April Series came to an end and Stock Calls given on site have made profit of 1.28 Lakhs. For the reference of readers the performance sheet for the Month of April/March Expiry has been updated, can be accessed from http://tradingsystemperformance.blogspot.in/. HDFC HDFC has seen a fast rise today during last 30 mins of trade, Stock… Read More »
HDIL HDIL after forming base formation gave a rise today backed by volumes, Stock took resistance at its 50 DMA and pulled back.Able to cross 59.5 tomorrow can see the pullback rally to continue else will fall back to 50 odd levels. Buy above 56.3 Tgt 57.6,59 and 60.2 SL 55.2 Sell below 55 Tgt… Read More »
HUL HUL is trading near a crucial resistance of 100 DMA, which stock is unable to cross from past 3.5 months, Unable to cross this time pullback can be seen in extremely short term. Buy above 491 Tgt 493,496 and 505 SL 486 Sell below 482 Tgt 480,477 and 474 SL 484 Asian Paints… Read More »
IDFC IDFC has been trading in small range of 140-156 from past 10 trading sessions, Stock has reached the upper end of trading range and pullback should be expected. Sell below 152.5 Tgt 151.1,149.4 and 146 SL 154 Buy above 156 Tgt 157.4,158.8 and 160 SL 154 Tata Motors Tata Motors bounced from the lower… Read More »
FIIs bought 14142Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 407 cores with net Open Interest decreasing by 8148 contracts. FII continued with short covering today, but still no sign of fresh longs.Accepting Loss in trading Nifty After rallying for three consecutive trading sessions, the Nifty took a breather on Wednesday… Read More »
Why the gold price has suddenly dropped so quickly? There are many opinions, ranging from conspiracy to cyclical or chart-based technical reasons. I have no idea. And I know no one who really knows. Although many people believe, to know the reason, but that’s not the same. Do you have at least a guess? We… Read More »
Relaince RIL will be declaring its results today post market hours. Stock made high of 955 when last quarter results were declared and kept falling down from that day till 760. Stock is stuck in its trading range of 805-765. Trader should short at higher end and long at lower end with strict sl. Buy… Read More »
SBI SBI has taken resistance at falling trendline and was unable to cross the supply zone of 2094-2097. Buy above 2097 Tgt 2112,2130 and 2143 SL 2081 Sell below 2065 Tgt 2050,2035 and 2020 SL 2081 Reliance RIL is coming with its results tomorrow evening,Stock again bounce back from its demand zone of 765-760… Read More »
Last Week we discussed Technical Indicator – Stochastics An Introduction Lets discuss today how to Trade using Stochastic The Stochastic Oscillator can be used to generate Buy and Sell Signals as follows 1. Extreme Values (Overbought Oversold) 2. Stochastic Crossovers 3. Stochastic Divergences Extreme Values (Overbought Oversold) The stochastic oscillator is plotted within a… Read More »
Infosys Infosys will be declaring its results tommrow. Stock has broken its 2 months trading range of 170 points. Unable to move and close above 2856 will keep stock under pressure. Buy above 2837 Tgt 2856,2873 and 2888 SL 2827 Sell below 2803 Tgt 2785,2767 and 2745 SL 2815 Tata Steel Tata Steel is forming… Read More »