What’s a Trading Plan? The starting point of effective trading is the Trading Plan. One can think of it like a Business Plan for the trader. Just like the Business Plan, the Trading Plan is a specific outline of current status, objectives for the future, and the expected path to reach those goals. In plain… Read More »
Last week we gave the Chopad level of 19466 Bank Nifty achieved 2 target on downside.Coming week has 6 trading session as market will remain open on Saturday as Union Budget will be presented. I have discussed which traders can use as an Input to their trading plan for coming week Stock Market Response to… Read More »
Eurogroup statement on Greece The Eurogroup reiterates its appreciation for the remarkable adjustment efforts undertaken by Greece and the Greek people over the last years. During the last few weeks, we have, together with the institutions, engaged in an intensive and constructive dialogue with the new Greek authorities and reached common ground today. … Read More »
You have the basic risk that your trade will be a loser. This is trade risk; however you can control the maximum amount you lose in the majority of situations through position size and a stop loss. You also have the general market risk factor. You can pick a stock of a wonderful company but… Read More »
FII’s bought 11 K contract of Index Future worth 284 cores, 7.3 K Long contract were added by FII’s and 3.6 K short contracts were squared off by FII’s. Net Open Interest increased by 3.7 K contract ,so FII’s added long in Index Futures and squared off shorts in index futures. Nifty rose for 6 day in… Read More »
From Deutsche Bank Today’s second Eurogroup meeting on Greece was cut short, again concluding in deadlock. The atmosphere remains tense, but through all the multiple and conflicting headlines, the subsequent Eurogroup press conference provides us with a clear framework on how the Greek crisis will progress over the next few days and weeks. First, Eurogroup… Read More »
Last week we gave the Chopad level of 18686 Bank Nifty achieved 2 target on downside and 3 target on upside rewarding chopad followers by 900 points . Lets analyze how to trade Bank Nifty in coming week. Bank Nifty Hourly As discussed last weeek Bank NIfty hourly charts are approaching the demand zone as… Read More »
The Origin of Yen Carry Trade starts from way back in 1990 In 1990 The Bank of Japan had managed to burst bubbles in the Japanese stock and real estate market, by raising interest rates. This brought the economic growth to a standstill. After bursting the bubbles by raising interest rates, the Bank of Japan… Read More »
Seeing an opportunity and acting upon it are two different things. • Price has memory. Odds are what price did the last time it hit a certain level will be repeated . . . (BR: Until support or resistance fails). • Pay attention to price action, regardless of what the charts are saying. • Look… Read More »
BHEL Holding 254 stock is heading back to 267/288. Intraday traders use below mentioned levels Buy above 258 Tgt 262,265 and 269 SL 255 Sell below 253 Tgt 251,246 and 240 SL 255 Bank India Closing above 242 stock is heading to 246/254 and 267 in short term, Any close below 238 short term… Read More »