Tata Steel Tata Steel came with a bad set of numbers and sold off on friday. Stock is near its trendline support of 384. Buy above 391 Tgt 394,397 and 400 Sell below 380 Tgt 376,371 and 365 IDFC IDFC has taken support at 20 DMA and holding 158 can see further declines till… Read More »
Wishing all Site readers a Happy and prosperous Diwali. Last year has been profitable to Indian Equities with Nifty up 8% since last Mahurat trading sessions and Index is up 20% Year till date.There is optimism in the air with the Sensex up 8 per cent since last Muhurat trading day. Trading will be subdued… Read More »
Nifty Fibonacci Retracement Nifty Fibonacci Retracements from 5585-5777 are drawn in above chart,Major support at 50% retracement at 5680 and Resistance at 5703. 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 swing… Read More »
Monday, November 12 US Economics (Time Zone: EDT) No major reports – US bank holiday Global Economics (Time Zone: GMT) 00:30 AUD Home Loans 06:00 JPY Machine Tool Orders Tuesday, November 13 US Economics (Time Zone: EDT) 07:30 NFIB Small Business Optimism – consensus 92.8, prior 92.8 10:00 IBD/TIPP Economic Optimism – consensus 54.0, prior… Read More »
One of the most common things new traders want to learn is what steps they need to follow and how much time it will take them to become successful traders. Naturally, the answers to these questions are extremely varied and it will depend on how they want to become successful and what they perceive as… Read More »
A true piece of wisdom. In my experience when I trade well it is like shooting fish in a barrel. Almost everything works. I don’t need to be overly patient with positions. The money comes in very fast. That’s exactly how trading should be. The exact opposite was the case during the first 2 months… Read More »
1. FII sold 14466 Contracts of Index Future,worth 392 cores with net OI decreasing by 9502 contracts. 2. As Nifty Future was down by 28 points with Open Interest in Index Futures decreased by 9502, so FII booked profits in longs created in Nifty and Bank Nifty Futures. 3. NS closed at 5739 after making… Read More »
Please answer the below mentioned questionnaire and be true to yourself Are you prepared for trading? Ask yourself the following questions: 1. Do I treat my trading/investing like a business? Have I prepared for it the way I would for a business? 2. Do I have a business plan—a working document to guide my trading… Read More »
Traders who need to make money “right now” will trade more aggressively not realizing that the market will do what it wants when it wants regardless of the sand left in the hour glass. I don’t know about others but I would much rather chase three turtles than one rabbit any day. Slow and steady… Read More »
It seems like only last night everyone was celebrating more hope, if not much change. Now comes the hangover. The Dow Jones intraday drop is now 2.23% (and rising), greater than the biggest drop so far in 2012 record on June 1. The last time the market plunged as much: literally one year ago, or… Read More »