Ranbaxy Buy above 481.5 Tgt 485,492 and 503 SL 479 Sell below 474 Tgt 468,464 and 458 SL 479 Reliance Any close above 1076 stock is heading towards 1100. Buy above 1069 Tgt 1076,1085 and 1095 SL 1065 Sell below 1053 Tgt 1042,1033 and 1027 SL 1057 BHEL Any close above 242 stock… Read More »
FII’s bought 2061 contract of Index Future worth 78 cores, 13 K Long contract were added and 10.9 K short contracts were added. So FII’s are adding both long and shorts in Index Future as nifty is nearing an important support level. Nifty continued its decline, near the support area of 7474-7485, made an intraday… Read More »
Environmental distractions and boredom cause a lack of focus – All of us have limits to our attention span and these are easily taxed during quiet times in the market; Fatigue and mental overload create a loss of concentration – The demands of watching the screen hour after hour make it difficult to be sharp, creating fatigue… Read More »
Trading offers a wide world of opportunities to traders new and experienced alike. It’s unfortunate, but trading profitably with any level of consistency often takes time and effort for a trader to develop their approach. Along the way are many hurdles and perhaps even more unfortunately, quite a few of those hurdles can be self-imposed.… Read More »
FII’s sold 14989 contract of Index Future worth 574 cores, 5348 Long contract were squared off and 9641 short contracts were added.Net Long Contract for FII’s are just 21K for the current series which is lowest in 2014, so FII’s are majorly going short in market. As i was discussing in past few days, EW… Read More »
Everyone knows that chasing price is usually not beneficial, we either end up catching the move too late, or we get poor trade location, which makes it more difficult to manage the trade. However, there are other forms of chasing that are just as common, maybe more common, and just as counter-productive. As a trading… Read More »
Bank India Any close below 310 stock is heading towards 288 in short term. Buy above 317.2 Tgt 323,327 and 333 SL 314 Sell below 310 Tgt 307,300 and 295 SL 313 Adani Enterprises Any close below 466 stock is heading towards 432 in short term. Buy above 493 Tgt 501,508 and 515 SL… Read More »
FII’s bought 1.9 K contract of Index Futures worth 77 cores (4.2 K longs were added and 2.2 K shorts were added in Index Future) with net OI increasing by 6.4 K contracts. Nifty made a new life high @7700 which was near to our Elliot wave target of 7720 as discussed in last few… Read More »
A trader must have quantified entry signals that tell them when to enter where the probabilities of success are in their favor of being profitable. A trader must build a robust trading system with a positive expectation model of a high winning percent of trades or one that will have bigger wins than losses… Read More »
CIPLA Any close above 411 gives short term target of 432. Buy above 409 Tgt 412,417 and 420 SL 407 Sell below 406 Tgt 404.4,400 and 396 SL 408 Dr Reddy Buy above 2400 Tgt 2416,2437 and 2470 SL 2390 Sell below 2380 Tgt 2363,2351 and 2331 SL 2385 Andhra Bank Buy… Read More »