FIIs sold 20613 Index Future worth 576 cores with net Open Interest increasing by 49973 contracts.As discussed yesterday FII have started booking profit we saw a rally and today, and higher levels were used to short again and we saw the dip in dying end of session as FII started shorting again. Nifty opened with… Read More »
Trading Methodology: Winning system-Only trade tested systems with a positive expectancy in the long term. Faith– Your system has to allow you to trade your beliefs about the market. Risk/Reward-Never trade unless your profit expectations are greater than your capital at risk. Trader Psychology: Discipline-You have to keep trading your method even when it doesn’t… Read More »
United Spirits United Spirits is trading near its rising trendline support forming a contracting triangle, Break of 2288can lead to downside till 2107 in short term. Buy above 2330 Tgt 2350,2370 and 2400 SL 2300 Sell below 2285 Tgt 2260,2240 and 2220 SL 2300 Ranbaxy Ranbaxy after achieving our target of 343 is now… Read More »
FIIs sold 1127 Index Future worth 32 cores with net Open Interest increasing by 48371 contracts.FII’s have started booking profits in short trade. Today Nifty opened with gap of 30 points and kept on sliding down, broke and closed below 5600. In the process also broke the trendline support as shown below. Nifty has entered… Read More »
As Discussed on 13 May :At last INR reaches our target of Rs 60. Lets analyze USD INR technical for coming week, do we have more steam for the rally to continue further. USD INR 4 Hour Chart USD INR 4 hour chart as per Gann Grid looks like topping out formation in near term.… Read More »
RBI Governor decided to maintain status quo on policy rates,and met the market expectation.Bank NIfty was higher on MOnday Tuesday reached our Weekly Trend Deciding level of 11990 High made was 11992 and than collapsed to achieved all weekly target. Cool 550 Points pocked by positional traders. 🙂 Bank Nifty Hourly Bank Nifty is… Read More »
Fears About Fed Tapering Have Sent Markets Into A Tail Spin and there are a financial rout around the globe. Equities,Bonds, Commodities and Currencies all went into tail spin. Bonds saw the biggest correction in 50 Years, Thats the kind of power is Held by US Fed Ben Bernanke. Indian market was not an exception… Read More »
What is all the fuss about OFS ? OFS stands for Offer for Sale, similar to FPO’s (Follow on Public Offer). OFS is done by already listed companies on stock exchanges, enables promoter to dilute their holdings in listed companies in a transparent manner with a wider participation through exchange based bidding platform. Recently… Read More »
Greed is one of the main contributors to trading loss. Greed mangles the mind by distracting the trader from what matters most in the trade, which is quite frankly to protect your capital by prudent planning and following rules. Once a trader starts doing profitable trades, overconfidence creeps in and trader wants more and more… Read More »
The Words of 1 Man can rattle the whole world market. Thats the power US Fed have. Below are the Charts of Emerging Markets (Brazil, China, India and Russia) Developed Markets (UK and European Nations) How they have performed after US Fed has given indication of stopping the QE Asia-Pac is not… Read More »