Arvind Positional traders should look for close above 322 for short term target of 333/343. Intraday Traders can use the below mentioned levels Buy above 321 Tgt 324,327 and 333 SL 318 Sell below 316 Tgt 314,312 and 307 SL 318 Tata Steel Positional traders should look for close above 356 for short… Read More »
FII’s bought49.4 K contract of Index Future worth 1185 cores, 52.4 K Long contract were added by FII’s and 3 K short contracts were added by FII’s. Net Open Interest increased by 55.4 K contract. Nifty made a new All time High today @9008 took 100 session to achieve this feat. Below is the compiled list of… Read More »
Don’t get out of a trade when you are afraid get out when your trailing stop or stop loss is hit. Don’t enter a trade when you are greedy for profits get in when you get an entry signal. Don’t take a huge position size because you are greedy for profits, trade a planned position… Read More »
Last week we gave the Chopad level of 19076 Bank Nifty achieved 3 target on downside and 3 target on upside.Lets analyze how to trade next week. Bank Nifty Hourly Bank Nifty is approaching the resistance line of hourly chart suggesting breakout/breakdown is on cards. Break of 20100 suggests bank nifty can move towards 20800/21000.… Read More »
Adani Any close below 699 stock is heading to 665. Intraday Traders can use the below mentioned levels Buy above 716 Tgt 720,730 and 741 SL 709 Sell below 704 Tgt 699,694 and 680 SL 708 Jubilant Food Any close below 1652 stock is heading to 1631 and 1597. Intraday Traders can use… Read More »
FII’s bought 37.9 K contract of Index Future worth 851 cores, 46.9 K Long contract were added by FII’s and 8.9 K short contracts were squared off by FII’s. Net Open Interest increased by 55.9 K contract. Nifty formed another drajonfly doji candlestick suggesting dips are getting bought into. Nifty is still unable to break the hourly… Read More »
Risk management is the process of managing (read as reducing) the risk of a trade so that it is more likely to be profitable. Professional traders know that risk management is one of the most important aspects of trading, but it is often overlooked by new traders to their detriment (e.g. their blown up trading… Read More »
Last week we gave Chopad Levels of 8850 Nifty did 2 target on downside and 1 target on upside in a volatile week which saw swing of 272 points. Lets analyze how to trade next week. Nifty Hourly Chart Nifty Hourly charts near its trendline resistance. Nifty Hourly Elliot Wave Chart Elliot wave chart on… Read More »
Canara Bank Any close above 417 stock is heading to 432. Closing below 411 short term target 398 Intraday Traders can use the below mentioned levels Buy above 417 Tgt 421,425 and 432 SL 415 Sell below 413 Tgt 411,406 and 396 SL 415 Bata India Intraday Traders can use the below mentioned levels… Read More »
FII’s bought 86.9 K contract of Index Future worth 2224.84 cores, 59.9 K Long contract were added by FII’s and 27 K short contracts were squared off by FII’s. Net Open Interest increased by 32 K contract. Nifty was least volatile in yesterday trading session with range of just 202 points. Nifty showed a smart recovery in… Read More »