Jubilant Food Jubilant came up with a bad set of numbers, stock took a beating in last 1 hour. Stock closed below important support of 1020which stock has held from past 1 year. Break of 1020 on weekly basis will spell trouble for bulls. Buy above 1030 Tgt 1045,1055 and 1073 SL 1018 Sell below… Read More »
Interesting Article Complied from Web If media reports are to be believed, billionaire investor George Soros has raked in more than $18 million from a single $1 billion punt on the Australian dollar ahead of Tuesday’s Reserve Bank of Australia rate cut. “Best of all, it appears the 82-year-old American pulled off the deal three… Read More »
US Stock market are life time High and but on economic indicators are warning USA is heading for another recession. So why do U.S. stocks continue to skyrocket? As per History Stock market in intial stage ignore the reality and keep pushing yp with so much liquidity around pumped by Fed and ECB. Unfortunately, as… Read More »
FIIs sold 569 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 13 cores with net Open Interest increasing by 6211 contracts.FII’s have booking profit in longs and shorting Index on conservative basis. FII average trading price comes at 4433 suggesting all they have done in intraday trading on RBI day. The… Read More »
Bank Nifty Hourly Bank Nifty has been facing resistance at 50 Hourly SMA @12585.Holding 12361 upmove till 12585 can be seen. Bank Nifty Daily Bank Nifty has broken the up trending channel and took support at upper gap area of 12363, Holding 12363 one more attempt to cross and close above 1283 will be made… Read More »
Reliance Infra Rel Infra has been rising steadily from 315 levels and is near an important resistance of 395, unable to cross 50 SMA can see pullback in stock.Last time it touch 50 SMA @524 and corrected till 315. So tomorrow is an important day of trading. Buy above 398 Tgt 405,412 and 420 SL… Read More »
IDFC IDFC is having strong resistance at its 100DMA and strong support at its 200 DMA IDFC broke 200 DMA on closing basis on Tuesday follow up move should come today. Buy above 154 Tgt 156,157.8 and 159 SL 153 Sell below 152.5 Tgt 150,148 and 145 SL 153 Tata Motors Tata Motors is approaching… Read More »
Bank Nifty will be on Radar as 3 may we have our RBI policy. We have 3 great triggers. First is fall in inflation. Second is fall in commodities prices and third a positive MOM IIP data. Market has definitely factored in 25 Bps rate cut and so if we have a 25 bps cut… Read More »
Commodities are back on radar with gold, silver, and oil prices rising between 2.5-5% biggest jump in 5 months period.Lets analyses how trader can trade Gold,Silver and Crude today. Gold Daily Chart As per daily charts gold is nearing its 20 DMA@1486 , High made in morning session is 1485. Intraday players can use the below… Read More »
Gold 4 Hour Chart As per 4 Hour charts gold took support at 50% retracement at 1325 and bounced back. Gold is unable to cross the 34 Hour EMA@1424 and has pulled back again. Till 1427 is not broken gold will remain as Sell on rise structure.Intraday players can use the below mentioned levels. Buy… Read More »