1. FIIs sold 1730 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 36.20 cores with net Open Interest increasing by 29936 contracts. 2. As CNX Nifty Future was up by 3 points with Open Interest in Index Futures increasing by 29936 so FIIs created fresh long in Nifty and Bank Nifty.… Read More »
1. Ask yourself do you really want to take trading as a profession or You want to do trading as its the easiest way to make money ? Before you can develop persistence and eventually achieve success in the tough trading game, you need to first identify if this is truly what you want to… Read More »
Rel Infra Reliance Infrastructure will be coming out with its results today.Stock has seen a good bounce back from 512 and came back in channel.Technically till 547 is not crossed stock will remain in pressure. As today results will come volatility will be the name of game in high beta Rel Infra. Buy above 542… Read More »
1. FIIs sold 9586 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 312.98 cores with net Open Interest increasing by 24218 contracts. 2. As CNX Nifty Future was up by 53 points with Open Interest in Index Futures increasing by 24218 so FIIs created fresh long in Nifty and Bank Nifty.… Read More »
Q3 results, RBI’s monetary policy review will remain in focus next week and will decide the further trend of Nifty. Q3 numbers have been good till now with RIL and Maruti the major index beating street expectation, Next week ICICI and Rel Infra numbers will be in focus. This weak will be remembered for the… Read More »
Interesting Study by TOI:Indian Retail Investor/trader lost 84000 cores in 18 month period. Thats a Huge sum of money lost by retail traders, so what exactly lead to trading failure of retail traders in Stock market.The difference between success and failure for a trader is wafer thin, Lets elaborate with an example Amateur retail traders… Read More »
Event Calendar Period : 28th January – – 8th February 2013. India • Eight Infrastructure Industries (25-31 Jan) • Jan Market service PMI (5 Feb) • Q1 annual GDP govt estimate YoY% (7 Feb) US • Existing Home Sales (22 Jan) • MBA Mortgage Applications (23 Jan) • Initial Jobless claims (MoM) (24 Jan)… Read More »
Many traders think money can always be made on long side but with this ever changing financial market dynamics money can be made in everyone of market irrespective of Long trade or short trade. When it comes to shorting stock or Index futures , many people are in the dark. It is more challenging to… Read More »
I keep reading through Trading For Living one of the best book ever written, This time i have complied quotes for the benefit of my readers. “The market does not know you exist. You can do nothing to influence it. You can only control your behavior.” “The ocean does not care about… Read More »
IVRCL IVRCL fell 21% yesterday on back of news of Killing of NHAI operator. Stock has broken important support level of rs 36 and closed at 33. Break of 31.7 can take further beating of stock 28-25 odd levels range. Sell below 31.7 Tgt 30.3,29.3,27.5 and 25.8 SL 33 IRB IRB is on verge… Read More »