The foundation of trading is interconnected As most traders know, trading is finding the correct equilibrium of proper risk management, good analysis and trade strategies, efficient money management, and a balanced (trading) psychology. A trader cannot be successful if one of the elements is not sufficiently developed. Similar to a building, if one of the… Read More »
After having followed a zero interest rate policy strategy and facing a further deteriorating economy in an environment of falling prices (deflation), the Bank of Japan (BoJ) announced the introduction of QE on 19 March 2001 and kept it in place until 9 March 2006. The BoJ chose for a very orderly and gradual unwinding… Read More »
JSW Steel Buy above 956 Tgt 967,977 and 987 SL 948 Sell below 942 Tgt 935,923 and 913 SL 948 Hindalco Buy above 119 Tgt 120,121 and 123 SL 118 Sell below 116 Tgt 115,114 and 112 SL 117 Reliance Capital Buy above 365 Tgt 369,372 and 376 SL 362 Sell below 357… Read More »
FIIs bought 18028 contracts of Index Future worth 549 cores (26909 Longs contract were added and 8881 shorts contract were added) with net Open Interest increasing by 35790 contracts, so FII’s added longs and short both before the Fed event bias remains on long side though. RBI governor Raghuram Rajan played Santa for the Indian… Read More »
1. Don’t try making sense out of it. You’re in an insane asylum – things are not going to make sense, people will do things that don’t make sense, that they cannot adequately explain. People don’t know what makes them tick, only that they tick. 2. Happiness, of course…is all in your head. If you… Read More »
Monetary and Liquidity Measures On the basis of an assessment of the current and evolving macroeconomic situation, it has been decided to: keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 7.75 per cent; and keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 per cent of net… Read More »
FIIs sold 813 contracts of Index Future worth 20 cores (900 Longs contract were sold and 87 shorts contract were covered) with net Open Interest decreasing by 987 contracts, so FII’s were in no mood to carry overnight position before RBI and Fed policy. Nifty continued to fall for 7 straight days, falling for 327… Read More »
BHEL BHEL is showing pullback back to its breakout zone of 152. Positional traders should look for close above 157 for short term target of 165. Buy above 155 Tgt 157,158.5 and 161 SL 154 Sell below 152.5 Tgt 150.5,148.7 and 145 SL 154 Tata Motors Positional traders should look for close above 377… Read More »
FIIs sold 18341 contracts of Index Future worth 564 cores (3387 Longs were added and 21728 shorts were added ) with net Open Interest increasing by 25115 contracts, so FII’s partially adding long but still aggressive on shorts in Index Futures. Nifty continued to fall for 7 straight days, falling for 269 points and took… Read More »
For all the hang-wringing on Wall Street about the Federal Reserve’s expected “taper,” you’d think the central bank was considering a ban on helicopter flights to the Hamptons. Take a deep breath. For most of the rest of us, the Fed’s “tapering” of its massive money flows into the U.S. economy could actually spell good… Read More »