FIIs sold 5937 Index Future worth 172 cores with net Open Interest increasing by 2653 contracts.FII again booked profit in Nifty and Bank Nifty futures.Traders Need Game Plan to trade profitably Nifty again opened with gap up but today the story was different it consolidated almost whole day and than corrected almost 50 points in… Read More »
All successful traders have one common, yet very important ingredient in their trading methodologies: a game plan. “Many traders and investors go through their sometimes very short investing lives planning trades they never execute and executing trades they never plan.” “Experience has proven that success follows the wise trader/investor who identifies an effective strategy, and… Read More »
Infosys Infosys is coming with its results day after tomorrow before market opens,Stock has a bad history of opening 10+% gap up or gap down. Stock is approaching its higher end of trendline and if unable to cross and close above 2584 on closing basis stock can fall all its way upto 2351. Any close… Read More »
FIIs bought 11527 Index Future worth 339 cores with net Open Interest increasing by 13691 contracts.FII again initiated longs in Nifty and Bank Nifty futures.All you want to know about LIX 15 Index launched by NSE Nifty opened with gap up continued with its rally, got resistance at supply zone of 5867,What we are witnessing… Read More »
National Stock Exchange (NSE) launched ‘LIX 15’ index, which will be available in the derivatives segment, in a bid to provide exposure to the liquid stocks. The index would be disseminated online, from Monday, July 8, 2013.Currently trading at 2376. LIX 15 Index is designed to provide exposure to the liquid stocks while making the… Read More »
ONGC ONGC broke above its downward falling trendline 322 made a high of 353 on gas pricing news and has been falling sinse than,Stock yesterday closed near its support of 302. Holding the same bounceback can be expected. Positional Longs should be taken on close above 308 only for target of 330, 352. Buy above… Read More »
FIIs sold 15516 Index Future worth 447 cores with net Open Interest decreasing by 19786 contracts.FII booked profit in longs Index Futures. Nifty opened with gap down continued with its downfall, got support from demand area of 5776,also lower end of our initial range and bounced back. 5750 needs to be watched closely any break… Read More »
The rupee crossed 63 to a dollar again as discussed in our USD INR Forecast. This should not be surprising given that the demand for dollars is much more than their supply. So now question lies Can Rupee touch 65 in medium term. Let me answer the question for you talking on both Fundamental and… Read More »
Reliance Reliance is forming a Flag Pattern which is bullish if we see a follow up move and close above 898. Any close above 898 will propel stock towards 953 odd levels. Buy above 881 Tgt 885, 888 and 895 SL 877 Sell below 876 Tgt 872,866 and 860 SL 880 JSPL JSPL has… Read More »
Crude is trading at 3 year high on MCX, With Egypt conflict crude is rising and its a double whammy for INR, as rise in crude prices will increase fiscal deficit.Lets analyze crude technical for coming week. Crude Mcx Weekly As per Weekly charts crude has formed a bullish engulfing pattern but unable to cross… Read More »