1. FIIs bought 1807 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 56.49 cores with net Open Interest decreasing by 3017 contracts. 2. As CNX Nifty Future was down by 15 points with Open Interest in Index Futures decreasing by 3017, so FIIs have booked longs in Nifty and Bank… Read More »
1. FIIs sold 498 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 14.31 cores with net Open Interest increasing by 18570 contracts. 2. As CNX Nifty Future was up by 40 points with Open Interest in Index Futures increasing by 18570, so FIIs have created longs in Nifty and Bank… Read More »
We have RBI policy tomorrow and as a caution i would advise traders specially Intraday take traders after the policy is announced, Volatility is always on cards before RBI comes out with decision and many traders will get whipsawed in the volatility. Best is to avoid trade. 1. FIIs bought 2221 Contracts of Index Future… Read More »
Nifty and Sensex continued with there consolidation phase, positive takeaway from last week’s movement is that the Sensex is holding above 19,000 and the Nifty continues above 5,825 which gives bullish touch this phase of consolidation. Another positive which can be taken from the last week trading activity is full subscription of NMDC FPO with… Read More »
Fibonacci technique Fib retracements Fibonacci Ratios are drawn in above chart from 5548-5965 showing Fibonacci support and Fibonacci resistance. Close above 5965 is required for a breakout and support now exists at 5805 and 5756. Fibonacci fan As discussed earlier Fibonacci fan helps in finding potential tops and Bottom of market… Read More »
1. FIIs sold 4770 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 134.12 cores with net Open Interest increasing by 560 contracts. 2. As CNX Nifty Future was up by 38 points after 5 days of losing streak with Open Interest in Index Futures increasing by 560, so FIIs have booked… Read More »
Fibonacci technique Fib retracements Fibonacci Ratios are drawn in above chart from 4555-5633 showing Fibonacci support and Fibonacci resistance. 5945Fibonacci resistance on Weekly basis as discussed last week. Nifty made a High of 5949 fall back all way to 5839 before recovering till 5907. Still 5953 will be a tough resistance to cross. … Read More »
Managing the risk of ruin.Do not risk so much on any one trade that 10 losing trades in a row will destroy your account. risking 1% to 2% of your trading capital per trade is a great baseline for eliminating the risk of ruin.When you do intraday trades or positional trades keep an eagle eye… Read More »
FDI in multi brand retail was passed in Lok Sabha where 218 votes against the FDI, there were 253 votes in the favour of the government’s move. Politics being a dirty game again got proved where 2 major parties opposing FDI in multi brand BSP and SP abstained from voting. News was no surprise for… Read More »
1. FIIs sold 8967 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 251.05 cores with net Open Interest increasing by 4927 contracts. 2. As Nse Nifty Future was up by 2 points with Open Interest in Index Futures increasing by 4927, so FIIs booked profits in longs of Nifty and… Read More »