Nifty fall below 5800, FII Data analysis

FIIs sold 31289 contracts of Index Future (sold 25217 long contract and  6072 shorts were added ) worth 864 cores with net Open Interest decreasing by 19145 contracts.FII’s have shorted Index Futures again but in small quantity.CAD for Q1 widens to $21.8 billion, stands at 4.9% of GDP but numbers are better than market expectation. Nifty ended … Read more Nifty fall below 5800, FII Data analysis

Currency Trading:USD-INR Weekly Analysis

In Our last analysis, Indian Rupee heading for 61-62 levels,Weekly Analysis Rupee made low of 61.5 and bounced back. Now lets analyze rupee movement for coming week. USD INR Hourly USD INR Hourly charts from MT4 platform  are getting resisted at top of the Fibo channel any move above it can see rupee moving back … Read more Currency Trading:USD-INR Weekly Analysis

Stock Trading:Sun Pharma,Maruti and IDFC

IDFC IDFC is again taken support at fibo fan on weekly chart. Positional trades watch for close above 89 for target of 92 and 97. Intraday traders can use the below mention levels Buy above 89.8 Tgt 91,92.5 and 94.4 SL 88.8 Sell below 88.5 Tgt 87.5,86.4 and 85 SL 89   Sun Pharma Sun … Read more Stock Trading:Sun Pharma,Maruti and IDFC

Bank Nifty Weekly Technical Analysis

Bank Nifty will likely take cues from  June quarter current account deficit and will remain volatile tomorrow.The RBI will release the June quarter current account deficit tomorrow. Government aims to contain current account 3.7 per cent of GDP for the entire fiscal. Lets analyze how to trade Bank Nifty in coming week. Bank Nifty Hourly … Read more Bank Nifty Weekly Technical Analysis

Trading Lesson Learnt From my Trading Guru Part-III

In Continuation with the previous 2 articles Trading Lesson Learnt From my Trading Guru Valuable Trading Lesson Learnt From my Trading Guru Part-II Before starting the article a small note, If You Really Enjoy my article, Could you please do me a ‘Huge favor’ after you have finished reading today’s lesson. Please click the Facebook … Read more Trading Lesson Learnt From my Trading Guru Part-III

FII FnO data analysis for 30 Sep

FIIs sold 8868 contracts of Index Future (sold 3431 long contract and  5437 shorts were added ) worth 243 cores with net Open Interest increasing by 2006 contracts.FII’s have shorted Index Futures Nifty continued to move in the trading range, today formed bearish engulfing pattern but it took support at the rising trendline. Monday’s price action will … Read more FII FnO data analysis for 30 Sep

Swing Trading Calls:ICICI Bank,IndusInd Bank and Auro Phrma

ICICI Bank   ICICI bank is trading in a perfect downtrending channel and very near to an important gann number of 953,Swing Traders looks for close above 953 stock is heading towards 966 and 987. Any close below 932 stock is heading towards 898 in short term. Buy above 947 Tgt 953,966 and 975 SL … Read more Swing Trading Calls:ICICI Bank,IndusInd Bank and Auro Phrma

Nifty October series overview as per FII data

FIIs bought 50350 contracts of Index Future (sold 1.2 Lakh long contract and  1.04 Lakh shorts were squared off ) worth 1497 cores with net Open Interest decreasing by 2.2 lakh contracts.Nothing much to read in these numbers. Nifty continued to move in the trading range and finally expired above 200 DMA, Yesterday Nifty formed an hammer … Read more Nifty October series overview as per FII data

Why traders who trade on news are Bound to fail in long run.

The professional trader knows how to process multiple inputs, yet remains calm and decisive. In this age of information and technology there is zillions of information going round  it’s easy to experience information overload. If you try to process and digest more information than you can handle, you’ll experience frustration and anxiety. If you aren’t … Read more Why traders who trade on news are Bound to fail in long run.