1. FII sold 15023 Contracts of NF worth 347 cores,OI increased by 25979. 2. As Nifty Future was up by 15 points and OI has increased by 25979 contracts means FII have used the rise to add shorts into the system. 3. Nifty made a low of 4770 just short of our trigger of 4767… Read More »
S&P 500 S&P 500 has broken the 200 DMA on closing basis.Last time it broke the 200 DMA when USA was downgraded by Fitch and S&P had an 15% fall in matter of 2 weeks. Keep a Close eye FTSE 100 FTSE is near its Crucial support levels of 5260,Break of same on closing basis… Read More »
Every trader comes in thinking they will make money, in fact if they have never traded, they probably have convinced themselves fully. They spend time looking for all the answers in charts but it is in the process. It seems like easy money. It is not easy but it is probably the best way to… Read More »
DLF DLF is forming a Symmetrical triangle formation which gives breakdown below 181. Sell below 181 Tgt 178.6,175.7 and 172.8 Buy above 184 Tgt 187,189.3 and 191.8 JP Associate Channel in JP Associate,with support coming at trendline. Sell below 59.8 Tgt 58.7,57.7 and 55.25 Buy above 60.4 Tgt 61.5,62.2 and 62.9 Educomp Educomp Solution… Read More »
Bank Nifty Formed a Gravestone Doji pattern after 700 points upmove,Unable to cross 9783 will lead it back 200 DMA@9588,Break below 9518 will make it to hit low of 9200 Sell below 9669 Tgt 9630,9573 and 9518 Buy above 9822 Tgt 9860,9924 and 10001 Infosys Limited Trendline resistance at 2425,Break of same can lead the… Read More »
Reliance Industries Facing resistance at 20 SMA@703.Failure to cross the same can lead RIL to May lows of 682 Sell below 698 Tgt 694,687 and 683 Buy above 704 Tgt 706,709 and 716 LT LT is facing trendline resistance and break of 1210 will make it to move back to 1240,Failure to do the… Read More »
If you like basketball, you can think of each trade as but one point in a game, and each trading day as but one game in a series. If you like tennis, for goodness sake don’t think of each trade as match point. In other words, realize that your trading is truly a series of… Read More »
Bank Nifty Bank NIfty is facing trendline resistance at 9464 crossing above it Litmus test will come at 200 DMA@9612. So today being friday last 2 hours of trading is crucial in Bank Nifty. Sell below 9365 TGt 9295,9253,9157 and 9101 Buy above 9465 TGt 9534,9612 and 9700 Delta Corp Delta Corp facing moving… Read More »
SBIN SBIN is facing resistance at 1980,Break of 1980 can take it back to 2040.On downside break of 1920 will lead to unwinding of longs Sell below 1920 TGt 1896,1872 and 1844 Buy above 1980 Tgt 2003,2032 and 2069 TCS TCS has done nothing in may series and is one of the main reason… Read More »
Losses are tough. Errors and mistakes are bothersome. And, yet there’s almost always a lesson in there if you remain alert to improving. I’ve always said that mistakes are okay if you acknowledge them and learn from them. James Joyce said, “Mistakes are portals of discovery.” As I trade and make mistakes, I say to myself,… Read More »