Below is my Interpretation of FII OI data Sheet for 14 Dec. 1. FII sold 13409 Contracts in NF worth 311 Cores in Index Futures with Open Interest increasing by 32527 contracts. 2. As NF was down by 48 points with Open Interest increase by FII . Rise in OI with fall in price means… Read More »
I believe that one of the most important qualifications for a successful trader is “POISE”, which to me is defined as stability, a well balanced person with dignity of manner – as it relates to the stock market.A poised person is a person who can handle their hopes and their fears in a calm manner.… Read More »
Below is my Interpretation of FII OI data Sheet for 13 Dec. 1. FII sold 22198 Contracts in NF worth 507 Cores in Index Futures with Open Interest decreasing by 2130 contracts. 2. FII avg buy was at 4704 and avg sell was at 4672 whih was below todays range of 4731-4840 NF means… Read More »
We all need to be disciplined along with using good money and risk management skills, yet too much of anything can cause problems. Sometimes we put so much attention on caution to ensure that we only make good trades that we reduce our actions to the point that we miss so many strong trading opportunities.… Read More »
Below is my Interpretation of FII OI data Sheet for 12 Dec. 1. FII sold 10,778 Contracts in NF worth 235 Cores in Index Futures with Open Interest Increasing by 28474 contracts after the disastrous IIP data which came. 2. FII has added shorts as the volume tick in morning came at… Read More »
When putting on a trade, enter it as if it has the potential to be the biggest trade of the year. Don’t enter a trade until it has been well thought out, a campaign has been devised for adding to the trade, and contingency plans set for exiting the trade. Bajaj Auto Bajaj Auto… Read More »
Nifty was down 3.8% during the week after the government lowered the full year Gross Domestic Product (GDP) growth target below 8% worst in past 4 years also acknowledged that meeting the fiscal target would also prove to be a challenge and it will get to atleast 5.4% instead of 4.5%. The deepening debt crisis… Read More »
Today Nifty opened Gap Down and than continued its downtrend till it reached the 4842 levels set up a panic bottom than a pullback and than again a decline before closing hours.How many traders blindly shorted at open levels and end up in losses and How many must be averaging there longs at 5100-5000 levels… Read More »
Nifty had a rough ride yesterday which can be attributed to various reasons 1. Indian FM comments that Fiscal defcit is way out of control 2. Paralyses of Govt at Delhi with economic reforms coming to standstill 3. BJP now tested blood forcing govt to rollback the FDI in retail is now again not… Read More »
Bank Nifty Bank Nifty is unable to close above 9200 which is short term resistance signifying selling pressure is coming. Fresh longs shall be taken above 9275 only.Bank Nifty on lower level have support at 8940. Shorts can be taken below 9130. Sell below 9130 Tgt 9054,8975 and 8938 Buy above 9175 Tgt 9273,9333… Read More »