Rule 1 – If you cannot see trends and patterns almost instantly when you look at a chart then they are not there. The longer you stare, the more your brain will try to apply order where there is none. If you have to justify exceptions, stray data points and conflicting evidence then it is safe… Read More »
FIIs sold 29492 Index Future worth 858 cores with net Open Interest decreasing by 21814 contracts.FII’s went for fresh shorting in Nifty Futures and in Bank Nifty futures. The Huge Secret for Successful trading Nifty closed below its 200 DMA yesterday and today we saw the follow up down move, after RBI Policy came as… Read More »
FIIs bought 1071 Index Future worth 23 cores with net Open Interest decreasing by 4199 contracts.FII’s went for short covering in Nifty Futures and in Bank Nifty futures. FII’s are going neutral for RBI event. Secret for Successful trading Nifty closed below its 200 DMA, before the crucial RBI Policy. Nifty opened with a… Read More »
Trading requires, the right mindset for success. You must be confident in your decisions because they are based on cause and effect, not on emotions or opinion. Negative people who are unsure of themselves are not successful in any field. You need faith in yourself and your methods to be able to persevere and not… Read More »
RBI Governor shocked the market participants on 24 July evening with increase in Interest rate to stabilize the rupee, Weekly Trend Deciding level of 10946 achieved the first target on upside and than collapsed to achieved all weekly target on downside. Cool 600 Points pocked by positional traders in matter of week :). Lets see… Read More »
Thought Provoking article India further eased rules on foreign direct investment in a range of industries in an attempt to boost the economy which grew at its slowest pace in a decade during the 2012-13 financial year. Economic analyst Paranjoy Guha Thakurta explains what ails Asia’s third-largest economy. For Prime Minister Manmohan Singh, the irony… Read More »
ICICI Bank ICICI has broken its medium term trendline on Weekly charts, which is a bearish indication. Positional traders should look for close below 953, which gives short term target of 932 and 898. Buy above 968 Tgt 978,987 and 1001 SL 960 Sell below 953 Tgt 946,935 and 924 SL 960 Asian Paints Asian… Read More »
RBI Governor shocked the market participants on Monday evening with increase in Interest rate to stabilize the rupee. Weekly Trend Deciding level of 11792 High made was 11812 and than collapsed to achieved all weekly target. Cool 600 Points pocked by positional traders in matter of 2 days :). Lets see How Bank Nifty Technical… Read More »
FIIs bought 16653 Index Future worth 511 cores with net Open Interest increasing by 14397 contracts.FII’s went long in Nifty Futures and Still maintaing shorts in Bank Nifty futures. Many traders are facing dilemma of long in Nifty and Short in bank Nifty, As a trader we need to trade as per system and go… Read More »
Here’s what RBI has done. 1) The RBI has increased banks’ cost of borrowing short term money through the Marginal Standing Facility (MSF) rate and Bank Rate each by 200 basis points ( 2 per cent) to 10.25 per cent. The measure will make it unattractive for banks to borrow rupee (at cheap rates) and… Read More »