FIIs sold 29492 Index Future worth 858 cores with net Open Interest decreasing by 21814 contracts.FII’s went for fresh shorting in Nifty Futures and in Bank Nifty futures. The Huge Secret for Successful trading Nifty closed below its 200 DMA yesterday and today we saw the follow up down move, after RBI Policy came as… Read More »
Over many years of trading, I’ve found certain principles to be true. Understanding and using basic principles provides an anchor of sanity when trading in a crazy world. Whenever I find myself under stress, questioning my judgment or my ability to trade successfully, I pull out these basic trading principles and review them. Don’t Try… Read More »
DR REDDY DRL stock on daily chart is trading near its Fibo Fan support and any close below 2205 will drag stock to 2100 and 1974 in short term. Able to close above 2207 stock can rocket back to 2351 odd levels. Buy above 2240 Tgt 2254,2272 and 2294 SL 2221 Sell below 2184 Tgt… Read More »
FIIs bought 1071 Index Future worth 23 cores with net Open Interest decreasing by 4199 contracts.FII’s went for short covering in Nifty Futures and in Bank Nifty futures. FII’s are going neutral for RBI event. Secret for Successful trading Nifty closed below its 200 DMA, before the crucial RBI Policy. Nifty opened with a… Read More »
Trading requires, the right mindset for success. You must be confident in your decisions because they are based on cause and effect, not on emotions or opinion. Negative people who are unsure of themselves are not successful in any field. You need faith in yourself and your methods to be able to persevere and not… Read More »
Reliance Capital Reliance Capital Stock was unable to cross the Fibo fans and also price got rejected near 200 DMA.Stock has seen a correction till 365 which a very important support level.Any close below 364 will give a swift correction till 343 odd levels. Close above 377 gives short term target of 411. Buy above… Read More »
Sensex after closing at 2.5 Year declined 600 point from high as market participant sold shares after the RBI took additional steps to tighten liquidity to shore up the rupee. Rupee was the only gainer from last week closing at 5 week high.RBI policy on 30 June and Monthly closing at 31 will add more… Read More »
RBI Governor shocked the market participants on 24 July evening with increase in Interest rate to stabilize the rupee, Weekly Trend Deciding level of 10946 achieved the first target on upside and than collapsed to achieved all weekly target on downside. Cool 600 Points pocked by positional traders in matter of week :). Lets see… Read More »
Exit from your trading positions is an important quality a succesful traders needs to develop.-The exit is critical to being a successful trader. Let your winners run and your losers run out quickly. Two factors determine your exit, the Target and the Stop loss you have set on entering the trade. Today was a classic example, for trades who… Read More »
Mcleod Russel Mcleod Russel stock on daily chart is forming a perfect symmetrical triangle, Triangle breakout happens above 289 and breakdown below 275.So watch out for breakout/breakdown move. Positional target for breakout comes at 325 and breakdown comes at 254. Buy above 283 Tgt 287,293 and 298 SL 280 Sell below 276 Tgt 271,266 and… Read More »