SENSEX and Indian rupee has witnessed a dramatic turnaround since Wednesday, when Raghuram Rajan took over as the new governor of the Reserve Bank. Sensex yesterday closed above the psychological level of 20000, Nifty rallied 555 points in 4 days and Indian Rupee retraced back to 64 from life lows of 69 again of almost… Read More »
Axis Bank Axis Bank was unable to cross its falling trendline, Banks have rallied the most in recent upmove but yesterday most of banks including axis have underperformed the nifty,suggesting selling at higher levels. Some pullback rally is on cards to fill the last gap 952-977. Positional traders can short axis below 987 for short… Read More »
FIIs bought 101860 contracts(Highest ever in single day) of Index Future (Bought 87098 long contract and 14762 shorts were liquidated) worth 2957 cores with net Open Interest increasing by 72336 contracts.The spectacular rally we saw today many reasons can be given the most important reason was FII have covered there most of shorts on Friday session as… Read More »
Nifty did a one way ride in past 2 weeks from low of 5119 till today’s high of 5900. One of the most spectacular rally of 800 points in small time frame. These kinds of rallies have been coming and will be coming for next many many years. But important thing is were you part… Read More »
TCS TCS is holding the support of its fibo fans as shown in above chart. Any close below 1974 will lead to further downfall till 1880, 1830 odd levels in short term. Intraday Traders can use the below mentioned levels Buy above 2000 Tgt 2017,2045 and 2067 SL 1988 Sell below 1974 Tgt 1946,1917 and… Read More »
Paryushan parva is a time of reflection on our past year actions. It is observed during every Chaturmas commencing on the twelth day of the shukla paksha of “Bhadrapad” month and ending on the fourth day of Krishna paksha of Bhadrapad. It is marked by strict observance of the ten cardinal virtues: Forgiveness, Charity, Simplicity,… Read More »
FIIs bought 37866 contracts of Index Future (Bought 24525 long contract and 13341 shorts were liquidated) worth 778 cores with net Open Interest increasing by 11184 contracts.So FII have covered 81K contract of NF and BNF shorts in past 3 trading sessions and added 25.6K contract of fresh longs in NF and BNF suggesting short covering done… Read More »
Trend Changer is a positional strategy for trading in Nifty Futures, Bank Nifty Futures and Stock Futures. Trend Changer Level as its name indicates is a pivotal number which reflects the balance of power within Nifty and Bank Nifty Futures. Its a number where Bulls and Bears are Neutralized.Once either of them are able to… Read More »
Indian market rejoiced the appointment of the new RBI governor and his optimistic road plan, as Nifty rallied almost 372 points from Sep low of 5316 and Bank Nifty 1384 points and Rupee rallied more than 5%. Also Next weak American government will decide to strike on SYRIA as there will be a final VOTE… Read More »
Last Week we gave the Trend Deciding level as 9066 and Bank Nifty achieved 2 target on downside and did all target on upside but with a gap up which was not tradeable 🙂 .Lets analyze how to trade Bank Nifty in coming week. Bank Nifty Hourly Bank Nifty on hourly chart is finding resistance… Read More »