PFC PFC is near its supply zone of 213-215 range. Negative divergence has shown in indicators.Close below 209 which is rising trendline support will confirm the reversal. Buy above 212 Tgt 213,213.9 and 215 Sell below 208.7 Tgt 207 and 205 BHEL BHEL is near its long term trendline resistance of 244. Stock is… Read More »
Nifty gave then Highest Weekly Close in last 104 weeks,Closing comfortably above the sacrosanct level of 6000.Nifty and Sensex after 4 weeks of consolidation phase, finally gave a breakout .US Fiscal deal gave a booster to Bulls round the globe. As per our last week discussion do not try to second guess the market and… Read More »
Fibonacci technique Fib retracements Fibonacci Ratios are drawn in above chart from 5548-6021 showing Fibonacci support and Fibonacci resistance. Close above 6021 will target 6130 and support now exists at 5920 Fibonacci fan As discussed earlier Fibonacci fan helps in finding potential tops and Bottom of market from short term prospective. If we… Read More »
India • Dec Imports & Exports YoY% (10-15 Jan) • Monthly Wholesale Prices (14 Jan) • CPI (YoY) (14 Jan) US • Jan initial jobless claims (10 Jan) • Nov wholesale inventories (10 Jan) • Nov trade balance (11 Jan) India • Dec Imports & Exports YoY% (10-15 Jan) China • Dec Consumer price index… Read More »
Lets try to correlate Stock market with one of the famous childhood story of SIX Blind men and Elephant, Story goes something like this Once upon a time, there were Six blind man. Once They heard someone talking about elephant which make then curious what exactly is an Elephant. To satiate themselves they took a… Read More »
Blind risk is the calling card of laziness: the irrational hope, something for nothing, the cold twist of fate, winning the lottery, etc. Blind risk is the pointless gamble, the emotional decision, or the sucker play. The man who embraces blind risk never wins in the long run. TV 18 Media stocks have been in… Read More »
1. FIIs bought 14480 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 433 cores with net Open Interest increasing by 5018 contracts. 2. As CNX Nifty Future was up by 4 points with Open Interest in Index Futures increasing by 5018, so FIIs have initiated longs in Nifty and Bank Nifty… Read More »
Different shapes and forms. Failure comes in all different shapes and forms. The distance you fall after a failure, time it took to get to the failure,and whether you get back up determines that shape and form. I realize there are a million posts on why failure is important but success is important, especially in trading.… Read More »
When a trade goes against us, it is tempting to find some external source to blame. Identifying a scapegoat may make us feel better in the short term, but we lose the benefit of examining our own decisions and looking for flaws in our thought process. One analogy is plane crashes. Whenever there is a… Read More »
Atlast after 2 years of Wait Finally we saw 6000 Nifty on our Trading screen.Bulls gave a new year gifts to Investors who waited patiently for 2 year.It took almost 25Bilion Dollar of FII investment to reach this level of 6000. Best and Worst Nifty Stocks of 2012 http://bit.ly/Zb06Gq 1. FIIs bought 12610 Contracts of… Read More »