The first attraction for someone to enter market is the fantasy world of day trading where Traders think they can make huge money on small capital taking huge leverage. The attraction of day trading is that traders can very much control their own hours. Most of traders who gets involved in day trading are not … Read more Is It possible to make money day trading part time ?
The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation, has released the provisional estimates of national income for the financial year 2012-13 and the quarterly estimates of Gross Domestic Product (GDP) for the fourth quarter (January-March) of 2012-13, both at constant (2004-05) and current prices. 2. The CSO has also released the corresponding … Read more India’s Q4 GDP at 4.8% at decade low
HDIL HDIL declined after posting bad set of numbers, Stock is approaching its falling trendline support of and demand zone of 43-44 range.Resistance on upside comes at 47 odd levels. RSI is showing positive divergence. Buy above 45.5 TGt 46.5,47.7 and 49 SL 44.6 Sell below 43 Tgt 41.8,39.6 and 38 SL 44 ITC … Read more Stock Trading Calls:HDIL,ITC and Cipla
FIIs bought 37842 Contracts of Index Future ,worth 1168 cores with net Open Interest increasing by 47254 contracts, FII made fresh longs in market.Are you ready for Trading? As expected Nifty closed above 6100, Tomorrow we have Q4 GDP data coming Exp 4.8%, Prior 4.5% and we have monthly closing also, Bulls will try to … Read more Nifty Future Technical Analysis for June F&O Series
May Expiry is coming to an end, Have a look at your ledger and see were you able to make profit for the series. If yes Well and Good If no ask yourself the following questions: 1. Do I treat my trading like a business? Have I prepared for it the way I would for … Read more Are you ready for Trading?
Interesting Observation From Historical Stock Market Moves What happened in Japan last week (a 14% decline after a 85% rally since last fall) is an example of markets getting ahead of the facts on the ground. But what happens next? After a 70% run-up over 6 months, how have stocks performed? The … Read more Japan Stock Market Rallied 70% in 6 Month Whats next ?
SBI SBI continued with downtrend after disastrous Q4 result, Stock has closed below its 200 DMA and is taking support at Fibo channel as shown in Chart. Unable to hold 2100 and closing below 2070 will add pressure on downside and levels of 1880 odd levels can be seen in extreme short term. Buy above … Read more Expiry Stocks Calls:SBI,Ranbaxy and Canara Bank
FIIs bought 13299 Contracts of Index Future ,worth 416 cores with net Open Interest increasing by 40161 contracts, FII made fresh longs in market.Reason for Rupee Depreciation against dollar Tomorrow we have Nifty May Series Expiry, Nifty made low of 5860 and High of 6229 total range of 369 points. May expiry has been volatile … Read more FII F&O data analysis for May Derivative Expiry
As discussed in Morning post Rupee is trading near 8.5 month low,it has plunged almost 3% for the week. FII have been pumping money in India from the start of 2013 and for May alone we have seen flows of $3 Billion mainly in Equities and Debt market. Also with $5.9 Billion Dollar Open offer … Read more Reason for Rupee Depreciation against dollar
Indian Rupee is trading at 9.5 month low and has given a breakout above 56. Rupee is currently trading at 56.15 and is heading towards its next important resistance of 56.47. Closing Above 56.47 on weekly basis rupee is all heading towards its life high of 57. USD INR 4 Hour Chart USD INR … Read more UDS-INR Breakout above 56