How do you feel when the trade you made went against you and you need to incur loss. The first thought an amateur trader will have is “This was not supposed to happen!”. There was no way it could work against you. After you have booked loss comes the most testing time for trader:Ideally a … Read More »
Bank of Baroda Bank of Baroda stock has been trading in range of 540-595 for past few trading session.Unable to cross 595-597 range tommrow we can again go back to lower end of trading range. Buy above 595 Tgt 599,606 and 610 SL 589 Sell below 583 Tgt 578,574 and 568 SL 589 Shriram… Read More »
FIIs bought 23640 Index Future worth 714 cores with net Open Interest increasing by 35590 contracts.FII’s went long in Nifty Futures and Still maintaining shorts in Bank Nifty futures. Nifty is not doing much moves and we are seeing Stock Specific moves, Today we had minted good money in LT and Asian paint as discussed… Read More »
The Bitter truth abut trading enemy is: You are your own worst enemy in trading, as its you who make the one making decisions and your emotions are usually getting in the way and you are your own worst enemy. If you’re a trading junkie, you’re going to be reading a lot of books, taking… Read More »
Fusion MarketSite was fortunate to interview Jim Rogers, co-founder of the Quantum Fund with George Soros. Legendary investor, author and world traveler, Jim is one of the world’s most admired and respected investors in the agriculture, metals and mining, and energy sectors. Rogers and Soros founded the Quantum Fund in 1973; the portfolio gained 4200% over the following 10… Read More »
ICICI Bank ICICI has broken its medium term trendline on Weekly charts, which is a bearish indication. Positional traders should look for close below 953, which gives short term target of 932 and 898. Buy above 968 Tgt 978,987 and 1001 SL 960 Sell below 953 Tgt 946,935 and 924 SL 960 Asian Paints Asian… Read More »
It was another Topsy turfy show by the market last week. RBI surprise with increase in interest rate 130 points gap down and slow and steady recovery in later half of week .The benchmarks held on to higher levels and moved in a tight range even as the swirl of negatives led by weak rupee… Read More »
RBI Governor shocked the market participants on Monday evening with increase in Interest rate to stabilize the rupee. Weekly Trend Deciding level of 11792 High made was 11812 and than collapsed to achieved all weekly target. Cool 600 Points pocked by positional traders in matter of 2 days :). Lets see How Bank Nifty Technical… Read More »
FIIs bought 16653 Index Future worth 511 cores with net Open Interest increasing by 14397 contracts.FII’s went long in Nifty Futures and Still maintaing shorts in Bank Nifty futures. Many traders are facing dilemma of long in Nifty and Short in bank Nifty, As a trader we need to trade as per system and go… Read More »
Managing the risk of ruin.Do not risk so much on any one trade that 10 losing trades in a row will destroy your account. risking 1% to 2% of your trading capital per trade is a great baseline for eliminating the risk of ruin.When you do intraday trades or positional trades keep an eagle eye… Read More »