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 »
Reliance Industries Q2 Results Highlight After staying out for three consecutive quarters RILBSE 0.53 % once again crossed the $1 billion net profit per quarter mark in the September 2012 quarter. The net profit of Rs 5,376 crore was more or less in line with the street expectations, but a large support from other income… Read More »
Infosys Results were as per market expectation but future growth remains a point of concern and market thrashed the stock, HDFC results were good with NPA coming down lets see market rreaction today. We have Inflation data coming for September today and its the data after diesel price hike so will be keenly watched. Also… Read More »
In any particular trade you never really know how far prices will travel from any given point. If you never really know where the market may stop, it is very easy to believe there are no limits to how much you can make on any given trade. From a psychological perspective this characteristic will allow… Read More »
Nifty Hourly Chart Nifty Hourly chart took resistance at 50 Hourly SMA at 5700, Till 5700 is not crossed on hourly basis nifty will be under selling pressure. Nifty Gaps Gaps formation in Nifty Daily chart pattern, 7 gaps in the range of 5077-5600. Do note the GAP formed from 5435-5526 was Breakaway Gap 5043-5077… Read More »