Reliance Industries Q2 Results Highlight After staying out for three consecutive quarters RILBSE 0.53 % once again crossed the $1 billion net profit per quarter mark in the September 2012 quarter. The net profit of Rs 5,376 crore was more or less in line with the street expectations, but a large support from other income… Read More »
In any particular trade you never really know how far prices will travel from any given point. If you never really know where the market may stop, it is very easy to believe there are no limits to how much you can make on any given trade. From a psychological perspective this characteristic will allow… Read More »
Nifty Hourly Chart Nifty Hourly chart took resistance at 50 Hourly SMA at 5700, Till 5700 is not crossed on hourly basis nifty will be under selling pressure. Nifty Gaps Gaps formation in Nifty Daily chart pattern, 7 gaps in the range of 5077-5600. Do note the GAP formed from 5435-5526 was Breakaway Gap 5043-5077… Read More »
The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor.” Bharti Airtel Bharti is on the verge of breaking the symmetrical triangle Its a 40 point… Read More »
In a narrow market, when prices are not getting anywhere to speak of but move within a narrow range, there is no sense in trying to anticipate what the next big movement is going to be up or down. The thing is to do is to watch the market, read the tape to determine the… Read More »
Everything was going right in favor of Bulls Government doing big bang reforms, FII whose bags are flusehed with liquidity by ECB and Fed are bullish on india and Buying heavily and Nifty trading at 18 months high. But it took a single trade to give a blow to sentiment, Friday 05 Oct 2012 will… Read More »
Afraid of “pulling the trigger” – This usually means that the trader does not have a system or approach already in place. They have not calculated risk/reward and many times, these trades are unplanned. This also comes after a string of losses. They don’t want to be “wrong again”. There is no trust from within and… Read More »
New Delhi: Determined to prove the economy is in turn-around mode, the Cabinet has cleared a new installment of big-bang reforms. The plan is to allow more Foreign Direct Investment or FDI in the pension and insurance sectors. What the cabinet approved: Raising the cap on FDI in insurance from 26% to 49%, and… Read More »
Almost everyone says that discipline is a requirement to succeed in trading. But most people never talk about what really underlies that type of discipline. The answer……true self-confidence. The market can stay irrational longer than you can stay solvent and the market’s goal is to extract the most money from the largest group of people.… Read More »
1. FII bought 12351 Contracts of NF worth 400.48 cores OI also increased by 71207. Expiry is tommrow with 51 F&O Stocks moving out so trade these stocks very cautiously. Click this link to know which 51 stocks . Tomorrow session should be volatile specially in 51 stocks so either stay out of market or… Read More »