Rupee breached the sacrosanct 57 mark in today’s trade which was last seen on 28 June 2012 plunged almost 5% for the month of May. Rupee is very near to its all time low of 57.32 Reason for Rupee Hitting 52 Week Low 1.Dollar trading at 3 year High As discussed US Dollar at 3-Year… Read More »
United Spirits United Spirits is trading near lower end of uptrending channel, with formation of DOJI candlestick in yesterday trading session.Bounceback is expected to higher end channel once it crosses 2553 odd levels. Buy above 2513 Tgt 2544,2572,2601 SL 2495 Sell below 2480 Tgt 2455,2421 and 2401 SL 2495 Sun Pharma Sun Pharma after… Read More »
FIIs sold 20096 Contracts of Index Future ,worth 597 cores with net Open Interest decreasing by 2288 contracts, FII are still booking profit in positional longs, no shorts taken on positional basis. Professional Trader Trading Rules As discussed in Weekly Analysis, Nifty is approaching near the crucial support of Trend line crossover and moving averages… Read More »
It is clear that Western capital markets no longer generally regard gold as money. It has been relegated to the status of a risk asset, useful collateral, or simply a commodity with a history of being used as money. This is a mistake. The great Austrian economist, von Mises, wrote that true money had to… Read More »
DLF DLF after breaking the crucial support of 228 has been falling like 9 Pins, DLF is trading near the Fibo Fan support of 188, Holding the same pullback can be seen, else downfall will continue to next fibo support of 174. Buy above 195 Tgt 198,200 and 203 SL 193 Sell below 191.5 Tgt… Read More »
FIIs sold 14186 Contracts of Index Future ,worth 420 cores with net Open Interest decreasing by 8188 contracts, FII kept booking profit in Longs they rollovered. Professional Trader Trading Rules As discussed in Weekly Analysis, Nifty is approaching near the crucial support of Trend line crossover and moving averages support. Updated chart is shown below.… Read More »
Day trader vs professional trader. Rules are what separate a day trader from a professional trader. The only good time to break a rule is never. Barriers are made to be broken not rules, you can have one or the other not both. The most important rule. A trader must create their own rules. They… Read More »
Tata Motors Tata Motors is approaching its downward falling trendline and Fibo channel signalling upside is limited. Buy above 313.5 Tgt 316.5,319 and 321 SL 312 Sell below 309 Tgt 306,304 and 301 SL 313 IDFC IDFC is taking support at its long term trendline and formed an inside day pattern. Buy above… Read More »
FIIs sold 36087 Contracts of Index Future ,worth 1076 cores with net Open Interest decreasing by 26089 contracts, FII kept booking profit in Longs they rollovered. Trading Success Mantra from John Murphy As discussed in Weekly Analysis, Nifty is approaching near the crucial support of 5930 which is 38.3% Fibo Support and Trend line crossover… Read More »
“My work has gotten better due to simplifying my approach,” John J. Murphy Murphy said he relies heavily on five or six “useful” technical indicators, including relative strength indicators, trendlines, moving averages, Bollinger bands, classic chart patterns such as triangles and double tops, and Fibonacci retracement levels. “You must trade a combination of technical signals,… Read More »