Rel Infra Reliance Infra was unable to close above its 200 DMA and also closed below an important gann number of 412.Any close below 398 will lead to further downside till 390 and 377 in short term which can be capitalized by swing traders. Bullish only on close above 412 for a short term target… Read More »
Last Week we gave the Trend Deciding level as 10236 Bank Nifty made low of 10175 on Monday giving an excellent entry in longs and eventually reached all the Weekly Levels. The last week was one of the best week and worst week as Bank Nifty was up by 7% of Fed decision to continue… Read More »
Last week we gave Trend Deciding level as 5806 Nifty Nifty achieved all Weekly target on upside with a gain of 271 points. September series has been quiet interesting with Nifty gaining 824 points or 10% in just 12 trading sessions. Both Fed and RBI surprised the market leading to volatility in stock market. Next… Read More »
Definition of ‘Open Interest’ The total number of options and/or futures contracts that are not closed or delivered on a particular day. Few Scenarios to Understand OI If a new buyer (a long) and new seller (a short) enter a trade, their orders are matched and open interest increases by one If a trader who… Read More »
LT LT trading in perfect up trending triangle and has taken resistance at 100 DMA, Any close above 898 will give short term target of 932, Failure to do so LT is falling back to 843. Intraday traders can use the below mention levels Buy above 898 Tgt 906,920 and 932 SL 888 Sell below… Read More »
FIIs bought 99802 contracts of Index Future (bought 80352 long contract and 19450 shorts were squared off) worth 3010 cores with net Open Interest increasing by 60902 contracts.So Fed kept the money flowing to India and FII have again been a net Buyers in Index Futures. Nifty in past 6 days was trading and consolidating above 200… Read More »
The weakest link to any trading strategy is the trader that is suppose to be executing it. It is usually the mental and emotional errors of the trader that cause the 90% of unprofitable traders to lose money. Trading success is determined more by the mindset of the trader than their skills with math, economics,… Read More »
Gold Jumps Most in 15 Months as Fed Refrains From Taper , Gold prices spike after Fed announcement but some controversial facts shows Insider Trading happened in Gold. Some traders were aware of the FOMC news before it was released. Here is the fact: Around 4300 contracts changed hands in the Dec Futures – massively… Read More »
FIIs bought 4685 contracts of Index Future (bought 12283 long contract and 7598 shorts were added ) worth 144 cores with net Open Interest increasing by 19881 contracts. FED REFRAINS FROM QE TAPER which will be bullish for Indian market and Indian rupee. Nifty continued trading in its sideways range of 5800-5950 and closing above its 100… Read More »
Jindal Steel JSPL is over verge of triangle breakout . Any close above 254 gives short term target of 267. Intraday Traders can use the below mentioned levels Buy above 250 Tgt 253,256 and 260 SL 247 Sell below 245 Tgt 241,236 and 230 SL 247 Raymonds Raymonds is trading at upper end… Read More »