Price Movement The price of MCX Crude closed at 5675 on June 23, 2023, down 3.4 % from the previous week’s close of 5877 . The week was marked by volatility, with the price ranging from a high of 5975 to a low of 5546. Key Drivers The main drivers of the price movement in… Read More »
USDINR to trade within the range of 81.80/85 and 82.05/08 on the spot. Incase it breaks 81.80 with volume, then we may even see the test of the critical support zone near 81.60/65 levels on spot. Scalping remains the preferred strategy, and despite the historically low implied volatilities and options premiums. USD INR Gann Angle… Read More »
The Gann 144-bar strategy is a technical analysis approach used in trading based on the work of W.D. Gann, a renowned trader and analyst. This strategy involves observing price movements and patterns over a specific time frame consisting of 144 bars. Here are the basic steps to implement the Gann 144-bar strategy: Select a financial… Read More »
Foreign Institutional Investors (FIIs) displayed a Bullish approach in the Bank Nifty Index Futures market by Buying 5510 contracts worth 529 crores, resulting in a increase of 5284 contracts in the Net Open Interest. As Discussed in Last Analysis Bank NIfty had a wild day today with both BUlls and Bears got stopped out as… Read More »
Foreign Institutional Investors (FIIs) displayed a Bearish approach in the Nifty Index Futures market by Shorting 8373 contracts worth 783 crores, resulting in a decrease of 8021 contracts in the Net Open Interest. FIIs sold 2799 long contracts and covered 21 short contracts , indicating a preference for covering LONG and covering SHORT positions .With… Read More »
“One day, the sage gave the disciple an empty sack and a basket of potatoes. ‘Think of all the people who have done or said something against you in the recent past, especially those you cannot forgive. For each of them, inscribe the name on a potato and put it in the sack.’ “The disciple… Read More »
When I have a string of losses I pause and reflect and ponder if it is me trading badly or just the market environment not being conducive to my trading method. Here are 10 questions we will do well to ask ourselves at times when we seem to be out of synch with the market.… Read More »
AU BANK Positional Traders can use the below mentioned levels Close below 735 Target 714 Intraday Traders can use the below mentioned levels Buy above 745 Tgt 752, 759 and 766 SL 739 Sell below 735 Tgt 728 , 721 and 714 SL 740 DIXON Positional Traders can use the below mentioned levels Close below… Read More »
Foreign Institutional Investors (FIIs) displayed a Bullish approach in the Bank Nifty Index Futures market by Buying4756 contracts worth 471 crores, resulting in a decrease of 2004 contracts in the Net Open Interest. As Discussed in Last Analysis Today is the Summer Solstice. Watch the first 15 minutes for the high and low prices to… Read More »
Foreign Institutional Investors (FIIs) displayed a Bearish approach in the Nifty Index Futures market by Shorting 1581 contracts worth 147 crores, resulting in a increase of 11073 contracts in the Net Open Interest. FIIs bought 6122 long contracts and added 2934 short contracts , indicating a preference for adding LONG and adding SHORT positions .With… Read More »