Bank Nifty Hourly Bank Nifty hourly charts is trading below its 50HSMA,11007-11116 range once crossed and see bulls coming back else its bear power all the way down till 10800-10600 odd levels. Bank Nifty Daily Bank Nifty on daily chart is near its trendline support and also its 200 DMA. Breaking the same Bank nifty… Read More »
Nifty Futures Intraday Trading System helps a trader to trade nifty profitably. The core concept of trading system lies in the fact that Nifty remains in a range of 70-90 points for at least 10-13 trading session in an particular month expiry. We have at most 5 trading days when Nifty futures has trading range… Read More »
Using Your Intuition Skilful traders know how to use their intuition to make quick, conclusive decisions. There are times when going with your “gut” instinct can be shrewdly accurate. There are also times, though, where your intuition can be dead wrong, and nothing more than wishful thinking. A seasoned, profitable trader knows the difference, and… Read More »
Larsen Buy above 1008 Tgt 1014,1024 and 1035 SL 1004 Sell below 1001 Tgt 992,982 and 970 SL 1004 Biocon Buy above 464 Tgt 466.5,470 and 473 SL 462 Sell below 460 Tgt 457,454 and 451 SL 463 Federal Bank Buy above 82.3 Tgt 83.1, 84 and 86 SL 81.4 Sell below 81 Tgt… Read More »
FIIs bought 11757 contracts of Index Future worth 367.4 cores (15408 Longs were added and 3651 shorts were added ) with net Open Interest increasing by 19059 contracts, so FII’s are added majority longs and added partial shorts in index futures. This is what we discussed yesterday Now comes difficult range for nifty in range… Read More »
A great excerpt from “Trading Rules: Strategies for Success” by William Eng. It’s a great reminder that market prediction is a fool’s errand: When you buy something, you want it to go up. When you sell something, you want it to go down. The chance of entering the trade correctly is small, but the chance… Read More »
Axis Bank Axis Bank is stuck in trading range of 1200-1158,from past 4 trading session, signalling another explosive move is round the corner.Any close above 1200 stock is heading towards 1216 and 1240 in short term.Break below 1158 gives short term target of 1130 and 1100. Buy above 1180 Tgt 1188,1199 and 1210 SL 1176… Read More »
FIIs bought 15354 contracts of Index Future worth 486.6 cores (21443 Longs were added and 6079 shorts were added ) with net Open Interest increasing by 27512 contracts, so FII’s are added majority longs and added partial shorts in index futures so equation changed completely with inflation data. As discussed in yesterday post, breakout above… Read More »
Have you ever lost yourself in a trade? You focus intensely on your screen and wait for the ideal time to enter. You’re fully attentive as you continue to watch your screen as the price creeps up to your profit objective. All your attention is channeled on your ongoing experience. Without even thinking, you exit… Read More »
Hindustan Zinc Buy above 133 Tgt 134,136 and 139 SL 131 Sell below 130.5 Tgt 129.1,128.2 and 126.7 SL 131.5 BHEL Buy above 164.5 Tgt 166.1,167.4 and 170 SL 162.4 Sell below 162.2 Tgt 161.159.6 and 157.6 SL 164 Yes Bank Buy above 354.5 Tgt 356.8,361 and 365 SL 352 Sell… Read More »