Kotak Bank Kotak bank is a classic example of support becoming resistance.As seen in above chart 690 was strong support and now it has becomes a resistance. Short term bullishness in stock will come only above 700 for a target of 754. Buy above 686 Tgt 694,703 and 715 SL 680 Sell below 679 Tgt… Read More »
I receive many mails stating “Bramesh Sir, The performance sheet you give for Intraday and Positional trades do not match with our trading sheet, Sometimes our profit are less than your sheet but overall we are in profit.” I totally agree with the fellow reader that performance will change from trader to trader. It depends… Read More »
As US government goes for shutdown Commodities Gold and Silver are getting hammered. One of the reason by commodity traders are No regulators looking at markets due to government shut down. Let see whats in for gold in coming few days. Gold Hourly Chart Gold hourly charts taken from MT4 platform try to break its… Read More »
FIIs sold 12233 contracts of Index Future (sold 13969 long contract and 1736 shorts were added ) worth 353 cores with net Open Interest decreasing by 15705 contracts.FII’s have shorted Index Futures again but in small quantity and also keep booking profit in long contract.Stocks Market will remain close tomorrow on account on Gandhi Jayanthi Nifty is… Read More »
Lupin Lupin formed a gravestone doji pattern within a symmetrical triangle formation and looks ripe for a explosive move. Buy above 859 Tgt 867,875 and 886 SL 855 Sell below 852 Tgt 847,840 and 833 SL 855 Rel Infra Reliance Infra after falling yesterday is approaching its support of 100 DMA,Holding 369 stock will bounce… Read More »
FIIs sold 31289 contracts of Index Future (sold 25217 long contract and 6072 shorts were added ) worth 864 cores with net Open Interest decreasing by 19145 contracts.FII’s have shorted Index Futures again but in small quantity.CAD for Q1 widens to $21.8 billion, stands at 4.9% of GDP but numbers are better than market expectation. Nifty ended… Read More »
In Our last analysis, Indian Rupee heading for 61-62 levels,Weekly Analysis Rupee made low of 61.5 and bounced back. Now lets analyze rupee movement for coming week. USD INR Hourly USD INR Hourly charts from MT4 platform are getting resisted at top of the Fibo channel any move above it can see rupee moving back… Read More »
IDFC IDFC is again taken support at fibo fan on weekly chart. Positional trades watch for close above 89 for target of 92 and 97. Intraday traders can use the below mention levels Buy above 89.8 Tgt 91,92.5 and 94.4 SL 88.8 Sell below 88.5 Tgt 87.5,86.4 and 85 SL 89 Sun Pharma Sun… Read More »
Bank Nifty will likely take cues from June quarter current account deficit and will remain volatile tomorrow.The RBI will release the June quarter current account deficit tomorrow. Government aims to contain current account 3.7 per cent of GDP for the entire fiscal. Lets analyze how to trade Bank Nifty in coming week. Bank Nifty Hourly… Read More »
Last week we gave Trend Deciding level as 5984 Nifty Nifty achieved 2 weekly target with a gain of 168 points. Will US government Shut Down, Italy Political Situation and Aug Fiscal deficit figures coming out on Monday will dictate the trend for coming week. Indian Market will remain close on 2 Oct on account… Read More »