FIIs sold 13253 contracts of Index Future worth 413.4 cores (4934 Longs were added and 18187 shorts were added ) with net Open Interest increasing by 23121 contracts, so FII’s are added majority shorts and added partial longs in index futures signalling range bound moves ahead. After a big rally on Monday, Tuesday was a… Read More »
Tata Steel Positional trades should look for 377 level holding the same stock will bounce back to 385 390 in sort term. ANy close below 377 pullback till 369 and 356. Intrady traders can use the below mentioned levels Buy above 386 Tgt 389,393 and 396 SL 384 Sell below 382 Tgt 379,374 and 369… Read More »
FIIs bought 29672 contracts of Index Future worth 913.6 cores (15906 Longs were added and 13766 shorts were squared off ) with net Open Interest increasing by 2140 contracts, so FII’s are covering their shorts and added longs in index futures. As discussed in Weekly Analysis Nifty above 6183 Bulls will rule and have been… Read More »
Last Week Chopad Level of 6207 dictated the trend and nifty did 1 target on downside.In the coming week, Q3 results of major index heavyweight TCS, Axis Bank, Bajaj Auto, HCL Technologies, HDFC Bank, Reliance Industries, ITC and Wipro will come out next week.Inflation based on consumer price index will come out on Monday, while… Read More »
Today’s post is a continuation of previous article where we discussed psychological aspects of trading. Most of the psychological difficulties in trading occur due to our emotions. In this 2 part series of articles, the emotion we want focus on is fear. Fear certainly has its value in life. For example, a sense of fear… Read More »
Indusind Bank Positional traders should look for close below 411 for target of 398. Buy above 418 Tgt 423,429 and 433 SL 416 Sell below 411 Tgt 406,400 and 395 SL 413 Bank Baroda Buy above 622.5 Tgt 627.9,635 and641 SL 620 Sell below 617 Tgt 614.5,608 and 601 SL 620 IDFC… Read More »
FIIs sold 14974 contracts of Index Future worth 452 cores (11536 Longs were squared off and 3438 shorts were added) with net Open Interest decreasing by 8098 contracts, so FII’s are covering their long and adding few shorts. Nifty closed below its 50 SMA and Bank Nifty below its 200 DMA, which is bearish for… Read More »
Winning traders are courageous. They show courage when they risk their money, and face the possibility of losing it. They show courage when they follow their convictions, and possibly let their pride and ego get hurt. But courageous trading is a little more complicated than it appears at first glance. Courageous trading is not merely… Read More »
Reliance RIL is near its 200 DMA. from last many time stock has given a rally after touching its 200 DMA.Holding 843 on closing basis stock could go back to 898 in short term. Buy above 851 Tgt 856,863 and 869 SL 848 Sell below 843 Tgt 837,832 and 835 SL 848 Indusind Bank… Read More »
Infosys Q3 Results will be declared before Friday market opening this will result which will be coming out after stock has hit a fresh life high of 3575. Infosys is famous for Wild swing after the Quarter results as shown in below chart . Except last quater when stock opened gap up of 4% but… Read More »