In Continuation with the previous 2 articles Trading Lesson Learnt From my Trading Guru Valuable Trading Lesson Learnt From my Trading Guru Part-II Before starting the article a small note, If You Really Enjoy my article, Could you please do me a ‘Huge favor’ after you have finished reading today’s lesson. Please click the Facebook… Read More »
FIIs sold 8868 contracts of Index Future (sold 3431 long contract and 5437 shorts were added ) worth 243 cores with net Open Interest increasing by 2006 contracts.FII’s have shorted Index Futures Nifty continued to move in the trading range, today formed bearish engulfing pattern but it took support at the rising trendline. Monday’s price action will… Read More »
ICICI Bank ICICI bank is trading in a perfect downtrending channel and very near to an important gann number of 953,Swing Traders looks for close above 953 stock is heading towards 966 and 987. Any close below 932 stock is heading towards 898 in short term. Buy above 947 Tgt 953,966 and 975 SL… Read More »
FIIs bought 50350 contracts of Index Future (sold 1.2 Lakh long contract and 1.04 Lakh shorts were squared off ) worth 1497 cores with net Open Interest decreasing by 2.2 lakh contracts.Nothing much to read in these numbers. Nifty continued to move in the trading range and finally expired above 200 DMA, Yesterday Nifty formed an hammer… Read More »
The professional trader knows how to process multiple inputs, yet remains calm and decisive. In this age of information and technology there is zillions of information going round it’s easy to experience information overload. If you try to process and digest more information than you can handle, you’ll experience frustration and anxiety. If you aren’t… Read More »
BHEL BHEL has formed a bullish engulfing pattern today,any trade above 145 can lead to further rise till 149 odd levels.Positional traders keep eye on 144 odd level any close above it BHEL is heading towards 156 odd levels. Intraday Traders can use the below mentioned levels Buy above 145 Tgt 148,149.5 and 152 SL… Read More »
September Series is coming to an end, It has been an eventful series with Nifty making a low of 5303 and High of 6142 a move of 839 points, Stock market moved from the zone of extreme pessimism to over exuberance. Well thats the beauty of Stock market. The last 10 days has been quiet… Read More »
A goal of every trader is to achieve enduring success. It’s hard to achieve this goal, however. The only way it can be done is through persistence and practice. Many are drawn to trading, but few can actually trade for a living. This is a discouraging fact of trading, but one need not dwell on… Read More »
Hindalco Trading in a perfect up trending channel. Any break below 110 can see the stock sliding towards 102 odd levels in short term.Trading above 113 will take the stock to its recent swing high of 119. Intraday Traders can use the below mentioned levels Buy above 114 Tgt 115.3,116.7 and 119 SL 113 Sell… Read More »
FIIs bought 27749 contracts of Index Future (bought 45251 long contract and 17502 shorts were added) worth 856 cores with net Open Interest increasing by 62753 contracts. SO FII’s went aggressively long today. Nifty opened below the upward rising trendline and near its 200 DMA, and closed near to the trendline confusing both Bulls and Bears.Bulls will… Read More »