Most of the time, markets are very close to efficient (in the academic sense of the word.) This means that most of the time, price movement is random and we have no reason, from a technical perspective, to be involved in those markets. There are, however, repeatable patterns in prices. This is the good news; it… Read More »
Maruti Any close above 2585 stock is heading towards 2639/2673. Buy above 2586 Tgt 2610,2639 and 2673 SL 2575 Sell below 2570 Tgt 2545,2530 and 2500 SL 2580 Bharat Forge 665 needs to be watched closely, any close above it stock is heading towards 699, Unable to do so 644/631 on cards. Buy above… Read More »
FII’s sold 1229 contract of Index Future worth 47 cores, 5.1 K Long contract were squared off and 3.9 K short contracts were squared off by FII’s.So FII’s used the rally today to exit long positions and short positions also. Nifty after big move yesterday, consolidated its gain and closed well above 7600 levels. As… Read More »
Reliance Capital Any close above 665 stock is heading towards 699. Buy above 658 Tgt 664,672 and 686 SL 656 Sell below 650 Tgt 644,636 and 628 SL 654 PNB 987 should be watched for PNB, Holding the same stock is heading to 1008/1021 and 1042. Buy above 997 Tgt 1008,1021 and 1042… Read More »
FII’s sold 8477 contract of Index Future worth 324 cores, 4.4 K Long contract were squared off and 4 K short contracts were added by FII’s.So FII’s used the rally today to exit long positions and add shorts at higher level. Nifty ended the month with a big bang closing, breaking the hourly downward falling… Read More »
*Everyone has a stop-loss level: For some, it’s a price; for others, it’s a pain threshold. * It’s not stress and emotion that get in the way of trading; it’s the stress and emotion that results when trading becomes personal: about you, rather than about supply and demand. * The measure of a trader is… Read More »
ICICI Bank 3 Drive pattern completed in ICICI which is bearish in nature, Bear will attack stocks once it closes below 1364 for target of 1300, Holding 1364 stock can head towards 1400 and 1453. Buy above 1391 Tgt 1402,1410 and 1424 SL 1384 Sell below 1376 Tgt 1370,1364 and 1356 SL 1384 Ranbaxy… Read More »
Last Week we gave Bank Nifty Chopad level of 15046 and Bank Nifty did all 2 target on upside and 1 target on downside. We have Union Budget coming on 10 July so Bank Nifty will be in focus for next week and big moves are on cards. Lets analyze how to trade Bank Nifty in… Read More »
Last Week we gave Chopad level of 7506, Nifty did 1 target on upside and 1 target on downside in a highly volatile week. Worries of deficient rainfall, Iraq war and its effect on Brent Crude has kept markets on edge. .Lets analyze how to trade Nifty in expiry week. Nifty Hourly Chart Hourly charts… Read More »
In this article, we attempt to look at the psychological elements of trade, risk, and money management as presented in the Successful Traders research series. The goal of trading is to make money by forecasting future price movements.This is inherently difficult because, as human beings, we cannot tell the future. Surely many new traders analyze… Read More »