Bulls & Bear Hfund of India

Nifty spot for 1/2 July 2013.....this bottom @ 5566.25 have started in the same manner as on 22-11-2012........an bullish long legged doji with 2 bearish soldiers left and right but special thing is speed which was missing since last 4 years.........reversal from 5878/5937 is always possible but hourly oscillators indicate only day dreaming by those who are bearish........few days back i have used the words "market every technique to keep the flock away from buying".......this is just beginning and watch events in next 72 hours......milestones achieved by nifty in last 2 days are not small but exemplary................. .......................... ..................we have made double bottom in the vicinity of 3% with top higher by 14% and will have huge ramifications............. .............233/89 sma crossed in single push and that is special because 233/89/34 are still in order of preference........after remaining below 5/13 months sma throughout the month...

In my last post I mentioned that Nifty needs to cross 5869 to confirm Trend Reversal and Failure to hold 5730 will add more pressure on Nifty & it may Slide to 5630.. Nifty tested 5864 & broke below 5730 Leading to Panic Sell Off to 5567.. Structurally current Fall from 6229 looks to be developing as a Triple Zigzag. Where Z achieved price equality with W & might have been complete at 5567. A Faster Retracement above 5755-70 would be indication of Trend Reversal. However, Failure to hold 5567 will open up more Downside to 5525-5480.. Currently Market is Oversold & there is +ve Divergence on RSI. So there is higher probability of likely Trend Reversal.. Once Nifty starts trading above 5755-70 we may expect move up to 5970-6045-6090. By Harsh Dixit 

London copper drops for 5th day in six, firm dollar weighs London copper futures dropped for a fifth session out of six on Monday and stayed near 20-month lows, hurt by a firmer dollar and worries over slower demand in top consumer China. * Three-month copper on the London Metal Exchange dropped 0.8 percent to $6,765.25 a tonne by 0133 GMT. The industrial metal lost nearly 4 percent last week, its biggest weekly loss in two months. It dropped to a low of $6,692 on Friday, its weakest since October 2011. * The most-traded October copper contract on the Shanghai Futures Exchange was down 0.4 percent at 48,950 yuan ($8,000) a tonne. * Data last week showing China's factory activity hit a nine-month low in June underlined worries over slower economic growth in China. There were also fears of a banking crunch after the Chinese central bank let short-term interest rates spike to extraordinary levels last week as it refused to inject funds into money markets. * Rio Tinto said its ...

An unintended blessing of the likely end to cheap foreign capital flows is that Indian policy makers may finally be forced to come up with longer term solutions to address the problem of current account deficit, as well as the means to finance it. In April this year, the Prime Minister’s Economic Advisory Council (PMEAC) had estimated current account deficit for this fiscal at USD 100 billion, and FII inflows at USD 18 billion. For now, the second estimate now appears to be at risk, with the US Federal Reserve more or less having made up its mind to scale down the monetary stimulus it has been injecting into the economy.  Till at least a month back, increasing investment limits for FIIs in government securities and corporate bonds, and encouraging companies to borrow capital abroad, were among the key policies to boost dollar flows into the country. It is by now evident that such quick-fix solutions are not working. The unprecedented depreciation in the rupee is hurtin...

DIIS continue to hold on to their long positions in Index Calls and there is no sale happening. FIIS continue to sell heavily though the sell off yesterday was huge. FIIS were buyers till the last month . Their buying was between the Nifty Futures levels of 5600 and 6200 and the average US/INR rate was 54 at the time of their buying. Now the Re stands at around 60 which means a depreciation in the equity value of around 10 %. NF now stands at 5640 . So assuming that their average buying was at average of of 5900 NF, there is another loss of 5 %.  So roughly the FIIS have lost 15 % of their investments made last month. And that too when they have sold just 3500 crores of their investments out of around 30000 crores they made just last month. I hope better sense prevails. 5600 and 5700 puts continue to have largest build up till today and barring some weak bears quitting, there is no panic among the bulls yet. Rather more shorts have added into the system yesterday. FIIS shorted ...

