ITC ITC is near a crucial trendline crossover which can lead to an explosive upmove and downmove. Any close above 343 gives short term target of 356 and 364. Intraday Traders can use the below mentioned levels Buy above 341 Tgt 343,345 and 350 SL 339 Sell below 334 Tgt 331,325 and 321 SL 336… Read More »
FIIs sold 12341 contracts of Index Future (Bought 5507 long contract and 17848 shorts were added) worth 344 cores with net Open Interest increasing by 23355 contracts. SO FII’s again added shorts in Index Futures.Yesterday we have cautioned readers about FII adding shorts today we got the trailer. Nifty corrected after rally for 5 day but was… Read More »
Subjective: Based on or influenced by personal feelings, tastes, or opinions.Proceeding from or taking place in a person’s mind rather than the external world. Subjective traders they are intertwined with their trades.Their signals are generally entering out of greed and exiting based on their own internal fear. The believe in their opinions more than the… Read More »
Reliance Industries Reliance Industries is forming a triangle pattern and multiple tops in range of 892-893. Positional traders should look for a close above 898 for short term target of 932. Intraday Traders can use the below mentioned levels Buy above 898 Tgt 903,914 and 920 SL 894 Sell below 884 Tgt 880,876 and 866… Read More »
FIIs sold 9462 contracts of Index Future (Bought 6167 long contract and 15629 shorts were added) worth 272 cores with net Open Interest increasing by 21796 contracts. SO FII’s have slowly adding shorts in Index Futures. Nifty continued with its rally for 5 day in row, closed above the psychological level of 5900. Traders holding long watch… Read More »
SENSEX and Indian rupee has witnessed a dramatic turnaround since Wednesday, when Raghuram Rajan took over as the new governor of the Reserve Bank. Sensex yesterday closed above the psychological level of 20000, Nifty rallied 555 points in 4 days and Indian Rupee retraced back to 64 from life lows of 69 again of almost… Read More »
Axis Bank Axis Bank was unable to cross its falling trendline, Banks have rallied the most in recent upmove but yesterday most of banks including axis have underperformed the nifty,suggesting selling at higher levels. Some pullback rally is on cards to fill the last gap 952-977. Positional traders can short axis below 987 for short… Read More »
FIIs bought 101860 contracts(Highest ever in single day) of Index Future (Bought 87098 long contract and 14762 shorts were liquidated) worth 2957 cores with net Open Interest increasing by 72336 contracts.The spectacular rally we saw today many reasons can be given the most important reason was FII have covered there most of shorts on Friday session as… Read More »
Nifty did a one way ride in past 2 weeks from low of 5119 till today’s high of 5900. One of the most spectacular rally of 800 points in small time frame. These kinds of rallies have been coming and will be coming for next many many years. But important thing is were you part… Read More »
TCS TCS is holding the support of its fibo fans as shown in above chart. Any close below 1974 will lead to further downfall till 1880, 1830 odd levels in short term. Intraday Traders can use the below mentioned levels Buy above 2000 Tgt 2017,2045 and 2067 SL 1988 Sell below 1974 Tgt 1946,1917 and… Read More »