 6.57% and Bharat Forge down by 6.55%. FII/MF activity The foreign institutional investors (FIIs) have been net buyers of the Indian stocks worth a net of Rs503.7 crore, while the domestic investors were net sellers of Indian stocks to the tune of Rs237.8 crore during the week till November 01, 2012. TOP MOVERS (GROUP A)  Company Price (Rs) % chg Gainers TTK Prestige 3,400.20 8.85 Titan Industries 288.45 8.75 Wipro 364.95 8.57 Losers Gujarat Fluorochemicals 332.15 -6.69 BEL 1,202.00 -6.57 Bharat Forge 269.20 -6.55  FII/MF ACTIVITIES Rs (cr) FII MF Gross purchase 7,325 1,604 Gross sale 6,821 1,842 Net investment 503 -237 Data as on November 01, 2012

Market Outlook The coming week may set the market movement owing to release of the next batch of corporate earnings, macroeconomic data and US presidential elections which will dictate near term trend on the bourses. Market Economics will unveil HSBC India Services purchasing managers' index (PMI) for October 2012 on Monday, November 05, 2012. Major companies which will announce their Q2 results in the coming week: Cipla on Monday, November 05, 2012. Tata Power, Reliance Infrastructure, Hindalco Industries and its US unit Novelis Inc, Hindalco Industries and its US unit Novelis Inc. on Tuesday, November 06, 2012. Bharti Airtel and Tata Motors on Wednesday, November 07, 2012. Ranbaxy Laboratories, Sun Pharmaceuticals Industries and ONGC on Thursday, November 08, 2012. Tata Steel, Jindal Steel & Power, Coal India, State Bank of India and BPCL on Friday, 9 November 2012. On the global front, the elections for a new president in the United States, the world's biggest economy is scheduled on Tuesday November 06, 2012. The 18th Communist Party Congress which officially kicks off China's once-in-a-decade leadership change begins on Thursday, November 08, 2012. **Information received from source.

Live Nifty Future Update 2-Nov

Xpert Nifty
2-Nov

5730-5755 Resistance. This is trend decider level for today.

---------------------------------

Xpert Nifty 

is continuing the success stories and bringing smile, joy, happiness, & money in client's life.

Here with we are very happy to share our October Performance.

Nifty Future                :-      339 Points.      OR     Rs.    33,900 (2 lots)

Bank Nifty Future       :-      840 Points.      OR     Rs.    84,000 (4 lots)

SBIN Future                :-      272 Points.      OR     Rs. 1,36,000 (4 lots)

Maruti Future             :-        85 Points.      OR     Rs.    85,000 (4 lots)

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Team Xpert Nifty
WeB:- www.XpertNifty.in
email:- Support@XpertNifty.in
Mobile:- +91 9722334200 

Live Nifty Future Update 1-Nov

Xpert Nifty
1-Nov

Today opening is slightly lower and as we can see in above chart NF has taken resistance exactly at our shown level which is 5650.

For intraday this level will be trend decider, above this leve we may see some fresh intraday buying for 20 to 45 points.
Below this level we may see 5685-5560.

---------------------------------

Xpert Nifty 

is continuing the success stories and bringing smile, joy, happiness, & money in client's life.

Here with we are very happy to share our October Performance.

Nifty Future                :-      339 Points.      OR     Rs.    33,900 (2 lots)

Bank Nifty Future       :-      840 Points.      OR     Rs.    84,000 (4 lots)

SBIN Future                :-      272 Points.      OR     Rs. 1,36,000 (4 lots)

Maruti Future             :-        85 Points.      OR     Rs.    85,000 (4 lots)

----------------------------------------

Regards,
Team Xpert Nifty
WeB:- www.XpertNifty.in
email:- Support@XpertNifty.in
Mobile:- +91 9722334200 

 

Live Market Nifty Future Update 31-Oct

Xpert Nifty
31-Oct

Yesterday we have seen a sharp fall and it has given a -ve side breakout.
Now below 5650 we may see 5580-5560 level's very soon.

however above 5650 we again may see some fresh buying and if again NF close above this mark the consolidation will likely to continue for some more time.

