Here’s what RBI has done. 1) The RBI has increased banks’ cost of borrowing short term money through the Marginal Standing Facility (MSF) rate and Bank Rate each by 200 basis points ( 2 per cent) to 10.25 per cent. The measure will make it unattractive for banks to borrow rupee (at cheap rates) and… Read More »
Tata Steel Tata Steel has been falling like 9 pins,stock has been a worst performer in Nifty 50. Stock is trading a crucial Fibo number of 254. Any close below it on closing basis can see stock pulling back to 233 odd levels,Holding 254 can see a bounceback till 288 odd levels. Buy above 261… Read More »
FIIs sold 7187 Index Future worth 215 cores with net Open Interest increasing by 23201 contracts.FII continued holding Longs in Nifty and Bank Nifty futures.Traders Need Game Plan to trade profitably Nifty technical charts is shown below, after breaking out of its trading range at 5920 has been on a continuously rising, its entering a… Read More »
Question: How do you make stocks and bonds rise in price at the same time and increase the wealth of the investor class? Answer: You declare your intent to buy $85 billion of and mortgages every month for a considerably extended period as a way to maintain the lowest rates of interest in recent history.… Read More »
Maruti Maruti has broken below its symmetrical triangle, 200 dma and Gann number of 1453,suggesting weakness in short term. Unable to close above 1453 in next 2 days gives short term target of 1364 Buy above 1464 Tgt 1485,1500 and 1520 SL 1460 Sell below 1438 Tgt 1422,1400 and 1380 SL 1447 SBI… Read More »
Bank Nifty Hourly Bank Nifty on hourly chart is showing a range contraction,and unable to close above 11750 can pull it back to lower end of trading range. Bank Nifty Daily Bank Nifty has been under performing nifty and still trading below its medium and long term moving averages.The Bank Index has to move… Read More »
Nifty was in sideways zone in better half of the week and Fed minutes released on Wednesday night changed the course of world market and Indian market also celebrated with a huge gap up of 100 points on Thursday. Friday turned out to be quite an eventful one for the market. Infosys managed to prop… Read More »
Emotions have no place in trading,specially for day traders as their holding period is for few hours only. Most of traders are searching for Magic Indicator or Holy Grail which will lead the desired results and will never cause any loss to them. But in Reality No matter what technical indicator or stock trading system… Read More »
90% of Intraday Trades are losers, Intraday trading without a proper plan and trading system is equivalent to gambling which most of traders get indulged into. Before betting your hard earned money to earn quick returns its always better to know and understand the the fundamentals of intraday trading, if you hope to make money… Read More »
Reliance Reliance trading in its Flag pattern, Took resistance at upper end 889 and lower end at 840 where it gave a bounceback. So RIL also trading in a range trade. Buy above 869 Tgt 877,885 and 891 SL 865 Sell below 856 Tgt 847,839 and 825 SL 860 M&M M&M trading is a 100… Read More »