1. FIIs sold 9586 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 312.98 cores with net Open Interest increasing by 24218 contracts. 2. As CNX Nifty Future was up by 53 points with Open Interest in Index Futures increasing by 24218 so FIIs created fresh long in Nifty and Bank Nifty.… Read More »
Q3 results, RBI’s monetary policy review will remain in focus next week and will decide the further trend of Nifty. Q3 numbers have been good till now with RIL and Maruti the major index beating street expectation, Next week ICICI and Rel Infra numbers will be in focus. This weak will be remembered for the… Read More »
Interesting Study by TOI:Indian Retail Investor/trader lost 84000 cores in 18 month period. Thats a Huge sum of money lost by retail traders, so what exactly lead to trading failure of retail traders in Stock market.The difference between success and failure for a trader is wafer thin, Lets elaborate with an example Amateur retail traders… Read More »
Event Calendar Period : 28th January – – 8th February 2013. India • Eight Infrastructure Industries (25-31 Jan) • Jan Market service PMI (5 Feb) • Q1 annual GDP govt estimate YoY% (7 Feb) US • Existing Home Sales (22 Jan) • MBA Mortgage Applications (23 Jan) • Initial Jobless claims (MoM) (24 Jan)… Read More »
Many traders think money can always be made on long side but with this ever changing financial market dynamics money can be made in everyone of market irrespective of Long trade or short trade. When it comes to shorting stock or Index futures , many people are in the dark. It is more challenging to… Read More »
I keep reading through Trading For Living one of the best book ever written, This time i have complied quotes for the benefit of my readers. “The market does not know you exist. You can do nothing to influence it. You can only control your behavior.” “The ocean does not care about… Read More »
IVRCL IVRCL fell 21% yesterday on back of news of Killing of NHAI operator. Stock has broken important support level of rs 36 and closed at 33. Break of 31.7 can take further beating of stock 28-25 odd levels range. Sell below 31.7 Tgt 30.3,29.3,27.5 and 25.8 SL 33 IRB IRB is on verge… Read More »
As Nseindia has still not provided the FII data I am discussing the data analysis without using FII Data stats NS closed at 6019 after making high of 6065 and low of 6008. Nifty bounced from our support level of 6000 as discussed yesterday. Nifty is holding 6000 with terrible breadth, Few stocks like Infy,… Read More »
HDIL HDIL lead the carnage for Mid caps for 3 days in row. Stock is down 30% in last 3 trading sessions, as seen in chart below. It all started with HDIL VP selling 1 % promoter stake on Tuesday with deal valuing 57 cores. Market participants are thinking company is going bankrupt, VP has… Read More »
I’ve heard from many traders that they often take decisions based on instincts. Actually, all non-quants use intuition in some form or another. If you are not using a program that takes all signals that your system produces, how do you decide between several equally good looking trading setups with similar risk to reward? Do… Read More »