FII’s bought 4.7K contract of Index Future worth 192 cores, 7.6 K Long contract were added and 2.8 K short contracts were added by FII’s. Net Open Interest increased by 4.7 K contract , so FII added both long and shorts in Index futures. Nifty again made a new high @ 8180, Volumes have been falling… Read More »
Axis Bank Any close below 411 stock is heading back to 397/390 in short term. Buy above 416.5 Tgt 418,421 and 424 SL 414 Sell below 413 Tgt 410.5,408 and 405 SL 414.5 Biocon Buy above 500 Tgt 504,510 and 515 SL 498 Sell below 497 Tgt 494,490 and 486 SL 499 CESC… Read More »
Bank Nifty Hourly Bank Nifty hourly charts is near its rising trendline support break of 15950 can see a downmove till 15750. Else new high is coming again holding 15950 Bank Nifty Hourly Elliot Wave Bank Nifty hourly EW is shown as above. Bank Nifty Daily Bank Nifty daily has given a textbook style… Read More »
Nifty Hourly Chart Nifty Hourly charts trading in channel and near channle bottom, Holding 8050-8030 range nifty can scale back to new high, else correction till 7950 on cards. Nifty Daily Chart Nifty daily chart is near its upper trendline and also Bulls indicator is making negative divergence suggesting caution at higher levels. Range… Read More »
Using the Similarity in Price Action of Year 2009 we are trying to analyze the way forward for Nifty in remaining of 2014 Bulls have been riding the Dalal street from Feb Month and got in momentum after May 16 election results. Analyst on Streets have been talking about 8500/9000 odd levels and every dip… Read More »
During my trading session, I always ask amateur traders to start trading in Nifty Futures instead of Stocks. Here is my reasoning. You do not have to diversify with multiple stocks for equity exposure, the index is already diversified. The risk of any one stock having something catastrophic happen will not really hurt your trade.… Read More »
01. Try to predict the future movement of a stock, and stay in it no matter what. 02. Risk your entire account on one trade with no stop loss plan. 03. Have a winning trade but no exit strategy to get out, no trailing stop or exhaustion top signal. 04. Ask for and follow the… Read More »
Adani Buy above 516 Tgt 523,528 and 532 SL 514 Sell below 512 Tgt 507, 502 and 497 SL 514 IRB Any close below 254 stock is heading to 246/241. Buy above 262 Tgt 266,270 and 275 SL 260 Sell below 257 Tgt 254,250 and 246 SL 260 Tata Steel Buy above 514 Tgt 519,523… Read More »
FII’s sold 14626 contract of Index Future worth 591 cores, 20 K Long contract were squared off and 5.3 K short contracts were squared off by FII’s. Net Open Interest decreased by 25.4 K contract , so FII were in square off mode. Nifty after 9 days of rally saw a small correction today but that… Read More »
In Continuation with Previous Post Step 3 – The Eureka Moment Towards the end of stage two you begin to realize that it’s not the system that is making the difference. You realize that it is actually possible to make money with a simple moving average and nothing else IF you can get your… Read More »