Small Banks and Payment Banks Explained


The reserve bank of India has recently announced the draft guidelines on two new types of banks. To achieve the financial targets of the government plans of launching small banks and payment banks are underway. The primary aim of launching these banks is to provide credit to the poor and help the marginal farmers improve their financial condition.

Nifty Future Report – Weekly View – 21st July 2014

Nifty Future Report

Nifty Future breakout from a rising wedge and made lows of 7445 this past week and made the Intraday high of 7692 and closed the week at 7669.35. For week starting Monday 21 July 2014 Nifty Future Will face stiff Hurdle at 7710 once sustain this level expect a rally towards 7750 7800 in coming days. The support for market is at 7645 7615. The 50 day SMA is @ 7489

Zinc – Major Reversal Chart Pattern in Forming.


Now zinc is trading around 2290 on lme & as we can see on weekly chart, there is a strong probability of an ABCD reversal pattern. If we look at daily chart , we find some reversal candlestick pattern also as well as indicators trading in over bought zone. We also witness a 261.8% feb correction just above the ABCD pattern finishing line. We probably use it as stoploss.

10 Rupee Coins to be issued on Diamond Jubilee of Coir Board

10 rupee coin

To Commemorate Diamond Jubilee of Coir Board the Reserve Bank will soon put to circulation Rs 10 denominated coins on the occasion of diamond jubilee of Coir Board. “The Government of India has minted the above mentioned coins which the Reserve Bank of India will shortly put into circulation.” the RBI said in its press release yesterday.

Does Shorting Favors Nifty and Bank Nifty Traders?

Nifty Spot

On the Weekly charts Bank Nifty turned to long term sell mode and nifty still trading below 5EMA(High) and nifty still holds the long term buy mode. Currently the long term resistance zone for Nifty and Bank Nifty comes around 7677 and 15423 respectively. Reverse your position to fresh longs if the long term zone breaks on the weekly charts.

The 7 Golden Principles of Stock Selection


A seasoned investor has to invest time and effort into evaluating the real value of a stock. Making a wise and informed choice has a lot to do with a holistic research and trend analysis of the particular company that is being considered as a possible investment. These 7 principles of stock selection help you in making wise choices in the stock trading world

Copper technical analysis – Time to sell?


Now copper is trading around 7120 area on lme & as we can see on charts , with a top (probably false) above the tradeline copper trimmed its rally & looking for some downside move ahead. A number of doji, shooting star etc says that trend is slowing down now.As we see on charts the top placed was almost at 161.8% feb correction level & after that we have witness some negativity on indicators too.