PNB PNB has been following its fibo fan perfectly. Stock is near very important Gann number of 521. Any close above 521 gives short term target of 555. Intraday Traders can use the below mentioned levels Buy above 521 Tgt 527,534 and 540 SL 514 Sell below 512 Tgt 508,500 and 494 SL 514 … Read More »
Last week we gave Trend Deciding level as 5686 Nifty Nifty opened with big gap up and traders were unable to enter longs 🙁 .The government unveils data of inflation based on the wholesale price index (WPI) for August 2013 on Monday, 16 September 2013. WPI inflation is seen accelerating to 5.9% in August 2013… Read More »
Last Week we gave the Trend Deciding level as 9976 Bank Nifty opened with Huge Gap up but 11 Sep gave us entry made low of 9980 just 4 points away from our Trend Deciding levels and achieved 2 target on upside. The data on wholesale price index (WPI) for August 2013, the outcome of… Read More »
Continuing with my previous week article Trading Lesson Learnt From my Trading Guru I hope many traders who are trading or willing to start trading will be facing with the same dilemma and confusion so today am sharing few fundas i got from my trading guru. Use them and see the change in your trading.… Read More »
Failure is part and parcel of trading but till a certain limit. At first if you don’t succeed, try, try again. And when you fail as a trader repeatedly fail and bust your trading account, is it’s wise to continue trading ? Long ago psychologists mapped out something called the inverted U theory of stress and… Read More »
ITC ITC is near a crucial trendline crossover which can lead to an explosive upmove and downmove. Any close above 343 gives short term target of 356 and 364. Intraday Traders can use the below mentioned levels Buy above 341 Tgt 343,345 and 350 SL 339 Sell below 334 Tgt 331,325 and 321 SL 336… Read More »
FIIs sold 12341 contracts of Index Future (Bought 5507 long contract and 17848 shorts were added) worth 344 cores with net Open Interest increasing by 23355 contracts. SO FII’s again added shorts in Index Futures.Yesterday we have cautioned readers about FII adding shorts today we got the trailer. Nifty corrected after rally for 5 day but was… Read More »
Subjective: Based on or influenced by personal feelings, tastes, or opinions.Proceeding from or taking place in a person’s mind rather than the external world. Subjective traders they are intertwined with their trades.Their signals are generally entering out of greed and exiting based on their own internal fear. The believe in their opinions more than the… Read More »
Reliance Industries Reliance Industries is forming a triangle pattern and multiple tops in range of 892-893. Positional traders should look for a close above 898 for short term target of 932. Intraday Traders can use the below mentioned levels Buy above 898 Tgt 903,914 and 920 SL 894 Sell below 884 Tgt 880,876 and 866… Read More »
FIIs sold 9462 contracts of Index Future (Bought 6167 long contract and 15629 shorts were added) worth 272 cores with net Open Interest increasing by 21796 contracts. SO FII’s have slowly adding shorts in Index Futures. Nifty continued with its rally for 5 day in row, closed above the psychological level of 5900. Traders holding long watch… Read More »