With two days to go to until dreaded October 17 D-Day (on which incidentally, very little of note will happen, because as Goldman explained earlier today, that is simply the date past which the Treasury can no longer borrow, but still has some $30 billion in cash which could last to fund the Treasury’s needs… Read More »
PNB PNB is still trading in its triangle and formed an Inverted Hammer candelstick pattern, Buy above 492 Tgt 496,501 and 507 SL 487 Sell below 485 Tgt 481,474 and 470 SL 487 PFC PFC has broken below its ascending triangle pattern Any close below 131 gives short term target of 123.… Read More »
FIIs bought 23539 contracts of Index Future (bought 14262 long contract and 9277 shorts were covered) worth 709 cores with net Open Interest increasing by 4985 contracts.FII’s today again went long in NF.We had a bad Inflation data and IIP data was also a shocker still market is discounting the bad news, and closed above 6100. Nifty… Read More »
US Debt ceiling suspense will get over by 17 October, Markets are confident that US Politicians will come back together and raise the debt limit. But if we go through the History back in 2011, Stock Markets correction actually took place once an agreement was reached so will the same be repeated again ? Next… Read More »
Reliance Industries Reliance Industries is Trading in an expanding triangle formation,Strong support at 843 levels and resistance above 898. Buy above 870 Tgt 875,883 and 890 SL 863 Sell below 860 Tgt 856,848 and 843 SL 863 Indusind Bank Indusind bank is taking resistnace at its higher end of trendline,Any close above… Read More »
Last Week We gave the Bank Nifty Weekly Trend changer level as 10236 Bank Nifty did 1 target on downside and 2 target on upside in volatile week, so traders were able to capture both up move and down move. Lets analyze how to trade Bank Nifty in coming week. Bank Nifty Daily Bank Nifty… Read More »
Last week we gave Trend Deciding level as 5946 Nifty Nifty achieved 2 weekly target on upside and 1 weekly target on downside so traders were able to capture both upside and downside move :). IIP data was a big shocker August #IIP growth at 0.6% vs 2.6% in July and No Deal on US Debt… Read More »
After a two-day, five hundred point Dow Jones rally on nothing but hope that just because politicians are talking, all shall be well, it was the weekend’s turn, when the market is conveniently closed, for true Congressional colors to emerge. Sure enough, moments ago Boehner told GOP lawmakers that Obama has “rejected our deal”, and… Read More »
Regular readers of my site must be well aware of the fact, I always ask traders with small capital to stay away from Buying Options, During my trading course Typically 80% of traders have confessed , that they made there big loss when they have bought options. Retail traders are always looking at buying options… Read More »
Introduction It is important to understand, and if possible, emulate the qualities that most top traders/investors have, to profit from the stock market! Many of these qualities can be developed if there is a willingness to succeed. With a commitment to improvement in oneself, and adhering to certain business stratagems, profiting from the stock market,… Read More »