Last Week we gave Chopad level of 12790 and Bank Nifty did 2 target on downside. Lets analyze how to trade bank nifty coming week. Bank Nifty Hourly Bank Nifty hourly charts unable to cross 50 HSMA will remain under pressure. Bulls will have life only above 12900, till than bears will keep ruling bank… Read More »
Next week seems to be full of events which will be led by first phase of Lok sabha elections which begins on Monday , followed by IIP and inflation data and beginning of the results season with Infosys declaring its results on Friday. Recent Opinion Polls have predicted NDA coming to power, and stable government… Read More »
While some traders are more likely to fall victim to greed (“How much could I make?!”), others have experienced loss in the market to the point where all they can see is the fear and anxiety (“How much could I lose?” or “How much could the market take away from me?”). Let’s look at some… Read More »
The Indian market is more expensive than its peers among emerging countries, with indices tracking these nations showing a lower multiple of earnings than India. The Morgan Stanley Capital International (MSCI) India index is trading at a price-to-earnings multiple (or P/E) of 17.72, according to Bloomberg data. This means that investors are valuing it at nearly 18… Read More »
LT Rising wedge formation in Larsen, Buy above 1295 Tgt 1307,1324 and 1350 SL 1290 Sell below 1279 Tgt 1263,1250 and 1237 SL 1290 ICICI Bank Any close below 1220 stock is heading towards 1180 and 1131 odd levels.Holding 1220 stock short term target comes at 1300. Buy above 1235 Tgt 1244,1255 and 1265… Read More »
FII’s sold 3481 contract of Index Futures worth 122 cores (1.7 K longs were squared off and 1.7 K shorts were added Index Future) with net OI increasing by 79 contracts. Nifty made a new life high again today 6676 10 day in a row.Nifty today was unable to form higher low formation but took support… Read More »
If there’s a single theme that dominates discussions of trading psychology, it’s discipline. Traders are routinely encouraged to control their emotions, stick to their processes, keep journals, whatever. If you lapse in your trading, it’s because you’re not sufficiently disciplined. Call it the puritanical approach to trading: if you don’t stick to the straight and… Read More »
Titan Positional traders should look for close above 267 target of 280 and 288. Buy above 267 Tgt 269,271 and 275 SL 265 Sell below 264.5 Tgt 263.2,261.1 and 259 SL 265.5 Century Textile Buy above 368 Tgt 370.5,374.2 and 377 SL 366 Sell below 363.5 Tgt 360.4,357 and 350 SL 366 DRL Any… Read More »
FII’s bought 6081 contract of Index Futures worth 225 cores (7.6 K longs were added and 1.5 K shorts were added Index Future) with net OI increasing by 9229 contracts. Nifty made a new life high again today 6763 ,and closed above its trendline. Nifty formed again today Hanging Man candle stick third day in row,… Read More »
SBIN Buy above 1898 Tgt 1925,1950 and 1974 SL 1892 Sell below 1890 Tgt 1863,1850 and 1832 SL 1897 Tata Motors Buy above 404 Tgt 406,410 and 413 SL 402 Sell below 399 Tgt 396,392 and 389 SL 402 CESC Buy above 506 Tgt 511,515 and 519 SL 504 Sell below 501 Tgt 497,492… Read More »