Nifty Future – Nature of Motion - like “7”

Key Support-Resistance level of Nifty Future

 

 

§  First resistance of the day is 9459;

 

§  Crucial support is 8973.

History of Indian Independence and Stock Market

72^nd Independence Day and 143 Years of Stock Market History

INDIA has walked 71 years of its Independence from 69450 days (Approx. 190.27 years, from 23^rd June Thursday 1757 to 15^th August Friday 1947) British rule.

Today’s story is not based on Shining India; we have to go 143 years back. Yes, 1875 AD, native India already past 118 years of British rule.

banyan tree trading

BSE – Seed of Indian Stock Market Journey

The then Viceroy of India was The Lord Northbrook. Then price of Silver was 56 ¾ pence per troy ounce and Rupee exchange rate was 21 ¾ (in pence). Indian population was 256 million.

One native Indian out of 256 million, Premchand Roychand thought some exceptional. He is the founder of BSE (formally known as Bombay Stock Exchange Ltd).

He was the most influential businessman of 19^th century Bombay. The man was known as Cotton-King or Big Bull. Now BSE is oldest stock exchange of Asia and ranks 10^th position globally with a market capitalization of over 1.6 trillion.

BSE

On 31^st August 1957, the BSE become the FIRST stock exchange recognize by Government of India under the security and contract regulation act. In 1980, the exchange was move to Jeejeeybhoy Tower, Dalal Street.

The benchmark Index SENSEX was first complied in 1986. Since 1^st September 2003, the 30 share barometer is being calculated on a free float market capitalization methodology.

NSE – The Main Root of Indian Stock Market

The National Stock Exchange (NSE) is the leading stock exchange in India. And the fourth largest in the world by equity trading volume in 2015, according to the World Federation Of Exchange (WFE). It began operation in 1994.

NSE launched electronic screen-based trading in 1994, derivative trading (in the form of FNO) and internet trading at 2000.

NSE

Some steps which NSE has taken to make it up-to-date and more competitive. NSE sings Post – Trade Technology and Strategic Partnership Agreement with NASDAQ.

Announces launch of Tri-Party Repo on Corporate Debt Securities. NSE become the first Indian exchange to be part 30 exempted by Commodity Future Trading Commission (CFTC), enable to access US clients.

Introduce of Cross Currency Derivative contracts on EURO-USD, GBP-USD and USD-JPY.

This year NSE celebrating 25 years of it’s’ journey.

FII – The Golden Path for Indian Stock Market

FII

In the year 1992, the Foreign Institutional Investors were allowed for the first time to invest in Indian equity market directly. Just after the historic economic liberalization, India seemed to be an attractive destination for the foreign investors. 
Since then, Indian stock market, to a large extent, have been fueled by the FII.

Harshad Mehta – Fist Black patch Indian Stock Market

In the early 1990s the men become the biggest stock market operator on the Dalal Street. The scam amount was nearly 5000 crore.

Mehta manipulated market by heavy buying with borrow money which was siphoned from Nationalized Banks. After the scam discovered BSE was close by one month.

SCAM

Byrraju Ramalinga Raju – Big Scammer

Raju resigned from the Satyam board after admitting to falsifying revenues, margings and over ₹ 5,000 crore of cash balance as the company.

The Indian affiliate of PricewaterhouseCoopers, the company’s auditors, appears to have certified the company had USD 1.1 Billion in cash when the real number was USD 78 million.

Double Upper Circuit – Nifty jumped 28% within 2 Sessions

JUMP

On 15^th May Friday’2009, Nifty Future low was 3625. on 18^th May Monday’2009 at 09:45 am Nifty Future opened at increased 10% within 60 second, after one hours of closing NSE open again, then Nifty Future jump by 5% within few second of opening.

According SEBI guideline market was shouting down for the day. On the next day Nifty Future made high 4620, total gain was 995 points in two trading sessions.

Present Day – Sensex, Nifty are making life time high

Life Time High

Sensex made life time high 38076.23, where Nifty 50 made life time high 11495.95 on 8^th August 2018. And Nifty Future made lifetime high at 11504.25 on 9^th August 2018.

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Source:

(i)                   B.E. Dadachanji. History of Indian Currency and Exchange, 3rd enlarged ed.

(ii)                 Bombay Stock Exchange

(iii)                National Stock Exchange

(iv)               The Hindu Achieve

(v)                 The Calcutta Gadget