FIIs sold 5261 contracts of Index Future (22560 Contracts were sold and 17299 fresh shorts were entered into system) worth 1132 cores with net Open Interest decreasing by 5261 contracts. So as per data analysis, FII are exiting longs and entering fresh shorts in market. Golden Rules for Traders trading based on Chart/ Chart Pattern… Read More »
Rule 1 – If you cannot see trends and patterns almost instantly when you look at a chart then they are not there. The longer you stare, the more your brain will try to apply order where there is none. If you have to justify exceptions, stray data points and conflicting evidence then it is safe… Read More »
Bharti Airtel Bharti Airtel stock has been perfectly trading in its Fibo Fan support and resistance on daily charts.Positional traders should wait for close above 343 for positional longs and shorter should wait for close below 320. Buy above 324 Tgt 329,333 and 340 SL 321 Sell below 317 Tgt 314,307 and 301 SL 321… Read More »
FIIs sold 29492 Index Future worth 858 cores with net Open Interest decreasing by 21814 contracts.FII’s went for fresh shorting in Nifty Futures and in Bank Nifty futures. The Huge Secret for Successful trading Nifty closed below its 200 DMA yesterday and today we saw the follow up down move, after RBI Policy came as… Read More »
Over many years of trading, I’ve found certain principles to be true. Understanding and using basic principles provides an anchor of sanity when trading in a crazy world. Whenever I find myself under stress, questioning my judgment or my ability to trade successfully, I pull out these basic trading principles and review them. Don’t Try… Read More »
DR REDDY DRL stock on daily chart is trading near its Fibo Fan support and any close below 2205 will drag stock to 2100 and 1974 in short term. Able to close above 2207 stock can rocket back to 2351 odd levels. Buy above 2240 Tgt 2254,2272 and 2294 SL 2221 Sell below 2184 Tgt… Read More »
FIIs bought 1071 Index Future worth 23 cores with net Open Interest decreasing by 4199 contracts.FII’s went for short covering in Nifty Futures and in Bank Nifty futures. FII’s are going neutral for RBI event. Secret for Successful trading Nifty closed below its 200 DMA, before the crucial RBI Policy. Nifty opened with a… Read More »
Trading requires, the right mindset for success. You must be confident in your decisions because they are based on cause and effect, not on emotions or opinion. Negative people who are unsure of themselves are not successful in any field. You need faith in yourself and your methods to be able to persevere and not… Read More »
Reliance Capital Reliance Capital Stock was unable to cross the Fibo fans and also price got rejected near 200 DMA.Stock has seen a correction till 365 which a very important support level.Any close below 364 will give a swift correction till 343 odd levels. Close above 377 gives short term target of 411. Buy above… Read More »
Sensex after closing at 2.5 Year declined 600 point from high as market participant sold shares after the RBI took additional steps to tighten liquidity to shore up the rupee. Rupee was the only gainer from last week closing at 5 week high.RBI policy on 30 June and Monthly closing at 31 will add more… Read More »