JP Associate JP Associate is approaching its short term upper trend line and trading in perfect rising channel. Any close above 37 gives positonal target of 39 42 and 47 in short term. Failure to close above 37 will see the stock falling back to 34 and 31 odd levels. Intraday Traders can use the… Read More »
FIIs sold 1065 contracts of Index Future (Entered long in fresh 1519 Contracts and 2584 fresh shorts were added) worth 18 cores with net Open Interest increasing by 4103 contracts. Today’s rise also FII are entering shorts at higher levels but only in small quantity. Nifty has taken support at last fibo fan support as discussed and… Read More »
USD INR Hourly USD INR Hourly charts have pulled back from Fibo Channel and heading towards the support of 65. Holding the same bounce back can be expected. towards recent high again where it might form a double top and start its bearish journey. USD INR Daily USD INR chart As par Gann Fann INR… Read More »
Ranbaxy Ranbaxy is taking resistance at upper end of fibo fan Bullish only above 432 for tgt of 466 in short term,Close below 410 will be bearish giving short term target of 377. Buy above 410 Tgt 418,426 and 432 SL 407 Sell below 404 Tgt 400,396 and 385 SL 407 Bajaj Auto… Read More »
Last Week we gave the Trend Deciding level as 9456 and Bank Nifty achieved all target on downside Cool 650 points on downside.Lets analyze how to trade Bank Nifty in coming week. Bank Nifty Hourly Bank Nifty on hourly chart is finding resistance at 50 HSMA,Close above the 50 HSMA@ 9066 on hourly basis will… Read More »
Last Week was the most volatile week in recent trading history with Nifty swinging wildly in range of 750 points and ending the week on flat note. Nifty was falling Against the backdrop of a falling rupee, FII selling and the passage of food security bill in the Parliament accentuated the selling pressure. GDP growth dived… Read More »