We can not control: Whip saws when the trend reverses on us. Gaps in opening prices both up and down. Headline risk. Natural disasters. Whether a trend continues or reverses the moment we open a position. Whether any individual trade wins or loses. How many winning or losing trades we have in a row. ZEE… Read More »
Below is my Interpretation of FII OI data Sheet for 21-Feb-12. 1. FII sold 2833 Contracts of NF worth 55.41 cores OI also increasing by 41487 contracts. The OI for FII is inclusive of all months, so it rules out rollover. 2. As Nifty Futures was up by 32 points and OI has… Read More »
Trading runs in cycles: some good; most bad. Trade large and aggressively when trading well; trade small and modestly when trading poorly. In “good times,” even errors are profitable; in “bad times” even the most well researched trades go awry. This is the nature of trading; accept it. To trade successfully, think like a fundamentalist;… Read More »
Today is the auspicious day of Lord Shiva Celebrate it with joy of heart and help people understand the values of Lord Shiva. Happy Maha Shivratri to all Site Readers The Glorious Bull run continues in Indian markets with Nifty completing 1000 points in matter of 40 trading sessions. So what all we lost… Read More »
Below is my Interpretation of FII OI data Sheet for 17-Feb-12. 1. FII bought 28412 Contracts of NF worth 800.41 cores OI also increasing by 7890 contracts. The OI for FII is inclusive of all months, so it rules out rollover. 2. As Nifty Futures was down by 51 points and OI has… Read More »
Below is my Interpretation of FII OI data Sheet for 16-Feb-12. 1. FII sold 11985 Contracts of NF worth 329.57 cores OI also increasing by 11051 contracts. 2. As Nifty Futures was down by 15 points and OI has increased by 11051 contracts means marginal shorts were added by FII on higher levels. 3. After… Read More »
Infosys Limited Infy is trading at its supply zone of 2891-94. Crossing above this level can take stock to sub 3000 levels Failing to cross will take back to 2700-800 range. Sell below 2887 Tgt 2864,2851 and 2827 Buy above 2895 Tgt 2911,2930 and 2947 Larsen Larsen and Tubro has retraced 138.2% of… Read More »
Below is my Interpretation of FII OI data Sheet for 15-Feb-12. 1. FII bought 27955 Contracts of NF worth 770.19 cores OI also increased by 37,339 contracts. 2. As Nifty Futures was up by 112 points and OI has increased by 37,339 contracts means longs were added by FII. 3. Today was day of Breakout… Read More »
Below is my Interpretation of FII OI data Sheet for 14-Feb-12. 1. FII bought 7095 Contracts of NF worth 190.93 cores OI also decreased by 5137 contracts. 2. As Nifty Futures was up by 20 points and OI has decreased by 5137 contracts means profit booking was done by FII. 3. What Nifty has… Read More »
A man ought not to be led into trading by tokens. He should wait until the tape tells him that the time is ripe. As a matter of fact, millions upon millions of dollars have been lost by men who bought stocks because they looked cheap or sold them because they looked dear. The speculator… Read More »