October is known as the month of Flash Crash, This holds true for Indian Markets in particular, Be it Oct 2008 or 2012 or 2013. Yesterday Nifty Future made High of 5996 when Nifty was trading around 5900. Volumes of almost 8 Lakhs were traded at high of 5996. So was it the case of… Read More »
Science was put on hold, normally bustling stores went quiet and families depending on government aid feared losing their baby food as a government shutdown rippled across the country. The budget impasse in Washington shut all but essential U.S. government services for the second straight day on Wednesday, while neither political party appeared willing to… Read More »
As US government goes for shutdown Commodities Gold and Silver are getting hammered. One of the reason by commodity traders are No regulators looking at markets due to government shut down. Let see whats in for gold in coming few days. Gold Hourly Chart Gold hourly charts taken from MT4 platform try to break its… Read More »
Bank Nifty will likely take cues from June quarter current account deficit and will remain volatile tomorrow.The RBI will release the June quarter current account deficit tomorrow. Government aims to contain current account 3.7 per cent of GDP for the entire fiscal. Lets analyze how to trade Bank Nifty in coming week. Bank Nifty Hourly… Read More »
Last week we gave Trend Deciding level as 5984 Nifty Nifty achieved 2 weekly target with a gain of 168 points. Will US government Shut Down, Italy Political Situation and Aug Fiscal deficit figures coming out on Monday will dictate the trend for coming week. Indian Market will remain close on 2 Oct on account… Read More »
ICICI Bank ICICI bank is trading in a perfect downtrending channel and very near to an important gann number of 953,Swing Traders looks for close above 953 stock is heading towards 966 and 987. Any close below 932 stock is heading towards 898 in short term. Buy above 947 Tgt 953,966 and 975 SL… Read More »
Last Week we gave the Trend Deciding level as 10236 Bank Nifty made low of 10175 on Monday giving an excellent entry in longs and eventually reached all the Weekly Levels. The last week was one of the best week and worst week as Bank Nifty was up by 7% of Fed decision to continue… Read More »
Definition of ‘Open Interest’ The total number of options and/or futures contracts that are not closed or delivered on a particular day. Few Scenarios to Understand OI If a new buyer (a long) and new seller (a short) enter a trade, their orders are matched and open interest increases by one If a trader who… Read More »
Gold Jumps Most in 15 Months as Fed Refrains From Taper , Gold prices spike after Fed announcement but some controversial facts shows Insider Trading happened in Gold. Some traders were aware of the FOMC news before it was released. Here is the fact: Around 4300 contracts changed hands in the Dec Futures – massively… Read More »
Bank of Baroda Bank of Baroda is respecting its Fibo fan levels and also closed below an important Gann number of 555.Bullish move above 555 for target of 576 and 589. Positional Shorts should be initiated below 520 for target of 500 and 476. Intraday Traders can use the below mentioned levels Buy above 539… Read More »