FIIs sold 68508 contracts of Index Future (Sold 2234 long contract and 26498 fresh shorts were liquidated) worth 648 cores with net Open Interest decreasing by 28732 contracts.So FII shorted 50K contract yesterday has exited 26K contract in today’s rise and are still holding the remaining 23K contracts.So net to net basis are still short in market.… Read More »
When you first learnt about the potential of trading, hearing lot of rags to rich story, a normal person do get tempted and probably venture towards trading. But then, just before you started trading, you heard stories of traders losing fortune and the Stock Market Scams of Harshad Mehtha, Ketan Parek and Satyam Scam .… Read More »
Axis Bank Axis Bank is trading near its medium term support of 772 as shown in above weekly chart.Any close below 754 gives short term target of 700. Intraday Traders can use the below mentioned levels Buy above 792 Tgt 802,809 and 825 SL 781 Sell below 770 Tgt 760,753 and 744 SL 781 … Read More »
FIIs sold 68508 contracts of Index Future (Sold 17545 long contract and 50963 fresh shorts were added) worth 1850 cores with net Open Interest increasing by 33418 contracts. So news like S&P downgrading India and Attack over Syria added fuel to the fire and lead to panic selling by Retailers and FII also shorted big time. Nifty… Read More »
In Continuation of previous Article Secrets of Highly Profitable Traders Part-1 1. Passion and Fire to Keep going The most successful traders are passionate about what they do. They love trading however taxing it might become and they are ready to put lot of hard work.With such a trader, you will find that the trader enjoys… Read More »
JP Associate JP Associate is approaching its short term upper trend line and trading in perfect rising channel. Any close above 37 gives positonal target of 39 42 and 47 in short term. Failure to close above 37 will see the stock falling back to 34 and 31 odd levels. Intraday Traders can use the… Read More »
FIIs sold 1065 contracts of Index Future (Entered long in fresh 1519 Contracts and 2584 fresh shorts were added) worth 18 cores with net Open Interest increasing by 4103 contracts. Today’s rise also FII are entering shorts at higher levels but only in small quantity. Nifty has taken support at last fibo fan support as discussed and… Read More »
USD INR Hourly USD INR Hourly charts have pulled back from Fibo Channel and heading towards the support of 65. Holding the same bounce back can be expected. towards recent high again where it might form a double top and start its bearish journey. USD INR Daily USD INR chart As par Gann Fann INR… Read More »
Ranbaxy Ranbaxy is taking resistance at upper end of fibo fan Bullish only above 432 for tgt of 466 in short term,Close below 410 will be bearish giving short term target of 377. Buy above 410 Tgt 418,426 and 432 SL 407 Sell below 404 Tgt 400,396 and 385 SL 407 Bajaj Auto… Read More »
Last Week we gave the Trend Deciding level as 9456 and Bank Nifty achieved all target on downside Cool 650 points on downside.Lets analyze how to trade Bank Nifty in coming week. Bank Nifty Hourly Bank Nifty on hourly chart is finding resistance at 50 HSMA,Close above the 50 HSMA@ 9066 on hourly basis will… Read More »