FIIs sold Index Future of 2 cores with net Open Interest decreasing by 2995 contracts,with the Rupee going in downward spiral FII have just stop the fund flow to India and the reason we are seeing nominal selling in Index Futures and consistent selling of 100+ cores in cash market. Fall In Rupee is a… Read More »
Dollar trading at 3 year High As discussed US Dollar at 3-Year High USD has touched its 3 year High at 84.3, US stock market are at life highs,Strength in USD indicated recovery in US economy, We have seen a slew of data indicating the same. Housing Market is recovering, Job situation is improving which… Read More »
As discussed INR hit all time low against USD so lets analyze how will falling rupee affect the budget and personal finances of common man. Here’s how a weak rupee will affect “Aam Adami” 1. Increase in Petrol and Diesel Price: Indian is largest importer of crude oil. With Rupee trading at all time low… Read More »
Indian Rupee breached its all time low of 57.32 and made a new all time low at 57.87. Disappointing data from China and slightly better-than-expected US jobs data have put more pressure on Rupee. The rupee has been falling sharply since the start of May on concerns that the U.S. Fed may withdraw its monetary… Read More »
Last week we gave Trend Deciding level as 6032 Nifty achieved 2 weekly targets on downside. Key Events next week : Wednesday: April industrial output, May CPI inflation and Friday: May WPI inflation Nifty Hourly Chart Nifty Hourly charts are trading in triangle formation with range contraction going on .Break of 200 HSMA, has given… Read More »
Confidence is trait which a trade needs to develop to make money on consistent basis.Trading success is achieved when trader is able to execute trades confidently and overcoming trading emotions. Traders can develop confidence in long run when they have a back-tested strategy on whom they trust without any doubt, a trading plan to work… Read More »
One of the most successful trait of Professional traders have is ability to control their emotions. So Lets discuss today how an amateur traders can also acquire skills to control their emotion in the heat of moment when quick decision needs to be taken during trading . Use Your Brain I definitely think every trader… Read More »
Two weeks ago, with its current account getting crushed by relentless gold imports, India’s finance minister Chidambaram literally begged the people to stop buying gold. Judging by the popular response, the ongoing physical shortage, and last night’s increase in Indian gold import duties from 6% to 8%, appealing to people’s feeling when it comes to… Read More »
Rel Infra Rel Infra High Beta Stock is stuck is trendline crossover range, which is very unique pattern and gives good trading moves for quick gains. Buy above 385 Tgt 388,391.5 and 397 SL 382 Sell below 374 Tgt 370,366 and 362 SL 378 Canara Bank Canara Bank has broken its triangle pattern on downside… Read More »
FIIs sold 38239 Contracts of Index Future ,worth 1135 cores with net Open Interest decreasing by 26231 contracts, FII are still booking profit in positional longs, no shorts taken on positional basis. INR hits 57, Reason for Rupee Weakness As we have been talking from past 2 trading sessions Nifty is near moving average support… Read More »