FII’s sold 24.7 K contract of Index Future worth 556 cores, 19.6 K Long contract were added by FII’s and 5 K short contracts were added by FII’s. Net Open Interest decreased by 24.7 K contract ,so FII’s liquidated long in Index Futures and continue adding shorts in index future. Nifty has corrected 575 points in the… Read More »
IRB Buy above 244 Tgt 246,250 and 254 SL 242 Sell below 239 Tgt 237,233 and 229 SL 241 OBC Buy above 307 Tgt 312,315 and 319 SL 305.5 Sell below 304 Tgt 301.5,296 and 289 SL 305.5 ZEE Buy above 365 Tgt 368.5,371.5 and 375.6 SL 363 Sell below 360.5 Tgt… Read More »
FII’s bought 6.6 K contract of Index Future worth 178 cores, 7.6 K Long contract were added by FII’s and 0.9 K short contracts were added by FII’s. Net Open Interest increased by 8.6 K contract ,so FII’s added long in Index Futures more aggresively and continue adding shorts in index future. Nifty has corrected 475 points… Read More »
In trading most new traders allow hope and fear to dictate their trading. They have a losing trade and instead of selling it and getting out they instead hope it will come back to even allowing the loss to grow. Another error for new traders is that when they have a winning trade they fear… Read More »
GAIL Buy above 427 Tgt 432,435 and 438 SL 424 Sell below 420 Tgt 415,411 and 408 SL 424 Arvind Closing above 267 stock is heading to 275/282 and 288 in short term. Buy above 267 Tgt 269.2,273 and 276 SL 266 Sell below 265 Tgt 262,257 and 254 SL 266 Colgate Pamolive… Read More »
Last week we gave Nifty Chopad level of 18816 .Bank Nifty did 3 target on downside rewarding chopad followers by 520 points. Lets analyze how to trade Bank Nifty next week. Bank Nifty Hourly Bank Nifty forming ascending triangle pattern break of 18200 can see a downmove of 250/300 points. Bank Nifty Hourly EW Daily… Read More »
Last week we gave Nifty Chopad level of 8546 Nifty made high of 8627 and came down till 8504 did 1 target on downside,Nifty continued with its upward journey and make new life highs but closed negative on weekly basis after 6 straight weekly rise.Lets see how to trade next week. Nifty Hourly Chart Nifty… Read More »
Nifty has been correcting after hitting all time high of 8627 and started its downward journey. Lets review the previous correction in 2014 to get an idea how much deep this correction can run. As per above analysis we are approaching short term bottom soon if previous price time cycle has to repeat itself.
FII’s bought 14.5 K contract of Index Future worth 352 cores, 37.6 K Long contract were added by FII’s and 23.1 K short contracts were added by FII’s. Net Open Interest increased by 60.7 K contract ,so FII’s added long in Index Futures and continue adding shorts in index future. Nifty has broken its hourly channel,broken its… Read More »
Bajaj Auto Any close above 2584 stock is heading to 2639/2673/2728 in short term. Buy above 2570 Tgt 2590,2617 and 2639 SL 2560 Sell below 2537 Tgt 2513,2486 and 2450 SL 2550 Rel Infra Any close above 555 stock is heading to 576/589/597 Buy above 553 Tgt 560,570 and 580 SL 550 Sell below… Read More »