Larsen and Tubro LT will be coming today with its results Stock is at its breakout or breakdown level. Buy above 1144 Tgt 1161,1184 and 1209 Sell below 1119 Tgt 1100,1076 and 1060 Hindalco Industries Hindalco Industries is near its short term bottom of 111. Sell below 111 Tgt 109.7,106.7 and 105 Bombay Dyeing… Read More »
Below is my FII interpretation for FII datasheet for 14 May 1. FII sold 16809 Contracts of NF worth 379 cores OI increased by 38191. 2. As Nifty Futures was down by 35 points and OI has increased by 38191 , which signify more shorts have entered the system. 3. Nifty has closed below 5000… Read More »
As discussed in last week analysis Nifty Technical Structure look weak and Nifty corrected and closed below 200 DMA on a Weekly Closing basis. GAAR has been delayed by 1 Year and we got a news based rally which got sold into showing the supremacy of Technical Analysis.Last Week we shorted below trend deciding level… Read More »
Trading is always a high return high risk game and it needs nimble trading approach with tons of discipline. Traders say its the Big traders who move the market and we end up making loss. Well i do not buy this reasoning. The most Important part in trading is trading discipline and trading system(Throughly… Read More »
Systems don’t need to be changed. The trick is for a trader to develop a system with which he is compatible. I don’t think traders can follow rules for very long unless they reflect their own trading style. Eventually, a breaking point is reached and the trader has to quit or change, or find a… Read More »
Below is my FII interpretation for FII datasheet for 11 May 1. FII sold 3125 Contracts of NF worth 45.54 cores OI increased by 14803. 2. As Nifty Futures was down by 17 points and OI has increased by 14803 , which signify more shorts have entered the system. Yesterday as we pointed out FII… Read More »
Bata India Negative divergence is visible in bata and it has been a strong stock. Unable to cross above 870 is first sign of weakness. Divergene to show it effect bata needs to close below 825. Sell below 825 Tgt 818,809 and 796 Buy above 838 Tgt 847,856 and 866 TCS Double Top Formation in… Read More »
Below is my FII interpretation for FII datasheet for 10 May 1. FII bought 4934 Contracts of NF worth 145 cores OI increased by 7130. 2. As Nifty Futures was down by 22 points and OI has increased by 7130 , which signify more shorts have entered the system. Yesterday as we pointed out FII… Read More »
Nice Article to Understand How Greece Exit will affect Financial market Of all the British newspapers, it’s probably safe to say that the FT most accurately reflects the way of thinking in Europe. It’s certainly not a euro-sceptic paper, so it has no vested interest in presenting things in a more negative light than… Read More »
Bank Nifty Bank Nifty has broken its 200 DMA and closed below it.Only saving Grace for Bulls is downward slopping trendline at 9480 has not been breached. Any fall below 9480 open gates to levels 9300 and 9000 in current week. Sell below 9480 Tgt 9435,9282 and 9038 Buy above 9679 Tgt 9730,9833 and 9924… Read More »