LT LT is trading in small trading range of 1440-1375. Break of range will take the stock lower, Positional traders can short LT below 1364 for target of 1320.Intra/Swing traders use the below levels Buy above 1400 Tgt 1409,1417 and 1435 SL 1395 Sell below 1386 Tgt 1375,1364 and 1350 SL 1395 Bajaj Auto Bajaj… Read More »
FIIs sold 37489 Index Future worth 1071 cores with net Open Interest increasing by 58195 contracts.FII continued shorting in index futures. So as discussed yesterday read again for investor who are thinking of fearful scenarios as advertised by Blue channel Will Stock Market crash if Fed ends the QE Today Nifty opened with gap of… Read More »
Financial Markets are under rout all round the globe. Whether you are day trader, positional trader or swing trader ,there are fundamental skills that each trader should master. Skill-building activities will help you sharpen your ability to make money and cash in on critical market movements like what we are seeing now. 1. Never ever go for perfect… Read More »
At last INR reaches our target of Rs 60 makes a high of 59.94 as discussed on 13 May Post. Technically we achived the target but what are the fundamental reasons which are driving Rupee price lower each passing day. Dollar got Boost from FED Decision The Fed said on Wednesday that it expects to… Read More »
Hindalco Hindalco is forming a triple top formation on daily charts at 105.4. Unable to cross the same 97 is pretty much on cards. Sell below 103 Tgt 101,99 and 97 SL 105 Rcom RCOM as per Fibo Arcs is entering in the next resistance zone of 131-132. Unable to cross the same we can… Read More »
FIIs sold 12410 Index Future worth 360 cores with net Open Interest increasing by 14688 contracts.FII continued shorting in index futures. 2 Important Post before todays crucial event of Fed Meeting Financial Market reaction to various FOMC scenarios and Will Stock Market crash if Fed ends the QE Nifty has closed above 200 DMA is… Read More »
While Fed officials are at pains to point out that their two policy tools (asset purchases and rates) the markets continue to link them and the latest increase in Taper chatter has dragged expectations for the first rate hike dramatically forward. Just a month ago, expectations were as late as Jan 2016 but Fed Funds… Read More »
Traders around the world are anxiously waiting for the Ben Bernanke decision of Fed tapering the QE and give updates us on the direction of monetary policy in coming future. Markets and commodities over the last few weeks have corrected sharply, mainly due to the fear created around the Tapering of Asset Purchases by the… Read More »
Idea Idea is falling a rising wedge pattern which is bearish in nature and also formed a topping tail candlestick pattern which again is bearish pattern, both pattern needs follow up price action to get confirmation. Close above 144 will invalidate both the pattern and target of 152 can be seen in short term.Pullback till… Read More »
FIIs sold 10992 Index Future worth 321 cores with net Open Interest increasing by 23064 contracts.FII continued shorting in index futures. Nifty has closed above 200 DMA is past 3 trading sessions. Today it took resistance at the falling trendline and gave a sharp pullback. After the formation of bullish island reversal pattern (on 14th… Read More »