Intraday Stock Trading:Bank of Baroda,IDFC and LT

LT LT is forming multiple support in the range of 1521-1527, Stock has formed swing high of 1600 and has been falling continuously. Buy above 1538 Tgt 1547,1560 and 1570 SL 1527 Sell below 1524 Tgt 1514,1501 and 1490 SL 1537   IDFC IDFC has broken out of risisng wedge pattern and is now at … Read more

FII F&O Analysis for 5 Feb Nifty Future Trading

1. FIIs sold 23754 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 710.33 cores with net Open Interest increasing by 39348 contracts. Are you Trading for a Living? 2. As CNX Nifty Future was down  by 40  points with Open Interest in Index Futures increasing by 39348, FII have created fresh … Read more

Trading for a Living

How to make money trading stocks/Commodities (a) Identify the reason for the trade (b) A Stop Loss (c) A profit target or trailing stop mechanism (d) The point at which you accept that the trade is not working even if the stop did not hit. (e) Number of shares / contracts that you will hold. … Read more

Nifty Future Trading levels for 3 Feb

1. FIIs sold 3214 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 99 cores with net Open Interest decreasing by 1810 contracts. Importance of Effective Trading Plan in trading profitably 2. As CNX Nifty Future was down  by 31  points with Open Interest in Index Futures decreasing by 1810, FII hve … Read more

Intraday Swing Trading Calls: ICICI Bank,JP Associate and Hindalco

ICICI Bank ICICI Bank we had discussed few days before pulled back from the resistance of 1232 and is back to 1167 which is a trendline support.Holding the low of 1167 bounce back can be expected.   Buy above 1180 Tgt 1192,1203 and 1216 SL 1167 Sell below 1165 Tgt 1158,1145 and 1122 SL 1172 … Read more

Nifty Weekly Outlook for 04-08 Feb

RBI delivered what market was expecting cut in Repo and CRR but Nifty has been down from past 5 trading session. As the rate cut had already been factored in by the markets and profit booking followed. Many traders were surprised the way Nifty behaved, market always behave irrationally and its always better to trade … Read more

What is Swing trading technique?

“Trend is Your Friend” , “Never Challenge the Trend” are true market adage and doctrine for traders. But when one looks at History of Financial market be it be stocks,commodity or Foex , Market does 80% of move in 20% of time   and remaining 80% of time they are in non-trending, or “sideways” fashion. … Read more

Top Ten trading Losses in History of Financial Market

Interesting Article complied from en.wikipedia.org/wiki/List_of_trading_losses #10 Under the leadership of CEO Heinz Schimmelbusch, German metals and engineering giant Metallgellschaft was on the brink of bankruptcy after losing $1.3 billion on speculative bets.  The firm bet on an increase in oil prices in oil futures markets, but oil prices dropped instead. Full Article #9 Robert Citron lost $1.7 billion for Orange … Read more

Stock Trading Method:IFCI,PFC and PNB

PFC PFC has been giving good trading opportunity, as trading in tight band of 203-213.Buy Support and Sell resistance is an ideal strategy to follow in PFC till we see either Breakout or Breakdown. Sell below 210.2 Tgt 208,204.5 and 202 SL 213 Buy above 214 Tgt 216.3,217.5 and 219.5 SL 212.5   PNB PNB … Read more