U.S. Stocks Decline Amid Speculation Greece to Exit Euro......14 May 2012

U.S. stocks declined, following the biggest weekly retreat in 2012 for the Dow Jones Industrial Average, as Greece struggled to form a new government amid growing speculation the nation may leave the euro region.


Money managers are net short 19,375 contracts on the S&P 500, down 82 percent from a four-year high in September even after the figure jumped from 3,584 last week.


Money managers are net short 19,375 contracts on the S&P 500, down 82 percent from a four-year high in September even after the figure jumped from 3,584 last week,

BANK NIFTY POSITIONAL VIEW......14 MAY 2012

BANK NIFTY FUTURE MAY EXPIRY IS LOOKING WEAK ON CHARTS. "M" PATTERN FORMATION IS THERE ON POSITIONAL BASIS AND EVERY UPSIDE IS USING AS SELLING OPPORTUNITY.

IMPACT OF "M" PATTERN IN BANK NIFTY FUTURE MAY EXPIRY......14 MAY 2012

SEE THE IMPACT OF "M" PATTERN IN BANK NIFTY FUTURE MAY EXPIRY AND 1ST TARGET ALSO ACHIEVED IN SHORT BANK NIFTY FUTURE MAY EXPIRY @ 9350, SHORT CALL GAVE @ 9415.

"M" PATTERN OR DOUBLE TOP FORMATION IN BANK NIFTY FUTURE MAY EXPIRY ON INTRADAY CHART.........14 MAY 2012

"M" PATTERN OR DOUBLE TOP PATTERN FORMATION IN BANK NIFTY FUTURE MAY EXPIRY ON INTRADAY CHART. NOW LOOKING DOWN. SHORT BANK NIFTY FUTURE MAY EXPIRY @ 9415, STOP LOSS @ 9450, TARGET @ 9350 - 9300.

U.S. Stocks Rise on Unexpected Consumer Confidence Gain......11 MAY 2012

U.S. stocks rose as a gauge of consumer confidence unexpectedly increased.The Standard & Poor’s 500 Index climbed 0.1 percent to 1,359.63 at 10:21 a.m. in New York after slumping as much as 0.7 percent. Nvidia surged 8.3 percent after predicting second- quarter sales above estimates. JPMorgan was down 8 percent.The Thomson Reuters/University of Michigan preliminary index of consumer sentiment for May rose to 77.8 from 76.4 the prior month. The gauge was projected to drop to 76. Estimates ranged from 73.5 to 78. The index averaged 64.2 during the last recession and 89 in the five years before the 18-month economic slump that ended in June 2009.  Estimates ranged from 73.5 to 78. The index averaged 64.2 during the last recession and 89 in the five years before the 18-month economic slump that ended in June 2009.

Inflation Expectations :-

Consumers in today’s confidence report said they expect an inflation rate of 3.1 percent over the next 12 months, the lowest this year, compared with 3.2 percent in the prior survey. Over the next five years, Americans expected a 3 percent rate of inflation, compared with a previously reported 2.9 percent in the previous report. A weight on consumers’ view of the economy, employers added 115,000 new workers in April, the smallest number since October, according to figures from the Labor Department reported last week. The jobless rate also fell as people left the labor force. “The U.S. economy is recovering but at a stubbornly slow pace,” Carl Camden, president and chief executive officer of Kelly Services Inc. (KELYA), a staffing agency, said during a May 9 earnings call. “Large companies still aren’t spending and adding jobs as quickly as would’ve been expected.” 

