Bank Nifty again took support near gann arc and trendline as shown in below 2 charts,16850 will play important support in next 4 days as breaking the same can see bank nifty moving towards 16587/16300. Holding move towards 17170/17396. How YOU react when market move against your trading positions ? Bank Nifty December Future… Read More »
FII’s bought 0.08 K contract of Index Future worth 34 cores ,3.2 K Long contract were liquidated by FII’s and 4 K short contracts were liquidated by FII’s. Net Open Interest decreased by 7.2 K contract, so today’s fall in market was used by FII’s to exit long and exit shorts in Index futures. Nifty Options-What… Read More »
Eric Barker has a new article (link here) on how to win every argument. The article had a point which made me think whether the same situation happens in trading. So it quoted an experiment by psychologist Drew Westen, which showed to supporters, footage of their favorite candidates completely contradicting himself. The experiment found that as… Read More »
Asian Paint Positional/Swing Traders can use the below mentioned levels Close above 843 target 870/898. Intraday Traders can use the below mentioned levels Buy above 841 Tgt 846,851 and 857 SL 837 Sell below 833 Tgt 829,824 and 817 SL 837 HDIL Positional/Swing Traders can use the below mentioned levels Close above 68 Short… Read More »
Last week we gave the Chopad level of 17400 Bank Nifty gave long Entry on Monday opening and achieved 1 target High made was 17499 and our 1 Target 17510, Short Entry on downside was given on Wednesday and did 3 target on downside by Friday,Lets analyze how to trade Bank Nifty in coming week.… Read More »
Last week we gave Chopad Levels of 7950 , Nifty was volatile last week trading above and below the Chopad levels, Long Intitated during first half of week got Stopped out , Shorts were rewarded with all three target done by Friday. Nifty made low of 7756 which was near our last Chopad level of… Read More »
FII’s sold 16.5 K contract of Index Future worth 965 cores ,10.5 K Long contract were liquidated by FII’s and 6 K short contracts were added by FII’s. Net Open Interest decreased by 4.4 contract, so today’s fall in market was used by FII’s to exit long and enter shorts in Index futures. Nifty Options-What happens… Read More »
Bank Nifty did the extended ABCD target and closed near 16897 which is near 78.6%. Bank NIfty also is near 61.8% zone of last fall so range of 16860-16890 is very important zone also gann arc support zone, which was held on Friday, holding the same we can see rally towards 17170 range where gann… Read More »
Many traders will indulge in Option trading especially on Expiry Day to make some quick buck as sometimes Rs 1 Options can jump to Rs 20-30 in matter of time. During my trading Seminar , general question which most of participants have is Why do options trade at lesser than theoretical value on the expiry… Read More »
All of us tend to look up to big people for lessons on how to get better. We are keen to learn the secrets of their success. But we forget that sometimes the biggest lessons in life come from the smallest folks around us. Take ants for instance. Would you believe those small creatures can… Read More »