Education plays an important role in shaping the way traders think about trading. A formal business education can give you an edge in understanding the economy and the market in general–but it is no guarantee of success in trading. Most of the information you learned in a formal college setting will not give you the… Read More »
King of D-Street finally woke up from long slumber and fired 6% at a shot. I am talking about Reliance Industries. It broke above 751 and made a high of 789. RIL going in such a fashion after almost 3 years and give us some intuition of big moves coming in Nifty. This is still… Read More »
1. FII sold 14453 Contracts of NF ,worth 348 cores with net OI increasing by 5075 contracts. 2. As Nifty Future was down by 5 points and OI has increased by 5075 contracts means FII have done partial profit booking in longs still no evidence of shorts getting added at higher levels, as NF… Read More »
World markets had a hell of ride last week, Am talking in particular of Spain,Italy and peripheral Europe market,For instance Spanish market were down 8% intraday after Mr Darghi spooked the financial market, on Friday Spanish market was up by 5% again so things are getting highly volatile. Euro as a currency made a swing… Read More »
This is part of the all-important–but sometimes overlooked–aspect of “trading psychology.” I will admit that when I first got into this fascinating business, I was skeptical of the whole “trader psychology” thing. My main concern at that time was learning as much about markets and technical analysis as I could–and my trading mentality or psychology… Read More »
US Fed Disappointed, ECB disappointed Market Reaction after Draghi speech – http://bit.ly/OLjrY5. Draghi has asked the Spain to come with a formal bailout request and Spain Index IBX is down 8% from highs of day. EU is down between 2-3% from highs of the day. So what shall we expect out of Nifty, Will Nifty… Read More »
As Draghi began to speak the EUR rallied, EGBs rallied and ES rallied – last minute hopiness wrung out of the system, but as soon as he explained that his plan to promise a plan which plans to promise a solution was nothing but another promise and not an actual plan, so everything reversed. S&P futures… Read More »
Reliance Industries Reliance is near its resistance of 751 breakout of the same will lead to 762-764 levels Buy above 751 Tgt 757,761 and 764 Reliance Capital Rel Capital closed above crucial 200 DMA stock has broken out of channel. Buy above 346 Tgt 348,351 and 354 SCI SCI has formed 3 white… Read More »
All Eyes on US Fed will he deliver another QE3 more liquidity to Financial markets or he just sit tight for situation to get worse. QE1 and QE 2 have done nothing till date What will QE3 do ? Readers views are invited. 1. FII sold 1048 Contracts of NF ,worth 59 cores with… Read More »
Reliance Infra Rel Infra is breaking an Important resistance zone of 506,Break of same will lead the upmove till 531 Buy above 506 Tgt 510,514,525 and 531 RCOM RCom after a waterfall decline stock is forming a base formation and a trading range between 53.4 – 57.4. Mass psychology for the stock is quiet… Read More »