Larsen and Tubro LT will be coming today with its results Stock is at its breakout or breakdown level. Buy above 1144 Tgt 1161,1184 and 1209 Sell below 1119 Tgt 1100,1076 and 1060 Hindalco Industries Hindalco Industries is near its short term bottom of 111. Sell below 111 Tgt 109.7,106.7 and 105 Bombay Dyeing… Read More »
Bank Nifty Bank Nifty has broken its 200 DMA and closed below it.Only saving Grace for Bulls is downward slopping trendline at 9480 has not been breached. Any fall below 9480 open gates to levels 9300 and 9000 in current week. Sell below 9480 Tgt 9435,9282 and 9038 Buy above 9679 Tgt 9730,9833 and 9924… Read More »
Bata India Yesterday talked about it on Facebook to Short with a Sl of 839. Bata did trigger our SL and rallied with market making a high of 868.In the process Bata has formed bearish divergence in most of indicator.Price should break below 845 for these divergence to show effect. Sell below 852 Tgt 845,835… Read More »
TCS TCS has moved by almost 15% after results but unable to cross the laxman rekha of 1205. As seen from above chart supply exists at higher levels and also TCS looks quiet expensive on fundamental basis. Gap also exists from 1064-1135 which will get filled eventually Sell below 1187 Tgt 1176,1164 and 1150 Buy… Read More »
Having confidence in a trade is easy. You do not know what is going to happen, blinded by opportunity. Every trade is new. Easy to convince yourself that this time it will be a winner. This takes no effort other than convincing yourself. This is what is described in first circle. You can look at… Read More »
Ambuja Cement Multiple support near 156 and cluster of resistance in range of 168-170 zone Buy above 171 Tgt 174,176 and 178.8 Sell below 165.6 Tgt 163.8,160.3 and 158 Reliance Symmetrical Triangle Formation i RIL before its Result. Trading above 20 SMA is bullish for the stock. Buy above 757 Tgt 763,770 and… Read More »
Below is my Interpretation of FII OI data Sheet for 19-Apr-12. 1. FII bought 22667 Contracts of NF worth 589.47 cores OI also increased by 20869. 2. As Nifty Futures was up by 3 points and OI has increased by 20869, ie.Rise in Price with Rise in Open Interest,Fresh longs were added by FII. 3.… Read More »
Traders come to the markets with great expectations, but few make profits and most wash out. A successful trader must hop over several high hurdles—and keep hopping. Being better than average is not good enough—you have to be head and shoulders above the crowd. You can win only if you have both knowledge and discipline.… Read More »
In any particular trade you never really know how far prices will travel from any given point. If you never really know where the market may stop, it is very easy to believe there are no limits to how much you can make on any given trade. From a psychological perspective this characteristic will allow… Read More »
Trading will stress your feelings. To survive and succeed, you will need to develop a sound trading psychology. Trading will challenge your mind. To gain an edge in the markets,you will need to master good analytic methods. Trading will demand good mathematical skills. A math illiterate who can’t manage risks is guaranteed to bust out.… Read More »