By Robert Prechter, Jr. President and Founder of Elliott Wave International When I first began trading, I did what many others who start out in the markets do: I developed a list of trading rules. I created the list piecemeal, with each new rule added, usually, following the conclusion of an unsuccessful trade. I continually… Read More »
Axis Bank Axis bank has been trading in range of 1530-1445, from past 10 trading sessions. Break of the range below 1445 can see the stock correcting till 1370 odd levels. Buy above 1457 Tgt 1464,1474 and 1484 SL 1452 Sell below 1444 Tgt 1434,1425 and 1413 SL 1452 ITC ITC, which has the… Read More »
FIIs sold 1312 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 39 cores with net Open Interest decreasing by 20896 contracts, so liquidation by FII and no shorts taken as of now. Should Gold be bought on Akshaya Tritiya As discussed in Weekly analysis for momentum to continue Nifty should cross… Read More »
Today we have the auspicious occasion of Akshaya Tritiya, It is considered to be an auspicious day for buying precious metals in the Hindu culture.Most of people will be buying Gold as “Shugan” but should you invest heavily in Gold now as it has come down from high of 33K to low of 26K. My… Read More »
As discussed last week USD INR is near an all important support of 53.84, Holding the same bounceback is expected. USD Crossed our Trend Deciding level 54.15 and achived our target of 54.98 . Lets analyze USD INR technical for coming week. USD INR 4 Hour Chart USD INR 4 hour chart has broken out… Read More »
Last Week we gave Bank Nifty Trend Deciding level as 12363 and it did 1 target on downside and achieved all upside targets. As discussed in Nifty Weekly Analysis, Nifty gave a breakout but Bank Nifty will give only above 12800, So lets discuss how to trade Bank Nifty in coming week. Bank Nifty Hourly… Read More »
Nifty closed above 6100 first time in 2 years on the auspicious eve of Aksahy Tirtha , Developed markets are life time highs and nifty is also following suit. After RBI disappointment, Bulls were back on their feet and got the momentum back. Many traders are shorting the Nifty, thinking we cannot go further than… Read More »
As any other Business, Losses are part of trading , As a trader you are going to losses money and some point of time. Most of traders search for “Holy Grail” trading system which give them accuracy of 80-90%. Such system are advertised all over, Tip provider claim we give you 90% accuracy tips but… Read More »
Trading is a Skill and it takes time to develop the Skill.Trading is simply like learning to drive a car, it is a skill that anyone can learn. Trading doesn’t take extreme intelligence or any superhuman gifts, it simply is hard work, just like learning to drive a car. Any person who need to become… Read More »
Jubilant Food Jubilant came up with a bad set of numbers, stock took a beating in last 1 hour. Stock closed below important support of 1020which stock has held from past 1 year. Break of 1020 on weekly basis will spell trouble for bulls. Buy above 1030 Tgt 1045,1055 and 1073 SL 1018 Sell below… Read More »