FIIs bought 1948 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 62 cores with net Open Interest increasing by 24122 contracts, so again long addition by FII. Do and Don’ts before you start trading After big move yesterday its time for market to catch its breath and nifty consolidated in our… Read More »
1. Caution. Excitement (and fear of missing an opportunity) can often persuade you to enter the market before it is safe to do so. After a downtrend, a number of rallies may fail before one eventually carries through. Likewise, the emotional high of a profitable trade may blind us to signs that the trend is… Read More »
As discussed in the following post How a Fibonacci Ratio Showed an Important Resistance and Support Level in Gold After retracing 61.8% of the gold crash, spot gold prices have fallen back and are now trading back under the psychologically important $1400 for the first time in four weeks. This also ascertain to our fact… Read More »
IDFC IDFC has been trading a in a downtrend channel and has given a breakout above the channel and closed above its 200 DMA also with a bullish engulfing pattern. Stocks looks ripe to touch its next level of resistance@162 Buy above 159 Tgt 160.5,162.3 and 165 SL 158 Sell below 156 Tgt 154,152 and… Read More »
FIIs bought 8097 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 246 cores with net Open Interest increasing by 24963 contracts, so again long addition by FII. Want to be Successful Trader ? As discussed yesterday Nifty is set to make a decisive move and market oblized us. Losses which were… Read More »
Nifty at 28 Month High Sensex above 20000, but how many traders went long in market in morning trade. Yesterday as i discussed Nifty gave whipsaw and we were expecting a explosive move. It came, but million dollar question did traders went long in morning or kept shorting at higher levels. Well i have emphasized… Read More »
Nasdaq -100 does it after 13 long years and with over 4 trillon of liquidity pumped by fed. Its up more than 195% from the Nov 2008 lows during the financial crisisi. After 13 long years , the Nasdaq-100 has now broken back above the magical 3000 level. 3000 level first seen in… Read More »
Tata Global Tata Global has formed a swing high at 153.4, stock has been falling from that level. Today’s fall it took support at falling trendline at 139. Holding the same bounceback can be expected else 130 odd levels are on cards. Buy above 142.5 Tgt 144.5,146 and 149 SL 141 Sell below 139.5 Tgt… Read More »
Fibonacci Ratio are very powerful and works perfectly in commodities. Below is the 4 hour chart of gold showing perfect support at 38.2% and Resistance at 61.8% retracement
FIIs bought 10918 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 325 cores with net Open Interest increasing by 39232 contracts, so again long addition by FII. Want to be Successful Trader ? Today was the taxing day for traders as Nifty kept swinging between positive and negative terrain. Traders following… Read More »