Asian Paint Any close above 843 stock is heading to 898. Intraday Traders can use the below mentioned levels Buy above 836 Tgt 842,852 and 860 SL 831 Sell below 825 Tgt 816,810 and 798 SL 830 LT 1686 is Trend Chager level for LT, close above it stock will move towards 1740. Any close… Read More »
FII’s sold 7.9 K contract of Index Future worth 139 cores,7.5 K Long contract were squared off by FII’s and 401 short contracts were added by FII’s. Net Open Interest decreased by 7.1 K contract. After the Big fall on Friday,today was the perfect day of consolidation with formation of DOJI candlestick, As per Pyrapoint Analysis 135 degree… Read More »
How could an experienced trader lose his entire fortune? Why didn’t Jesse Livermore follow his own trading rules? – rules that should quickly have closed his losing positions. In 1917, with great foresight, Jesse Livermore had bought $800,000 worth of annuities. His objective was to ensure his family had an income in case he lost… Read More »
LIC Housing Any close below 444 stock is heading to 432/411 Intraday Traders can use the below mentioned levels Buy above 448 Tgt 451,454 and 458 SL 446 Sell below 444 Tgt 442,440 and 436 SL 446 BHEL Any close below 254 stock is heading to 246/241/238. Intraday Traders can use the below mentioned… Read More »
Last week we gave the Chopad level of 19596 Bank Nifty achieved 3 target on downside .Lets analyze how to trade next week. Bank Nifty Hourly Bank Nifty took support at the trendline @18750 and closed near it. 2 Demand zones are marked in above chart, 18500 and 18300 respectively. Break and close below 18750… Read More »
Last week we gave Chopad Levels of 8936 Nifty opened at 8891 below chopad levels and did 2 target on downside rewarding Chopad followers with 170 points. Last week is the biggest weekly loss for CY2015 . Lets analyze how to trade next week. Nifty Hourly Chart Nifty Hourly charts has broken its trendline support… Read More »
In Continuation of Previous article Harami The Harami pattern is a real small body that is contained within what the Japanese call an “unusually long black body or white real body.” “Harami” is an old Japanese word for pregnant. The Japanese nickname for the long candle is the “mother” candle and the small candle is the “baby”… Read More »
Teaser : Provided the net purchase of 14.48% as on 05.03.15 is maintained by the FIIs, NIFTY must close March 15 at 9182.65. It is a generally accepted and recognized theory that FIIs and DIIs can influence the NIFTY. In this article an attempt is made to understand the impact made by the institutional… Read More »
FII’s sold 8.3 K contract of Index Future worth 5 cores,1.6 K Long contract were squared off by FII’s and 6.6K short contracts were added by FII’s. Net Open Interest increased by 4.9 K contract. As discussed in yesterday analysis, we thought Nifty has formed short term bottom and was ready to move up, Nifty opened gap up… Read More »
ODDS ARE AGAINST YOU BEING A SUCCESSFUL TRADER Sorry to burst your bubble but failure is the highest probable outcome for most in this business. Failure doesn’t come because the markets are “rigged” or the belief that “they” are monitoring your odd lot trades to take the other side only to cause you pain in… Read More »