FIIs bought 15148 contracts of Index Future worth 490 cores with net Open Interest decreasing by 167031 contracts. Nifty made a fresh 52 week high today at 6309 and Sensex at its 5 year high,Nifty is approaching the crucial 6337 level. If charts are seen closely every time it touch the 6338 level we see… Read More »
The BSE Sensex closed at a record high on Wednesday riding on strong fund flows from overseas investors. The Sensex gained 105 points to close at 21,034, while the 50-share Nifty ended at 6,251.70, rising 31 points. Media is abuzz with Sensex reaching new life High on Diwali day which is quiet possible but should… Read More »
Reliance Capital Reliance Capital is unable to cross its 200 DMA,formed a DOJI pattern,Unable to close above 200 DMA Correction 343 and 322 levels in short term. Buy above 364 Tgt 367,371 and 376 SL 362 Sell below 357 Tgt 352,348 and 343 SL 360 Tata Steel Buy above 331 Tgt 334,339… Read More »
Last Week We gave the Bank Nifty Weekly Trend changer level as 10756 Bank Nifty did 2 target on upside. Next week is quiet crucial for Bank Nifty as we have RBI Policy, FOMC meeting and F&O expiry all 3 lined up in next 4 days. Bank Nifty being an high beta instrument will rise… Read More »
“Correction” is a term that gets used increasingly loosely in stock market talk, to where it’s becoming applied to every 2 percent or 3 percent selloff that happens these days. Truth is, though, the stock market hasn’t had a real correction-a drop between 10 percent and 20 percent-in more than two years. That’s been 516… Read More »
Yes Bank Pennant formation signalling an explosive move is round the corner. Buy above 364 Tgt 368,375 and 390 SL 358 Sell below 355 Tgt 351,343 and 338 SL 358 Cairn India Buy above 331 Tgt 336,342 and 354 SL 328 Sell below 324 Tgt 320,316 and 311 SL 328 Axis Bank… Read More »
Asian Paint Asian Paint is trading in triangle pattern with resistance at 495 and support at 475. Stock has formed a DOJI pattern with volumes signalling an explosive move is round the corner. Buy above 487 Tgt 492,495 and 500 SL 484 Sell below 483 Tgt 477,472 and 469 SL 485 Zee Limited Any… Read More »
Last Week We gave the Bank Nifty Weekly Trend changer level as 10626 Bank Nifty did 2 target on downside and 1 target on upside in volatile week, so traders were able to capture both up move and down move. Lets analyze how to trade Bank Nifty in coming week. Bank Nifty Daily Bank Nifty… Read More »
And so, in the proverbial 11th hour, or technically 10th hour and 10th minute before the midnight of the X-Date, the House gets the necessary 216 votes to pass the Senate bill to raise the debt ceiling, and in a final 285-144 tally, in which 87 Republicans voted yea to 144 GOP noes as all… Read More »
With two days to go to until dreaded October 17 D-Day (on which incidentally, very little of note will happen, because as Goldman explained earlier today, that is simply the date past which the Treasury can no longer borrow, but still has some $30 billion in cash which could last to fund the Treasury’s needs… Read More »