Xpert Nifty
POSITION UPDATE
1# NIFTY SELL 5748 LTP 5629 =Gain 119 Points
2# BANK NF SELL 11520 LTP 11244 =Gain 276 Points
3# SBI SELL 2235 LTP 2082 =GAIN 153 Points
 **Join our premium service to rec such view

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RBI holds repo rate, cuts CRR by 25 basis points

By Shamik Paul and Tony Munroe

MUMBAI (Reuters) - The Reserve Bank of India (RBI) left interest rates on hold on Tuesday but cut the cash reserve ratio for banks, defying pressure from the government to lower rates for the first time since April but also indicating it may soon ease policy further.

While the decision to leave the policy repo rate unchanged at 8.00 percent was in line with forecasts in a recent Reuters poll, expectations for a rate cut had grown after Finance Minister P. Chidambaram on Monday outlined a plan to trim the country's hefty fiscal deficit.

"As inflation eases further, there will be an opportunity for monetary policy to act in conjunction with fiscal and other measures to mitigate the growth risks and take the economy to a sustained higher growth trajectory," RBI Gov. Duvvuri Subbarao wrote in his quarterly policy review.

(Read expert views on RBI review, click http://in.reuters.com/article/2012/10/30/rbi-policy-review-repo-rate-idINDEE89T03920121030)

Headline wholesale price index inflation rose to 7.8 percent in September, a 10-month peak, and the RBI said it expects inflation to rise before easing in the final quarter of the fiscal year, which ends in March.
"While risks to this trajectory remain, the baseline scenario suggests a reasonable likelihood of further policy easing in the fourth quarter of 2012-13," Subbarao wrote.

The market had been positioned for a rate cut, said A. Prasanna, economist at ICICI Securities Primary Dealership.

"There's a positive that RBI has said there's a likelihood of easing in the Jan-March quarter. Looks like RBI wants inflation to peak out before cutting rates so we shouldn't expect anything in December. We expect a 50 basis points cut during Jan-March," he said.

India's 10-year bond yield rose around 4 basis points, while the rupee and stocks weakened.

Investors, companies and the government have been clamouring for a cut to interest rates that have been on hold since April and remain some of the highest among major economies.

"A rate cut in the face of jump in September WPI, sharp upward revision to historical numbers and recent rebound in the proxy core inflation measure, might have put the bank's inflation-fighting credibility at risk," said Radhika Rao, an economist at Forecast Pte in Singapore.

While economic growth in India has been slowing, inflation has not, and the RBI has been calling on the government to follow through quickly on recent steps to cut its deficit and encourage investment, and to take further such measures.

"Recent policy announcements by the government, which have positively impacted sentiment, need to be translated into effective action to convert sentiment into concrete investment decisions," Subbarao wrote.

Chidambaram on Monday outlined a plan to nearly halve the deficit in just over four years. While he gave few specifics, his announcement at a hastily called news conference was seen as adding pressure on the RBI to cut rates.

New Delhi has unveiled a spate of reforms to bolster investment and rein in its fiscal deficit, including raising the price of subsidised diesel and lifting caps on foreign investment in several industries.

The RBI cut its GDP growth forecast for Asia's third-largest economy to 5.8 percent for the current fiscal year, from 6.5 percent previously, and increased its projection for headline inflation in March to 7.5 percent, from 7 percent earlier.

The RBI lowered the cash reserve ratio, the amount of deposits that banks must keep with the central bank, by 25 basis points to 4.25 percent, a move it said would inject about 175 billion rupees into the banking system in order to pre-empt potentially tightening liquidity.

In the Reuters poll earlier this month, economists had been nearly evenly split on whether or not the RBI would lower CRR.

Live Nifty Future Update 30-Oct ( After RBI announcement )

Xpert Nifty
30-Oct

Its a clear breakout but still NF Fut must sustain below 5640

RBI faces rising pressure to cut rates

The Reserve Bank of India (RBI) faces growing pressure to cut interest rates later on Tuesday for the first time since April after the finance minister pledged to rein in the country's fiscal deficit.
Remarks by Finance Minister P. Chidambaram at a hastily called news conference on Monday that he would nearly halve the deficit in just over four years had increased the chances for a Tuesday rate cut, some analysts said.

"Net-net, the odds for a rate cut have increased because of today's press conference," said A. Prasanna, an economist at ICICI Securities Primary Dealership in Mumbai.

