Last week we gave Trend Deciding level as 5898 Nifty Nifty achieved all 3 target on on downside :).The stock market remains closed on Friday, 9 August 2013, on account of Ramzan Id. Nifty Hourly Chart Nifty Hourly charts trading in perfect down trending channel,Break of channel comes above 5761 on closing basis. Nifty Gaps… Read More »
FIIs sold 5261 contracts of Index Future (22560 Contracts were sold and 17299 fresh shorts were entered into system) worth 1132 cores with net Open Interest decreasing by 5261 contracts. So as per data analysis, FII are exiting longs and entering fresh shorts in market. Golden Rules for Traders trading based on Chart/ Chart Pattern… Read More »
Sensex after closing at 2.5 Year declined 600 point from high as market participant sold shares after the RBI took additional steps to tighten liquidity to shore up the rupee. Rupee was the only gainer from last week closing at 5 week high.RBI policy on 30 June and Monthly closing at 31 will add more… Read More »
It was another Topsy turfy show by the market last week. RBI surprise with increase in interest rate 130 points gap down and slow and steady recovery in later half of week .The benchmarks held on to higher levels and moved in a tight range even as the swirl of negatives led by weak rupee… Read More »
FIIs sold 9277 Index Future worth 264 cores with net Open Interest decreasing by 5265 contracts.FII booked profit in Longs of Nifty and Bank Nifty futures, No shorts were taken.Notable Quotes from Market Wizards Nifty Opened Gap down of 100 points after RBI decision in hiking interest rates to save rupee. Nifty downfall gave us… Read More »
Nifty was in sideways zone in better half of the week and Fed minutes released on Wednesday night changed the course of world market and Indian market also celebrated with a huge gap up of 100 points on Thursday. Friday turned out to be quite an eventful one for the market. Infosys managed to prop… Read More »
FIIs sold 15516 Index Future worth 447 cores with net Open Interest decreasing by 19786 contracts.FII booked profit in longs Index Futures. Nifty opened with gap down continued with its downfall, got support from demand area of 5776,also lower end of our initial range and bounced back. 5750 needs to be watched closely any break… Read More »
Last week we gave Trend Deciding level as 5869 Nifty Nifty achieved 1 target on downside and another one on upside.We discussed the probability of Nifty trading in sideways zone, forming a range before breaking out or breaking down in particular direction. Lets analyze how to trade Nifty in coming week. Nifty Hourly Chart Nifty… Read More »
FIIs bought 660 Index Future worth 18 cores with net Open Interest decreasing by 2648 contracts.FII booked profit in Index Futures. Nifty opened with gap up filled the gap in morning and continued with its rally but was unable to breach and close above 5860. 5750 needs to be watched closely any break below it… Read More »
Last week we gave Trend Deciding level as 5720 Nifty achieved 3 weekly targets on upside made exact high at 3 weekly target of 5852 🙂 and 2 target achieved on downside.Hope traders are able to mint money on both sides. This is what i have said last week analysis Its has been observed for… Read More »