In early Asian trading hours on Monday, when typically only tens of contracts of gold are traded, investors dumped more than $500 million worth of bullion in New York in four seconds, triggering the market’s biggest rout in years. The sell-off began when one or more massive sell orders hit the price of gold on… Read More »
FII’s sold 14.8 K contract of Index Future worth 294 cores ,3.6 K Long contract were added by FII’s and 18.5 K short contracts were added by FII’s. Net Open Interest increased by 22.1 K contract, so today’s rise was used by FII’s to enter both longs and shorts in index futures . Do and Don’ts… Read More »
Cairn Intraday Traders can use the below mentioned levels Buy above 196 Tgt 197.2,199.7 and 201.1 SL 194.7 Sell below 194.4 Tgt 193.3,191.9 and 189.4 SL 195.5 Tata Motors Intraday Traders can use the below mentioned levels Buy above 507.5 Tgt 511,514 and 518 SL 505.3 Sell below 503 Tgt 501,496.5,490 SL 505.3 … Read More »
Reliance Infra Traders should watch for 398 levels, Holding the same stock can bounceback to 411/432. Intraday traders use below mentioned levels Buy above 420 Tgt 427,437 and 448 SL 415 Sell below 414 Tgt 409,399 and 381 SL 419 Syndicate Bank Any close above 110 stock is heading to 115/123. Intraday traders use… Read More »
Many traders are asking How will market react to AAP win. If we have to take any cues from History in 2013 when BJP won the 3 state election and Hung Assembly in Delhi and formed short term top@ 6415 on 9 Dec 2013 and than corrected till 5933. Classic case of Buy Rumor Sell… Read More »
The S&P 500 closed lower by 1.64% on the day to 2026.14. Those who write headlines are blaming the fall on falling energy prices but there is another possibility for why we fell. After the double top (marked in blue above) in the S&P broke 2050, a pattern target of 2021 was triggered. Today’s low… Read More »
The last few weeks have been the strongest and most consistent rallies in US equity market history. US equity markets have traded above their 5-day moving average for 27 days – the longest such streak since March 1928 and all amid GDP downgrades, missed PMIs, and downward earnings outlook revisions. Given the holiday week, it… Read More »
Gann Trading strategies Importance of number 3 Majority of moves will generally occur in time period of three – days, weeks or months.Never trade in the direction of the trend on its third day. Tops, bottoms and consolidations * Tops usually take time to form. Spike tops are less common compared to spike bottoms. Tops… Read More »
To most of the technical analysts and financial traders, the name, William Delbert Gann, is well-known. Gann was one of the greatest traders in the early twenty centuries, who has extremely arcane trading analysis techniques and methods that based on ancient mathematics and geometry. Yet, as it was never unveiled explicitly, the theory of Gann… Read More »