Lets analyze Nifty future move for May month using Harmonic pattern using AB=CD and Crab Pattern. Nifty Harmonic pattern The Harmonic pattern bearish AB = CD formation AB leg is from 5118 to 6415 took 16 Weeks to form with a rally of 1313 points. BC leg is from 6415 to 5933 (which is… Read More »
ONGC Buy above 326 Tgt 330,333 and 336 SL 324.3 Sell below 322 Tgt 319,316 and 312 SL 324.5 HDFC Buy above 905 Tgt 911,919 and 925 SL 900 Sell below 895 Tgt 889,881 and 874 SL 900 PFC Buy above 185 Tgt 187.5,191 and 194 SL 183.5 Sell below 182 Tgt… Read More »
FII’s sold 7936 contract of Index Futures worth 267 cores (963 longs were added and 8.8 K shorts were added in Index Future) with net OI increasing by 9.8 K contracts. So today’s FII’s continued adding shorts in Index future. Nifty closed below its 20 DMA for 2 day in row which is bearish in short… Read More »
1). Preparation 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. If your risk of ruin is not zero then you will eventually blow out your account. Risking 1% to 2% of your capital in any… Read More »
Reliance 932 is the level to watch for short term trader, Holding above it stock is heading to 953,966. Unable to hold it pullback till 898 is on cards. Buy above 943.5 Tgt 948.7,956 and 962 SL 940 Sell below 938 Tgt 935,930 and 922 SL 941 BHEL Buy above 186.8 Tgt 188.5,190.8 and… Read More »
FII’s sold 12451 contract of Index Futures worth 427cores (21.6 K longs were squared off and 9.2 K shorts were squared off for Index Future) with net OI decreasing by 30.8 K contracts. So today’s FII’s exited both long and shorts in Index future. Nifty closed below its 20 DMA which is bearish in short term,… Read More »
DLF Stock trading near its 200 DMA,157 holds the key close above it stock is heading to 165 Buy above 155.5 Tgt 157.2,159.5 and 162 SL 153.2 Sell below 151.5 Tgt 149.1,147.5 and 145 SL 153.2 Bata India Close below 1076 will be bearish for stock,with target of 1042 and 1021 Buy above 1100 Tgt… Read More »
FII’s sold 6691 contract of Index Futures worth 237 cores (725 longs were added and 7.7 K shorts were added for Index Future) with net OI increasing by 8.4 K contracts. So today’s FII’s continue adding shorts in Index Futures. Nifty is entering the demand zone, with hourly charts entering oversold so if 6740-6745 is held… Read More »
1. Do not be overly concerned about whipsaws a good trend pays for them all. A whipsaw is when you enter a position but get stopped out quickly when the market reverses opposite to your position. If you are a trend trader this may happen many times in a row in a range bound market. … Read More »
Adani Enterprises Buy above 435 Tgt 438.7,445 and 450 SL 432 Sell below 431 Tgt 428.5,424.5 and 418 SL 434 Coal India Buy above 301.2 Tgt 304,306 and 308 SL 300 Sell below 297.5 Tgt 296,293 and 289 SL 299 Mcleod Russel Any close above 288 short term target comes at 300 and… Read More »