Bulls celebrating Diwali on Dalal Street, FII data analysis

FIIs bought 15148 contracts of Index Future worth 490 cores with net Open Interest decreasing by 167031 contracts. Nifty made a fresh 52 week high today at 6309 and Sensex at its 5 year high,Nifty is approaching the crucial 6337 level. If charts are seen closely every time it touch the 6338 level we see … Read more Bulls celebrating Diwali on Dalal Street, FII data analysis

Sensex at life highs but No Fireworks for Retail Investor

The BSE Sensex closed at a record high on Wednesday riding on strong fund flows from overseas investors. The Sensex gained 105 points to close at 21,034, while the 50-share Nifty ended at 6,251.70, rising 31 points. Media is abuzz with Sensex reaching new life High on Diwali day which is quiet possible but should … Read more Sensex at life highs but No Fireworks for Retail Investor

Rel Cap, Rel Infra and Tata Steel technical analysis

Reliance Capital   Reliance Capital is unable to cross its 200 DMA,formed a DOJI pattern,Unable to close above 200 DMA Correction 343 and 322 levels in short term. Buy above 364 Tgt 367,371 and 376 SL 362 Sell below 357 Tgt 352,348 and 343 SL 360     Tata Steel Buy above 331 Tgt 334,339 … Read more Rel Cap, Rel Infra and Tata Steel technical analysis

How should traders play markets ahead of F&O expiry

FIIs bought 6001 contracts of Index Future (bought 16994 long contract and 10993 shorts were entered ) worth 194 cores with net Open Interest increasing by 27987 contracts.So with rise shorts were also added by FII’s. Nifty made a fresh 52 week high today at 6270 and Sensex closed above 21000,  has reached near to the highly … Read more How should traders play markets ahead of F&O expiry

Nifty cheers RBI, FII FnO analysis

FIIs bought 34759  contracts of Index Future (bought 65505 long contract and 30296  shorts were entered ) worth 1086 cores with net Open Interest increasing by 95531 contracts.So with rise shorts were also added by FII’s. Nifty has reached near to the highly crucial level of 6252, which is medium term supply zone.As we are approaching the … Read more Nifty cheers RBI, FII FnO analysis

How to recover from BIG trading loss

Just about every new trader who launches into trading before doing the proper homework ends up ‘blowing up their account’ which is generally considered suffering a 50% or greater draw down from their original equity starting point. Some of the signs of being in danger is just trading your opinion with no regard to finding  … Read more How to recover from BIG trading loss

Ranbaxy, BPCL and JSW Steel technical analysis

BPCL BPCL is at its channel support,and near an important gann number of 343. Any close below 343 stock is heading towards 322 odd levels. Buy above 348.5 Tgt 351,355 and 358 SL 346 Sell below 345 Tgt 341,337 and 333 SL 348 Ranbaxy Ranbaxy is unable to close above its 200 DMA, and strong … Read more Ranbaxy, BPCL and JSW Steel technical analysis

FII F&O Data analysis before RBI policy meet

FIIs bought 3434 contracts of Index Future (bought 5780 long contract and 2346 shorts were entered ) worth 111 cores with net Open Interest increasing by 8126 contracts. Nifty at last gave the follow up down move after series of  DOJI formation,forming a bearish engulfing before the RBI day. Nifty made high near our Weekly Trend Changer … Read more FII F&O Data analysis before RBI policy meet

Maruti, Syndicate and Axis Bank Technical analysis

Maruti Maruti has formed multiple doji’s strong support at 1453  and resistance at 1549. Buy above 1511 Tgt 1531,1549 and 1563 SL 1500 Sell below 1488 Tgt 1477,1467 and 1453 SL 1500   Axis Bank Buy above 1193 Tgt 1204,1217 and 1230 SL 1190 Sell below 1179 Tgt 1167,1154 and 1140 SL 1190     … Read more Maruti, Syndicate and Axis Bank Technical analysis

How will Bank Nifty react to RBI and FOMC events, Weekly Analysis

Last Week We gave the Bank Nifty Weekly Trend changer level as 10756 Bank Nifty did 2 target on upside. Next week is quiet crucial for Bank Nifty as we have RBI Policy, FOMC meeting and F&O expiry all 3 lined up in next 4 days. Bank Nifty being an high beta instrument will rise … Read more How will Bank Nifty react to RBI and FOMC events, Weekly Analysis