FIIs sold 16791 contracts of Index Future worth 524 cores (14799 Longs were squared off and 16791 shorts were squared off ) with net Open Interest decreasing by 12807contracts, so FII’s were squaring off both long and short today. Nifty closed below its 50 SMA and Bank Nifty below its 200 DMA, which is bearish… Read More »
The fear of “pulling the trigger” stems mainly from the fear of loss. That same fear is responsible for 3 major actions or inactions that destroy traders: Cutting winners short. You take what you can and fear that if you don’t grab whatever small gains you have now, they would disappear. Keeping losers. You don’t… Read More »
FIIs sold 43336 contracts of Index Future worth 1329 cores (8260 Longs were squared off and 35076 shorts were added ) with net Open Interest increasing by 26816 contracts, so FII’s added majority shorts and squaring off longs. Nifty closed below its 50 SMA and Bank Nifty below its 200 DMA, which is bearish for… Read More »
Managing Risk as a trader is the most important consideration and if you answer NO to any of the following questions, then STOP TRADING until you can answer YES to all of them: Do you have a written trading plan that deals with risk management? Have you calculated the risk that you are comfortable with in every… Read More »
IDFC Buy above 104.6 Tgt 105.3,106.3 and 107.2 SL 104 Sell below 103.2 Tgt 102.5,101.6 and 100.5 SL 104 Bank Baroda Buy above 641 Tgt 645,650 and 656 SL 637 Sell below 634 Tgt 631,625 and 620 SL 637 Sun Pharma Buy above 592 Tgt 597,604 and 610 SL 588 Sell below 585.5 Tgt… Read More »
FIIs sold 12844 contracts of Index Future worth 396 cores (4106 Longs were added and 16950 shorts were added ) with net Open Interest increasing by 21056 contracts, so FII’s added majority shorts and partial long as hedge in today’s session. Nifty closed below its 50 SMA and Bank Nifty below its 200 DMA, which… Read More »
Yes Bank Buy above 372 Tgt 375,379 and 384 SL 369 Sell below 366 Tgt 361,358 and 353 SL 369 Dr Reddy Buy above 2502 Tgt 2517,2538 and 2555 SL 2495 Sell below 2480 Tgt 2463,2441 and 2430 SL 2495 Kotak Bank Buy above 716.6 Tgt 720.3,727 and 735 SL 712.5 Sell below 708… Read More »
Last week we gave trend changer level of 11406 and Bank Nifty almost did the 3 target on downside.Lets analyze how to trade Bank Nifty in coming week. Bank Nifty Hourly Bank Nifty hourly charts is forming a range contraction,breakdown below 11016 for initial target of 10880. Bank Nifty Daily Bank Nifty on daily chart… Read More »
Last Week Chopad Level of 6326 showed its effect and nifty achieved its 2 target on downside. Q3 earnings season will kick off on Friday, 10 January, the day when IT major Infosys and private sector bank IndusInd Bank unveil results. Having a substantial weight in Nifty – Infosys results will be keenly watched.External trade… Read More »
How can a professional take the same trade as an amateur yet end the trade at a profit or be in a better position psychologically after taking a loss? Every trader experiences losing trades. Professionals and amateurs may have similar outlooks on a market, but oftentimes they end up with different results.So lets discuss the… Read More »