FII’s bought 11.2 K contract of Index Future worth 709 cores ,9.3 K Long contract were added by FII’s and 1.9 K short contracts were liquidated by FII’s. Net Open Interest increased by 7.4 K contract, so fall in market was used by FII’s to enter long and exit shorts in Index futures. Below Gann Analysis… Read More »
Uncertain Times Requires more Simple techniques to trade, As the saying goes Keep it Simple and Stupid, Below Gann Analysis Chart has been discussed in Weekly Analysis We saw the gap down opening below 19252 on overnight events of Surgical Strike on Black Money and Donald becoming President which most of traders were not able… Read More »
Hindalco Positional Traders can use the below mentioned levels Close below 150 Target 146/140 Intraday Traders can use the below mentioned levels Buy above 152 Tgt 154, 156 and 160 SL 151 Sell below 150 Tgt 148,146 and 142 SL 151 DHFL Positional Traders can use the below mentioned levels Close below 278 Target 260… Read More »
FII’s sold 4.5 K contract of Index Future worth 302 cores ,1.8 K Long contract were liquidated by FII’s and 2.7 K short contracts were added by FII’s. Net Open Interest increased by 873 contract, so rise in market was used by FII’s to exit long and enter shorts in Index futures. Government’s surgical strike against… Read More »
As discussed in Last analysis Bank Nifty closed above 19252 suggesting move till 19666 on cards till 19252 is held. Break of 19252 will lead fast move towards 19000 and below it 18750, Bank Nifty continue to hold 19252 as low made today was 19322. As Today our PM did Surgical Strike on Black Money … Read More »
Summary of the important announcement : 1. Black money issue, 500 rupees and 1000 rupees banned from Midnight. 2. ATM’s wouldn’t wouldn’t work on 9th and 10th November. Rather the withdrawal limit is Rs. 2000 only. 3. All Residents have option till 30th December 2016, to deposit their existing cash balance of 500 and 1000… Read More »
Got from a Blog Reader.. Worth a Read An insightful post from Dave Kelly asks the question, *”Why is it so hard to be inactive*?” in markets. Many a trader I’ve known has traded very well and profitably, only to see those profits vanish through unnecessary trading. They have trouble with patience, with the not-trading… Read More »
Engineer India Positional Traders can use the below mentioned levels Close above 256 Target 267 Intraday Traders can use the below mentioned levels Buy above 252 Tgt 254, 256 and 258.5 SL 250.5 Sell below 247.4 Tgt 245.4,243.5 and 240 SL 249 Infosys Positional Traders can use the below mentioned levels Close above 990 Target… Read More »
FII’s sold 3.7 K contract of Index Future worth 235 cores ,11.7 K Long contract were liquidated by FII’s and 8 K short contracts were liquidated by FII’s. Net Open Interest decreased by 19.8 K contract, so rise in market was used by FII’s to exit long and exit shorts in Index futures. Arrogance, in varied… Read More »
As discussed in Last analysis Bank Nifty is forming a Bullish ABCD pattern which got completed in the range of 18950-18961, so holding this range we can see bounce back till 19252/19400. Bearish below 18950 for a target of 18850/18750. Bank Nifty showed effect of bullish ABCD pattern and made high of 19378 near target… Read More »