Wishing Readers Happy,Prosperous and Profitable New Year 2012 ; 1. FIIs sold 8221 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 250.46 cores with net Open Interest decreasing by 6665 contracts. Must read Common Trading Mistakes to aviod in 2013 http://bit.ly/YFgj1P 2. As CNX Nifty Future was down by 3 points… Read More »
Fibonacci technique Fib retracements Fibonacci Ratios are drawn in above chart from 5548-5965 showing Fibonacci support and Fibonacci resistance. Close above 5965 is required for a breakout and support now exists at 5871and 5823. Fibonacci fan As discussed earlier Fibonacci fan helps in finding potential tops and Bottom of market from short… Read More »
Nifty gave then Highest Weekly Close in last two Years (2011-2012).Nifty and Sensex continued with there consolidation phase, positive takeaway from last week’s movement is that the Sensex is holding above 19,000 and the Nifty continues above 5,825 which gives bullish touch this phase of consolidation. All eyes on US fiscal cliff talks which are… Read More »
1. FIIs sold 15149 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 426.74 cores with net Open Interest decreasing by 295045 contracts. 2. As CNX Nifty Future was up by 34 points with Open Interest in Index Futures decreasing by 295045, so FIIs have squared off position due to expiry.Do not… Read More »
1. FIIs bought 5766 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 163.02 cores with net Open Interest increasing by 77028 contracts. 2. As CNX Nifty Future was up by 48 points with Open Interest in Index Futures increasing by 77028, so FIIs have created longs in Nifty and Bank Nifty… Read More »
1. FIIs bought 5565 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 178.28 cores with net Open Interest increasing by 25987 contracts. 2. As CNX Nifty Future was up by 12 points with Open Interest in Index Futures increasing by 25987, so FIIs have created longs in Nifty and Bank Nifty… Read More »
1. FIIs sold 4724 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 123 cores with net Open Interest increasing by 20990 contracts. 2. As CNX Nifty Future was down by 77 points with Open Interest in Index Futures increasing by 20990, so FIIs have booked longs and created fresh shorts… Read More »
Fibonacci technique Fib retracements Fibonacci Ratios are drawn in above chart from 5548-5965 showing Fibonacci support and Fibonacci resistance. Close above 5965 is required for a breakout and support now exists at 5805 and 5756. Fibonacci fan As discussed earlier Fibonacci fan helps in finding potential tops and Bottom of market… Read More »
1. FIIs bought 1807 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 56.49 cores with net Open Interest decreasing by 3017 contracts. 2. As CNX Nifty Future was down by 15 points with Open Interest in Index Futures decreasing by 3017, so FIIs have booked longs in Nifty and Bank… Read More »
Fibonacci technique Fib retracements Fibonacci Ratios are drawn in above chart from 5548-5965 showing Fibonacci support and Fibonacci resistance. Close above 5965 is required for a breakout and support now exists at 5805 and 5756. Fibonacci fan As discussed earlier Fibonacci fan helps in finding potential tops and Bottom of market… Read More »