During my training sessions i would like to ask my students what do you mean by trading? Most of the students will answer trading is all about mathematics and probabilities. Some will say its all about charts, other will say its all about earnings and future prospects of earnings about the particular stocks or Sensex.… Read More »
Infosys Infosys the IT bellwether will be coming with its results tommrow before market opens. Stock has rallied in expectation of good results from series of bad results in past 3 quarters. Technically a symmetrical triangle formation is seen with resistance at 2380 and support at 2323. Buy above 2346 Tgt 2367,2380 and 2410 Sell… Read More »
1. FIIs bought 1190 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 53.31 cores with net Open Interest decreasing by 5426 contracts. 2. As CNX Nifty Future was up by 20 points with Open Interest in Index Futures decreasing by 5426, so FIIs have booked profit in both longs and short… Read More »
CIPLA Cipla has been trading in a small range of 413-429. Buy Support Sell resistance should be the strategy. Buy above 425 Tgt 427,429 Sell below 423 Tgt 421,418 and 415 Godrej Industries Descending Triangle formation with resistance at 330, Unable to break the same pullback will be seen. Buy above 332 Tgt 336,341… Read More »
1. FIIs sold 6623 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 185 cores with net Open Interest decreasing by 6001 contracts. 2. As CNX Nifty Future was down by 24 points with Open Interest in Index Futures decreasing by 6001, so FIIs have created fresh shorts in Nifty and Bank… Read More »
Learn to Lose Money to Make Money Unfortunately, it is the sad reality that the majority of people reading this are not profitable traders. If I could single out the most common culprit for sabotaging your trading it would have to be not being able to take a loss. This is especially prevalent amongst new… Read More »
1. FIIs sold 8319 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 254 cores with net Open Interest decreasing by 6193 contracts. 2. As CNX Nifty Future was up by 8 points with Open Interest in Index Futures decreasing by 6193, so FIIs have booked profit in Nifty and Bank Nifty… Read More »
PFC PFC is near its supply zone of 213-215 range. Negative divergence has shown in indicators.Close below 209 which is rising trendline support will confirm the reversal. Buy above 212 Tgt 213,213.9 and 215 Sell below 208.7 Tgt 207 and 205 BHEL BHEL is near its long term trendline resistance of 244. Stock is… Read More »
Nifty gave then Highest Weekly Close in last 104 weeks,Closing comfortably above the sacrosanct level of 6000.Nifty and Sensex after 4 weeks of consolidation phase, finally gave a breakout .US Fiscal deal gave a booster to Bulls round the globe. As per our last week discussion do not try to second guess the market and… Read More »
Fibonacci technique Fib retracements Fibonacci Ratios are drawn in above chart from 5548-6021 showing Fibonacci support and Fibonacci resistance. Close above 6021 will target 6130 and support now exists at 5920 Fibonacci fan As discussed earlier Fibonacci fan helps in finding potential tops and Bottom of market from short term prospective. If we… Read More »