Pattern, Price and Time: Using Gann Theory in Technical Analysis
Larsen and Tubro LT has formed double bottom at 698. Double bottom are strong reversal pattern,validation will come when 698 is not broken for next 2 days. Any close below 698 will see the stock correcting till 665 odd levels. Holding 698 can see LT bounceback till 754 odd levels. Buy above 715 Tgt 726,737,747 … Read more Stock Calls:LT, Yes Bank and REC
FIIs sold 20381 contracts of Index Future (Entered fresh shorts in 25388 contracts and fresh longs in 5007 Longs) worth 542 cores with net Open Interest increasing by 30395 contracts. So as per data analysis, FII’s are still entering in fresh shorts in NF and BNF,I have been cautioning from past 2 days a big downside is … Read more Nifty Crashes below 5300 as Rupee hits record low
Nifty has been falling like 9 Pins, Large Caps have turned to Mid Caps, Mid Caps into Small Caps. Retailers are running away from market, But one talk i always hear when i talk to anyone related to market FII’s are manipulating Indian Market and they never lose money. Well let me put some justification … Read more How Rupee Fall increase FII’s Loss ?
Axis Bank Axis bank is approaching its medium term support of 929. Holding the same bounce back can be seen as shown in above chart. Closing below 929 can see axis correcting 898 in short term. Buy above 935 Tgt 945,952 and 968 SL 929 Sell below 924 Tgt 911,898 and 887 SL 929 … Read more Stock Trading Strategies:Axis Bank,JSW Steel and Sesa Goa
FIIs sold 36045 contracts of Index Future (Entered fresh shorts in 31007 contracts and booked profit in 5038 Longs) worth 963 cores with net Open Interest increasing by 25969 contracts. So as per data analysis, FII’s are still entering in fresh shorts in NF and BNF,The rally we saw today was backed by short covering and fresh … Read more Nifty Trading Strategy as per FII Data Analysis
Discipline your self: This is what helps one to gain in the market. When the market movements as per your trading setup asks you to enter, book profit or loss just obey it. Do not let your emotion enter here thinking you will beat the market. You can always enter the position later on instead of … Read more Trading Mantra for aspiring traders
Idea Idea is trading in a perfect up trending channel and is near the trendline support of 155. Holding 155 and trading above 157 gives target of 165,178 in short term. Any close below 154 will see a quick correction till 144. Buy above 157 Tgt 158.5,160,161.5 and 163.2 SL 156 Sell below 155 Tgt … Read more Intraday/Positional Calls:Idea,JSPL and PFC
Bank Nifty Hourly Bank Nifty on hourly chart is trading in a perfect down trending channel. close above of 9846 on hourly basis the relief rally can start else we can going sub 9400 levels. Bank Nifty Daily Bank Nifty is trading at multi year low and has broken each and every support on downside.Technical … Read more Bank Nifty Weekly Technical Analysis for August derivatives expiry
Next week is likely to be a volatile one on account of derivatives expiry. Rupee and FII flows would set the tone for the market. Q1 GDP data due 30th August would be keenly watched. Last week we gave Trend Deciding level as 5556 Nifty Nifty achieved all 3 target on downside :).Lets analyze how … Read more Nifty Weekly Technical Analysis for August derivatives expiry
Trading is one of the most exciting and money making profession.As a new trader and hearing the success stories of few people making million in short time it is tempting to jump in as early as possible head first and seek out those high profits for minimal work.However, the truth is trading has also made … Read more What to do before you want to start trading