DLF Buy above 186 Tgt 190,193 and 197 SL 184 Sell below 183 Tgt 178,175 and 171 SL 184.5 Bharti Airtel Any close above 350 stock is heading towards 369 and 377. Buy above 350 Tgt 352,356 and 363 SL 348 Sell below 345 Tgt 341,338 and 333 SL 348 Hexaware Any close above… Read More »
Sesa Sterlite Buy above 219 Tgt 223,230 and 237 SL 215 Sell below 214 Tgt 211,207 and 202 SL 216 HCL Tech Buy above 1390 Tgt 1410,1421 and 1445 SL 1365 Sell below 1358 Tgt 1340,1320 and 1302 SL 1365 ICICI Bank Buy above 1492 Tgt 1510,1530 and 1566 SL 1482 Sell below… Read More »
Given the surge in India’s stock market, echoing the reflexive pro-business exuberance of last year’s Japanese stock market, the similarities between India’s newly-elected PM Narendra Modi and Japan’s Shinzo Abe are coming thick and fast… some good (pro-business), some bad (potential dislike of the US) and some potentially ugly (strong nationalist tendencies). Via… Read More »
Nifty has gained 38 % since Sept. 13 when NaMo was officially anointed as Prime ministerial candidate. Exit poll and outcome of the election. IIP, WPI and CPI data due next week. Lets analyze how to trade Bank Nifty before the Lok Sabha election results. Bank Nifty Hourly Elliot Wave Analysis Bank Nifty hourly charts… Read More »
The index-based market-wide circuit breaker system applies at 3 stages of the index movement, either way viz. at 10%, 15% and 20%. These circuit breakers when triggered bring about a coordinated trading halt in all equity and equity derivative markets nationwide. The market-wide circuit breakers are triggered by movement of either the BSE Sensex or… Read More »
FII’s sold 15239 contract of Index Futures worth 511 cores (2.5 K longs were added and 17.8 K shorts were added in Index Future) with net OI increasing by 20.4 K contracts.FII’s going aggressive short in Index Futures. As discussed in previous analysis we were expecting a 80-100 points move but has its mind of own… Read More »
Every day, hundreds of pilgrims from different parts of the country visit the confluence of the Ganga and Yamuna, the sangam, in Allahabad to take a dip. The nishads (boatmen) row them to the sangam and listen to their chatter, which includes their voting preferences during elections. I have been visiting the sangam as a… Read More »
FII’s sold 6691 contract of Index Futures worth 237 cores (725 longs were added and 7.7 K shorts were added for Index Future) with net OI increasing by 8.4 K contracts. So today’s FII’s continue adding shorts in Index Futures. Nifty is entering the demand zone, with hourly charts entering oversold so if 6740-6745 is held… Read More »
Last Week we gave Chopad level of 12836 M Bank Nifty made low of 12238 , did all 3 target on upside cool 364 points gained :), We have Fed meeting coming up next week , so markets will remain volatile Lets analyze how to trade bank nifty in next 3 trading sessions. Bank Nifty… Read More »
FII’s bought 49962 contract of Index Futures worth 1710 cores with net OI decreasing by 2 lakh contracts. So on expiry day FII’s squared off most of shorts they were carrying as rollover in the Nifty at around 59% is lower than the three-month average of 65%, indicating FII’s sees the risk of taking bullish… Read More »