Sensex is 300 points from its all time high and Nifty trading at 3 year high, Lets analyze how to trade Nifty in coming week. Nifty Daily Chart Nifty Daily chart is forming a rising wedge formation, Pattern gets invalidated on close above 6207. Any close above 6229 will take nifty to next supply zone… Read More »
Last week we gave Trend Deciding level as 5946 Nifty Nifty achieved 2 weekly target on upside and 1 weekly target on downside so traders were able to capture both upside and downside move :). IIP data was a big shocker August #IIP growth at 0.6% vs 2.6% in July and No Deal on US Debt… Read More »
Last week we gave Trend Deciding level as 5785 Nifty Nifty achieved 2 weekly target on upside and 1 weekly target on downside so traders were able to capture both upside and downside move :). September 2013 corporate earnings will start with Infosys reports Q2 results on Friday, 11 October 2013. IIP data will also… Read More »
FIIs sold 12233 contracts of Index Future (sold 13969 long contract and 1736 shorts were added ) worth 353 cores with net Open Interest decreasing by 15705 contracts.FII’s have shorted Index Futures again but in small quantity and also keep booking profit in long contract.Stocks Market will remain close tomorrow on account on Gandhi Jayanthi Nifty is… Read More »
FIIs sold 31289 contracts of Index Future (sold 25217 long contract and 6072 shorts were added ) worth 864 cores with net Open Interest decreasing by 19145 contracts.FII’s have shorted Index Futures again but in small quantity.CAD for Q1 widens to $21.8 billion, stands at 4.9% of GDP but numbers are better than market expectation. Nifty ended… Read More »
FIIs bought 50350 contracts of Index Future (sold 1.2 Lakh long contract and 1.04 Lakh shorts were squared off ) worth 1497 cores with net Open Interest decreasing by 2.2 lakh contracts.Nothing much to read in these numbers. Nifty continued to move in the trading range and finally expired above 200 DMA, Yesterday Nifty formed an hammer… Read More »
September Series is coming to an end, It has been an eventful series with Nifty making a low of 5303 and High of 6142 a move of 839 points, Stock market moved from the zone of extreme pessimism to over exuberance. Well thats the beauty of Stock market. The last 10 days has been quiet… Read More »
Last week we gave Trend Deciding level as 5806 Nifty Nifty achieved all Weekly target on upside with a gain of 271 points. September series has been quiet interesting with Nifty gaining 824 points or 10% in just 12 trading sessions. Both Fed and RBI surprised the market leading to volatility in stock market. Next… Read More »
Last week we gave Trend Deciding level as 5686 Nifty Nifty opened with big gap up and traders were unable to enter longs 🙁 .The government unveils data of inflation based on the wholesale price index (WPI) for August 2013 on Monday, 16 September 2013. WPI inflation is seen accelerating to 5.9% in August 2013… Read More »
FIIs bought 101860 contracts(Highest ever in single day) of Index Future (Bought 87098 long contract and 14762 shorts were liquidated) worth 2957 cores with net Open Interest increasing by 72336 contracts.The spectacular rally we saw today many reasons can be given the most important reason was FII have covered there most of shorts on Friday session as… Read More »