GOLD wrapped up its best week since May on Friday as investors bought it to hedge against rising inflation figures, the latest being the more than 30-year record spike in consumer prices. It has climbed 7.5% since its recent bottom in September and is now within 2% of breaking even on a year-to-date basis. Moon… Read More »
The dollar climbed to a 16-month high earlier Friday, and headed for a weekly gain of around 1%, following the latest inflation release showing consumer prices rising at the fastest annual pace since 1990, increasing the pressure on the Federal Reserve to hike interest rates earlier than expected. Organization of the Petroleum Exporting Countries and its… Read More »
USDINR is going to close the week almost flat after the pair recovered from an IPO flow-related drop below 74 handle on November futures. US Dollar index is trading at a fresh 16 Months high, Asian currencies are strengthening against the US Dollar. USDINR is caught between the two kinds of forces. Most of the… Read More »
FII bought 23.5 K contract of Index Future worth 2103 cores, Net OI has increased by 5.2 K contract 14.3 K Long contract were added by FII and 9 K Shorts were covered by FII. Net FII Long Short ratio at 1.33 so FII used RISE to ENTER longs and EXIT shorts. NIfty has again… Read More »
Bank Nifty has corrected 3483 points in 15 trading sessions and formed an INSIDE bar pattern on Friday, On Monday we are forming SUN Square Jupiter Aspect. Jupiter is Ruling Plannet of Bank Nifty so again we will see Big move in Bank Nifty. Bears need to break 38636 for a move towards 38512/38319/38171. Bulls… Read More »
Most of traders develop trading systems based on patterns we see in price action or in momentum or other indicators. But, what if we took “time” into account as well? When ever we talk of TIME, one person which come to our Mind is legendary W D Gann. But there are many other famous traders… Read More »
As we have seen Decent Correction in MID-Cap stocks last week and few of Quality MID Cap Stocks are back in buying range based on 52 Week High Stratergy. The 52-week high/low levels, wherein the stock or index crosses one-year high/low, are considered vital indicators in markets as breaching these levels are seen as a… Read More »
As we have seen Decent Correction in Small Cap stocks last week and few of Quality Small Cap Stocks are back in buying range based on 52 Week High Stratergy. The 52-week high/low levels, wherein the stock or index crosses one-year high/low, are considered vital indicators in markets as breaching these levels are seen as… Read More »
by Sanjay Mehra There is a cobbler who sits across the street in front of my office building. Every day, I see that there is a stray dog who comes and sits with him as soon as he arrives at the place, and he feeds him biscuits and some times milk. The man goes about… Read More »
Biggest misconception of Retail Trader I found during my trading session I am a trader so I should trade. Well, this is the biggest mistake a trader can make. The trader’s job is not to trade but trade right based on trading strategies he has mastered on during the course of time. Trading is a… Read More »