Learning to accept losses as part of the game and cutting them short is the single most important step towards becoming consistently profitable. It sounds simple, but in reality is extremely difficult for everybody. Why? Because we’ve been taught that giving up is for losers and we should fight till last breath. I certainly agree that you should not… Read More »
Below is my Interpretation of FII OI data Sheet for 07-Mar-12. Wishing all Blog Readers a Happy Holi. 1. FII sold 28305 Contracts of NF worth 742 cores OI also decreasing by 18059 contracts. 2. As Nifty Futures was up by 8 points and OI has decreased by 18059 contracts means profit booking on shorts… Read More »
Below is my Interpretation of FII OI data Sheet for 06-Mar-12. What a wonderful day for Day Traders, Whole months of profits could have been made in a single day. Nifty Futures made a swing of 196 points and if someone would have just followed 5287 (SAR Level) trader would have made decent profits. At… Read More »
Below is my Interpretation of FII OI data Sheet for 05-Mar-12. Tomorrow we will have the UP election results which will be watched quiet closely by Nifty for further triggers. Lets discuss few probable outcomes and thier impact on markets. We have 4 Major Parties :SP,Congress,BJP and BSP . I have assumed the best,worst… Read More »
Axis Bank Axis has formed a DOJI pattern with a close below 20EMA. Supply is coming from upper trendline. Sell below 1144 Tgt 1132,1120 and 1108 Buy above 1174 Tgt 1190,1210 and 1220 Bank Nifty Taking Support at trendline as shown in above chart.Break and close below 10160 will add to short term bearishness.… Read More »
The Week gone by had bout of volatility with Nifty closing below 1.3% WoW basis. Last week market was a range bound volatile moves with loads of Intraday volatility. After Dull Jan and Feb months March promises to be a volatile month where money can be made on both sides. Its an eventful month with… Read More »
A compilation of Trading Quotes which will be helpful to control your emotions during trading. Read them Daily before markets starts Belive me it will helpful in removing the mental blockade which you experience during your trading. An avaricious or keen desire for profits is one of the most prevalent causes of failure in… Read More »
Below is my Interpretation of FII OI data Sheet for 01-Mar-12. 1. FII sold 13465 Contracts of NF worth 351.60 cores OI also decreasing by 13253 contracts. 2. As Nifty Futures was down by 49 points and OI has decreased by 13253 contracts means profit booking on shorts which were created yesterday,Also we are seeing… Read More »
Bank Nifty Bank Nifty has been trading in a downward channel ,yesterday was unable to cross the channel top marked in red line. Bank Nifty has closed below 20 SMA also signalling selling coming on higher levels.Bank Nifty is also trading with 150 points premium 🙂 Buy above 10474 Tgt 10561,10667 and 10759 Sell… Read More »
Below is my Interpretation of FII OI data Sheet for 29-Feb-12. 1. FII sold 6170 Contracts of NF worth 157 cores OI also increasing by 10790 contracts. 2. As Nifty Futures was down by 2 points and OI has increased by 10790 contracts means shorts were added into the system.Why I say because NF sold… Read More »