Tata Motors Tata Motors has been under bear pressure as soon it broke 280, stock has been trading below its 200 DMA for 3 days now, Stock has taken support at previous gap of 254 .254-55 range has been demand zone for telco stock has pulled back sharply from this zone. Buy above 259 Tgt… Read More »
FIIs sold 35017 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 985 cores with net Open Interest increasing by 28883 contracts. FII added more shorts in Index Futures as net OI rose with price. How to manage Commodities Trading Account . Nifty has fallen 189 points in matter of 2 days… Read More »
Commodities mainly gold and silver has seen a viscous fall in last 2 days, Buy on Dips Theory have suddenly vanished and many traders are having huge MTM after getting stuck with longs at higher levels. Today Article we will discuss how can a trader effectively manage a Commodity trading account. During our childhood we… Read More »
Gold and other commodities showed intense selling yesterday when Fed reserve member gave hint of Fed bond buying program can wind up if US keeps on improving. Gold is near a crucial 2 year support of $1526 and Silver near 26$, break of which can intensify technical selling. Lets analyse the technical chart of both… Read More »
For the reference of readers the performance sheet for the Month of April/March Expiry has been updated, can be accessed from http://tradingsystemperformance.blogspot.in/ . Calculation are based on trading with 1 lot of Stock Futures Rs 100 is deducted as Brokerage and Taxes M&M M&M share is near crucial support of 200 DMA @841. Stock has… Read More »
FIIs sold 25165 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 722 cores with net Open Interest increasing by 38697 contracts. FII booked profit in long and went short in Index Futures as net OI rose with price. Benefits of Making a Trading Plan Nifty after opening gap down today, went… Read More »
I always suggests trader to create a trading plan before markets opens and strictly execute the trades as per the plan. Its a well know adage Plan the trade and Trade the plan.Most of traders trade impulsively in trading,without any plan, they go as per there intuition and end result is losses. I have written… Read More »
Reliance Capital Reliance Capital share got a boost from ADAG deal with RIL, Stock has been trading in perfect down trending channel and after touching the lower boundary has moved to higher end of the channel, Will this news be game changer tommrow price action will confirm Buy above 338 Tgt 341.8,344.5 and 349 SL… Read More »
FIIs bought 4802 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 138 cores with net Open Interest increasing by 9150 contracts. FII after long time went long in Index Futures as net OI rose with price. How to Trade New Trading Account Nifty continued with pullback which started after Nifty touched… Read More »
New Financial Year is starting and many traders will start trading in new trading account. Hera are some important aspects traders should keep in mind so as to aviod trading account blow off and quickly closing the account. Trading in new trading account is always difficult, Its similar like a Buying Your DREAM car and… Read More »