Nifty Fibonacci Retracement Nifty Fibonacci Retracements from 5217-5815 are drawn in above chart,Major support at 61.8% Golden ratio at 5585 and Resistance at 5687 Nifty Fibonacci Fans As discussed earlier Fibo Fans helps in finding potential tops and Bottom of market from short term prospective. If we see the chart closely Nifty has formed a… Read More »
1. FII bought 31109 Contracts of Index Future,worth 903.89 cores with net OI decreasing by 312403 contracts. 2. As Nifty Future was up by 9 points and Open Interest in Index Futures decreased by 312403, so FII have covered their positions and from tommorow will start afresh. RollOvers have been on long side as Nifty… Read More »
1. FII bought 810 Contracts of Index Future,worth 87.97 cores with net OI increasing by 17458 contracts. 2. As Nifty Future was down by 30 points and Open Interest in Index Futures increased by 17458,so FII covered longs and initiated fresh shorts in Nifty Future and Bank Nifty.October Series has been a non event series… Read More »
90% of option traders lose money Even people who are highly knowledgeable about the financial markets and work in the industry do poorly. There is evidence all over the place that losing money in options is normal and “everyone in the know knows it”. I never got good at options trading, but I never encountered… Read More »
Trading should be effortless. A true piece of wisdom. In my experience when I trade well it is like shooting fish in a barrel. Almost everything works. I don’t need to be overly patient with positions. The money comes in very fast. That’s exactly how trading should be. The exact opposite was the case during… Read More »
1. FII bought 8090 Contracts of Index Future,worth 236.01 cores with net OI increasing by 78396 contracts. 2. As Nifty Future was up by 36 points and Open Interest in Index Futures increased by 78396,so FII covered shorts and initiated fresh longs in Nifty Future and Bank Nifty.An important point to note today’s traded contract… Read More »
You must have a Mission Statement. What’s your real motivation behind your trading? You must spell out your trading/investing Goals and Objectives. You cannot get from A to B very easily unless you truly know where B is. You must spell out your Trading/Investing Beliefs and Market Beliefs. Please remember this very important statement,… Read More »
LT LT will be declaring its results today. Stock is facing resistance at upper end of trendline at 1652,Break of same can lead to move back till 1715 odd levels.Support at 1614 levels. Buy above 1636 TGt 1652,1666,1680 and 1716 Sell below 1614 Tgt 1604,1591 and 1581 Dish TV Dish TV has corrected… Read More »
1. FII sold 10776 Contracts of Index Future,worth 282.53 cores with net OI increasing by 3064 contracts. 2. As Nifty Future was down by 48 points and Open Interest in Index Futures increased by 3064,so FII took shorts in Nifty Future and Bank Nifty.They are also playing the range 5725-5635 and doing more of day… Read More »
Nifty made the top at 5815 in September,Flash crash occurred hurting the sentiments and Nifty made a 100 Points range 5635-5725 and since has been oscillating in that range from past 8 trading sessions.The law of moving average always suggests when get heavily loaded on a single side consolidation is the name of game, So… Read More »