SBI SBI continued with downtrend after disastrous Q4 result, Stock has closed below its 200 DMA and is taking support at Fibo channel as shown in Chart. Unable to hold 2100 and closing below 2070 will add pressure on downside and levels of 1880 odd levels can be seen in extreme short term. Buy above… Read More »
FIIs bought 13299 Contracts of Index Future ,worth 416 cores with net Open Interest increasing by 40161 contracts, FII made fresh longs in market.Reason for Rupee Depreciation against dollar Tomorrow we have Nifty May Series Expiry, Nifty made low of 5860 and High of 6229 total range of 369 points. May expiry has been volatile… Read More »
As discussed in Morning post Rupee is trading near 8.5 month low,it has plunged almost 3% for the week. FII have been pumping money in India from the start of 2013 and for May alone we have seen flows of $3 Billion mainly in Equities and Debt market. Also with $5.9 Billion Dollar Open offer… Read More »
Indian Rupee is trading at 9.5 month low and has given a breakout above 56. Rupee is currently trading at 56.15 and is heading towards its next important resistance of 56.47. Closing Above 56.47 on weekly basis rupee is all heading towards its life high of 57. USD INR 4 Hour Chart USD INR… Read More »
ICICI BANK Icici Bank is approaching the higher end of trading range at 1238. Stock has been consolidating 1160 to 1230 in past few days. Break above 1240 can see an upmove till 1280 odd levels. Buy above 1240 Tgt 1248, 1258 and 1270 SL 1232 Sell below 1228 Tgt 1221,1211 and 1203 SL 1234… Read More »
Yesterday I gave my analysis on United Spirits, Buy call got stopped out and Sell achieved the target but few traders called me yesterday, “Bramesh Sir, I am still Holding Long in United Spirits as per your analysis, I was bit taken back because we got stopped out in morning trade only and trade was… Read More »
Reliance Reliance formed a bullish engulfing pattern yesterday closing well above its 200 DMA, Now stock faces resistance at its 100 DMA 834 above which it will reach the top end of channel at 850. Buy above 835 Tgt 840, 851 and 855 SL 828 Sell below 819 Tgt 810,801 and 784 SL 822 … Read More »
FIIs bought 5526 Contracts of Index Future ,worth 167 cores with net Open Interest increasing by 5804 contracts, FII made fresh longs in market.Trading lessons As discussed in Weekly Analysis Nifty took support at important level of 5937 which was 38% retracement which gave us good level to do partial profit booking and today our… Read More »
Trading lessons from worlds best traders sharing their experience in one liner. Must read for trading community. On the school of hard knocks: The game taught me the game. And it didn’t spare me rod while teaching. It took me five years to learn to play the game intelligently enough to make big money when… Read More »
HDFC HDFC is forming an ascending triangle with breakout coming above 917, Positional traders can take long above 917 for target of 950 in 1 month time frame. Intraday Traders can use the levels below to trade . Buy above 911 Tgt 914, 917 and 921 SL 906 Sell below 903 Tgt 900,894 and 889 … Read More »