ANTICIPATION Phase: This is the stage where you will do the chart reading, try to find cha this is where all the left hand chart reading takes place in preparation for the right hand chart battle. It’s the PROCESS that precedes the ACTION to put on a trade. A technical trader anticipates that a past price… Read More »
Lupin Lupin trading in the sideways trading range,Unable to close above 888 stock is heading towards 840 odd levels. Buy above 878 Tgt 885,891 and 896 SL 874 Sell below 872 Tgt 866,861 and 856 SL 875 Hindalco Hindalco has formed a double top pattern. Buy above 120.5 Tgt 121.5,123 and 126 SL… Read More »
Last Week We gave the Bank Nifty Weekly Trend changer level as 9846 Bank Nifty did 1 target on downside and 2 target on upside in volatile week. Lets analyze how to trade Bank Nifty in coming week. Bank Nifty Hourly Bank Nifty on hourly chart is trading in symmetrical triangle with support at 10197.… Read More »
Last week we gave Trend Deciding level as 5785 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 :). September 2013 corporate earnings will start with Infosys reports Q2 results on Friday, 11 October 2013. IIP data will also… Read More »
During our training sessions with students we are very specific t make them understand you have lost money not because of market but the main reason is Your brain doesn’t like to lose.Its all there in your subconscious mind which is responsible for profit and loss for a trader. Brain remembers everything. How you trade… Read More »
FIIs bought 10564 contracts of Index Future (bought 11231 long contract and just 667 shorts were added ) worth 317 cores with net Open Interest increasing by 11898 contracts. Nifty again gave a weekly closing above 200 DMA but was unable to cross the resistance zone of 5946-5976, High made today was 5950 as discussed in last… Read More »
October is known as the month of Flash Crash, This holds true for Indian Markets in particular, Be it Oct 2008 or 2012 or 2013. Yesterday Nifty Future made High of 5996 when Nifty was trading around 5900. Volumes of almost 8 Lakhs were traded at high of 5996. So was it the case of… Read More »
SBIN SBI has been forming multiple bottom near 1597 and upper trading range is getting reduced,signalling explosive move round the corner. Buy above 1665 Tgt 1675,1690 and 1710 SL 1660 Sell below 1649 Tgt 1636,1610 and 1597 SL 1660 Crompton Greaves Crompton Greaves has formed a bullish engulfing pattern and is trading near the… Read More »
FIIs bought 8423 contracts of Index Future (bought 8090 long contract and just 333 shorts were covered ) worth 233 cores with net Open Interest increasing by 7757 contracts.FII’s have added just 8090 longs and nifty rallying 130 points they have covered only 333 contracts still holding 25K short contracts for this series, so we are not… Read More »
Science was put on hold, normally bustling stores went quiet and families depending on government aid feared losing their baby food as a government shutdown rippled across the country. The budget impasse in Washington shut all but essential U.S. government services for the second straight day on Wednesday, while neither political party appeared willing to… Read More »