Paryushan parva is a time of reflection on our past year actions. It is observed during every Chaturmas commencing on the twelth day of the shukla paksha of “Bhadrapad” month and ending on the fourth day of Krishna paksha of Bhadrapad. It is marked by strict observance of the ten cardinal virtues: Forgiveness, Charity, Simplicity,… Read More »
FIIs bought 37866 contracts of Index Future (Bought 24525 long contract and 13341 shorts were liquidated) worth 778 cores with net Open Interest increasing by 11184 contracts.So FII have covered 81K contract of NF and BNF shorts in past 3 trading sessions and added 25.6K contract of fresh longs in NF and BNF suggesting short covering done… Read More »
Trend Changer is a positional strategy for trading in Nifty Futures, Bank Nifty Futures and Stock Futures. Trend Changer Level as its name indicates is a pivotal number which reflects the balance of power within Nifty and Bank Nifty Futures. Its a number where Bulls and Bears are Neutralized.Once either of them are able to… Read More »
Indian market rejoiced the appointment of the new RBI governor and his optimistic road plan, as Nifty rallied almost 372 points from Sep low of 5316 and Bank Nifty 1384 points and Rupee rallied more than 5%. Also Next weak American government will decide to strike on SYRIA as there will be a final VOTE… Read More »
Last Week we gave the Trend Deciding level as 9066 and Bank Nifty achieved 2 target on downside and did all target on upside but with a gap up which was not tradeable 🙂 .Lets analyze how to trade Bank Nifty in coming week. Bank Nifty Hourly Bank Nifty on hourly chart is finding resistance… Read More »
The day I started trading I hoped to make lot of money, and ultimate goal of every trader is to trade for a living. My Guru asked me how you are going to make “a lot of money”, I said some blah blah but Honestly speaking I did not had any concrete answer. Somewhere in… Read More »
Everyone wants to know how much money they can earn if they learn to trade. Can they fulfill their financial goals and make trading for a living. Trading as a Business offer flexibility in schedule, working from any part of world, there would be no hassles with customers or employees and low overhead expenses ie.… Read More »
FIIs bought 45375 contracts of Index Future worth 1198 cores with net Open Interest decreasing by 37997 contracts.So FII were on short covering spree today. After covering they went long and pushed bank nifty to 9% up. A move not seen in recent trading history. Nifty is approaching the higher end of falling trend line… Read More »
Self-Confidence is one of the most important quality required by human being in any business venture. Professor Raj Persaud posits that true self-confidence comes from an attitude where you: Promise yourself, no matter how difficult the problem life throws at you, that you will try as hard as you can to help yourself. You acknowledge… Read More »
BHEL BHEL is forming an triangle formation signalling an explosive move round the corner. Positional traders can buy above 131 for target of 138 and 144. Failure to close above 131 will take stock back to 123 odd levels. Intraday Traders can use the below mentioned levels Buy above 128.5 Tgt 131,134 and 138 SL… Read More »