Monthly Archives: May 2013

Daily Trading Strategy:IDFC,Hero Moto and Century Textile

By | May 8, 2013 6:49 am

Century Textile Century has broken out of its resistance zone of and closed above its 50 SMA.Follow up action should be seen today and move towards next zone resistance of 327 Buy above 318.5 Tgt 321,324 and 327 SL 316.5 Sell below 312 Tgt  310,307 and 303 SL 314   Hero Moto Corp Hero Moto… Read More »

FII FnO Data Analysis for 08 May trade in NF

By | May 7, 2013 8:41 pm

FIIs bought 17972 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 540 cores with net Open Interest increasing by31232 contracts. We indicated yesterday FII has again started going long in Index Futures, near our trend changer levels and today also added long .  Great Trader Characteristics Yesterday we discussed based on… Read More »

Great Trader Characteristics

By | May 7, 2013 12:32 pm

Great traders that we have had the pleasure to know and to be around, on exchange floors and on trade desks, had certain repeatable traits that all level traders can learn, or take something from; Having Confidence on themselves and Discipline on their trading system Faith in their own ability. Humility, and a willingness to… Read More »

Stock Trading Chart: HDFC, RIL and KTK Bank

By | May 6, 2013 11:41 pm

HDFC HDFC forming a small descending triangle formation and breakout should come soon. Buy above 854 Tgt 860,864 and 869 SL 852 Sell below 845 Tgt  842,837 and 830 SL 847 Reliance RIL is approching the higher end of its trading range with a close above both 50/200 SMA sugeesting range breakout on cards. Buy… Read More »

Nifty Technical Analysis as per FII Data

By | May 6, 2013 8:21 pm

FIIs bought 14199 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 422 cores with net Open Interest increasing by 21579 contracts.FII has again started going long in Index Futures near our trend changer levels.  The Big Trader’s Secret Nifty formed low of 5928 and high of 5977 but unable to cross… Read More »

USD INR Weekly Technical Analysis

By | May 6, 2013 10:00 am

USD INR 4 Hour Chart USD INR 4 hour chart is trading in a downtrending channel,with support coming at 53.84. On Upside range of 54.18-54.21 is all important zone of resistance. So range bound move to continue.  USD INR Daily Chart As per Daily charts INR is trading below 20 DMA.USD INR broke the rising… Read More »

NF and Bank NF Trend Changer Level

By | May 6, 2013 8:10 am

FIIs sold 569 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 13 cores with net Open Interest increasing by 6211 contracts.FII’s have booking profit in longs and shorting Index on conservative basis. FII average trading price comes at 4433 suggesting all they have done in intraday trading on RBI day.  The… Read More »

Intraday Stock recommendation:Tata Motors,DLF and RCOM

By | May 6, 2013 7:28 am

DLF DLF has been bouncing from Fibo Channel support from last 5 times.Above is 4 hour chart of DLF and 222-225 has provided support and lead to bounceback till 250 odd levels. Buy above 234 Tgt 237,240 and 244 SL 231.5 Sell below 230 Tgt 227.5,223.5 and 219 SL 232   Tata Motors Telco achieved… Read More »

Bank Nifty Weekly Chart Analysis

By | May 5, 2013 11:57 pm

Bank Nifty Hourly Bank Nifty has been facing resistance at 50 Hourly SMA @12585.Holding 12361 upmove till 12585 can be seen.   Bank Nifty Daily Bank Nifty has broken the up trending channel and took support at upper gap area of 12363, Holding 12363 one more attempt to cross and close above 1283 will be made… Read More »

Nifty Weekly Technical Analysis charts

By | May 5, 2013 11:43 am

Nifty touched 6000 first time since Feb month, RBI disappointed the street with just 25 BPS cut and hinting scope of further rate cut is limited. It has spoiled the bullish momentum on the Street.  May month has started and Stock market well know adage “Sell in May and Go away”. So lets see how… Read More »