Nifty Fibo Retracement Nifty Fibonacci Retracements from 5217-5815 are drawn in above chart,Major support at 61.8% Golden ratio at 5585 and Resistance at 5687 Nifty Fibonacci Fans As discussed earlier Fibo Fans helps in finding potential tops and Bottom of market from short term prospective. If we see the chart closely Nifty has formed a… Read More »
Trading is Buying and selling securities or commodities on a short-term basis, hoping to make quick profits.You might hear of rags to riches stories or traders boasting about the money they made in a trade. Its am exciting business but the fact is only 5% of traders are able to make money on a consistent… Read More »
Anyone who enters the financial markets expecting to be right on most of their trades is in for a rude awakening. If you think about it, it’s a lot like hitting a Four runs in Cricket — the best players only get hits 30 to 40% of the time. But a good player knows that… Read More »
1. FII bought 2056 Contracts of Index Future,worth 35.7 cores with net OI increasing by 23632 contracts. 2. As Nifty Future was up by 67 points and Open Interest in Index Futures increased by 23632,so FII again took longs in longs of Nifty Future and Bank Nifty and covered shorts. 3. NS closed at 5717… Read More »
There are many unnatural things that happen to a market. But underlying it wants to find participation equilibrium. It means cutting out the weakest leading the strong lower and allowing the few to pull everything higher. The problem is cycles are getting shorter and power is not as concentrated. If you are confused, imagine how… Read More »
In a narrow market, when prices are not getting anywhere to speak of but move within a narrow range, there is no sense in trying to anticipate what the next big movement is going to be up or down. The thing is to do is to watch the market, read the tape to determine the… Read More »
While trading is a game of math, probabilities, charts, and earnings it is also a mind game. Many times a trader’s beliefs will determine their success more than anything else. All traders start out believing it is possible to make money in the markets. Many want to earn their living one day by trading. However… Read More »
1. FII sold 4693 Contracts of Index Future,worth 133 cores with net OI decreasing by 12451 contracts. 2. As Nifty Future was down by 51 points and Open Interest in Index Futures decreased by 12451,so FII booked profits in longs of Nifty Future and Bank Nifty.Zoom in from start of October Series FII net Open… Read More »
Don’t take action with a trade until the market, itself, confirms your opinion. Being a little late in a trade is insurance that your opinion is correct. In other words, don’t be an impatient trader. Axis Bank Axis Bank came with good set of number. Stock took support at crucial level of 1110 which shows… Read More »
Reliance Results should bring some cheers to Dalal Street Bulls tomorrow. Click on Link to see RIL and Axis bank Q2 Results 1. FII bought 12999 Contracts of Index Future,worth 284.17 cores with net OI increasing by 4067 contracts. 2. As Nifty Future was up by 16 points and Open Interest in Index Futures increased… Read More »