With the State Election results coming on 8 December and Exit Polls predicting a thumping victory of BJP, and Market reacting with a Big Thumbs up. So many traders asked me Do exit Polls give us accurate information and can we trust them ? Let me elaborate the whole process. Here are some of the… Read More »
Hindustan Unilever Buy above 574 Tgt 577,582 and 585 SL 572 Sell below 571 Tgt 569,566 and 561 SL 572 ICICI Bank Buy above 1077 Tgt 1085,1094 and 1105 SL 1067 Sell below 1058 Tgt 1050,1040 and 1030 SL 1067 Larsen Buy above 1054 Tgt 1062,1072 and 1084 SL 1050 Sell below 1040… Read More »
The results of elections in five states — Chhattisgarh, Delhi, Madhya Pradesh, Mizoram and Rajasthan — will be declared 8 December.Results could well influence which party comes to power in the national elections that are due by the end of May. Many investors are hoping the state elections will show strong support for the Bharatiya… Read More »
FIIs bought 4451 contracts of Index Future worth 134 cores (11318 Longs were added and 6867 shorts were added ) with net Open Interest increasing by 18185 contracts, so FII’s added both long and short in Index futures suggesting volatile move ahead in next 2 days. Nifty after forming double bottom at 5972 rallied till… Read More »
India VIX is a volatility index based on the index option prices of NIFTY. India VIX is computed using the best bid and ask quotes of the out-of-the-money near and mid-month NIFTY option contracts which are traded on the F&O segment of NSE. India VIX indicates the investor’s perception of the market’s volatility in the… Read More »
HCL Tech Positional traders should look for close above 1140. Any close above it stock is heading towards 1220 Unable to close above it 1076 in short term. Buy above 1140 Tgt 1154,1175 and 1200 SL 1131 Sell below 1128 Tgt 1118,1100 and 1076 SL 1132 Hero Moto Buy above 2062 Tgt 2090,2122 and… Read More »
FIIs bought 16783 contracts of Index Future worth 520 cores (18043 Longs were added and 1260 shorts were added ) with net Open Interest decreasing by 19303 contracts, so FII’s added both long and short in Index futures. Nifty after forming double bottom at 5972 rallied till 6228 and closed above 6200 today. Nifty is… Read More »
Petronet Buy above 133 Tgt 134.4,136.4 and 139 SL 131 Sell below 130 Tgt 128.8,127.4 and 125.3 SL 131 Asian Paints Buy above 505 Tgt 507.5,511 and 514 SL 503 Sell below 502 Tgt 501,498 and 495 SL 503 Indusind Bank Buy above 425 Tgt 428,432 and 438 SL 422 Sell below 420… Read More »
Bank Nifty Hourly Bank Nifty hourly charts are showing negative divergence in leading indicators unable to cross 11232 and breaking 11040 negative divergence will come in effect. Bank Nifty Daily Bank Nifty on daily chart will face resistance at its 200 DMA@11232,Unable to cross the same will show an intital dip towards 10900 levels Crossing… Read More »
Last Week we gave Weekly Chopad level of 6000 Nifty did the almost three target on upside.Next week will be very volatile hence traders are advised to trade with caution. Nifty monthly closing have lost the momentum as were unable to close above 6200 and Weekly charts are already in downturn and this being an… Read More »