When a position is getting ready to stop you out at a loss, do you find yourself bargaining with the name? Do you find your frustration level rising? Do you justify the reason for the move against you, and give it a little more room, only to get stopped out at a bigger loss? Or… Read More »
The RBI has thrown everything in its arsenal at stubborn inflation. But prices refuse to budge. The latest food inflation number, based on the wholesale price index, came in 10.6% higher from a year earlier. All eyes are now on the central bank, who meets 25 Oct to decide its latest monetary policy stance. Is… Read More »
One sector’s gain is indeed a loss for another. While the IT sector has been given a new lease of life following the sharp depreciation of the rupee in the last month or so, the same is proving to be the proverbial Achilles’ heel for state run oil marketing companies. This is because the weakening… Read More »
Today is crucial day for Nifty because we have 2 Important events lined up 1. Infosys Q2 Results to come at 9 AM 2. IIP data coming at 12 PM. So lets see How Nifty Technically poised before this 2 major events.. Nifty Hourly On Hourly chart Nifty is trading in a channel. Yesterday the… Read More »
This Week will be remembered as Week of downgrades It started with Moody’s downgrading PSU Behemoth SBI Bank after it has corrected 35% from its High and 12 UK Banks. Fitch Downgrades Spain To Aa- From Aa+, Two Notch Cut, Outlook Negative Fitch Downgrades Italy To A+, Outlook Negative Moody’s Puts Belgium Aa1 Rating Under… Read More »
Human emotion is both the source of opportunity in trading and the greatest challenge. Master it and you will succeed. Ignore it at your peril. Nifty Hourly Lets start from Hourly charts One Big Red Candle did the Whole Damage.. From Morning Nifty kept on trading between 4830-4875. Than came the free fall which led… Read More »
Most Important qualification of successful Trader is “SILENCE”. Keep your own silent counsel – keep your victories and your failures to yourself – learn from them both.You should not go on and keep on Boasting your victories and Sit on sidelines during a string of losses.Just take PL as it comes accept it and continue… Read More »
After the drubbing that Nifty received last week which was highly volatile where on Tuesday we are so close of breaking the 5169 level which is upper end of trading range but on Thursday we gave 4.5% in single session and eventually on Friday broke the lower end at 4900 and closed below it. Before… Read More »
Bank Nifty Magic of Trend lines:I have shared the same chart yesterday and see the action today. Bank Nifty low is at the trend line. Trendlines are the best way to trade the market if you can follow them with discipline. Break of 9489 tomorrow will lead to more correction in BN. Zone till 9260… Read More »
Bank Nifty Bank Nifty is running into its crucial resistance of 9972 ahead of crucial fed meeting. IF US FED announces QE 3 that will fuel inflation in Emerging market economy with rise in commodity prices. Printing money will never solve problems it is just a life supporting on death bed of US economy.… Read More »