Update for 28th April 2011

   U S Fed Remains Dovish, Easy Money Policy to Continue !

• The statement issued after the FOMC meet of the U S Federal Reserve signaled the continuation of the easy money policy for the time being and opined that the rising prices of fuel, food and commodities may not lead to higher inflation in the U S.
• Stock and  commodity  prices may remain buoyant due to continuation of the near zero policy rates by the Federal Reserve.
• Even though a change in the policy stance may occur later on and hamper the asset price inflation, there is no question of it happening in the immediate future and therefore, no undue volatility in the market due to such changes is seen at present.
• However on the home front, RBI may be forced to act tougher against the galloping inflation which is running much ahead of all expectations for such a long time.        

   Nifty Futures - Intra-day Chart

   Nifty Futures  - Daily Chart

Update for 27th April 2011

   Another Long legged Doji Candle ?

• Large cap stocks sold off in tandem with other Asian counterparts in the first half of the trading day on Tuesday.
• However,  the afternoon session saw the Nifty contracts recovering most of the losses of the morning session.
• Tuesday's trading has again lead to the formation of another doji candle, this time a long legged one, indicating indecision by the market participants.
• Momentum Signal has closed at the neutral territory for the second day in succession. 

  Nifty Futures - Intra-day Chart

 Nifty Futures  - Daily Chart