1. FII bought 3551 Contracts of Index Futures worth 96 cores OI increased by 38185. 2. As Nifty Futures was up by 52 points with OI increased by38185 , Huge Short were covered by FII. 3. INR closed at new low of 55.14, which also contributed to Bullish bias today,NS has 11 Points gaps which… Read More »
1. FII sold 16696 Contracts of Index Futures worth 398 cores OI increased by 2162. 2. As Nifty Futures was up by 6 points with OI increased by2162 , Short were covered by FII. 3. INR closed at new low of 55.57, So at last Fall in USD after 7 days of strength. 4.Nifty is… Read More »
If you like basketball, you can think of each trade as but one point in a game, and each trading day as but one game in a series. If you like tennis, for goodness sake don’t think of each trade as match point. In other words, realize that your trading is truly a series of… Read More »
Nifty halted its down move, made a low of 4803 but outperformed BRIC as we are up 0.6% WoW basis. Last week as we discussed below 4898 trend remain bearish and Nifty made a low of 4803 high of 4934.Click Here to Read the Previous Week Analysis INR made a life time low of 56.3… Read More »
Introduction The pivot point is the level at which the market direction changes for the day. Pivot Point trading is the most basic in trading and lots of traders use this so market finds support and resistance at Pivot Levels. Pivot Points are support and resistance levels that are calculated using the open, high, low,… Read More »
1. Anger over a losing trade – Traders usually feel as if they are victims of the market. This is usually because they either 1) care too much about the trade and/or 2) have unrealistic expectations. They seek approval from the markets, something the markets cannot provide. 2. Trading too much – Traders that do this have… Read More »
Bank Nifty Bank NIfty is facing trendline resistance at 9464 crossing above it Litmus test will come at 200 DMA@9612. So today being friday last 2 hours of trading is crucial in Bank Nifty. Sell below 9365 TGt 9295,9253,9157 and 9101 Buy above 9465 TGt 9534,9612 and 9700 Delta Corp Delta Corp facing moving… Read More »
Bulls gave a Knockout punch today to bears and in one instance closed above 4900 . Does it change the trend. My analysis show till its below 4960 Bears still have upper hand,Bear market rallies are sharp furious and short lived. Above 4960 Bulls will get upper hand . Expiry is 5 days away… Read More »
SBIN SBIN is facing resistance at 1980,Break of 1980 can take it back to 2040.On downside break of 1920 will lead to unwinding of longs Sell below 1920 TGt 1896,1872 and 1844 Buy above 1980 Tgt 2003,2032 and 2069 TCS TCS has done nothing in may series and is one of the main reason… Read More »
Today we had the Steepest rise in Petrol Prices Rs 7.50,Quantum of Hike will lead to inflation as price of essential goods will rise and whole brunt will be borne by Common Man!!. For Stock Market Perceptive its negative for Auto Stocks, Bank Stocks (as Further rate hikes will not be done) ,Infra Stocks and… Read More »