Hindalco The share price of Hindalco has been in downtrend for more than 2 month.Hindalco made the high of Rs 137 and low of 94 ytesterday. Stock bounced back 4.5% today but with low volumes as compared to last few trading sessions showing rise was backed by short covering only. Share is trading in downward… Read More »
Highlights of Economic Survey 1. FIIs sold 25 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 1.4 cores with net Open Interest increasing by 38839 contracts.FII has done rollovers yesterday and will trade heavily in March segment tommrow. 2. General Budget of 2013-14 will be presented tommrow at 11 AM. Lot… Read More »
Bank Nifty will be in focus today as RBI will unveil its credit policy today at 11 AM, Market Participants , Government and Corporate India have long standing expectations of an interest rate cut to boost sagging growth. RBI said in its report on Macroeconomic and Monetary Developments issued yesterday “Given the preponderance of non-monetary… Read More »
December Expiry came and Bank Nifty still remained in trading range of 12600-12200. As discussed last week bank nifty was unable to close above the trendline resistance of 12540. Technically till 12540 is not crossed pullback till 12200 is very much on cards. This is what we discussed last week and Bank Nifty made high of… Read More »
RBI policy came but Bank Nifty still remained in trading range of 12600-12200. As discussed last week bank nifty was unable to close above the trendline resistance of 12540. Technically till 12540 is not crossed pullback till 12200 is very much on cards. This is what we discussed last week and Bank Nifty made high of… 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 »
RBI policy is on 18 Dec and decision on rate cut will be out. bank Nifty is on a crucial juncture of make or break level of 12450. As discussed last week bank nifty was unable to close above the trendline resistance of 12540. Technically till 12540 is not crossed pullback till 12200 is very… Read More »
Bank Nifty Bank Nifty has taken support at its 200 DMA and lower trendline at 9814. Sell below 9814 Tgt 9769,9710 and 9606 Buy above 9872 Tgt 9931,10000 and 100093 Bharti Airtel Bharti Airtel buy call was given yesterday and stock made a high of 259. Stock looks overbought on hourly charts and pullback… Read More »
One of the biggest problems new traders have is focusing on the wrong things. I did it, everyone does it. Being perfect is one of those things. Perfect is not a pre-requisite for making money. There is so much money to be made in between. . Perfection and satisfaction are almost never in the same… Read More »
Doing Nothing is market is also a Habit traders should develop. Remember this: When you are doing nothing, those speculators who feel they must trade day in and day out, are laying the foundation for your next venture. You will reap benefits from their mistakes.” Reliance Industries RIL made a pullback till 751 which was… Read More »