FIIs sold 36087 Contracts of Index Future ,worth 1076 cores with net Open Interest decreasing by 26089 contracts, FII kept booking profit in Longs they rollovered. Trading Success Mantra from John Murphy As discussed in Weekly Analysis, Nifty is approaching near the crucial support of 5930 which is 38.3% Fibo Support and Trend line crossover… Read More »
Last Week we gave Bank Nifty Trend Deciding level as 12922 ,stopped out on upside and achieved 2 downside targets. RBI governor has given hint Inflation is still high, cutting hope of rate cut putting pressure on Bank Nifty further. So lets discuss how to trade Bank Nifty in coming week as its an expiry… Read More »
The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation, has released the provisional estimates of national income for the financial year 2012-13 and the quarterly estimates of Gross Domestic Product (GDP) for the fourth quarter (January-March) of 2012-13, both at constant (2004-05) and current prices. 2. The CSO has also released the corresponding… Read More »
FIIs bought 37842 Contracts of Index Future ,worth 1168 cores with net Open Interest increasing by 47254 contracts, FII made fresh longs in market.Are you ready for Trading? As expected Nifty closed above 6100, Tomorrow we have Q4 GDP data coming Exp 4.8%, Prior 4.5% and we have monthly closing also, Bulls will try to… Read More »
Interesting Observation From Historical Stock Market Moves What happened in Japan last week (a 14% decline after a 85% rally since last fall) is an example of markets getting ahead of the facts on the ground. But what happens next? After a 70% run-up over 6 months, how have stocks performed? The… Read More »
Last Week we gave Bank Nifty Trend Deciding level as 13355 ,stopped out on upside and achieved all downside targets. Bank Nifty has made a fresh lifetime high of 13414 but was not sustainable on upside and gave way for profit booking as soon it start trading below our trend changer levels. So lets discuss… Read More »
DLF DLF has broken below its trading range of with a bearish engulfing pattern,and is now very near to its trendline crosover zone, break below 210 stock is heading sub 200 levels. Buy above 215.5 Tgt 218, 221.2 and 224 SL 211 Sell below 210 Tgt 207, 204 and 200 SL 212 Bajaj Auto Baja… Read More »
Nikkie Japenese Stock market Plunge Over 1500 Points in 1 day from its highs and down 1150 (over 7%) from yesterday’s close- Biggest Drop In 26 Months All the time it is just the quadrillion JPY second-largest bond market in the world that is experiencing volatility on an unprecedented scale, the BoJ and her partners… Read More »
Down Jones closed at record High of 15387 but peculiar thing is its 19 Tuesday in a row Dow has closed positive. Since Feb Dow has gained 10% and most of gains came in Tuesday. If we remove Tuesday’s performance Dow Jones will be up just .5% 🙂 As a gentle reminder, since February 1st,… Read More »
As discussed in US Dollar at 3-Year High, Whats next With the strong USD Silver and gold will be under pressure.Silver brokes its 2013 low today morning and Gold is heading towards its 2013 low of 1321, Currently trading at 1346$. Lets discuss the weekly price forecast of gold, silver and crude. Gold Weekly Chart… Read More »