As Discussed in Last Analysis Bank Nifty bulls were able to achieve all the upside target above 27920. Bulls need to close above 28064 for the upmove to continue towards 28225/28450. Bearish below 27888 for a move back to 27740/27650/27496. High made today was 28019 so bulls were not able to capture 28064, Bearish target… Read More »
India Rupee has been rallying in last few days and made a new life time low today. Fundamentally Rally in Rupee is due to 3 Reasons as mentioned Broad dollar strength, Trend in crude oil prices and Emerging-market currency movements, The way LIRA crashed has an sentimental impact on all Asian Currencies. On Technical Front… Read More »
Dabur Positional Traders can use the below mentioned levels Close above 455 Target 466/480 Intraday Traders can use the below mentioned levels Buy above 455 Tgt 458,461 and 466 SL 451 Sell below 449 Tgt 445,441 and 437 SL 452 CESC Positional Traders can use the below mentioned levels Close below 898 Target… Read More »
FII’s sold 7.6 K contract of Index Future worth 710 cores ,964 Long contract were covered by FII’s and 6.6 K Short contracts were added by FII’s. Net Open Interest increased by 5.7 K contract, so fall in market was used by FII’s to exit long and enter short in Index futures. FII’s Long to… Read More »
As Discussed in Last Analysis Bank Nifty closed below 28200 on Time Cycle Turn Date,Friday and as expected gave a 300+ point fall in gap down doing our target of 27792 and we closed at gann level support as shown in below chart. Now Bears need to break 27734 for a move back to 27650/27556/27484.… Read More »
The AB=CD or ‘lightning bolt pattern‘ Harmonic Pattern AB=CD is a reversal pattern that helps you identify when the price is about to change direction AB=CD pattern is a four point harmonic pattern which may be considered the developmental basis for other harmonic patterns. A-B leg when a market is trending upwards, the first… 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 »
Shared by Raju, Avid Blog Reader Self-Discipline It has been my experience in trading and helping new and seasoned traders, that the greatest cause of losses is the absence of self-discipline. You need self-discipline to follow your trade plan; to be patient; to take losses… and profits! And, to practice sound money management. Fear and… Read More »
Reliance Capital Positional Traders can use the below mentioned levels Close below 416 Target 399/385 Intraday Traders can use the below mentioned levels Buy above 421 Tgt 425,430 and 438 SL 417 Sell below 416 Tgt 411,406 and 401 SL 420 Apollo Tyre Positional Traders can use the below mentioned levels Close above… Read More »
FII’s sold 8.9 K contract of Index Future worth 223 cores ,3 K Long contract were covered by FII’s and 5.8 K Short contracts were added by FII’s. Net Open Interest decreased by 8.9 K contract, so fall in market was used by FII’s to exit long and enter short in Index futures. FII’s Long to… Read More »