Overview The Money Flow Index (“MFI”) is a momentum indicator that measures the strength of money flowing in and out of a security. It uses both price and volume to measure buying and selling pressure. Created by Gene Quong and Avrum Soudack, It is related to the Relative Strength Index, but where the RSI only… Read More »
Most of traders develop trading systems based on patterns we see in price action or in momentum or other indicators. But, what if we took “time” into account as well? When ever we talk of TIME, one person which come to our Mind is legendary W D Gann. But there are many other famous traders… Read More »
One of the Best Article of Brett N. Steenbarger, Ph.D. Cognitive psychologists emphasize that we see what we want to see: we are all prisoners of the mental maps we create. Once a trader forms an opinion, he or she is more likely to overweight information consistent with this view than information that is contradictory.… Read More »
DLF Positional Traders can use the below mentioned levels Close above 235 Target 243/248 Intraday Traders can use the below mentioned levels Buy above 235 Tgt 237,240 and 243 SL 233 Sell below 231 Tgt 229,227 and 224 SL 233 CESC Positional Traders can use the below mentioned… Read More »
FII’s bought 3.8 K contract of Index Future worth 220 cores ,11.2 K Long contract were added by FII’s and 7.4 Short contracts were added by FII’s. Net Open Interest increased by 27.7 K contract, so rise in market was used by FII’s to enter long and enter short in Index futures. FII’s Long to Short… Read More »
As discussed in Last Analysis We had a roller coaster ride today with a gap down opening price bouncing swiftly from the strong support zone of 24780-24800 as we have discussed , Price rallied from one angle to another angle. Price also closed above 25569, So bulls can continue rally towards 25720/25888. Bearish below 25500… Read More »
LIC Housing Finance Positional Traders can use the below mentioned levels Close above 560 Target 576 Intraday Traders can use the below mentioned levels Buy above 560 Tgt 564,568 and 572 SL 557 Sell below 555 Tgt 550,545 and 540 SL 558 Auro Pharma Positional Traders can use the below mentioned levels Close… Read More »
FII’s bought 5.7 K contract of Index Future worth 219 cores ,5.7 K Long contract were added by FII’s and 56 Short contracts were added by FII’s. Net Open Interest increased by 5.8 K contract, so rise in market was used by FII’s to enter long and enter short in Index futures. FII’s Long to Short… Read More »
As discussed in Last Analysis As seen in below chart after we did price time squaring price just moved from 1 gann angle to another gann angle,This is how gann analysis helps in getting an edge using both price and time. Yesterday we closed just above 25160 and today bulls were rewarded big time. Bulls… Read More »
Bata India Positional Traders can use the below mentioned levels Close above 743 Target 777 Intraday Traders can use the below mentioned levels Buy above 742 Tgt 751,761 and 771 SL 738 Sell below 731 Tgt 721,711 and 701 SL 735 Adani Ports Positional Traders can use the below mentioned levels Close below 400 Target… Read More »