Last Week we gave Chopad level of 6873, Nifty did all 7 target on upside giving 633 points to trend follower .Lets analyze how to trade Nifty before the Lok Sabha election results. Nifty Hourly Chart Nifty Hourly charts are trading in expanding triangle range, spurt up and than cool off and finally closing… Read More »
Given the surge in India’s stock market, echoing the reflexive pro-business exuberance of last year’s Japanese stock market, the similarities between India’s newly-elected PM Narendra Modi and Japan’s Shinzo Abe are coming thick and fast… some good (pro-business), some bad (potential dislike of the US) and some potentially ugly (strong nationalist tendencies). Via… Read More »
Bajaj Auto Buy above 1974 Tgt 1985,2000 and 2024 SL 1964 Sell below 1945 Tgt 1930,1910 and 1890 SL 1955 Adani Enterprises 521 should be closely watched, Closing above it stock is heading to 555 and 610 in short term. Buy above 504 Tgt 511,521 and 529 SL 500 Sell below 495 Tgt 484,474 and… Read More »
As Exit Polls were out yesterday Bharatiya Janata Party (BJP) lead by Shri Narendra Modi is in sight of magic number 272 to reach for a simple majority in the 543-seat Lok Sabha, or lower House of Parliament, in the general election that got completed yesterday. The BSE’s S&P Sensex, India’s most closely tracked stock… Read More »
FII’s bought 6428 contract of Index Futures worth 232 cores (9.3 K longs were added and 2.9 K shorts were added in Index Future) with net OI increasing by 12.2 K contracts. So FII’s going on D day with positive bias. Nifty continued with its consolidation before the D-Day Today was a perfect day of… Read More »
Adani Port Any close above 220 stock is heading towards 233 and 254 in short term. Buy above 221 Tgt 225,229 and 233 SL 217 Sell below 215 Tgt 212,207 and 200 SL 217 SAIL 76 should be closely watched closing above it 81 and 86 are short term target. Buy above 76 Tgt… Read More »
FII’s sold 2878 contract of Index Futures worth 101 cores (9.1 K longs were added and 11.9 K shorts were added in Index Future) with net OI increasing by 21 K contracts. Nifty continued its run and very comfortably closed above 7100 and again created History by closing at 7108.75 same as yesterday close 7108.75.… Read More »
DRL Buy above 2584 Tgt 2600,2620 and 2650 SL 2574 Sell below 2560 Tgt 2540,2520 and 2510 SL 2574 ITC Buy above 367 Tgt 369,371 and 375 SL 365 Sell belw 360 Tgt 357,354 and 350 SL 362 Sun Pharma Buy above 618 Tgt 626,633 and 640 SL 615 Sell below 609 Tgt… Read More »
FII’s bought 42023 contract of Index Futures worth 1500 cores (50.3 K longs were added and 8.2 K shorts were added in Index Future) with net OI increasing by 58.5 K contracts.FII’s were big buyers today once exit polls were out yesterday. Nifty continued its run and very comfortably closed above 7100, How far this… Read More »
Raju couldn’t believe what was happening. Actually, the trade began on a positive note, as per his analysis. He had seen what he thought was a price pattern; an ascending triangle, which looked to hit the top of the resistance line several times and the bottom trend line was about to touch. He heard herself… Read More »