A Reuters poll on October 19 found most economists expected the Reserve Bank of India to keep its policy repo rate unchanged at 8 percent. Nearly half said the RBI would take a more targeted measure and cut the cash reserve ratio, the share of deposits banks must hold with the central bank, from 4.5 percent in an effort to get banks to pass along earlier rate cuts to borrowers.

The RBI has kept the policy repo rate at 8.00 percent since April despite calls from members of the government and industry for action to revive the country's flagging economic growth.

It says inflation - at a 10-month peak in September - is too high and that government action is needed instead to address its fiscal deficit and supply-side bottlenecks in the economy that fuel price pressures.

New Delhi has unveiled a spate of reforms to bolster investment and rein in its fiscal deficit, including raising the price of subsidised diesel and lifting caps on foreign investment in several industries.

While those measures have improved the mood of markets, the central bank has sought more in order to improve the investment climate and lower the fiscal deficit.

On Monday, Chidambaram pledged to nearly halve the fiscal deficit by March 2017 in a bid to avoid a credit rating downgrade and persuade the central bank to cut interest rates. But he offered few concrete steps on how to achieve the goal.

Higher spending on fuel, food and fertiliser subsidies along with sluggish tax revenues have led many economists to predict a fiscal deficit of 6 percent of GDP for the fiscal year that ends in March.

Chidambaram said India's fiscal deficit would hit 5.3 percent of GDP this fiscal year, up from New Delhi's earlier target of 5.1 percent.

In a pre-policy review on Monday, the central bank said that New Delhi's reforms were a step in the right direction but more was needed, and fast implementation was key.

It also said headline inflation, which hit 7.8 percent for September and is expected by many economists to rise to more than 8 percent in coming months, was likely to ease starting in the January-March quarter.

"As macro-risks from inflation and twin deficits recede further, that could yield space down the line for monetary policy to respond more effectively to growth concerns," the RBI wrote, a sign that it may be moving towards a rate cut. The twin deficits refer to the fiscal and current account deficits.

News Update:

Update:-

NYSE, NYMEX to close trading floor on Monday: The operator of the New York Stock Exchange said it would close the trading floor until city officials say New York is safe from Hurricane Sandy, the monster storm expected to hit the city on Monday.

**News from source, verify from your end too.

Nifty Future Update 29-Oct

Xpert Nifty
29-Oct

We have seen a breakout in last trading session. still the trend is not clear and it will remain the same in the next 5 days since we have events line up.

Small traders do not trade unless there is a clear trend and breakout

**Note:- still the market is in consolidation phase and it is likely that today or may be tomorrow it will give breakout and we will witness a new swing/trend.

Do not be overconfident for any trend before we see clear breakout.

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Team Xpert Nifty
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email:- Support@XpertNifty.in
Mobile:- +91 9722334200 

Live Market Nifty Future Update 26-Oct

Xpert Nifty
26-Oct

Still waiting for the breakout..
**Note:- still the market is in consolidation phase and it is likely that today or may be tomorrow it will give breakout and we will witness a new swing/trend.

Do not be overconfident for any trend before we see clear breakout.

Regards,
Team Xpert Nifty
WeB:- www.XpertNifty.in
email:- Support@XpertNifty.in
Mobile:- +91 9722334200  

Live Market Nifty Future Update 25-Oct

Xpert Nifty
25-Oct

Today we have seen almost a flat opening with some good move in first 5 min.
Looking at above chart we can say that NF is taking support near today DAY LOW i.e. 5681.

Today below 5681 it is likely that we may see more fall upto 5593 which is major support for today.
Above 5725-30 intraday buyers will attract and can take it upto 5802-5838

**Note:- still the market is in consolidation phase and it is likely that today or may be tomorrow it will give breakout and we will witness a new swing/trend.

Do not be overconfident for any trend before we see clear breakout.

Regards,
Team Xpert Nifty
WeB:- www.XpertNifty.in
email:- Support@XpertNifty.in
Mobile:- +91 9722334200 

Nifty Future Update 23-Oct

Xpert Nifty
23-Oct

Since last 11 days we have seen that Nifty is trading in narrow range which is 5631-5758.
It is likely that NF will give breakout today or day after tomorrow.
How ever 5587 is again a support.

Breakout Range
Upper Side :- 5758-63
Lower Side :- 5631-24

*Any side breakout and close is likely to lead the trend.
**We are expecting min. 100 to 300 pt clear move once the breakout happens.
***Clear Entry and STOP LOSS for premium members only.

