How to make money trading stocks/Commodities (a) Identify the reason for the trade (b) A Stop Loss (c) A profit target or trailing stop mechanism (d) The point at which you accept that the trade is not working even if the stop did not hit. (e) Number of shares / contracts that you will hold.… Read More »
1. FIIs sold 3214 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 99 cores with net Open Interest decreasing by 1810 contracts. Importance of Effective Trading Plan in trading profitably 2. As CNX Nifty Future was down by 31 points with Open Interest in Index Futures decreasing by 1810, FII hve… Read More »
ICICI Bank ICICI Bank we had discussed few days before pulled back from the resistance of 1232 and is back to 1167 which is a trendline support.Holding the low of 1167 bounce back can be expected. Buy above 1180 Tgt 1192,1203 and 1216 SL 1167 Sell below 1165 Tgt 1158,1145 and 1122 SL 1172… Read More »
RBI delivered what market was expecting cut in Repo and CRR but Nifty has been down from past 5 trading session. As the rate cut had already been factored in by the markets and profit booking followed. Many traders were surprised the way Nifty behaved, market always behave irrationally and its always better to trade… Read More »
“Trend is Your Friend” , “Never Challenge the Trend” are true market adage and doctrine for traders. But when one looks at History of Financial market be it be stocks,commodity or Foex , Market does 80% of move in 20% of time and remaining 80% of time they are in non-trending, or “sideways” fashion.… Read More »
Interesting Article complied from en.wikipedia.org/wiki/List_of_trading_losses #10 Under the leadership of CEO Heinz Schimmelbusch, German metals and engineering giant Metallgellschaft was on the brink of bankruptcy after losing $1.3 billion on speculative bets. The firm bet on an increase in oil prices in oil futures markets, but oil prices dropped instead. Full Article #9 Robert Citron lost $1.7 billion for Orange… Read More »
PFC PFC has been giving good trading opportunity, as trading in tight band of 203-213.Buy Support and Sell resistance is an ideal strategy to follow in PFC till we see either Breakout or Breakdown. Sell below 210.2 Tgt 208,204.5 and 202 SL 213 Buy above 214 Tgt 216.3,217.5 and 219.5 SL 212.5 PNB PNB… Read More »
1. FIIs sold 16409 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 458 cores with net Open Interest decreasing by 113531 contracts. Importance of Effective Trading Plan in trading profitably 2. As CNX Nifty Future was down by 25 points with Open Interest in Index Futures decreasing by 113531, there is… Read More »
Success is defined by the achievement of pre-established goals. The key to becoming a successful trader is identifying, quantifying, strategizing, implementing, tracking, analyzing, learning and growing as a conscious person. You see, there is no such thing as “easy money”. Let’s get this upfront right now, trading is not easy and not for just… Read More »
ICICI Bank ICICI Bank will be coming up with its results today,stock has already rallied in expectation of good results. Technically trading in a risisng wedge pattern which is bearish once the lower rising trendline gets breached. Buy above 1214 Tgt 1222,1231 and 1240 SL 1203 Sell below 1201 Tgt 1194,1184 and 1175 SL… Read More »