Monday, August 2, 2010

No need to wait

In 'earlier' days on a trading day, Indian traders wait for the Singapore Futures exchange to open at 7 AM IST when the first rates of the Nifty on SGX were available.

Now, thanks to 22 hour trading on the CME, you can get this information earlier. On Sunday, the CME had the last price at 5378 while trading was closed. Today, Monday morning at 6:40 AM , the CME is trading with the Nifty quoted at 5393. As time goes by, the ability to trade 22 hours will give an immense advantage to non-indian traders.

KK asks: "WHAT IS THE DIFFERENCE BETWEEN A MEMBER SOCIETY AND A DEVELOPING SOCIETY OF IFTA?"

My Notes: When a society takes a membership of IFTA , for two years it is given the status of developing society when it is exempt from payment of membership fees and also does not enjoy voting rights. After two years, it become a full member. The Association of Technical Analysts, India is currently a developing society. We have completed one year.

NIFTY

The Nifty seems to be entering a period of some kind of correction. Here is a slide show setup for our subscribers which explains why we think so.

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