Sell US Dollars in Large Quantities ......with a Stop Loss of 60.40 Buy Silver Aug Future at 42,000 with Sl 41,000 and Target 43,000 + For all the Bears in Indian Equity enjoy till the Sun Shines Soon it shall be a Dark Night Buy Maruti Buy LT bUY aPOLLO tYRES Trade in the Next Month (July) Contract and Buy Future or Call Options or Sell Putss June Expiry 5800 JULY eXPIRY 6000 Regards Nifty Bulls " A trader takes loss on a wrong call and profit on right one where as a chartist changes forecast " ..........hard Core Trader

Apollo Tyres   shares plunged 25 percent on Thursday to close at Rs 68.55 on NSE, the street finding company's acquisition of US-based Cooper Tire & Rubber  for Rs 14,500 crore hard to digest. The deal will help the company accelerate to become the seventh largest tyre maker in the world. Apollo and Cooper had combined sales worth USD 6.6 billion in 2012.  Also this deal will help Apollo gain access to newer markets, at a time demand in India has been sluggish on the back of the slowdown in auto sales. However, Apollo's net debt:EBITDA and net debt:equity will significantly jump up, given the deal is entirely funded by debt and that has got the market worried. "This will result in an increase in the consolidated debt:equity for Apollo from 0.75x to 1.35x and the net debt:EBITDA from 1.7x to 3.8x. The sharp increase in debt we reckon will be an area of concern for investors who were expecting balance sheet deleveraging in the next two years," Credit Su...

U.S. stocks closed higher, Thursday, posting their first gain in four days following a deluge of economic data including jobless claims, retail sales and import/export figures. U.S. Jobs According to the Labor Department, initial claims for regular state unemployment-insurance benefits fell 12,000 to 334,000 in the week ended June 8, their lowest level since early May. The average of new claims over four weeks declined 7,250 to 345,250. Economists polled by MarketWatch had forecast an initial claims tally of 350,000. U.S. retail sales rose in May at the fastest rate in three months, led by auto purchases, while spending in other sectors was mixed. Retail sales rose a seasonally adjusted 0.6% last month. Excluding auto sales, retail sales were up a smaller 0.3%. Also released, Thursday, May Export Prices declined 0.5%, below the consensus forecast of negative 0.3%. Import prices were as expected, down 0.6%. U.S. stocks shrugged off steep losses in Asian markets. The...

The S&P BSE IT Index has gained about 8.6 per cent since April 30, 2013 as against Sensex’s flattish performance (down 0.15 per cent). This rally is largely fuelled by about 7.3 per cent fall in the Indian rupee over the same period. Information technology (IT) biggies, which derive about 50-60 per cent of revenues in US dollars, are amongst key beneficiaries from a weaker rupee. Analysts estimate that typically a one per cent fall in the Indian rupee versus the US dollar results in an Ebitda margin increase of 30-50 basis points for top IT companies like TCS, Infosys, Wipro and HCL Tech. However, this time around, there are headwinds as well and hence, analysts say companies may not fully benefit from the fall in the rupee. “Companies will struggle to retain margin benefits due to competitive pressures, smarter buying strategies by clients and the need to invest to expand addressable market," believe analysts at Kotak Institutional Equities. While analysts have increase...

Gold prices fell on Friday after the U.S. government reported that the economy picked up more jobs than expected in May, which strengthened the dollar. Gold and the dollar tend to trade inversely with one another. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery were down 2.68% at USD1,377.85 a troy ounce in U.S. trading on Friday, up from a session low of USD1,377.35 and down from a high of USD1,417.45 a troy ounce. Gold futures were likely to test support USD1,374.75 a troy ounce, the low from May 28, and resistance at USD1,423.25, Thursday's high. The Bureau of Labor Statistics reported earlier that the U.S. economy added 175,000 jobs in May, beating expectations for an increase of 170,000 and up from the 149,000 jobs created in April. The headline U.S. unemployment rate ticked up to 7.6% last month from 7.5% in April, and even though analysts were expecting the unemployment rate to remain unchanged, markets a...

U.S. stocks surged on Friday after the government revealed the economy added more jobs than expected in May. At the close of U.S. trading, the Dow Jones Industrial Average finished up 1.38%, the S&P 500 index ended up 1.28%, while the Nasdaq Composite index rose 1.32%. The Bureau of Labor Statistics said the U.S. economy added 175,000 jobs in May, beating expectations for an increase of 170,000, after 149,000 jobs were created the previous month. The headline U.S. unemployment rate ticked up to 7.6% last month, from 7.5% in April as more individuals entered the labor force, which drew applause from markets. Analysts were expecting the unemployment rate to remain unchanged. Stocks surged especially hard on sentiments that while the May jobs report suggested economy is improving, recovery still won't likely be strong enough to prompt the Federal Reserve to taper its stimulus programs — a double win for equities. Monetary stimulus tools such as the Fe...

