FIIs bought 1948 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 62 cores with net Open Interest increasing by 24122 contracts, so again long addition by FII. Do and Don’ts before you start trading
After big move yesterday its time for market to catch its breath and nifty consolidated in our trading range and made exact high at 6198 as give on facebook page .Nifty has entered a new trading range above 6120 which has been traded after a span of 2 years,hence we are seeing sideways …
1. Caution.
Excitement (and fear of missing an opportunity) can often persuade you to enter the market before it is safe to do so. After a downtrend, a number of rallies may fail before one eventually carries through. Likewise, the emotional high of a profitable trade may blind us to signs that the trend is reversing.
2. Patience.
Wait for the right market conditions before trading. There are times when it is wise to stay out of the Market and observe from the sidelines.
3. Conviction.
Have the courage of your convictions: Take steps to …
As discussed in the following post How a Fibonacci Ratio Showed an Important Resistance and Support Level in Gold After retracing 61.8% of the gold crash, spot gold prices have fallen back and are now trading back under the psychologically important $1400 for the first time in four weeks. This also ascertain to our fact that Should Gold be bought on Akshaya Tritiya
Charts: Bloomberg
“The market is its own worst enemy. It is lacking positive momentum, which is keeping bulls on the sidelines. The dollar is stronger. Buyers have just …
IDFC
IDFC has been trading a in a downtrend channel and has given a breakout above the channel and closed above its 200 DMA also with a bullish engulfing pattern. Stocks looks ripe to touch its next level of resistance@162
Buy above 159 Tgt 160.5,162.3 and 165 SL 158
Sell below 156 Tgt 154,152 and 149 SL 158
Ranbaxy
Ranbaxy has been in news for all bad reasons and stock has responded on bullish note to the news showing bulls are active and any bad news is digested and stock is rallying. Ranbaxy is near …
FIIs bought 8097 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 246 cores with net Open Interest increasing by 24963 contracts, so again long addition by FII. Want to be Successful Trader ?
As discussed yesterday Nifty is set to make a decisive move and market oblized us. Losses which were made on Tuesday got wiped off in 1 day and huge profits were also made. This is what I have been telling to readers and teaching my students. “Trust on System”. Nifty opened at 6018 and …
