Monetary and Liquidity Measures On the basis of the current macroeconomic assessment, it has been decided to: keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.25 per cent of their net demand and time liabilities; and keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 8.0 per cent.… Read More »
Trading is one business that can give you highs and lows pretty quickly. It is in these highs and lows, traders make stupid mistakes like getting overcautious in lows and throwing all caution to winds in highs. A trader should never get carried away or bogged down by success and failure. Remember, trading is a… Read More »
RBI policy is on 18 Dec and decision on rate cut will be out. bank Nifty is on a crucial juncture of make or break level of 12450. As discussed last week bank nifty was unable to close above the trendline resistance of 12540. Technically till 12540 is not crossed pullback till 12200 is very… Read More »
A good way to start each trading day is by asking some questions: Where are the opportunities today? Are there any impending risks to my positions? Where might the opportunities or risks develop? Adani Enterprises Limited With Gujarat Election less than a Week away Adani is on a Roll as Narender Modi’s win will… Read More »
Readers have been requesting a through analysis for Bank nifty, So below is the technical analysis of Bank Nifty in all time frames so as to understand the future move and milking money out of the next move. Bank Nifty Daily Chart Bank Nifty crossed its long term trendline resistance of 12300 and closed above… Read More »
After such an stupendous rise consolidation will be the name of game for the coming week, This is what we discussed last week analysis and Nifty made minor gains of 27 points in last week trading. Industrial production on 12 Dec and wholesale price inflation numbers on 14 Dec would be seen with close eyes… Read More »
Bhenji Party’s and its 15 Rajya Sabha MPs will vote in favour of the government’s decision to allow Foreign Direct Investment in multi-brand retail and this lead to the sudden spurt in Nifty. 1. FIIs sold 3637 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 106.78 cores with net Open Interest… Read More »
Traders must be flexible about their opinions and change them when proven wrong but they must be rigid about their risk management and never risk more than planned. JSW Steel JSw Steel is near its trendline resistance 776, If stock is able to cross can see a breakout , Volumes should hold the key. Buy… Read More »
BHEL BHEL is near its 200 DMA and crossing over the same can above 240 can see a quick move till 245-250 Buy above 240 Tgt 243,247 and 248 Sell below 236 Tgt 234,232 and 229 GVK PIL GVK PIL bounced from 12-14 and is near its important resistance of 200 DMA @14.3. Any… Read More »
Indian Markets finally gave a 4.5% rally which we have discussed in last week analysis as per Moving Average Forecasting method. On Macro front Not much has changed with the continuing political impasse, GDP growth at three year low of 5.3 per cent for the September quarter and rupee on a downward spiral. But that’s… Read More »