As discussed last week USD INR achived all target above trend deciding level 55.20.USD is very near to ots life time high of 57.28 and any close above 56.4 will lead towards the life highs. Lets analyze USD INR technical for coming week. USD INR 4 Hour Chart USD INR 4 hour chart will enter… Read More »
Last Week we gave Bank Nifty Trend Deciding level as 13355 ,stopped out on upside and achieved all downside targets. Bank Nifty has made a fresh lifetime high of 13414 but was not sustainable on upside and gave way for profit booking as soon it start trading below our trend changer levels. So lets discuss… Read More »
Japan was the talk of the capital market last week, with Nikkie falling more than 1500 points in single day and post Lehman era scare was running down the streets. Indian Markets were also affected in global mayhem and Nifty falling and closing below 6000. Next week in May F&O expiry and market is bound… Read More »
Maslow one commented that, when all you have is a hammer, you tend to treat everything as a nail. So it is with psychologists that involve themselves in markets. Lacking an understanding of actual speculative strategies and tactics–not to mention portfolio construction–they reduce performance problems to the lowest, psychological denominator. In so doing, they confuse… Read More »
Many traders have asked me this question, What shall be my Seed capital for trading. Shall this be 50K , 1 Lakh, 10 Lakh etc. Well as a trader you need to take informed decisions before you commit your capital to Mr. market. Its a well known fact many of traders enter market due to… Read More »
DLF DLF has broken below its trading range of with a bearish engulfing pattern,and is now very near to its trendline crosover zone, break below 210 stock is heading sub 200 levels. Buy above 215.5 Tgt 218, 221.2 and 224 SL 211 Sell below 210 Tgt 207, 204 and 200 SL 212 Bajaj Auto Baja… Read More »
FIIs sold 16077 Contracts of Index Future ,worth 496 cores with net Open Interest decreasing by 28723 contracts.Why traders lose money Nifty opened gap down today after US Fed talk spooked world markets, Japan leading from front down almost 1500 points from high of the day, Japanese Stocks crashes 8% . I am firm believer… Read More »
“Most people think that they’re playing against the market, but the market doesn’t care. You’re really playing against yourself”. – Marty Schwartz. – I’ve said it before, and I’m going to say it again, because it cannot be overemphasized: the most important change in my trading career occurred when I learned to divorce my ego… Read More »
Nikkie Japenese Stock market Plunge Over 1500 Points in 1 day from its highs and down 1150 (over 7%) from yesterday’s close- Biggest Drop In 26 Months All the time it is just the quadrillion JPY second-largest bond market in the world that is experiencing volatility on an unprecedented scale, the BoJ and her partners… Read More »
Bharti Airtel Bharti has formed a double bottom and double top and tranding firmly in its trading range of 302-332. Till stock keep trading in the range, Positional traders need to play for 30 points Buy at lower end and sell at higher end. Buy above 313 Tgt 315.2, 317 and 319.5 SL 312 Sell… Read More »