FIIs bought 15354 contracts of Index Future worth 486.6 cores (21443 Longs were added and 6079 shorts were added ) with net Open Interest increasing by 27512 contracts, so FII’s are added majority longs and added partial shorts in index futures so equation changed completely with inflation data. As discussed in yesterday post, breakout above… Read More »
FIIs sold 13253 contracts of Index Future worth 413.4 cores (4934 Longs were added and 18187 shorts were added ) with net Open Interest increasing by 23121 contracts, so FII’s are added majority shorts and added partial longs in index futures signalling range bound moves ahead. After a big rally on Monday, Tuesday was a… Read More »
Today’s post is a continuation of previous article where we discussed psychological aspects of trading. Most of the psychological difficulties in trading occur due to our emotions. In this 2 part series of articles, the emotion we want focus on is fear. Fear certainly has its value in life. For example, a sense of fear… Read More »
Last week we gave trend changer level of 11406 and Bank Nifty almost did the 3 target on downside.Lets analyze how to trade Bank Nifty in coming week. Bank Nifty Hourly Bank Nifty hourly charts is forming a range contraction,breakdown below 11016 for initial target of 10880. Bank Nifty Daily Bank Nifty on daily chart… Read More »
Bank Nifty Hourly Bank Nifty hourly charts is forming an ascending triangle formation.Breakdown below 11400 and breakout above 11530 Bank Nifty Daily Bank Nifty on daily chart is near its trendline resistance unable to cross the pullbackback is expected to fill upside unfilled gaps. Fibonacci technique Fibonacci fan Bank Nifty Fibonacci fan are wonderful tool… Read More »
Nifty continued to trade above the channel but again failed to close above 6300 level for 3 day. Today was another day of consolidation, 3 days of consolidation. Nifty should hold 6265 level for up move to continue till 6337-6357 odd levels,failing to close above it we can see down move near 6200 odd levels.… Read More »
FIIs bought 6507 contracts of Index Future worth 212 cores (25435 Longs contract were added and 18298 shorts contract were added ) with net Open Interest increasing by 44363 contracts, so FII’s added longs and shorts in today’s session. Nifty continued to trade above the channel but again failed to close above 6300 level. Today… Read More »
After having followed a zero interest rate policy strategy and facing a further deteriorating economy in an environment of falling prices (deflation), the Bank of Japan (BoJ) announced the introduction of QE on 19 March 2001 and kept it in place until 9 March 2006. The BoJ chose for a very orderly and gradual unwinding… Read More »
FIIs bought 18028 contracts of Index Future worth 549 cores (26909 Longs contract were added and 8881 shorts contract were added) with net Open Interest increasing by 35790 contracts, so FII’s added longs and short both before the Fed event bias remains on long side though. RBI governor Raghuram Rajan played Santa for the Indian… Read More »
Monetary and Liquidity Measures On the basis of an assessment of the current and evolving macroeconomic situation, it has been decided to: keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 7.75 per cent; and keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 per cent of net… Read More »