Bulls & Bear Hfund of India

Dear All ,  Greetings for the day ,  Yesterday the market reacted very negatively to the RBI announcements on 16 th Evening .  Market Technical NIFTY closes at 5955.50 (-1.25% down) Crucial level for Today:: -5974-5989-6011 spot Upper side. (Sell on rise) Crucial Support :: 5919-5902 spot down side support. (Buy near in this range if break this range or closed below 5902 then ready for wildly fall). Nifty has been entered in 3rd ww for going to words at 5822-5650 spot instead of taking upper side resistance at 6011 spot. Is this an indication for more down moves ............... Trade cautiously. Only a move above 6011 spot is the first indication that Nifty is going to rally to fill the gap created at 6039 -5906 spot. Otherwise 4th ww can vertical down move till 5650. " Trading is a passion difficult to give up "  

Week before June Expiry market at 5600 and I said expiry june expiry  at 5800 and July at 6000 plus  one day after expiry 5830 and today july expiry target also achieved ........looks like the nifty is in a mood to positively surprise me on the upside ................................. " Enjoy " 

U.S. stocks closed at record highs on Thursday after Federal Reserve Chairman Ben Bernanke said late Wednesday that stimulus tools will remain in place for the foreseeable future. Stimulus programs such as the Fed's monthly USD85 billion bond-buying program push up stocks by keeping interest rates low. At the close of U.S. trading, the Dow Jones Industrial Average finished up 1.11% at a record-high 15,460.92, the S&P 500 index ended up 1.36% at a record-high 1,675.02, while the Nasdaq Composite index rose 1.63% to 3,578.30, its best showing since 2000. Fed Chairman Ben Bernanke said Wednesday evening that economic data suggest that the U.S. economy still requires highly accommodative monetary policies. Bernanke made his comments just hours after the release of the minutes from the Fed's June monetary policy meeting, which revealed other U.S. central bankers felt likewise. Data released Thursday dampened expectations for an imminent end to monetary stimulus prog

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Fresh capital outflows and sustained dollar demands from importers pushed the rupee again to close at above 60 levels against the dollar. The Reserve Bank of India’s (RBI) intervention in late trading session stemmed further slide of the Indian currency. On Wednesday, the rupee depreciated by 55 paise to close at 60.22 over Tuesday’s closing of 59.66, according to Bloomberg data. This is the third time in a span of 10 days that the rupee closed above 60. It breached the psychological mark of 60 against the dollar for the first time on June 26, when it closed at 60.73. It closed at 60.20 on June 27.Treasury executives said besides domestic factors such as dip in capital market and dollar demand, global factors also weighed on rupee-dollar dynamics. RBI was seen in action at the fag end, basically to contain volatility. Foreign banks and exporters also sold dollars, partly arresting the slide of the rupee. On Wednesday, the global markets panicked on the back of multiple rea