Havells Any close above 1225 stock is heading to 1255, Closing above 1255 gives target of 1300 in short term. As per EW 1255 will play a major role unable to hold it pullback to 1205 is on cards. Buy above 1225 Tgt 1236,1251 and 1274 SL 1221 Sell below 1220 Tgt 1213,1198 and 1175… Read More »
FII’s bought 1.7 K contract of Index Future worth 67 cores, 8.5 K Long contract were added and 6.7 K short contracts were added by FII’s. Net Open Interest came up by 15.2 K contract suggesting FII are adding both long and shorts in market. As discussed yesterday Nifty ready for bounce Nifty rallied 72 points… Read More »
Anything can happen. Does not need to know what’s going to happen next to make money. Random distribution between wins and losses for any given set of variables that defines an edge Edge is nothing more than an indication of a higher probability of one thing happening over another Every moment in the market is… Read More »
Tata Steel Tata Steel has formed an ABCD pattern and signalling a potential reversal , Closing above 521 stock is heading towards 555 Buy above 518 Tgt 522,530 and 537 SL 514 Sell below 507 Tgt 502,497 and 490 SL 510 IDFC IDFC has formed a Butterfly harmonic pattern signaling bearish move… Read More »
FII’s bought 13.4 K contract of Index Future worth 503 cores, 4.9 K Long contract were added and 8.4 K short contracts were squared off by FII’s. Net Open Interest came up by 13.4 K contract suggesting FII are squaring off shorts at lower level. Nifty has been falling continuously 5 days in a row, now… Read More »
There is a big difference between a trader and a gambler. Many people think they are traders when they are really just gamblers that could get better odds in Las Vegas betting on the roulette wheel than what they get in the Stock markets. The difference between a trader and a gambler is similar to… Read More »
Adani Adani is near very crucial level of 411, Any close below it stock is heading towards 398/390 . Holding 411 bounceback till 432 is on cards. Buy above 424 Tgt 430,441 and 450 SL 421 Sell below 416 Tgt 411, 407 and 398 SL 421 Adani Port 254 is laxman rekha for Bulls… Read More »
Last Week we gave Chopad level of 7766, Nifty did all 4 target on downside rewarding trend follower with 300 points. Using the Golden Ratio we were able to predict the Top of Nifty around 7800 Can Nifty form short term top around 7800 ? Nifty saw a decline of 3.8% last week panicking traders… Read More »
Bank Nifty corrected the most in past 15 months, so is the bull run over in Bank Nifty or its just one of the healthy correction . Lets analyze how to trade Bank Nifty in coming week. Bank Nifty Hourly Bank Nifty hourly charts has started trading below the low of 16 may and is… Read More »
Most people jump into the stock market expecting instant, grandiose results that are not realistic. Sorry to burst your bubble, but trading success is a marathon, not a sprint! For a lot of people that is hard to hear. They don’t want to train, they don’t want to get out of their comfort zone, they… Read More »