The BSE Sensex and Nifty are trading near 13 months low and have declined 17% from the 2015 High which we saw on 04 March 2015. In Just 6 months Stock market have wiped out the gains made in past 13 months.Let me put the reason from both Technical and Fundamental Perceptive Sensex corrected by… Read More »
There’s no question that the world economy has been shaky at best since the crash of 2008. Yet, politicians, central banks, etc., have, since then, regularly announced that “things are picking up.” One year, we hear an announcement of “green shoots.” The next year, we hear an announcement of “shovel-ready jobs.” And yet, year after… Read More »
Last week we gave the Chopad level of 17850 Bank Nifty opened with Huge gap down and did not give any opputunity for Chopad Followers to take entry. Lets analyze how to trade market in coming week. Bank Nifty Hourly Bank Nifty as per Gann Wedge and Arc high of 17600 should be broken for… Read More »
Two years ago, when we first profiled Japan’s mysterious “Mister Watanabe” daytrader – aka CIS – we thought it may just all be a hoax. But, as his claims this week that he made $34 million trading the panic on Monday – “I do my best work when other people are panicking,” Bloomberg reports, CIS… Read More »
Submitted by Jesse via The Burning Platform blog, This is one of the best documentaries on the Crash of 1929 if you wish to get a feel for the times. You may find it interesting to watch the whole thing below.I have posted the entire documentary twice before: once, on the 80th anniversary of… Read More »
BHEL Positional/Swing Traders can use the below mentioned levels Close above 233 target 241/246/254 Intraday Traders can use the below mentioned levels Buy above 235 Tgt 238,241 and 246 SL 233 Sell below 232.5 Tgt 230,226 and 222 SL 234 BPCL Positional/Swing Traders can use the below mentioned levels Close above 898 target… Read More »
August Series Nifty corrected 5.8 % was worst series after Aug 2013 when Nifty corrected 8.8%.Nifty and Bank Nifty Bat pattern continue to show the effect as market has recovered 281 points from the low. 8032 is 38.2% retracement 8045 is gann 1×1 line and 8065 is pyrapoint resistance needs to be watched tomorrow.Strong support… Read More »
Via Goldman Sachs, China has been the epicenter of recent market concerns as global markets focus on China’s growth trajectory. Equity markets have been hit hard. The Shanghai Composite is down -43% since its peak on June 12th; with -21% of that down-move coming over the last five trading days. HSCEI is down -32% since… Read More »
Bharat Forge Positional/Swing Traders can use the below mentioned levels Close below 1131 target 1076 Intraday Traders can use the below mentioned levels Buy above 1151 Tgt 1164,1174 and 1194 SL 1140 Sell below 1131 Tgt 1120,1110 and 1095 SL 1140 JSW Steel Intraday Traders can use the below mentioned levels Buy above 872… Read More »
FII’s bought 52 K contract of Index Future worth 1023 cores ,94.3 K Long contract were added by FII’s and 41.4 K short contracts were added by FII’s. Net Open Interest increased by 135 K contract, so today’s fall in market was used by FII’s to enter long and enter shorts in index futures .Want to… Read More »