State Bank of India is scheduled to declare its earnings for the quarter ended March 2013 on Thursday tomorrow during market hours around 1 PM. SBI being an index heavyweight will also decide the trend of Nifty. Its a great day to make money if you are on right side of trade. We have covered… Read More »
FIIs bought 18567 Contracts of Index Future ,worth 561 cores with net Open Interest increasing by 228951 contracts. Trading Basics Nifty made a low of 6074 after opening gap up,Nifty has closed below the uptrending channel, follow up action is required to confirm breakdown.Tomorrow SBI results are out which is both Nifty and Bank Nifty… Read More »
Remember that becoming a profitable trader is a journey, not just a destination. The perfect trader does not yet exist. Try to become a better trader each day and enjoy the progress you make. Concentrate on learning the craft of technical analysis and on improving your trading skills, rather than focusing solely on the amount… Read More »
Down Jones closed at record High of 15387 but peculiar thing is its 19 Tuesday in a row Dow has closed positive. Since Feb Dow has gained 10% and most of gains came in Tuesday. If we remove Tuesday’s performance Dow Jones will be up just .5% 🙂 As a gentle reminder, since February 1st,… Read More »
For the reference of readers the performance sheet for the Month of May Expiry has been updated, can be accessed from http://tradingsystemperformance.blogspot.in/.AM happy to share we are in profit of Rs 1.19 lakhs. Hope readers following analysis are also minting money :). Larsen and Tubro LT will be coming out with its results today around… Read More »
FIIs bought 12509 Contracts of Index Future ,worth 384 cores with net Open Interest increasing by 27881 contracts, so FII have started shorting in Index futures mainly Nifty and Bank Nifty as OI is rising significantly and they took longs in CNX IT,DJIA and S&P 500 indices. Commodity Market Risk Nifty made a low of… Read More »
CME Gold futures and CME Silver futures had a most volatile move in recent time yesterday. Precious metals were continued with their fall on monday morning but staged a miraculous recovery leaving gold with its best gain since June 2012. Gold which made a low of $1437 make a sharp pullback in evening session and… Read More »
Bajaj Auto Bajaj Auto has given a triangle breakout and Bulls are trying hard to close stock over 1870 which is 200 DMA. Close above 1870 will change the long term trend of stock and will head towards target of 1930 in short term. Buy above 1870 Tgt 1887,1900 and 1911 SL 1863 Sell below… Read More »
FIIs bought 3947 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 116 cores with net Open Interest increasing by 12307 contracts, so profit booking done by FII in bank nifty future and long in nifty future. Have you take Positional Traders Fear Test Nifty made a new 52 week high @6229… Read More »
As a trader, if you are carrying overnight position, Are you glued in front of computer screen once trading in India Market is over, continuously tracking financial news around the globe. Do you continuously track European market, US markets. Do you have Eagle Eye on SGX nifty and any move against your position increases your… Read More »