How to Use Pivots Points for Day Trading

Introduction The pivot point is the level at which the market direction changes for the day. Pivot Point trading is the most basic in trading and lots of traders use this so market finds support and resistance at Pivot Levels. Pivot Points are support and resistance levels that are calculated using the open, high, low, … Read more How to Use Pivots Points for Day Trading

Golden Rules for Succesful Traders

1. Anger over a losing trade – Traders usually feel as if they are victims of the market. This is usually because they either 1) care too much about the trade and/or 2) have unrealistic expectations. They seek approval from the markets, something the markets cannot provide. 2. Trading too much – Traders that do this have … Read more Golden Rules for Succesful Traders

Technical Calls:Ranbaxy,Delta Corp and Bank Nifty

Bank Nifty Bank NIfty is facing trendline resistance at 9464 crossing above it Litmus test will come at 200 DMA@9612. So today being friday last 2 hours of trading is crucial in Bank Nifty. Sell below 9365 TGt 9295,9253,9157 and 9101 Buy above 9465 TGt 9534,9612 and 9700   Delta Corp Delta Corp facing moving … Read more Technical Calls:Ranbaxy,Delta Corp and Bank Nifty

FII Derivatives Analysis for 25 May Trade

  Bulls gave a Knockout punch today to bears and in one instance closed above 4900 . Does it change the trend. My analysis show till its below 4960 Bears still have upper hand,Bear market rallies are sharp furious and short lived. Above 4960 Bulls will get upper hand . Expiry is 5 days away … Read more FII Derivatives Analysis for 25 May Trade

Technical Calls:Canara Bank,SBI and TCS

SBIN SBIN is facing resistance at 1980,Break of 1980 can take it back to 2040.On downside break of 1920 will lead to unwinding of longs Sell below 1920 TGt 1896,1872 and 1844 Buy above 1980 Tgt 2003,2032 and 2069   TCS TCS has done nothing in may series and is one of the main reason … Read more Technical Calls:Canara Bank,SBI and TCS

FII Derivatives Analysis for 24 May Trade

Today we had the Steepest rise in Petrol Prices Rs 7.50,Quantum of Hike will lead to inflation as price of essential goods will rise and whole brunt will be borne by Common Man!!. For Stock Market Perceptive its negative for Auto Stocks, Bank Stocks (as Further rate hikes will not be done) ,Infra Stocks and … Read more FII Derivatives Analysis for 24 May Trade

Technical Calls:Cental Bank,Rolta and Delta Corp

Losses are tough.  Errors and mistakes are bothersome.  And, yet there’s almost always a lesson in there if you remain alert to improving.  I’ve always said that mistakes are okay if you acknowledge them and learn from them.  James Joyce said, “Mistakes are portals of discovery.” As I trade and make mistakes, I say to myself, … Read more Technical Calls:Cental Bank,Rolta and Delta Corp

FII Derivatives Analysis for 23 May Trade

It all Boils down to Indian Rupee,The way its hitting new high everyday Indian Economy is facing difficult days as Balance of Payment and Crude Oil Imports are adding as double whammy.INR hits new Life time low of 55.47,going gets tougher for Pranad Da. 1. FII  bought 23630  Contracts of Index Futures worth 572  cores … Read more FII Derivatives Analysis for 23 May Trade

Technical Calls:Educomp,Opto Circuit and HUL

“Deciding when to cut your losses is one of the toughest decisions for anyone to make, but traders at the top of their game know that they always have to make the decisions they need to make, which may or may not be the ones they want to make” Opto Circuit Opto Circuit would be … Read more Technical Calls:Educomp,Opto Circuit and HUL

FII Derivatives Analysis for 22 May Trade

FII FnO Analysis for 22 May trade in Nifty Future 1. FII  sold 22391  Contracts of Index Futures worth 547  cores OI increased by 3607. 2. As Nifty Futures was up  by 4  points with  OI increased  by 3607 , FII has liquidated there longs created on Friday and still no fresh shorts have been … Read more FII Derivatives Analysis for 22 May Trade