Pattern, Price and Time: Using Gann Theory in Technical Analysis
The April Series has been listless series which can be best summarized as the series of consolidation after a Topsy turfy ride in volatile march series. Consolidation is an integral part of market which is very much required before next big move. May Series promises to be a month of big moves. Lets jump into … Read more
As 2011 come to an end let me share an important aspect of trading Keeping losses small in order to avoid huge losses Why is that so? From a psychological point of view nobody wants to sell at a loss as in most situations in life making mistakes and admitting them is associated with being … Read more
TCS TCS has moved by almost 15% after results but unable to cross the laxman rekha of 1205. As seen from above chart supply exists at higher levels and also TCS looks quiet expensive on fundamental basis. Gap also exists from 1064-1135 which will get filled eventually Sell below 1187 Tgt 1176,1164 and 1150 Buy … Read more
Below is my Interpretation of FII OI data Sheet for 26-Apr-12. 1. FII sold 13099 Contracts of NF worth 348 cores OI decreased by 188754. 2. As Nifty Futures was down by 12 points and OI has increased by 188754 , ie.Fall in Price with Fall in Open Interest,long liquidation by FII. 3. Today we … Read more
1. FII sold 13686 Contracts of NF worth 314 cores OI also increased by 77488. 2. As Nifty Futures was down by 26 points and OI has increased by 77488 , ieFall in Price with Rise in Open Interest,Fresh shorts were added by FII. Today we saw an huge increase in OI and with S&P … Read more
Below is my Interpretation of FII OI data Sheet for 24-Apr-12. 1. FII sold 2194 Contracts of NF worth 32 cores OI also increased by 19824. 2. As Nifty Futures was up by 25 points and OI has increased by 19824 , ieRise in Price with Rise in Open Interest,Fresh longs were added by FII.Again … Read more
“One of the most difficult things about trading is not to trade. That is probably one of the most common mistakes that people starting out in this business make. Overtrading is as bad as running losing positions for too long.” Patience Perhaps one of the hardest aspects of trading to master. Often times newer traders … Read more
Below is my Interpretation of FII OI data Sheet for 23-Apr-12. 1. FII sold 21091 Contracts of NF worth 509 cores OI also increased marginally by 6119. 2. As Nifty Futures was down by 103 points and OI has increased by 6119 , ie.Fall in Price with Rise in Open Interest,Fresh shorts were added by … Read more
Almost everyone says that discipline is a requirement to succeed in trading. But most people never talk about what really underlies that type of discipline. The answer……true self-confidence. Larsen Tubro Larsen and Tubro is forming a symmetrical triangle which is a precursor of a decisive move coming in LT. Buy above 1294 Tgt 1314,1330 and … Read more
Below is my Interpretation of FII OI data Sheet for 20-Apr-12. 1. FII sold 5957 Contracts of NF worth 102.69 cores OI also increased marginally by 3397. 2. As Nifty Futures made a dramatic low of 5000 with a fall of 300 points in 2.5 minutes by the Algo trading hitch by CLSA and recovery … Read more