Italy’s Borrowing Costs Drop as Government Meets Target....11 MAY 2012

Italy’s Borrowing Costs Drop as Government Meets Target :-   
Italy sold 10 billion euros ($13 billion) of Treasury bills, meeting its target as rates fell from the previous auction.   The Rome-based Treasury sold 7 billion euros of 364-day bills at 2.34 percent, down from 2.84 percent at the last sale of similar-maturity debt on April 11. Investors bid for 1.79 times the amount offered, up from 1.52 times last month. Also sold were 3 billion euros of 3-month bills at 0.865 percent, compared with 1.249 last month.   Prime Minister Mario Monti is implementing 20 billion euros in spending cuts and tax increases to erase the budget gap and tame a 1.9 trillion-euro debt. Ten-year borrowing costs fell more than 2 percentage points between Monti’s appointment in November and early March as demand for the nation’s debt was bolstered by European Central Bank lending and the premier’s efforts to spur the euro region’s third-biggest economy.   Today’s sale “offers a measure of reassurance, but needs to be backed up by a solid bond auction on Monday,” Nicholas Spiro, London-based managing director of Spiro Sovereign Strategy, said in an e-mail. Italy will auction as much as 5.25 billion euros of bonds on May 14.   Political deadlock in Greece and Spain’s fiscal woes have helped reignite the region’s debt crisis amid waning impact from the ECB’s long-term refinancing operation, or LTRO. The yield on Italy’s 10-year bond was 5.50 percent at 12:39 p.m. in Rome, up from 4.80 percent on March 8, which was the lowest since Monti took office on Nov. 16.   “Market perception-wise, Italy is faring better than Spain, but is still paying more to get its debt out the door,” Spiro said. “This is a post-LTRO trading environment.”

MARCH 2012 IIP DATA NEGATIVE.....11 MAY 2012

MARCH MONTH IIP GROWTH: -3.5 % ,MARKET EXPECTING: 1.1 %, PREV: 4.1 %, MARCH CAPITAL GOODS GROWTH : - 21.3 %

BANK NIFTY FUTURE MAY EXPIRY POSITIONAL VIEW.......11 MAY 2012

BANK NIFTY MAY EXPIRY HAS MADE BEARISH HEAD & SHOULDER PATTERN ON CHARTS AND HAS FORMED BEARISH FORMED ALSO. IT IS LOOKING BEARISH AND CAN BE SHORT ON EVERY RISE WITH KEEPING STOP LOSS ABOVE 9600 ACCORDING TO RISK LEVEL AND TARGET WILL BE BELOW 9100 IN COMING DAYS. IT WILL POSITIVE IF HOLDS AND TRADES ABOVE 9960.

MARKET MORNING OUTLOOK........11 MAY 2012

POSITIVE NEWS ON JOBLESS CLAIMS IN AMERICA HAVE BEEN DIGESTED BY THE MARKET AND USED AS SELLING OPPORTUNITY FROM UP SIDE BY THE TRADERS YESTERDAY. STILL NOTHING IS POSITIVE LOOKING IN THE MARKET AND POLITICAL INSTABILITY IS STILL RUNNING IN GERMANY. ANY POSITIVE NEWS WILL GIVE SELLING OPPORTUNITY ONLY. IIP DATA IS EXPECTED TO BE NEGATIVE. NOW DOWJONS FUTURES IS TRADING NEGATIVE WITH -36 POINTS DOWN @ 12753 AND ONE OF THE EURO ZONE INDEX FUTURE FTSE 100 INDEX IS TRADING NEGATIVE WITH -39 POINTS DOWN @ 5491.50, -0.53% DOWN. WHILE US BOND & US NOTE IS TRADING ON POSITIVE WHICH IS THE INDICATION OF WEAKNESS IN THE EQUITY.

BANK NIFTY FUTURE MAY EXPIRY IS LOOKING BEARISH.......09 MAY 2012

BANK NIFTY FUTURE MAY EXPIRY IS MAKING BEARISH HEAD & SHOULDER PATTERN ON CHARTS AND ALSO TRADING BELOW 100 DAYS EXPONENTIAL MOVING AVERAGE @ 9596.27. HARDLY UPSIDE IS LOOKING UP TO 9620 AND THAT IS 100% SELLING OPPORTUNITY. OTHERWISE CAN SHORT @ 9485 - 9515 AND 2ND LEVEL @ 9620, TARGET @ 9315 - 9255.