Friday, July 8, 2011

Nifty reverses after a "Five" with negative divergences.



2 comments:

K7 said...

Hi Friends,

I could see the US market events are well planned / documented / communicated (please see the below text for coming week events) and being shared in advance. These events management is something is missing in India.

Most of the time we never knows what kind of data comes out and at what times.

Why we are like this and why market regulaters is not doing anything for this?

US is devolped country and we are not. Is this the answer.

Please share your views. Thanks

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Washington events for July 11 - 15
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Monday, July 11
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10 a.m.: Conference Board Employment Trend Index for June, released by the Conference Board.


Tuesday, July 12
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7:30 a.m.: NFIB small business index for June, released by the National Federation of Independent Business.

8:30 a.m.: Trade balance for May, released by the Commerce Department.

10 a.m.: Job openings for May, released by the Labor Department.

10 a.m.: Health and Human Services Secretary Kathleen Sebelius testifies on Medicare’s new Independent Payment Advisory Board, at the House Budget Committee.

10 a.m.: Hearing on enhanced investor protection after the financial crisis, at the Senate Banking Committee.

2 p.m.: Federal Reserve Board releases minutes of its Federal Open Market Committee meeting on June 21-22.

Wednesday, July 13
--------------------
8:30 a.m.: Import price index for June, released by the Commerce Department.

10 a.m.: Federal Reserve Board Chairman Ben Bernanke testifies on the economy and monetary policy, in his semiannual report to Congress, at the House Financial Services Committee.

10 a.m.: The chief actuaries of Medicare and Social Security testify on the sustainability of the health and retirement security programs, at the House Budget Committee.

10 a.m.: Hearing on to examine reports of unauthorized charges, commonly referred to as “cramming,” being placed on landline phones, at the Senate Commerce Committee.

2 p.m.: Federal budget for June, released by the Treasury Department.

2 p.m.: Hearing on mortgage origination, and the impact of recent changes on homeowners and businesses, at the House Financial Services subcommittee on Insurance, Housing and Community Opportunity.

Thursday, July 14
-----------------
8:30 a.m.: Producer price index for June, released by the Labor Department.

10 a.m.: Business inventories for May, released by the Commerce Department.

10 a.m.: Fed Chairman Bernanke testifies on the economy and monetary policy, at the Senate Banking Committee.

10 a.m.: Hearing on investing in nanotechnology and the impact on manufacturing and job creation, at the Senate Commerce subcommittee on Science and Space.


Friday, July 15
----------------
8:30 a.m.: Consumer prices index for June, released by the Labor Department.

8:30 a.m.: Empire State Index on manufacturing activity in the New York area in July, released by the New York Federal Reserve.

9:15 a.m.: Industrial production and capacity utilization for June, released by the Federal Reserve.

9:55 a.m.: Consumer sentiment for July, released by UMich/Reuters.

San said...

All three major indices (Nifty, Bank Nifty and CNX IT) gave bearish candlestics from its 200 Day Moving average: CLICK HERE

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