Indian Union Budget will be presented on 29 Feb 2016 , and as discussed in previous post Nifty remains in a wide range so there is an opportunity to trade in Nifty Options And the opportunity could turn out to be quite promising. Which will be market direction post budget we do not know so… Read More »
FII’s bought 15.4 K contract of Index Future worth 734 cores ,8.4 K Long contract were added by FII’s and 7 K short contracts were liquidated by FII’s. Net Open Interest increased by 1.3 K contract, so rise in market was used by FII’s to enter long and exit shorts in Index futures. Impact of the… Read More »
As discussed in last analysis Now we have Gann support in range of 13600-13500 range where we can see some bounce back. Bank Nifty made low of 13519 near 13500, near the gann arc and today we saw the bounce back but got resisted at the grey trend line. Now as we have budget on… Read More »
Budget day has been seen as one the The most important trading days in the history of the stock markets.Budget day trading is a Speculator’s delight. Huge swings can be seen in stocks based on how the market perceives what the finance minister just spoke. The reactions are instantaneous when one perceives the huge benefit… Read More »
Jet Airways Positional/Swing Traders can use the below mentioned levels Close above 521 Tgt 555/576 Intraday Traders can use the below mentioned levels Buy above 512 Tgt 521,530 and 539 SL 505 Sell below 500 Tgt 495,485 and 470 SL 505 ICICI Bank Positional/Swing Traders can use the below mentioned levels Close… Read More »
As discussed in last analysis Nifty closed below 7058 suggesting we can see down move till 6934/6900 range where we have the next gann arc as shown below , Nifty made low of 6961 and closed near 6970, near the gann confluence of trend line and just above the green arc. Holding the same we… Read More »
As discussed in last analysis Now we have Gann support in range of 13600-13500 range where we can see some bounce back. Bank Nifty made low of 13519 near 13500, We have 3 months of Selling in Bank Nifty it has happened 5 times in past as shown in below monthly chart. Every time Bank… Read More »
Trading is a process of continuous learning. If a trader pays close attention to what was done wrong or could have been done differently in past trades, a trader can greatly improve future performance. For example, a trader may notice that most of trades done after1:30 gives profit and done between 10-11 Am are generally… Read More »
Railway Minister : Looking to borrow Rs 20,000 cr this fiscal. Targeting capex of Rs 1.21 lakh cr over FY17. Positive comments on spending front and corridor associated companies like Concor, GDL, Alstom etc. While budget likely to adverse impact fiscal position of Government RAIL BUDGET 2016: Revenues To Be 10% Higher At Rs. 1.84… Read More »
HDFC Intraday Traders can use the below mentioned levels Buy above 1031 Tgt 1042,1050 and 1062 SL 1028 Sell below 1018 Tgt 1010,998 and 985 SL 1023 HDFC Bank Intraday Traders can use the below mentioned levels Buy above 953 Tgt 957,962 and 969 SL 949 Sell below 943 Tgt 936,926 and 916 SL… Read More »