Amateur Trader accumulate information, learn- buying books, asking questions, maybe going to seminars and researching what really works in trading. Amateur Trader begin to trade with our ‘new’ found knowledge. Amateur Trader make profits only to give it back very quickly and then realize may need more knowledge or information. Amateur Trader accumulate more information.… Read More »
Polaris Buy above 233 Tgt 238,241 and 246 SL 230 Sell below 228 Tgt 225,220 and 212 SL 230 Jain Irrigation Any close above 131 stock is heading towards 136 and 144. Buy above 128.2 Tgt 129.7,131 and 133 SL 127.2 Sell below 125 Tgt 123,120 and 118 SL 127.2 Larsen 1745 on closing basis… Read More »
Last Week we gave Chopad level of 7515, Nifty did all 3 target on upside. Next Week is full of event, Finance Minister Arun Jaitley will present the final Union Budget for 2014-15 in Lok Sabha at 11:00 IST on Thursday and First quarter corporate earnings season begins next week. Private sector bank IndusInd Bank will… Read More »
Nifty has been rising from steadily from Low of 5933 on 04-Feb-2014 till high of 7758, A rally of almost 1825 points in 94 trading session which is a huge move. Market in short term is rising based on Budget expectation which will be presented on 10 July. I have discussed Nifty performance on Union… Read More »
Union Budget is just 4 days away, Below i have discussed Nifty range from 1999-2013. Maximum Range on Budget day is 346 so big volatile move on cards, so trade cautiously.
Reliance Capital Any close above 665 stock is heading towards 699.Closing below 644 623/610 on cards. Buy above 661 Tgt 667,675 and 683 SL 659 Sell below 651 Tgt 645,636 and 628 SL 654 Syndicate Bank Buy above 178 Tgt 180.5,183 and 188 SL 176 Sell below 174.5 Tgt 171,168 and 164 SL… Read More »
FII’s sold 6.9 K contract of Index Future worth 266 cores, 5 K Long contract were squared off and 1.8 K short contracts were added by FII’s. Net Open Intrest came down by 3231 contract suggesting FII are again going short at higher level but in small quantity. Nifty made a fresh life high today@7754 ,… Read More »
1). Preparation Professional Trader #1 priority in trading is risk managment. Professional Trader believes that once you get your trading system and position size in place you must use the amount you will risk on each trade to determine your risk of ruin. His point is that if your risk of ruin is not zero… Read More »
Indusind Bank Buy above 585 Tgt 589,593 and 601 SL 580 Sell below 576 Tgt 572,568 and 562 SL 580 United Spirits Closing above 2495 stock is heading towards 2584/2639 Buy above 2495 Tgt 2521,2550 and 2584 SL 2484 Sell below 2465 Tgt 2430,2410 and 2375 SL 2484 Voltas Closing below 220 stock… Read More »
FII’s bought 14.4K contract of Index Future worth 560 cores, 22.5 K Long contract were added and 8 K short contracts were added by FII’s. Nifty made a fresh life high today, this is the 3 gap in 3 days, things looks overdone in extreme short term and market will consolidates its gains, Any break below… Read More »