Raghuram Rajan is appointed as the Reserve Bank of India Governor for a three year term, successor to Dr. Subbarao whose term ends on September 4th. Mr. Rajan expected to balance out Central Bank and Government objectives amidst tricky fundamentals Mr. Rajan recent statements and views: . The RBI and Government are on the same… Read More »
FIIs sold 20879 contracts of Index Future (added 25342 Contracts of Longs and 43221 fresh shorts were added) worth 581 cores with net Open Interest increasing by 71563 contracts. So as per data analysis, FII are still in shorts net to net basis. It was black day for Indian markets as India markets out of… Read More »
W.D.Gann’s Rules: No One Owes You Anything You must succeed on your own. It is all up to you. The markets, stockbrokers, brokerage firms, news letters don’t owe you anything. Gann never took anyone’s newsletter. He did it all himself. The markets are there to provide you a service for buying and selling the markets you are… Read More »
DLF DLF stock is forming a falling wedge pattern on daily chart which is bullish sign, after falling like 9 pins DLF has formed an DOJI, which as per technical analysis is signalls pause in downtrend. Holding 124 from next 3 days stock can bounce back to 144 odd levels in short term. Buy above… Read More »
FIIs sold 13044 contracts of Index Future (Book profits in 5183 Contracts of shorts and 7861 fresh longs were sold) worth 357 cores with net Open Interest decreasing by 2678 contracts. So as per data analysis, FII are exiting longs and added shorts in NF and Bank NF. Was GOI responsible for crash in FT… Read More »
15 years ago as middle aged traders on Dalal Street, we saw the emergence of stalwarts like Dr RH Patil and some techies like Jignesh Shah of Financial Technologies. People used to talk in whispers how the Rs 40 stock of FT would make billionaires many times over for Indian investors. The reason was simple,… Read More »
USD INR Daily USD INR chart is forming a double top pattern and any close above 62 will invalidate the pattern. Also many brokerage are coming out with aggressive target of 65-70 on INR. Which also gives an indication of going short in INR. As par Gann Fann INR is a top of fan suggesting… Read More »
Reliance Reliance is forming an descending triangle near its support zone of 842, Unable to hold the same stock can go down sub 800 levels.Pattern gets invalidated on close above 882. Buy above 860 Tgt 869,880 and 890 SL 856 Sell below 847 Tgt 839,830 and 824 SL 851 Reliance Capital Reliance Capitals as… Read More »
Last week we gave Trend Deciding level as 5898 Nifty Nifty achieved all 3 target on on downside :).The stock market remains closed on Friday, 9 August 2013, on account of Ramzan Id. Nifty Hourly Chart Nifty Hourly charts trading in perfect down trending channel,Break of channel comes above 5761 on closing basis. Nifty Gaps… Read More »
RBI maintained “Status Quo” in the RBI policy, Weekly Trend Deciding level of 10336 achieved the third target on downside Cool 377 Points pocked by positional traders in matter 3 days as trade was over on Wednesday :). Bank Nifty Technical are shaping out and are we seeing a relief rally chances? The stock market… Read More »