FII’s bought 1017 contract of Index Futures worth 59 cores (3.7 K longs were squared off and 4.7 K shorts were squared off in Index Future) with net OI decreasing by 8477. So FII’s used today to exit both longs and shorts in Index Future. Nifty made a new life high again today 6732 ,and closed… Read More »
No surprise from the Reserve Bank of India. The central bank kept its benchmark repurchase rate at 8 per cent. Economists had anticipated the RBI would keep interest rates at an elevated rate to combat inflation. Wholesale price inflation was down to 4.7 per cent in February, from 5.1 per cent in January, while consumer… Read More »
Maruti Positional traders should look for close above 1985 for short term target of 2047 and 2100. Unable to do so stock is heading back to 1920 and 1850 odd levels. Buy above 1980 Tgt 1992,2013 and 2047 SL 1970 Sell below 1955 Tgt 1940,1910 and 1882 SL 1965 M&M Positional traders should look… Read More »
FII’s sold 5336 contract of Index Futures worth 177 cores (5.7 K longs were added and 11.1 K shorts got added in Index Future) with net OI at 16918. So before crucial RBI policy FII’s majority shorts. Nifty made a new life high again today 6730 ,and closed near its trendline. Nifty ended the Quater… Read More »
Whenever something reaches lifetime highs, questions are asked whether the asset class in question is in bubble territory. Indian equities would certainly qualify to be at the receiving end of such a scrutiny. Both Nifty and the Sensex are being seen flirting with their all time highs with consistent regularity these days. The latest such… Read More »
The Reserve Bank of India’s First Bi-monthly Monetary Policy Statement, 2014-15 on Tuesday, 1 April 2014, will dictate near term trend of Bank Nifty. Last Week we gave Chopad level of 12120 and Bank Nifty did all 3 target on upside. Lets analyze how to trade bank nifty in RBI week.Bank nifty has been up… Read More »
Rupee breached the psychological mark of 60 per dollar,Rupee has rebounded 15%. In the January-March quarter alone, the rupee has gained 3.6%, making it the second best performer in the region. Lets analyze rupee move in coming week as we have crucial RBI policy. USD INR Hourly INR is trading at the lower end of… Read More »
The largest academic study ever conducted on day trading shows that most traders lose money even during a bull market. Only 5% of active traders were able to earn significant profits two years in a row. Are 95% of traders dumb? Hardly. As a trading coach , I believe traders are among the intelligent and… Read More »
IDFC Positional traders should look for a close above 123 for short term target of 131, Unable to do so stock is heading back to 110. Intraday Traders can use the below levels Buy above 123 Tgt 123.9,126 and 131 SL 121 Sell below 119.5 Tgt 117,114 and 110 SL 121 Bajaj Auto Buy… Read More »
Nifty made a new life high again today 6674 ,and closed just above the rising trendline as shown in below chart. As discussed yesterday Range of 6650-6663 , Nifty made a high of 6674 and closed below this range. Now many traders are looking for short term top of market so following points should be… Read More »