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Team Xpert Nifty
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email:- Support@XpertNifty.in
Mobile:- +91 9722334200 

Live Nifty Future Update 19-Oct

Xpert Nifty
19-Oct

Yesterday we have seen a good +ve rally of almost 65 point from closing.
However still is closed at resistance zone. today the uptrend will continue only if NF sustain above 5750-5758 above this level we may see 5777-5855
Below 5664 it will try to touch 5637-5580 level.

:::::::::::::::::::: FRIDAY :::::::::::::::::::::::::
Today we will definitely see high volatility. The trend can be up or down.
Current Trend = Consolidation
Resistance :  5750-5758
Support : 5664

Live Nifty Future Update 18-Oct

Xpert Nifty
18-Oct

We have seen a -ve side breakout yesterday and again NF is trading in the range.
Consolidation will continue for some more time. and after that we can find the new trend.

Clear level and trend update to Premium Client's Only

Intraday Resistance:- 5690
Intraday Support :- 5640-5635

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email:- Support@XpertNifty.in
Mobile:- +91 9722334200 

Nifty Future Update 17-Oct

Xpert Nifty
17-Oct

As expected NF has given -ve side breakout and the down swing is likely to continue is it sustain below 5650.
Below 5650 we may see 5565 in few days.

Above 5725 again some buyer can lift up till 5752-5778


Xpert Nifty Premium Member Position Update:-
Nifty                Sell @   5,705         Stop Loss   5,xxx        Target-1    5,650
Bank Nifty      Sell @ 11,484         Stop Loss 11,xxx         Target-2  11,284
SBI                  Sell @   2,275         Stop Loss   2,xxx        Target-2    2,230


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email:- Support@XpertNifty.in
Mobile:- +91 9722334200 

Xpert Nifty Wish all our viewer and well wishers a very Happy and Subh Navratri.

Xpert Nifty Wish all our viewer and well wishers a very Happy and Subh Navratri.

Navratri 2012 is once at door step.
Navratri or Navratra is one of the biggest spiritual as well as cultural festival of India. This spiritual event is celebrated by worshiping the nine form of Godess Durga. I am sharing some beautiful Navratri sms to greet "Navratri ki Subhkamnayen" to your friends, relatives and loved ones.

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LIve Market Nifty Future Update 16-Oct

Xpert Nifty
16-Oct

Since last 5 days NF is trading in narrow range, it is likely that it will give breakout.

Upper Side Breakout Abv 5750
Lower Side Breakout blw  5650

Any side breakout is likely to lead the trend.

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Team Xpert Nifty
WeB:- www.XpertNifty.in
email:- Support@XpertNifty.in
Mobile:- +91 9722334200 

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LIve Market Nifty Future Update 15-Oct

Xpert Nifty
15-Oct

We are still expecting profit booking will continue, which we are saying since last 4 days and if you can see from last 4 days NF is coming down.

NF is likely to touch our support level i.e. 5642-5552, at this level we may see some intraday buying.

Xpert Nifty Premium Member Position Update:-
Nifty                Sell @   5,727         Stop Loss   5,xxx        Target    5,xxx
Bank Nifty      Sell @ 11,484         Stop Loss 11,xxx         Target  11,xxx
SBI                  Sell @   2,284         Stop Loss   2,xxx        Target    2,xxx


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email:- Support@XpertNifty.in
Mobile:- +91 9722334200 

Will Infosys cut FY13 EPS guidance?

Moneycontrol Bureau
Will Infosys cut its earnings per share guidance for the full year, is a key question the street is asking as India's second largest software services exporter announces its second quarter results on Friday.

"We expect Infosys' Q2 revenue growth to accelerate (3.4% quarter-on-quarter) but FY13 EPS guidance is likely to be lowered due to sharp appreciation in rupee guidance now likely at Rs 53 per US dollar levels versus Rs 55 per USD at the end of Q1," said Citigroup analysts Surendra Goyal and Rishi Iyer.

Furthermore, among the IT companies, Infosys has yet not given any pay rise to its employees and some analysts feel it could announce some hike in the third quarter, and that could mean more cut in EPS.

Infosys shares have recovered from the hammering post the disappointing first quarter numbers, but lag those of peers like TCS and HCL Tech, and also the CNX IT Index. Over the last three months, Infosys has risen around 1.5%. Among frontline IT shares, TCS has gained around 3%, HCL Tech around 15%, while Wipro has fallen over 3%.

