FII FnO Analysis for last trading day of 2013

FIIs sold 1225 contracts of Index Future  worth 42 cores with net Open Interest increasing by 2603 contracts, so FII’s added  shorts in today’s session. Nifty opened with a gap up made a high of 6344 and pulled back, as discussed in last analysis. 6259 still holds the key for bulls,Holding the same we can … Read more

WD Gann trading tips for profitable trades

In continuation of Previous Article Trade in Private Never under any circumstances reveal your trading positions to anyone. Your mind must be in complete harmony with your trading positions. When you reveal your positions to someone, they will immediately start to question the trade and start to erode your confidence and concentration in the trade. You will … Read more

Bank Nifty trading strategy for the first week of 2014

Bank Nifty Hourly Bank Nifty hourly charts is forming an ascending triangle formation.Breakdown below 11400 and breakout above 11530 Bank Nifty Daily Bank Nifty on daily chart is near its trendline resistance unable to cross the pullbackback is expected to fill upside unfilled gaps. Fibonacci technique Fibonacci fan Bank Nifty Fibonacci fan are wonderful tool … Read more

Traders’ Resolutions for the New Year-2014

As the finale of 2013 approaches, we are each presented with an opportunity to reflect back while looking towards the future. The dawning of a new year is the perfect time to set new goals and embark down uncharted paths. Now is the time to plan your Resolution. What are our top trading resolutions for … Read more

ICICI Bank,Sun Pharma and JSPL technical level

ICICI Bank ICICI bank is consolidating in small range ,Breakout come above 1087 for short term target of 1131 and breakdown below 1087 for target of 1064. Buy above 1100 Tgt 1106,1112 and 1119 SL 1098 Sell below 1096 Tgt 1092,1086 and 1079 SL 1098   JSPL Buy above 262.5 Tgt 265.5,268 and 272 SL … Read more

How trader reacts when market move against him ?

Eric Barker has a new article (link here) on how to win every argument. The article had a point which made me think whether the same situation happens in trading. So it quoted an experiment by psychologist Drew Westen, which showed to supporters, footage of their favorite candidates completely contradicting himself. The experiment found that as … Read more