One of the fundamental principals of trading stocks, or anything for that matter, is; you never play with money you cannot afford to lose. You should not be trading money needed for car payments, rent, food, diapers etc. The reason for this is, no matter how sound a system or piece of advice may sound, trades often go against… Read More »
FIIs bought 44902 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 1265 cores with net Open Interest decreasing by 44262 contracts. FII did huge short covering today, but still no sign of fresh longs. Why Commodity Traders Lose Money Fall in commodity prices has come as a Boon to Indian market, … Read More »
15 April is the largest one day decline from the previous day’s close @ -9.6%. Volume is already north of 530,000 There have been three rounds of liquidations. Asian liquidation European liquidation US liquidation phase . You are witnessing an historical selling climax folks. Another trigger for selling is CME Hikes Gold, Silver Margins By… Read More »
Relaince RIL will be declaring its results today post market hours. Stock made high of 955 when last quarter results were declared and kept falling down from that day till 760. Stock is stuck in its trading range of 805-765. Trader should short at higher end and long at lower end with strict sl. Buy… Read More »
Gold,Silver continued with their Sell off which started on Friday after breaking 2 year support of 1526$ and 26$ respectively. Commodities are feeling the pressure from the latest round of disappointing data from China. China earlier reported that its quarterly domestic product rose 7.7%, while its industrial production grew 8.9% – both figures missed forecasts.… Read More »
FIIs sold 3970 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 111 cores with net Open Interest increasing by 21622 contracts. FII have started profit booking in shorts, but still no sign of fresh longs. Why Commodity Traders Lose Money Nifty opened with a gap down today, made a low of… Read More »
Gold Silver has seen the biggest 2 day decline in recent history. Many traders have lost big money. As per estimate 80-90% of commodity traders lose money and only 10% are able to earn money on consistent basis. This statistics are dismal for someone who wants to venture into trading commodities. Fortunately, many of the… Read More »
SBI SBI has taken resistance at falling trendline and was unable to cross the supply zone of 2094-2097. Buy above 2097 Tgt 2112,2130 and 2143 SL 2081 Sell below 2065 Tgt 2050,2035 and 2020 SL 2081 Reliance RIL is coming with its results tomorrow evening,Stock again bounce back from its demand zone of 765-760… Read More »
As discussed on 10 Apr Gold technical analysis Gold is trading near the upper resistance zone 1588-1590$. Unable to break the 1590$ pullback till 1560-62 should be expected which it did the same day. Today after retail sales unexpectedly dropped commodities are having sell off. Also as per Gold technical analysis before crucial Jobs data we clearly… Read More »
Infosys spoiled the Bullish sentiments on the Dalal Street, 2 days rally in nifty was snapped by Infy bad results and we are trading down sub 5500. Next week the Index Heavyweight Reliance will be coming out with results Tuesday post market hours and TCS on 17 April. Last week we gave Trend Deciding level… Read More »