Recently, a couple people I know packed up and quit trading after struggling for a long time to hold their heads above water. They didn’t make it. This isn’t unusual of course – this profession has a high failure rate – but it frustrated me. It frustrated me because I could see potential in them.… Read More »
The 40% drop in oil prices over the past 6 months has garnered a lot of attention recently, most of it focused on the economic stimulus lower oil prices should provide the global economy, the impact on currency and fixed-income markets and the increase in economic pain suffered by exporters such as Iran and Russia.… Read More »
Rel Infra Buy above 508 Tgt 511.5,518 and 526 SL 505 Sell below 501 Tgt 495,491 and 485 SL 503 Jain Irrigation Positional traders should look for close above 70 for short term target of 76. Buy above 70.3 Tgt 71.5,73 and 74 SL 69 Sell below 68.5 Tgt 67.5,66 and 65 SL… Read More »
FII’s bought 1.7 K contract of Index Future worth 36 cores, 15.4 K Long contract were added by FII’s and 13.7 K short contracts were added by FII’s. Net Open Interest increased by 29.2 K contract ,so FII’s added long in Index Futures and continue adding shorts in index future. Nifty has corrected the scared 666 points… Read More »
You Might be a Bad Trader if: You are 100% sure about a trade being a winner so you have no need to manage risk. You go all in on one trade and it will make you are break you. You like to buy deep out of the money stock options not understanding how… Read More »
Oil prices were tanking. Emerging market currencies were in a freefall. Venezuela was mired in a financial crisis and Russia had sunk into debt default and devaluation. The year was 1998.Emerging markets today look a lot like they did back then. Yet there have been key changes that could help most of them escape full-blown… Read More »
Bank India Positional traders should watch for close above 288 for short term target of 300/310/322. Intraday traders can use the below mentioned levels Buy above 285 Tgt 288,290.5 and 295 SL 283 Sell below 280 Tgt 275,271 and 265 SL 283 IDFC Positional traders should watch for close above 153 for short… Read More »
FII’s sold 24.6 K contract of Index Future worth 493 cores, 6.3 K Long contract were liquidated by FII’s and 18.2 K short contracts were added by FII’s. Net Open Interest increased by 11.9 K contract ,so FII’s liquidated long in Index Futures and continue adding shorts in index future. Nifty has corrected the scared 666 points… Read More »
Via Mint – Blain’s Extra Porridge, “Nazhmite Lyubuyu Stavku…“ Extra Comment – this might be getting serious. Russia’s markets have been spanked hard despite last night’s hike. 19% currency crash and 13% down stocks in a session. Ouch! Cumulatively, over the past few weeks stocks, oil and the Ruble are off 50% plus, and… Read More »
Reliance Capital Buy above 484.5 Tgt 490,495 and 501 SL 480 Sell below 478 Tgt 474,466 and 462 SL 482 Titan Buy above 362 Tgt 365,370 and 376 SL 360 Sell below 358 Tgt 355,350 and 344 SL 360 Voltas Any close above 254 stock is heading back to 260/267. Buy above 250 Tgt 254,256… Read More »