As Nseindia has still not provided the FII data I am discussing the data analysis without using FII Data stats NS closed at 6019 after making high of 6065 and low of 6008. Nifty bounced from our support level of 6000 as discussed yesterday. Nifty is holding 6000 with terrible breadth, Few stocks like Infy,… Read More »
HDIL HDIL lead the carnage for Mid caps for 3 days in row. Stock is down 30% in last 3 trading sessions, as seen in chart below. It all started with HDIL VP selling 1 % promoter stake on Tuesday with deal valuing 57 cores. Market participants are thinking company is going bankrupt, VP has… Read More »
I’ve heard from many traders that they often take decisions based on instincts. Actually, all non-quants use intuition in some form or another. If you are not using a program that takes all signals that your system produces, how do you decide between several equally good looking trading setups with similar risk to reward? Do… Read More »
Larsen and Tubro LT will be coming out with its results today.Stock has formed a DOJI pattern yesterday with support coming at long term support trendline at 1545, but on flip side stock is trading below its important moving average. Today result will give the jury out on further moves of the stock. Buy above… Read More »
1. FIIs sold 10055 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 297 cores with net Open Interest decreasing by 2085 contracts.Want to Learn Option Strategy to trade in Sideways market with Bullish Bias http://bit.ly/WssDmb 2. As CNX Nifty Future was up by 8 points with Open Interest in Index Futures… Read More »
The Bull Ratio Spread could be called as a variation of the Bull Call Spread. Here we expect the stock/commodity/forex to move sideways to slightly higher. The Position is created by purchasing a call (preferably At-the-money or slightly Out-of-the-money) and selling more than one calls at a higher strike price in a ratio of 1:2… Read More »
HUL HUL we have covered 2 weeks before the results came and clearly indicated below 100 DMA stock will continue its fall till 470. Stock achieved target yesterday. Drawing Fibo Fans it seems stock has formed short term bottom if 462 is not broken on weekly closing basis. Buy above 484 Tgt 489,495 and 500… Read More »
1. FIIs sold 1132 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 33 cores with net Open Interest decreasing by 3610 contracts.Are you a professional stock trader ? http://bit.ly/Wajuk7 2. As CNX Nifty Future was down by 34 points with Open Interest in Index Futures decreasing by 3610 so FIIs again… Read More »
Many traders who trade in Forex,Gold and Crude can use Broco Software trading platform to get these charts free. Broco is providing a demo trading account software for Forex, World Indices and commodities, Stocks. How to access and use the Utility Download Broco Software By Clicking on the Link. Register for the Demo… Read More »
“Two of the cardinal sins of trading—giving losses too much rope and taking profits prematurely—are both attempts to make current positions more likely to succeed, to the severe detriment of long-term performance.” -William Eckhardt PFC PFC has been trading in a range from 202-213 from past 4 weeks. Stock is trading at upper band of… Read More »