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 »
1. FII bought 8788 Contracts of Index Future,worth 228.74 cores with net OI increasing by 15070 contracts. 2. As Nifty Future was down by 75 points and Open Interest in Index Futures increased by 15070,so FII have taken shorts in Nifty and Bank Nifty Futures. 3. NS closed at 5676 and broke the previous swing… Read More »
1. FII sold 20475 Contracts of Index Future,worth 616 cores with net OI increasing by 26859 contracts. 2. As Nifty Future was up by 49 points and Open Interest in Index Futures increased by 26859,so FII have taken shorts in Nifty and Bank Nifty Futures.Big Bang Reform as discussed in last thursday turn out to… Read More »
Successful traders accept and expect losses. Losses are endemic to trading; they are the cost of doing business. The consistently successful trader accepts deep in his heart that his winnings will be tempered with inevitable loss. But the trader anticipates his ultimate triumph because he has structured the probabilities in his favor”.-LBR “To be a… Read More »
Flash Crash Nifty has been dramatic and opens a can of worms on how vulnerable are capital markets to human error where a dealer punching a wrong number can lead to a900 point fall in Nifty and a algorithm going berserk can cause a 440Millon $ loss to Knight capital in US (Happened on 22… Read More »
Everything was going right in favor of Bulls Government doing big bang reforms, FII whose bags are flusehed with liquidity by ECB and Fed are bullish on india and Buying heavily and Nifty trading at 18 months high. But it took a single trade to give a blow to sentiment, Friday 05 Oct 2012 will… Read More »
Afraid of “pulling the trigger” – This usually means that the trader does not have a system or approach already in place. They have not calculated risk/reward and many times, these trades are unplanned. This also comes after a string of losses. They don’t want to be “wrong again”. There is no trust from within and… Read More »
Indian Government has unleashed second wave of Big Bang Reform 2:Cabinet clears FDI in insurance, pension sector http://bit.ly/PYLlzI . Nifty had already had an inkling about this and the reason After showing seven sessions of small range trading sessions which we discussed yesterday consolidation with positive bias , Nifty finally staged upside breakout of the… Read More »
New Delhi: Determined to prove the economy is in turn-around mode, the Cabinet has cleared a new installment of big-bang reforms. The plan is to allow more Foreign Direct Investment or FDI in the pension and insurance sectors. What the cabinet approved: Raising the cap on FDI in insurance from 26% to 49%, and… Read More »
Bruce Stanley Kovner is the founder and Chairman of Caxton Associates, a hedge fund that trades a global macro strategy and is considered amongst the worlds top and largest 10 hedge funds with an estimated $14 billion under management . In March 2011, Kovner had an estimated net worth of around $4.5 billion On protecting… Read More »