Bank Nifty continued with its consolidation trading below gann trendline and signal line suggesting a big move is round the corner as prices are contracting in the triangle. Support remains at 16862 and below that 16587. Resistance at 17170 and than 17280. Are you Trading on Skills or Luck Bank Nifty November Future Open… Read More »
Some describe trading as purely based on “LUCK” , “Tukka marna” as we call it in Hindi, but from my perceptive trading is all about “Skills” . Skills take time to develop. Take an Example of Engineer, To get an Engineering degree a student has to study for 6 years ( 2 Years for entrance… Read More »
Seven years after the Fed unleashed ZIRP and QE to “fix the economy”, it has finally admitted that ZIRP and QE failed to do that (although they certainly succeeded in blowing the biggest asset bubble ever), and for the past 6 months the Fed has engaged in what may be the most ridiculous case of… Read More »
FII’s bought 6.6 K contract of Index Future worth 403 cores ,38.9 K Long contract were added by FII’s and 32.2 K short contracts were added by FII’s. Net Open Interest increased by 71.1 K contract, so today’s fall in market was used by FII’s to enter both long and shorts in Index futures. How following… Read More »
Bank Nifty continued with its consolidation trading below gann trendline and signal line suggesting a big move is round the corner as prices are contracting in the triangle. Support remains at 16862 and below that 16587. Resistance at 17170 and than 17280. How following NEWS can Bust your Trading Account Bank Nifty November Future Open… Read More »
In Continuation with Previous Article Are you a “News” Based Trader or Price action Based ? With the Drama over Fed Rate Hike coming in next few days most of Traders will become obsessed with news events. They get sucked into a ‘black hole’ of staring at economic news calendars from their broker or elsewhere… Read More »
STAR Intraday Traders can use the below mentioned levels Buy above 1370 Tgt 1382,1400 and 1415 SL 1362 Sell below 1355 Tgt 1349,1336 and 1320 SL 1362 Bata India Intraday Traders can use the below mentioned levels Buy above 494 Tgt 497,502 and 510 SL 491 Sell below 487 Tgt 484,480 and 475… Read More »
Last week we gave the Chopad level of 16840 Bank Nifty gave long entry on Monday opening and achieved 3 target on upside on the same day,Lets analyze how to trade market in coming week. Bank Nifty Hourly Bank Nifty trading in contracting triangle with range bound moves suggesting big move is round the corner.… Read More »
Last week we gave Chopad Levels of 7820 , Nifty was volatile last week trading above and below the Chopad levels, Long Intitated during first half of week were stopped out, Short were rewarded but did not touch the first target and bounded back and Long at end of week were also rewarded with 1… Read More »