Monthly Archives: August 2013

Nifty rallies on back of rupee recovery, nifty technical analysis

By | August 23, 2013 9:08 pm

FIIs sold 24369 contracts of Index Future (Entered fresh shorts in 7061 contracts and booked profit in  17308 Longs) worth 662 cores with net Open Interest decreasing by 10247 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 »

Trading Calls: Century Textile,TCS, IBreal

By | August 22, 2013 11:45 pm

Century Textile Century textile  is trading in perfect downtrending channel and current down move will get over only on close above 233 which gives positional target of 241 and 254 in short term. Any close below 199 will be big fallout for bulls as stock can fall as low as 178 in short term Buy… Read More »

Words of wisdom from Jesse Livermore

By | August 22, 2013 12:19 pm

No trader can or should play the market all the time. There will be many times when you should be out of the market, sitting in cash waiting patiently for the perfect trade…. ” – Jesse Livermore “It is foolhardy to make a second trade, if your first trade shows you a loss…. As an… Read More »

Gold Chosen to Be Curbed By India to Save Rupee

By | August 22, 2013 12:15 pm

Due to inflation spikes of the rupee, India has restricted foreign exchange outflows as well as gold imports starting August 14. This is a new attempt to help salvage the dropping Indian currency and to hold back a crippling external deficit. India is known to be the biggest buyer of bullion but the newest financial… Read More »

Secrets of Highly Profitable Traders Part-1

By | August 17, 2013 11:14 am

Highly profitable traders are not born, they are made. They do not rely on pure luck to make consistent earnings but on their calculated moves when trading in stocks/Forex/commodities. Today lets discuss the Qualities of Top trader. 1. Discipline Without discipline, none of the other qualities matter. It is possible for any trader to invest… Read More »