Jubilant Food Positional/Swing Traders can use the below mentioned levels Close above 1175 Tgt 1220/1300 Intraday Traders can use the below mentioned levels Buy above 1164 Tgt 1176 ,1200 and 1220 SL 1156 Sell below 1140 Tgt 1127 ,1106 and 1075 SL 1150 Yes Bank Positional/Swing Traders can use the below mentioned levels Close… Read More »
Bank Nifty got sold off again from gann trendline breaking the previous swing low of 15762 by making a new low of 15700 near the . Generally break of swing low and closing near it can see up move in Bank nifty in near time till 15700 is held. Bullish only on close above 16150. Understanding… Read More »
Last Week we gave Chopad Levels of 7979 , Nifty opened gap down below chopad levels and made low of 7556 near the previous swing low of 7551, Shorts Intitated on Monday were rewarded with all three target done by Tuesday.Lets analyses how to trade nifty next week Traders should work on New Year resolutions… Read More »
In Our Last Analysis on 20 Dec we gave Chopad Levels of 7717 , Nifty opened gap up and made low of 7733 near our Chopad level of 7717, Long Intitated on Monday were rewarded with all three target done by Friday , Our last target was 7890 and Nifty made a high of 7889… Read More »
FII’s sold 1.3 K contract of Index Future worth 74 cores ,2.1 K Long contract were added by FII’s and 3.4 K short contracts were added by FII’s. Net Open Interest increased by 5.6 K contract, so Friday rise in market was used by FII’s to enter long and enter shorts in Index futures.New Year Resolutions… Read More »
Wishing Dear Readers a very very happy and prosperous and profitable new Year. Regular Post will start publishing from Saturday. Traders’ Resolutions for New Year-2016 2015 year started with a Bang with Nifty clocking a gain of 6.35% in Jan Month but as per Gann Yearly cycle we made a High of 9119 04-March-2015 which… Read More »
Rule: #22 Pyramiding Pyramiding can be extremely profitable. You should buy 50% of your position on the cycle low or known bottom according to your time and price cycle work. Keep your stop below this low. Then at the wave two bottom you should add 25% of your position. Yes, you need to know Elliott… Read More »
Rule #15: Stops Based on Percent All the stops you use should be based on percent of the price of the current market. Check back and you will find that a certain percentage stop works on the market most of the time and it is based on the current price of the market. Usually a… Read More »
Rule #8: Double Tops Double tops offer you the best method of selling a market. What is happening is that a time and price high is being challenged. In most cases, the upward timing of the market has run out and it is in a downtrend. You should use the first rally to test the… Read More »
Rule #1 : Strive for Success To be successful the most important rule is to strive for success. This means you must exert effort and put a lot of hard work into your effort. You must have both the short term and long term charts necessary for trading the markets you trade. They must be… Read More »