Century Textile Century textile is trading in perfect downtrending channel and current down move will get over only on close above 233 which gives positional target of 241 and 254 in short term. Any close below 199 will be big fallout for bulls as stock can fall as low as 178 in short term Buy… Read More »
Due to inflation spikes of the rupee, India has restricted foreign exchange outflows as well as gold imports starting August 14. This is a new attempt to help salvage the dropping Indian currency and to hold back a crippling external deficit. India is known to be the biggest buyer of bullion but the newest financial… Read More »
When I started blogging 3 years back, it was started with only one aim for sharing my technical skills,helping retail traders in technical analysis and making them profitable in their trading. Technical analysis and trading is/was/ will be my passion. It was my passion which i put into action and never thought that Bramesh’s Tech… Read More »
Wishing all Readers a Happy Independence Day FIIs sold 24177 contracts of Index Future (Entered fresh shorts in 24278 contracts and 101 Longs) worth 682 cores with net Open Interest increasing by 24379 contracts. So as per data analysis, FII’s have entered fresh shorts in NF and BNF before Trading Holiday. How to deal… Read More »
SBI SBI is seeing a range contraction on daily charts and weekly charts have been falling from past 12 weeks. SBI is showing range contraction on weekly chart and explosive move is round the corner. Positional traders should go long above 1686 for Tgt of 1741,1830. Positional shorts should be entered below 1597 for… Read More »
RBI maintained “Status Quo” in the RBI policy, Weekly Trend Deciding level of 10105 achieved the second target on downside Cool 355 Points pocked by positional traders during the week :). Lets see how Bank Nifty Technical are shaping out and are we seeing a relief rally chances? Bank Nifty Hourly Bank Nifty on hourly… Read More »
Raghuram Rajan is appointed as the Reserve Bank of India Governor for a three year term, successor to Dr. Subbarao whose term ends on September 4th. Mr. Rajan expected to balance out Central Bank and Government objectives amidst tricky fundamentals Mr. Rajan recent statements and views: . The RBI and Government are on the same… Read More »
15 years ago as middle aged traders on Dalal Street, we saw the emergence of stalwarts like Dr RH Patil and some techies like Jignesh Shah of Financial Technologies. People used to talk in whispers how the Rs 40 stock of FT would make billionaires many times over for Indian investors. The reason was simple,… Read More »
RBI maintained “Status Quo” in the RBI policy, Weekly Trend Deciding level of 10336 achieved the third target on downside Cool 377 Points pocked by positional traders in matter 3 days as trade was over on Wednesday :). Bank Nifty Technical are shaping out and are we seeing a relief rally chances? The stock market… Read More »
Shares in Financial Technologies (FT) plunged over 50 per cent, while Multi Commodity Exchange (MCX) shares fell as much as 20 per cent on Thursday. FT is the parent company of MCX. Both these stocks traded at an all-time low. (Track stocks) The sharp fall in Financial Tech and MCX followed the National Spot Exchange’s… Read More »