FIIs sold 569 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 13 cores with net Open Interest increasing by 6211 contracts.FII’s have booking profit in longs and shorting Index on conservative basis. FII average trading price comes at 4433 suggesting all they have done in intraday trading on RBI day. The… Read More »
DLF DLF has been bouncing from Fibo Channel support from last 5 times.Above is 4 hour chart of DLF and 222-225 has provided support and lead to bounceback till 250 odd levels. Buy above 234 Tgt 237,240 and 244 SL 231.5 Sell below 230 Tgt 227.5,223.5 and 219 SL 232 Tata Motors Telco achieved… Read More »
Bank Nifty Hourly Bank Nifty has been facing resistance at 50 Hourly SMA @12585.Holding 12361 upmove till 12585 can be seen. Bank Nifty Daily Bank Nifty has broken the up trending channel and took support at upper gap area of 12363, Holding 12363 one more attempt to cross and close above 1283 will be made… Read More »
Nifty touched 6000 first time since Feb month, RBI disappointed the street with just 25 BPS cut and hinting scope of further rate cut is limited. It has spoiled the bullish momentum on the Street. May month has started and Stock market well know adage “Sell in May and Go away”. So lets see how… Read More »
Losses is one thing which most of traders fear but its an part and parcel of traders life.The more you fear from them, more will they come to you. So as a trader you should understand how to deal with trading losses. First of all, understand that losses are a necessary part of any risk… Read More »
Reliance Infra Rel Infra has been rising steadily from 315 levels and is near an important resistance of 395, unable to cross 50 SMA can see pullback in stock.Last time it touch 50 SMA @524 and corrected till 315. So tomorrow is an important day of trading. Buy above 398 Tgt 405,412 and 420 SL… Read More »
FIIs bought 22289 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 663 cores with net Open Interest increasing by 46929 contracts.FII’s are entering the RBI policy with long bias. The Big Trader’s Secret In yesterday’s analysis we discussed about Nifty forming an exhaustion gap and we were proved wrong by market… Read More »
What is the Ultimate goal of trader who trades Futures/Stocks or Commodity? The answer is quiet simple Profits. But majority of trades never achive their trading goals and are wiped out of the market. However, there are a few general trading tenets to which all successful traders have subscribed. One such trading tenet is “losing… Read More »
IDFC IDFC is having strong resistance at its 100DMA and strong support at its 200 DMA IDFC broke 200 DMA on closing basis on Tuesday follow up move should come today. Buy above 154 Tgt 156,157.8 and 159 SL 153 Sell below 152.5 Tgt 150,148 and 145 SL 153 Tata Motors Tata Motors is approaching… Read More »
FIIs sold 876 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 27 cores with net Open Interest increasing by 13946 contracts.The stock market remains closed on Wednesday, 1 May 2013, on account of Maharashtra Day. Trading Holiday for 2013 can be seen on this link. Trading Mistake:Lack of Patience. Nifty formed… Read More »