"We believe there is a high likelihood of a wage hike in Q3 as growth comes in line with guidance," said Ashwin Mehta and Pinku Pappan of Nomura Financial Advisory and Securities India.

The Nomura analysts expect Infosys to cut its FY13 EPS guidance by 2% to Rs 163.

The company had already shocked the street post first quarter results as it cut the full year guidance to well below street and industry body NASSCOM expectations and also stopped giving quarterly guidance. The stock is down near 13% so far this financial year, still some analysts fell it would be better to stay away from the stock, with no significant positive announcements in sight.

"We still do not see the merit of owning Infosys as our interaction with the company and channel checks outline no discernable change in the pace of decision making in discretionary segments and the last vestiges of the ramp downs might lead to tepid performance this quarter," says Pralay Das of Elara Capital.

For the second quarter, analysts on average expect Infosys' net profit in July-September to rise 3.1% sequentially to Rs 2,359 crore. US dollar revenue will go up 3.3% to USD 1.81 billion, while rupee revenue is seen up 3% to Rs 9,910 crore, according to a CNBC-TV18 poll.

ICICI Securities expects the Bangalore-based company's earnings before interest and taxes (EBIT) margins will be stable at 28.1%, up about 10% sequentially, due to absence of visas costs (seasonal) and absence of USD 15 million one-off revenue reversal hit in the first quarter.

KEY THINGS TO WATCH:

-- Margins, pricing and utilisation levels in the second quarter

-- EPS and US dollar revenue guidance for the full year

-- Client additions

-- Views on client budget spends and the general commentary on the demand scenario in Europe and elsewhere

-- Growth, especially in the banking and financial services vertical

-- Any commentary on wage hikes

-- Attrition rate in the last quarter, especially since there has not been any wage hike

-- Hiring plans for the rest of the year

Infosys shares were down 0.6% at Rs 2,488 on NSE in morning trade on Thursday.

Live Nifty Future Update 11-Oct

Xpert Nifty
11-Oct

As said yesterday we are expecting profit booking and the support is near 5620-5655 zone.
We have seen a sharp profit booking and it is likely to continue till our Magic support 5642.


Xpert Nifty Premium Member Position Update:-
Nifty                Sell @   5,727
Bank Nifty      Sell @ 11,538
SBI                 Sell @   2,296


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Team Xpert Nifty
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email:- Support@XpertNifty.in
Mobile:- +91 9722334200 

Nifty Future Update 10-Oct

Xpert Nifty
10-Oct

We are expecting profit booking and the support is near 5620-5655 zone.
Above 5800 we may see a fresh buying which will take NF till 5900-6020

Trend = Consolidation

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email:- Support@XpertNifty.in
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Live Nifty Update 8-Oct

Xpert Nifty
8-Oct

Below 4746 Huge chances for NF to come 5638.
Consider this as just a view.

Nifty Future Update 8-Oct

Xpert Nifty
8-Oct

Many traders and investors has made tremendous loss of Friday, due some of problem in NSE / Technical server fault, BUT GOOD NEWS IS non of our client has loose money due to this problem.

This is just because we suggest to trade with discipline and rules.

Going back to market every thing is good above 5700 as we are saying from long time
Upper side our 1st level 5800 achieved.
Now we are waiting for 5920 to come.

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Team Xpert Nifty
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email:- Support@XpertNifty.in
Mobile:- +91 9722334200

Nifty Future Update 5-Oct

Xpert Nifty
5-Oct

All is well for Nifty Future
XN waiting for 2 new level's to achieve i.e. 5900-6010

As long as Nifty trading above 5700 there is a good hope that we may see 5900-6010 level.

XN Position Update:-
Nifty - BUY 5335,LTP=5830
Gain  = 495 Points
Bank Nifty - BUY 11,580 LTP=11,723
Gain =  143 Points
SBI - Buy 2195, LTP=2349
Gain =  154 Points
Maruti - Buy 1315, LTP=1396
Gain = 81 Points

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Team Xpert Nifty
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email:- Support@XpertNifty.in
Mobile:- +91 9722334200

Live Market Update::: Bharti ARTL

Xpert Nifty
4-Oct

+ve breakout in Bharti ARTL CMP 271.45
Nearest Support 258
Resistance 282-308

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Mobile:- +91 9722334200

Nifty Future Update 4-Oct

Xpert Nifty
4-Oct

As saying since so many days that the trend is up only. BUT do not make heavy position ( long or short ) at this level as we have seen consolidation in last few days.

