These days Currency trading has become dangerous, As Forex Market is highly leveraged so even a small move of 1% can see big move in your trading account. After US FOMC Statement and more dovish Janet Yellen US Dollar crashed from 99.5 to 96.5 and EURO rose USD JPY crashed sub 119 all represented… Read More »
Information received since the Federal Open Market Committee met in January suggests that economic growth has moderated somewhat. Labor market conditions have improved further, with strong job gains and a lower unemployment rate. A range of labor market indicators suggests that underutilization of labor resources continues to diminish. Household spending is rising moderately; declines in… Read More »
FII’s sold 21.8 K contract of Index Future worth 487 cores,21.1 K Long contract were squared off by FII’s and 608 short contracts were added by FII’s. Net Open Interest decreased by 20 K contract. After yesterday consolidation with formation of DOJI candlestick, Nifty saw a volatile move today, Range for the day was just 120 points but… Read More »
Last week we gave the Chopad level of 19596 Bank Nifty achieved 3 target on downside .Lets analyze how to trade next week. Bank Nifty Hourly Bank Nifty took support at the trendline @18750 and closed near it. 2 Demand zones are marked in above chart, 18500 and 18300 respectively. Break and close below 18750… Read More »
Teaser : Provided the net purchase of 14.48% as on 05.03.15 is maintained by the FIIs, NIFTY must close March 15 at 9182.65. It is a generally accepted and recognized theory that FIIs and DIIs can influence the NIFTY. In this article an attempt is made to understand the impact made by the institutional… Read More »
Voltas Any close above 290 stock is heading to 300/310/322. Intraday Traders can use the below mentioned levels Buy above 290 Tgt 295,298 and 302 SL 288 Sell below 286 Tgt 284,282 and 280 SL 288 Havells Any close above 296 stock is heading to 305/322. Intraday Traders can use the below mentioned… Read More »
The currency war salvos just keep on coming. Following the surprise rate cut by Thailand earlier today, the “surprise” South Korean rate cut means there are now 24 easing policy actions by central banks in 2015 alone. Here is the full list of the 24 central bank rate cuts so far in 2015: 1. Jan.… Read More »
ONGC Any close above 322 stock is heading back to 330/337/343. Intraday Traders can use the below mentioned levels Buy above 315 Tgt 318,320 and 322 SL 314.4 Sell below 313 Tgt 310,308 and 303 SL 314.4 IRB Any close above 241 stock is heading back to 246/254. Intraday Traders can use the below mentioned… Read More »
Sensex corrected by 550 points Nifty almost 200 Points making today as Black Monday,biggest decline in 2 months. Last big decline was seen on 06 Jan 2015. Budget was good market rallying and out of no where we saw a correction. I am discussing few points below which would had led to the correction. Concerns… Read More »
Last week we gave the Chopad level of 19986 Bank Nifty achieved 3 target on upside and 2 target on downside, We have inflation and CPI data coming on 12 March which will be closely watched by market.Lets analyze how to trade next week. Bank Nifty Hourly Bank Nifty took support at the trendline @18400… Read More »