As discussed last week USD INR achieved all target above trend deciding level 56.USD is very near to ots life time high of 57.28 and any close above 56.75 will lead towards the life highs. Lets analyze USD INR technical for coming week. USD INR 4 Hour Chart USD INR 4 hour chart has closed… Read More »
Last Week we gave Bank Nifty Trend Deciding level as 12922 ,stopped out on upside and achieved 2 downside targets. RBI governor has given hint Inflation is still high, cutting hope of rate cut putting pressure on Bank Nifty further. So lets discuss how to trade Bank Nifty in coming week as its an expiry… Read More »
Last week was roller coaster ride, Nifty closed at Life time Settlement high at 6131, But bad GDP data and Slide in Rupee spooked sentiment on street and Nifty closed with deep cut of 138 points, wiping of gains of 4 day in single session. OFS worth 15000 cores will be coming in Month of… Read More »
Day trading is not an easiest job to do,There have been studies to prove that only 10% day traders actually make money. 7% of those day traders are breaking even and 3% are the traders that are actually making money. Let me share my experience what qualities a trader require to be a professional day… Read More »
The first attraction for someone to enter market is the fantasy world of day trading where Traders think they can make huge money on small capital taking huge leverage. The attraction of day trading is that traders can very much control their own hours. Most of traders who gets involved in day trading are not… Read More »
The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation, has released the provisional estimates of national income for the financial year 2012-13 and the quarterly estimates of Gross Domestic Product (GDP) for the fourth quarter (January-March) of 2012-13, both at constant (2004-05) and current prices. 2. The CSO has also released the corresponding… Read More »
HDIL HDIL declined after posting bad set of numbers, Stock is approaching its falling trendline support of and demand zone of 43-44 range.Resistance on upside comes at 47 odd levels. RSI is showing positive divergence. Buy above 45.5 TGt 46.5,47.7 and 49 SL 44.6 Sell below 43 Tgt 41.8,39.6 and 38 SL 44 ITC… Read More »
FIIs bought 37842 Contracts of Index Future ,worth 1168 cores with net Open Interest increasing by 47254 contracts, FII made fresh longs in market.Are you ready for Trading? As expected Nifty closed above 6100, Tomorrow we have Q4 GDP data coming Exp 4.8%, Prior 4.5% and we have monthly closing also, Bulls will try to… Read More »
May Expiry is coming to an end, Have a look at your ledger and see were you able to make profit for the series. If yes Well and Good If no ask yourself the following questions: 1. Do I treat my trading like a business? Have I prepared for it the way I would for… Read More »
Interesting Observation From Historical Stock Market Moves What happened in Japan last week (a 14% decline after a 85% rally since last fall) is an example of markets getting ahead of the facts on the ground. But what happens next? After a 70% run-up over 6 months, how have stocks performed? The… Read More »