Nifty Weekly Technical Analysis for Expiry Week

2012 started with a bearish noises all around and traders shorting stocks index on every rise. Investors were not deploying cash thinking of getting stocks at more lower levels. But market always move against the mass psychology and its Proved TRUE yes again.  Nifty is up 9.2% in January 2012 Till date.In fact, this is … Read more Nifty Weekly Technical Analysis for Expiry Week

Qualities of Successful trader: Control EGO and Greed Quotient

An avaricious or keen desire for profits is one of the most prevalent causes of failure in speculation. This weakness is general among traders. They desire “just a little more ” profit. If the stock or commodity bought advances, then that’s proof to them that it will advance further and so they hang on. They … Read more Qualities of Successful trader: Control EGO and Greed Quotient

FII F&O Data analysis for 20 Jan trade in Nifty future

Below is my Interpretation of FII OI data Sheet for 19-Jan-11.   1. FII  bought  45614  Contracts in NF worth 1133  Cores in Index Futures with Open Interest increasing  by 30362 contracts. 2. As Nifty Future  was up  by 64  points and OI has increased today, with rise in price so FII have created fresh longs … Read more FII F&O Data analysis for 20 Jan trade in Nifty future

Technical Calls:Jubilant Food,ITC and Axis Bank

AXIS Bank   Axis bank took support at its 930 which is 50 SMA and bottom of the channel. Volumes were low on a down day. Now there are 2 distinct possibility 1. Break 50 SMA and correction till 20 SMA 2. Bounce from channel low and move towards 100 SMA Buy above 954 Tgt … Read more Technical Calls:Jubilant Food,ITC and Axis Bank

FII F&O Data analysis for 19 Jan trade in Nifty future

Below is my Interpretation of FII OI data Sheet for 18-Jan-11. 1. FII  sold 15129  Contracts in NF worth 350  Cores in Index Futures with Open Interest increasing  by 687 contracts. 2. As Nifty Future  was down by 20  points and OI has increased today, with fall in price so FII have booked profit  in Index … Read more FII F&O Data analysis for 19 Jan trade in Nifty future

FII F&O Data analysis for 18 Jan trade in Nifty future

Below is my Interpretation of FII OI data Sheet for 17-Jan-11.   1. FII  bought 42432  Contracts in NF worth 1046  Cores in Index Futures with Open Interest increasing  by 42548 contracts. 2. As Nifty Future  was up by 86  points and OI has increased today, with rise  in price so FII are long  in Index … Read more FII F&O Data analysis for 18 Jan trade in Nifty future

Technical Calls:TCS,Maruti Udhyog and Hindalco Industries

Maruti Udhyog   Maruti has been trading in the range of 907-1008 from past many trading sessions. Yesterday it made an attempt to close above 1010 but supply pressure came on higher end. One positive thing close above 50 SMA @972 is positive for the stock in medium term Buy above 1010 Tgt 1020,1036 and … Read more Technical Calls:TCS,Maruti Udhyog and Hindalco Industries

Nifty Weekly Technical Analysis for Week Begining 16 Jan

The Week Ended up with the inevitable,long due and  bold decision by S&P Rating agency: Downgrade of EU Nations   Standard & Poor’s carried out a mass downgrade of euro zone countries on Friday, stripping France and Austria of their top-grade AAA ratings, Nine of the 17 members of the euro area had their credit … Read more Nifty Weekly Technical Analysis for Week Begining 16 Jan