FII’s sold 7265 contract of Index Futures worth 258 cores (4.8 K longs were squared off and 2.3 K shorts were added in Index Future) with net OI decreasing by 2.4 K contracts.FII’s were square off more today. This is what we discussed in past analysis As per classic TA Bulls market take support at… Read More »
Every day money flow from trader to trader, from market to market. Many traders are just happy to dip their bucket in and take a share each day for themselves. But where does the money flow? Every day options lose time value, options sellers blow up, shorts cover for a loss, trends take place, people… Read More »
Hindalco Any close above 145 give short term target of 149 and 157. Buy above 145 Tgt 147,150 and 153 SL 144 Sell below 141.5 Tgt 139,137 and 133 SL 143 PFC Any close above 202 give short term target of 212 and 233 in short term. Buy above 203 Tgt 205.2,209 and 215… Read More »
Nifty has gained 38 % since Sept. 13 when NaMo was officially anointed as Prime ministerial candidate. Exit poll and outcome of the election. IIP, WPI and CPI data due next week. Lets analyze how to trade Bank Nifty before the Lok Sabha election results. Bank Nifty Hourly Elliot Wave Analysis Bank Nifty hourly charts… Read More »
Last Week we gave Chopad level of 6726, Nifty did 2 target on upside and 1 target on downside .Nifty has gained 17 % since Sept. 13 when NaMo was officially anointed as Prime ministerial candidate. Exit poll and outcome of the election. IIP, WPI and CPI data due next week. Lets analyze how to… Read More »
The index-based market-wide circuit breaker system applies at 3 stages of the index movement, either way viz. at 10%, 15% and 20%. These circuit breakers when triggered bring about a coordinated trading halt in all equity and equity derivative markets nationwide. The market-wide circuit breakers are triggered by movement of either the BSE Sensex or… Read More »
Lok Sabha Election results will be out of 16 May. Lets discuss the possibility of NDA gaining the magic Figure of 272 The NDA performance in 2009 election was BJP (116 Lok Sabha seats), Shiv Sena (11) and Shiromani Akali Dal (4). To achieve the magic figure of It must more than double its present… Read More »
BHEL Buy above 185.6 Tgt 187,189.5 and 193 SL 184 Sell below 182.5 Tgt 180.3,177 and 174 SL 184 Apollo Tyre Buy above 170.5 Tgt 172.4,174 and 176 SL 169 Sell below 168 Tgt 166,164 and 162 SL 169 Reliance Capital Holding 343 stock is heading towards 356,364 and 377. Buy above 347 Tgt… Read More »
FII’s sold 8987 contract of Index Futures worth 300 cores (11.2 K longs were squared off and 2.2 K shorts were squared off in Index Future) with net OI decreasing by 13.4 K contracts.FII’s were square off more today. 6656 got broken and Nifty moves down to 6638 which is near 50% Fibo retracement. Any… Read More »
Rules that I can live by: my rules have to be rules that I stand a good chance of keeping, not the kind that I will follow for one day and then give up the next. I’m not the kind of trader that can follow rules mechanically, like if x happens 3 times then do… Read More »