FIIs bought 6001 contracts of Index Future (bought 16994 long contract and 10993 shorts were entered ) worth 194 cores with net Open Interest increasing by 27987 contracts.So with rise shorts were also added by FII’s. Nifty made a fresh 52 week high today at 6270 and Sensex closed above 21000, has reached near to the highly… Read More »
FIIs bought 34759 contracts of Index Future (bought 65505 long contract and 30296 shorts were entered ) worth 1086 cores with net Open Interest increasing by 95531 contracts.So with rise shorts were also added by FII’s. Nifty has reached near to the highly crucial level of 6252, which is medium term supply zone.As we are approaching the… Read More »
Just about every new trader who launches into trading before doing the proper homework ends up ‘blowing up their account’ which is generally considered suffering a 50% or greater draw down from their original equity starting point. Some of the signs of being in danger is just trading your opinion with no regard to finding … Read More »
BPCL BPCL is at its channel support,and near an important gann number of 343. Any close below 343 stock is heading towards 322 odd levels. Buy above 348.5 Tgt 351,355 and 358 SL 346 Sell below 345 Tgt 341,337 and 333 SL 348 Ranbaxy Ranbaxy is unable to close above its 200 DMA, and strong… Read More »
FIIs bought 3434 contracts of Index Future (bought 5780 long contract and 2346 shorts were entered ) worth 111 cores with net Open Interest increasing by 8126 contracts. Nifty at last gave the follow up down move after series of DOJI formation,forming a bearish engulfing before the RBI day. Nifty made high near our Weekly Trend Changer… Read More »
Maruti Maruti has formed multiple doji’s strong support at 1453 and resistance at 1549. Buy above 1511 Tgt 1531,1549 and 1563 SL 1500 Sell below 1488 Tgt 1477,1467 and 1453 SL 1500 Axis Bank Buy above 1193 Tgt 1204,1217 and 1230 SL 1190 Sell below 1179 Tgt 1167,1154 and 1140 SL 1190 … Read More »
Last Week We gave the Bank Nifty Weekly Trend changer level as 10756 Bank Nifty did 2 target on upside. Next week is quiet crucial for Bank Nifty as we have RBI Policy, FOMC meeting and F&O expiry all 3 lined up in next 4 days. Bank Nifty being an high beta instrument will rise… Read More »
Last Week we gave the Weekly Trend Deciding level as 6207 Sensex Nifty for whole 5 days failed to close above 6207 and did 1 target on downside is quiet range bound week of recent times . Nifty has formed 4 DOJI candlestick pattern in last 5 session suggesting an confusion in market participants and… Read More »
FIIs sold 8509 contracts of Index Future (bought 768 long contract and 9277 shorts were entered ) worth 255 cores with net Open Interest increasing by 10045 contracts.So FII’s have slowly started entering shorts in Index Futures on more aggressive basis and one day before the crucial RBI event. Nifty after forming a gravestone DOJI formation yesterday… Read More »
“Correction” is a term that gets used increasingly loosely in stock market talk, to where it’s becoming applied to every 2 percent or 3 percent selloff that happens these days. Truth is, though, the stock market hasn’t had a real correction-a drop between 10 percent and 20 percent-in more than two years. That’s been 516… Read More »