FIIs sold 10324 contracts of Index Future worth 314 (5963 Long contracts were squared off and 4361 short contract were added ) with net Open Interest decreasing by 10324 contracts, so FII’s added shorts in index future and longs were squared off. Nifty opened gap down, and quickly moved up to fill the gap and… Read More »
ONGC Buy above 293 Tgt 295,299 and 302 SL 291 Sell below 288 Tgt 285,282 and 275 SL 289 ICICI Bank 1045 holds the key for stock in short term for more upside, Closing above it stock is heading towards 1076, Unable to do so and closing below 1042 short term target is 1021… Read More »
Last Week Chopad Level of 6160 did triggered and Nifty did its 2 target on upside, Lets analyze how to trade nifty in coming week. Nifty Hourly Chart Nifty Hourly charts has closed above its 200 HDMA, which is bullish in short term.Holding 6200 for next 5 days is crucial for Nifty. Nifty Daily Chart… Read More »
Last Weekly we gave Chopad level Bank Nifty 10626 and achieved 2 target upside. Bank Nifty Hourly Bank Nifty hourly charts is trading above its 200HSMA ,Closing above 10802 bounceback can be seen till 10900-11000. Bank Nifty Daily Bank Nifty on daily chart is near its gap resistance .Breakout comes above 10802 for target of… Read More »
As the name suggests, it is the ratio of all the Puts/Calls traded every day. If the ratio is more than 1, it means that more puts have traded during the day and if it is less than 1 it means more calls traded during the day. To trade based on PCR; you will first… Read More »
At one point or another, everyone who has interactions with the market asks oneself, “Why is trading so hard?” There are legitimate reasons why trading should be difficult: markets are highly random; whatever edge we can find is eroded by competition from smart, well-capitalized traders; some traders work within various constraints; and markets are subject… Read More »
FIIs bought 44108 contracts of Index Future worth 1384 with net Open Interest decreasing by 1.84 lakh contracts, so FII’s liquidated majority of shorts today.These are expiry numbers and should not be given much importance. Nifty is near its Fibo fan resistance as seen in below chart, We have Weekly and Monthly closing tomorrow, Bulls… Read More »
The market is not physical. It’s an amalgamation of the mindset of all trading participants. The daily tug-of-war between the bulls and the bears reveals what they are thinking on a daily basis. Make sure to look at the market’s close in relation to the session high and low. Never buy just because the price… Read More »
India today joined a growing list of Asian-Pacific countries providing investors a way to hedge against stock market volatility. On Wednesday, National Stock Exchange of India Ltd., the country’s largest stock exchange by trading volume, launched a futures contract tied to volatility in its benchmark CNX Nifty stock index. The index typically gains value when… Read More »
HCL Tech Trading near the fibo channel 1563 holds the key, Able to cross over it stock will rise towards the next target of 1597. Buy above 1551 Tgt 1557,1563 and 1577 SL 1546 Sell below 1544 Tgt 1538,1526 and 1517 SL 1549 Reliance Buy above 812 Tgt 815,819 and 823 SL 807.5 Sell… Read More »