New trend is expected to come.
As long NF Fut trading above 5700 mark the trend is likely to be +ve only and the next logical TG 5800-6000
Below 5700 we may see profit booking and the major support is coming near 5477-5490 zone.

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email:- Support@XpertNifty.in
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Nifty Future Update 3-Oct

Xpert Nifty
3-Oct

Nifty is looking strong and from bottom level we are seeing silent buying.
As long as NF trading above 5656-45 the upper movement could be seen
Below 5656-45 we can see 5463 level.


Xpert Nifty
Position Update:-
NIFTY
WE BUY 5335,
LTP=5758

BANK NIFTY
WE BUY 10,116 
LTP=11,516

SBIN
WE BUY 2195,
 LTP=2288

MARUTI
WE BUY 1315,
LTP=1366


Regards,
Team Xpert Nifty
WeB:- www.XpertNifty.in
email:- Support@XpertNifty.in
Mobile:- +91 9722334200 

The teachings of Warren Buffet

What Warren Buffet says about basic investing, spending, savings are so true. Most of us know it, however too many of us do not live it.

If it does make a change in your life, thank HIM (I mean God) because this is common sense. WB said it once, I am just reproducing it.

1. On Earning:
Do not depend on a single income. Invest and create a second/ third source of income:
This means when you are young your first task should be saving and investing. By creating a second source of income you are quickly reducing your dependence on your job. This could help you to set out on your own one day. The quicker you can do it, the better.

2. On Spending:
If you buy things that you do not need, you may soon have to sell things you need: It kind of summarizes Gen X’s reaction towards ‘luxuries’. As a part of Gen X we were perhaps criticised for some of our expenses, so it could be a generational thing even for WB. However, having goals and knowing where you are going, and not spending just to ‘show off’ are important lessons for all generations.

3. On Savings:
Do not spend what is left after spending, instead spend after you save/invest:
Also called ‘Pay Yourself First’. If you realise that investing in a pension plan or for your kid’s education is just helping you to save more later on. It is not a sacrifice, it is just postponing consumption. So understand, invest and then spend.

4. On taking Risk:
Never test the depth of the river with both your feet:
If you are doing something, do small. If you are a first gen investor, do not be carried away by equity lovers like me and put all your money in equity. Do a SIP with a small amount, and test the waters. Do a SIP of Rs. X (which could be 10% of your take home pay) for 5 years and then step up. And for heavens sake understand risk of inflation, and the concept of real returns

5. On Investing:

Do not put all eggs in one basket:
Immaterial of who you are and how much you understand, create a portfolio. A full range lunch plate is always better than just one item. So create a portfolio with bonds, bond funds, PPF, NSC, equity, mutual funds, and on the risk side medical and term insurance.

6. On Expectation:
Honesty is expensive, do not expect it from cheap people:
Not everybody is honest, nor does everybody want to be honest. Honest advisers are difficult to find especially in Health and Wealth, be careful.

Nifty Future Update 01-Oct

Xpert Nifty
01-Oct

Nf has crossed resistance but failed to remain above the resistance as we can see above.
It is likely that we may see the profit booking very soon.
Support zone for this swing 5645-32 . below this level we may see sharp selling pressure.
Above 5740 we may see 5800-5811.

Regards,
Team Xpert Nifty
WeB:- www.XpertNifty.in
email:- Support@XpertNifty.in
Mobile:- +91 9722334200

Nifty Future Update 28-Sep

Xpert Nifty
28-Sep

We have seen a narrow range yesterday due to September Futures Expiry.
Today the uptrend is likely to continue only if NF Fut sustain above 5650-5660 level above this level it may move up till 5680-5738
Below 5650-5660 it can fall more till 5580

Regards,
Team Xpert Nifty
WeB:- www.XpertNifty.in
email:- Support@XpertNifty.in
Mobile:- +91 9722334200 

Live Nifty Future Update 27-Sep

Xpert Nifty
27-Sep

Today September Futures Expiry day, and hence we may see some unexpected move in 2nd half.
However looking at movements of last few days we are not hoping huge huge movement.