The Grind down continues, Nifty made a high of 5258 and low of 5169 a range of just 89 points from the whole week. Trading sideways market is the most difficult part as a trader, As every time it moves near the upper or lower band many traders buy or sell in anticipation of breakout… Read More »
Compiled Article from Market Wizards Michael Marcus “The best trades are the ones in which you have all three things going for you: fundamentals, technicals, and market tone. First, the fundamentals should suggest that there is an imbalance of supply and demand, which could result in a major move. Second, the chart must show that… Read More »
1. FII bought 28000 Contracts of NF ,worth 654 cores with net OI increasing by 33352 contracts. 2. As Nifty Future was up by 33 points and OI has increased by 33352 contracts means FII have created fresh longs in NF as we have been discussing from past 2 days. Let me add here some… Read More »
Be aware of what is going on in your mind, body and feelings. Slipping into an internal focus seems automatic because we aren’t fully aware of it as it is happening. Being aware of what the mind is saying and how we are feeling is the first important step in mental toughness. You can catch… Read More »
The unending list of super hit melodies which u have left will always make us remember u RIP The ultimate superstar Rajesh Khanna Yesterday we has discussed going by History Nifty will not fill the gap from 5189-5150 and can give us the whipsaw move to trap shorts. As always Market move in a direction… Read More »
Commit to high value actions regardless of how you feel. This means being willing to accept unwanted thoughts and feelings because trading well is more important than feeling good. Maintaining an external focus and initiating positive trading actions may not be easy when feeling down, but it’s certainly not impossible. Like all skills, it takes… Read More »
Another Fry day with Nifty stuck in range, Opened Gap up consolidated in 20 points range and finally gave up all gains and filled the gap and closed for 4 days in a row in red. Tomorrow being 5 day which is a Fibo number,hence probability of a green closing have increased.This move in Nifty… Read More »
Bank Nifty Bank Nifty is consolidating the upper end of channel and today Axis bank results can either make or break the trendline on closing basis.Nifty has broken the 20 DMA but bank nifty is still trading above it showing the bullish strength bank nifty is showing. Buy above 10604 Tgt 1065610692 and 10744… Read More »
Inflation cooled to 7.25% which is welcome news for market as it raises the Hope for RBI to cut rates.From Macro perceptive Monsoon is current overhang for the market, any shortfall in rains can again see the food prices spiraling ahead and putting weight on inflation. 1. FII bought 1258 Contracts of NF ,worth… Read More »
The Grinding down continues,Nifty Opens trades in narrow range in better half of the day and some range expansion is seen in the last hour of the day. Ranges are quiet small such consolidation are precursor for directional trending moves ahead. Trade in less quantity and wait for market to show the direction. … Read More »