FIIs sold 664 contracts of Index Future (Bought 5011 long contract and 5675 shorts were added) worth 46 cores with net Open Interest increasing by 10686 contracts. SO FII’s are doing Intraday trading in market and enjoying the market volatility. As 2 major news based event in coming 2 days so less commitment to overnight positions. Nifty… Read More »
Last Week we gave the Trend Deciding level as 9976 Bank Nifty opened with Huge Gap up but 11 Sep gave us entry made low of 9980 just 4 points away from our Trend Deciding levels and achieved 2 target on upside. The data on wholesale price index (WPI) for August 2013, the outcome of… Read More »
SENSEX and Indian rupee has witnessed a dramatic turnaround since Wednesday, when Raghuram Rajan took over as the new governor of the Reserve Bank. Sensex yesterday closed above the psychological level of 20000, Nifty rallied 555 points in 4 days and Indian Rupee retraced back to 64 from life lows of 69 again of almost… Read More »
Axis Bank Axis Bank was unable to cross its falling trendline, Banks have rallied the most in recent upmove but yesterday most of banks including axis have underperformed the nifty,suggesting selling at higher levels. Some pullback rally is on cards to fill the last gap 952-977. Positional traders can short axis below 987 for short… Read More »
Paryushan parva is a time of reflection on our past year actions. It is observed during every Chaturmas commencing on the twelth day of the shukla paksha of “Bhadrapad” month and ending on the fourth day of Krishna paksha of Bhadrapad. It is marked by strict observance of the ten cardinal virtues: Forgiveness, Charity, Simplicity,… Read More »
Trend Changer is a positional strategy for trading in Nifty Futures, Bank Nifty Futures and Stock Futures. Trend Changer Level as its name indicates is a pivotal number which reflects the balance of power within Nifty and Bank Nifty Futures. Its a number where Bulls and Bears are Neutralized.Once either of them are able to… Read More »
Last Week we gave the Trend Deciding level as 9066 and Bank Nifty achieved 2 target on downside and did all target on upside but with a gap up which was not tradeable 🙂 .Lets analyze how to trade Bank Nifty in coming week. Bank Nifty Hourly Bank Nifty on hourly chart is finding resistance… Read More »
FIIs bought 45375 contracts of Index Future worth 1198 cores with net Open Interest decreasing by 37997 contracts.So FII were on short covering spree today. After covering they went long and pushed bank nifty to 9% up. A move not seen in recent trading history. Nifty is approaching the higher end of falling trend line… Read More »
BHEL BHEL is forming an triangle formation signalling an explosive move round the corner. Positional traders can buy above 131 for target of 138 and 144. Failure to close above 131 will take stock back to 123 odd levels. Intraday Traders can use the below mentioned levels Buy above 128.5 Tgt 131,134 and 138 SL… Read More »
FIIs sold 68508 contracts of Index Future (Sold 2234 long contract and 26498 fresh shorts were liquidated) worth 648 cores with net Open Interest decreasing by 28732 contracts.So FII shorted 50K contract yesterday has exited 26K contract in today’s rise and are still holding the remaining 23K contracts.So net to net basis are still short in market.… Read More »