Last week we gave Nifty Chopad level of 17126 . Lets analyze how to trade Bank Nifty in coming expiry week. Bank Nifty Hourly Bank Nifty Trendline support comes @ 17700, Bank Nifty can rise all the way to 18500 before any profit booking comes in. Bank Nifty EW Daily Bank Nifty daily chart… Read More »
Last week we gave Nifty Chopad level of 8416 Nifty continued with its upward journey and make new life highs. Reserve Bank of India is scheduled to release the current account deficit (CAD) numbers for Q2 September 2014 on Monday, 24 November 2014, also Winter session will start . We have the expiry week so… Read More »
Nifty BOX Analysis As seen in above Nifty Box Nifty made low of 2252 on 27 October 2008 and High of 6336 on 08 Nov 2010 so height of box comes @ 4084 (6336-2252 =4084) If we Apply the same concept from swing low of 4538 03 Nov 2009, so the current rise… Read More »
1. Successful traders stay neutral: Staying neutral means to be emotionally detached from your trading decisions. I’ve met many day traders that were emotionally suffering for the rest of the day after losing 1000 or even less and when they made 10000 they would be “on top of the world”. They are definitely not trading… Read More »
I like to keep things simple. As Albert Einstein said, “Everything should be made as simple as possible . . . but not simpler.” With that in mind, here is a list of 12 simple rules that I have found to be the key to successful trading. If you’re not getting the results you want… Read More »
IOB Buy above 57 Tgt 57.7,58.7 and 59.5 SL 56.6 Sell below 55.7 Tgt 55,54 and 53 SL 56.6 GAIL Buy above 476 Tgt 480,485 and 490 SL 474 Sell below 469.5 Tgt 466,460 and 455 SL 472 HZL Buy above 163 Tgt 164.3,166 and 167.8 SL 162 Sell below 161.4 Tgt… Read More »
FII’s bought 8.9 K contract of Index Future worth 227 cores, 0.1 K Long contract were squared off by FII’s and 9.1 K short contracts were squared off by FII’s. Net Open Interest decreased by 9.3 K contract , so FII booked profit in shorts in today’s session. Nifty formed a double top @8455 and Evening star candlestick… Read More »
Titan Any close below 364 stock is heading back to 356/343. Buy above 369 Tgt 371,374 and 377.5 SL 366 Sell below 364 Tgt 362.8,359.5 and 354 SL 366 Exide Any close below 157 stock is heading to 152/149. Buy above 160.6 Tgt 162.5,164.7 and 167 SL 158.5 Sell below 157 Tgt 155.8,153.2… Read More »
FII’s bought 6.7 K contract of Index Future worth 106 cores, 1.3 K Long contract were squared off by FII’s and 8.1 K short contracts were squared off by FII’s. Net Open Interest decreased by 9.5 K contract , so FII booked profit in shorts in today’s fall. Nifty formed a double top @8455 and Evening star candlestick… Read More »
“One thorn of experience is worth a whole wilderness of warning.” – James Russell Lowell, American poet. Major equity / Credit divergences should always be taken very seriously. They were among the best forward looking indicators at almost every major turning point for equities over the last 20 years. To recap: In 1998, equities were rallying… Read More »