U.S. stock futures pointed to a slightly lower open on Friday, as markets awaited the release of upcoming U.S. jobs data amid growing uncertainty over the future of the Federal Reserve's stimulus program.  Ahead of the open, the Dow Jones Industrial Average futures pointed to a 0.11% fall, S&P 500 futures signaled a 0.08% loss, while the Nasdaq 100 futures indicated a 0.07% dip.  Investors eyed upcoming U.S. jobs data after the Department of Labor on Thursday said the number of people who filed for unemployment assistance last week fell by 11,000 to 346,000, compared to expectations for a decline of 12,000 to 345,000. Jobless claims for the preceding week were revised up to 357,000 from a previously reported increase of 354,000. The data came one day after weak U.S. private sector jobs data lowered expectations that the Federal Reserve would begin to unwind its asset purchase program this year.  The telecom sector was expected to be active, after AT&T said secon...

Major tech companies including Apple Inc, Google and Facebook Inc on Thursday said they do not provide any government agency with "direct access" to their servers, contradicting a Washington Post report that they have granted such access under a classified data collection program. The newspaper reported that the U.S. National Security Agency and the FBI are "tapping directly into the central servers of nine leading U.S. Internet companies" through a secret program known as PRISM, and extracting massive amounts of data including audio, video, photographs, emails, documents and connection logs. It named nine companies, including Apple, Facebook, Microsoft Corp and Google Inc, as having joined the secret program. Google, the Internet's largest search provider, said that, despite previous reports that it had forged a "back door" for the government, it had never provided any such access to user data. Microsoft said it does not voluntarily participate ...

European stocks edged higher on Thursday, as markets awaited the European Central Bank and the Bank of England's policy statements later in the day.  During European morning trade, the EURO STOXX 50 added 0.12%, France’s CAC 40 rose 0.17%, while Germany’s DAX 30 inched up 0.01%.  The ECB was not widely expected to make any changes to monetary policy at its monthly meeting later Thursday but the bank’s post-policy meeting press conference with President Mario Draghi would be closely watched.  Stocks also found support after data on Wednesday showing that the U.S. private sector added far fewer-than-expected jobs in May dampened expectations that the Federal Reserve would start to unwind its asset purchase program this year.  Financial stocks were mixed. In France, BNP Paribas and Societe Generale were flat, while Germany's Deutsche Bank gained 0.61%.  Among peripheral lenders, Spanish banks BBVA and Banco Santander rose 0.28% and 0.72% respectively, while Ita...

U.S. stocks dropped on Wednesday after a private-sector jobs report, often viewed as a precursor to the official  unemployment report, missed expectations. Hopes the data may prompt the Federal Reserve to continue stimulating the economy with tools that normally pump up stock prices failed to curb the selloff in equities markets. Monetary stimulus tools such as the Fed's USD85 billion monthly bond-buying program push down interest rates and flood the economy with liquidity to spur recovery, a combination that sends stock prices rising as a side effect. At the close of U.S. trading, the Dow Jones Industrial Average finished down 1.43%, the S&P 500 index ended down 1.38%, while the Nasdaq Composite index fell 1.27%. Payroll processor ADP reported earlier that non-farm private payrolls rose by 135,000 in May, well below expectations for an increase of 165,000. The previous month’s figure was revised down to a gain of 113,000 from a previously reported incr...

The Following is a list OF sTOCKS TO BE bought 1. Reliance Industries 2. Larson tubro 3. SBI 4. Educomp As when more stocks look attractive shall be added to the List

Australian Prime Minister Julia Gillard’s Labor party slumped again behind Tony Abbott’s Liberal-National coalition in an opinion poll that indicates a change of government in the Sept. 14 election. Labor fell 2 percentage points to 42 percent on a two-party preferred basis, while the opposition gained 2 points to 58 percent, according to a Newspoll published in the Australian newspaper today. Gillard’s satisfaction rating dropped 3 points to 28 percent. Gillard’s bid to woo voters disaffected by internal party infighting and policy reversals by announcing increased education and health funding has failed to boost Labor’s ratings. With signs of a slowdown in the world’s 12th-largest economy, including worsening employment prospects and waning of the mining boom, momentum is with Abbott’s conservative coalition, which hasn’t ruled since 2007. “When elections get closer Australian opinion polls usually become tighter, but that isn’t happening now, which suggests voters have totally turn...