FIIs bought 27134 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 784 cores with net Open Interest decreasing by 5034 contracts. FII continued with short covering today, but still no sign of fresh longs.Accepting Loss in trading Nifty continued with its rally, and closed above 50 DMA @5770 which it was… Read More »
As expected last week, Indian market gained on sharp decline in commodity prices, esp. that of crude oil, which fell less than $100 a barrel (Brent). Higher than expected decline in inflation for the month of March, 2013 to 5.96 percent also aided higher rate cut expectations in the market, which led to sharp rally… Read More »
Some describe trading as purely based on “LUCK” , “Tukka marna” as we call it in Hindi, but from my perceptive trading is all about “Skills” . Skills take time to develop. Take an Example of Engineer, To get an Engineering degree a student has to study for 6 years ( 2 Years for entrance… Read More »
Gold 4 Hour Chart As per 4 Hour charts gold took support at 50% retracement at 1325 and bounced back. Gold is unable to cross the 34 Hour EMA@1424 and has pulled back again. Till 1427 is not broken gold will remain as Sell on rise structure.Intraday players can use the below mentioned levels. Buy… Read More »
Last Week we discussed Trading using Stochastic This week we will focus on learning new Indicator Force Index. Introduction The Force Index is developed by Trading for a Living fame author Alexander Elder , is an oscillator that measures the force of bulls behind particular market rallies and of bears behind every market correction.According to Elder, there… Read More »
Lesson Number One: Cut your losses quickly. As soon as a trade is contemplated, a trader must know at what point in time he’ll be proven wrong and exit a position. If a trader doesn’t know his exit before he takes the entry, he might as well go to the racetrack or casino where at… Read More »
NSE Trading Holidays NSE Clearing Holidays
IDFC IDFC has been trading in small range of 140-156 from past 10 trading sessions, Stock has reached the upper end of trading range and pullback should be expected. Sell below 152.5 Tgt 151.1,149.4 and 146 SL 154 Buy above 156 Tgt 157.4,158.8 and 160 SL 154 Tata Motors Tata Motors bounced from the lower… Read More »
FIIs bought 14142Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 407 cores with net Open Interest decreasing by 8148 contracts. FII continued with short covering today, but still no sign of fresh longs.Accepting Loss in trading Nifty After rallying for three consecutive trading sessions, the Nifty took a breather on Wednesday… Read More »
Why the gold price has suddenly dropped so quickly? There are many opinions, ranging from conspiracy to cyclical or chart-based technical reasons. I have no idea. And I know no one who really knows. Although many people believe, to know the reason, but that’s not the same. Do you have at least a guess? We… Read More »