Bank Nifty Bank Nifty will face litmus test today.200 SMA @9466 High till now is 9455. Bank Nifty was a good short in opening but i was unable to update timely. Sell below 9721 Tgt 9698 and 9634 Reliance Industries RIL moved above 100 SMA@792 in morning and made a move till 812… Read More »
One Nation, One Vision, One Identity “No Nation is Perfect, it needs to be made perfect.” Meri Pehchaan Mera India Happy Republic Day. Below is my Interpretation of FII OI data Sheet for 25-Jan-12. 1. FII sold 887 Contracts in NF worth 14.64 Cores in Index Futures with Open Interest decreasing by 273257 contracts.… Read More »
Below is my Interpretation of FII OI data Sheet for 24-Jan-11. 1. FII bought 6911 Contracts in NF worth 184.64 Cores in Index Futures with Open Interest increasing by 33701 contracts. 2. As Nifty Future was up by 70 points and OI has increased today, with rise in price so FII have created fresh longs … Read More »
The very successful traders have a great attitude about losing. They know it’s going to happen. They don’t take it personally. If anything, they try to find learning experiences from losses. Elsewhere I have written about how good traders view a losing trade as “paying for information”. A trade with an edge that doesn’t go… Read More »
Below is my Interpretation of FII OI data Sheet for 23-Jan-11. 1. FII bought 12617 Contracts in NF worth 323.46 Cores in Index Futures with Open Interest increasing by 27063 contracts. 2. As Nifty Future was up by 3 points and OI has increased today, with rise in price so FII have created fresh longs… Read More »
Reliance Industries RIL declared a pretty bad set of numbers and Ambani known for there shrewd business tactics covered the bad result goof up with Buy back with a max price at 870. So When Promoters itself do not consider the current valur of company more than 870 as per current business scenario. To add… Read More »
2012 started with a bearish noises all around and traders shorting stocks index on every rise. Investors were not deploying cash thinking of getting stocks at more lower levels. But market always move against the mass psychology and its Proved TRUE yes again. Nifty is up 9.2% in January 2012 Till date.In fact, this is… Read More »
An avaricious or keen desire for profits is one of the most prevalent causes of failure in speculation. This weakness is general among traders. They desire “just a little more ” profit. If the stock or commodity bought advances, then that’s proof to them that it will advance further and so they hang on. They… Read More »
Below is my Interpretation of FII OI data Sheet for 19-Jan-11. 1. FII bought 45614 Contracts in NF worth 1133 Cores in Index Futures with Open Interest increasing by 30362 contracts. 2. As Nifty Future was up by 64 points and OI has increased today, with rise in price so FII have created fresh longs… Read More »
AXIS Bank Axis bank took support at its 930 which is 50 SMA and bottom of the channel. Volumes were low on a down day. Now there are 2 distinct possibility 1. Break 50 SMA and correction till 20 SMA 2. Bounce from channel low and move towards 100 SMA Buy above 954 Tgt… Read More »