Yearly Archives: 2015
Understanding ON BALANCE VOLUME indicator
Overview On balance volume (OBV) is a momentum indicator, the calculation of which relates volume to price change. OBV was developed by Joe Granville. .OBV provides a running total of volume and shows whether this volume is flowing in or out of a given security. OBV attempts to detect when a financial instrument (stock, bond,… Read More »
Nifty rallies on hope of rate cut,FII FnO Data Analysis
FII’s bought 177 K contract of Index Future worth 3823 cores ,121 K Long contract were added by FII’s and 55 K short contracts were squared by FII’s. Net Open Interest increased by 66 K contract. Highest number of Longs added by FII’s in 2015 in single day also before RBI policy on 2 June. Is… Read More »
Is it possible for an amateur trader to make sustainable profits ?
Every traders wants to trade Big with a well funded trading capital of at least 10 lakh but very few are able to achieve this feat. Its often said Making the First Million is the most difficult thing once achieved money will flow in your coffers. Trading small account is very difficult when compared… Read More »
IRB,CIPLA and Rel Capital Gann Analysis
IRB Any close below 246 short term target 238/233. Bullish above 254 for target of 267. Intraday Traders can use the below mentioned levels Buy above 248 Tgt 249.3,252 and 256 SL 246.5 Sell below 245 Tgt 242.5,238 and 235 SL 246.5 Cipla Any close below 640 short term target 610. Intraday Traders can… Read More »
Nifty Outlook for June Series
Nifty reacted from the zone of support as shown in below chart, took support near 20 SMA for 2 day in row. Nifty has also been holding Murry Math Line as shown in the 2 chart suggesting buying coming at lower level. The May expiry nifty move only 137 points from expiry close to expiry… Read More »
Disposition Effect: Why Retail traders Lose in Stock Market
Disposition Effect: It’s a tendency to close a profitable position early and hold on to a losing position longer, hoping that prices recover. Researchers working at the Centre For Analytical Finance at Indian School of Business, after examining terabytes of data pertaining to trading behavior of retail and institutional traders, found that trading done by… Read More »
TVS Motor,Crompton and Adani MML Analysis
Crompton Intraday Traders can use the below mentioned levels Buy above 169.6 Tgt 171.5,173 and 176 SL 168 Sell below 167.4 Tgt 165.8,164 and 161 SL 168.5 Adani Intraday Traders can use the below mentioned levels Buy above 796 Tgt 801,808 and 820 SL 790 Sell below 788 Tgt 783,775 and 770 SL 793… Read More »
Nifty May 2015 Series F&O Expiry Analysis
FII’s sold 7.1 K contract of Index Future worth 96 cores,29.6 K Long contract were added by FII’s and 36.7 K short contracts were added by FII’s. Net Open Interest increased by 66.4 K contract. Things You Should do Before Trading for A Living Nifty reacted from the zone of support as shown in below chart,… Read More »
Are you trading on Luck or trading Skills ?
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 »