Nifty closes below 20 DMA, How to trade Nifty

FII’s sold 12451 contract of Index Futures worth 427cores (21.6 K longs were squared off and 9.2 K shorts were squared off for  Index Future) with net OI decreasing by 30.8 K contracts. So today’s FII’s exited both long and shorts in Index future. Nifty closed below its 20 DMA which is bearish in short term, … Read more Nifty closes below 20 DMA, How to trade Nifty

How to deal with Whipsaw in trading

1. Do not be overly concerned about whipsaws a good trend pays for them all. A whipsaw is when you enter a position but get stopped out quickly when the market reverses opposite to your position.  If you are a trend trader this may happen many times in a row in a range bound market.  … Read more How to deal with Whipsaw in trading

Adani,Coal and Mcleod intraday trading analysis

Adani Enterprises Buy above 435 Tgt 438.7,445 and 450 SL 432 Sell below 431 Tgt 428.5,424.5 and 418 SL 434   Coal India Buy above 301.2 Tgt 304,306 and 308 SL 300 Sell below 297.5 Tgt 296,293 and 289 SL 299   Mcleod Russel Any close above 288 short term target comes at 300 and … Read more Adani,Coal and Mcleod intraday trading analysis

Bank Nifty Weekly Elliot,Gann and Fibo analysis

Last Week we gave Chopad level of 12836 M Bank Nifty made low of 12238 , did all 3 target on upside cool 364 points gained :), We have Fed meeting coming up next week , so markets will remain volatile Lets analyze how to trade bank nifty in next 3 trading sessions. Bank Nifty … Read more Bank Nifty Weekly Elliot,Gann and Fibo analysis

Nifty Weekly Elliot,Gann and Fibo analysis

Last Week we gave Chopad level of 6790, Nifty did 1 target on upside . Next week Thursday is a Holiday. Lets analyze how to trade Nifty for next 4 trading sessions. Nifty Hourly Chart   Nifty Hourly charts has trading near  its 50 HDMA, 6747-6743  will play an important role in coming week,taking support … Read more Nifty Weekly Elliot,Gann and Fibo analysis

Stock market movement prior and after Lok Sabha election

In our last post Nifty reaction to Lok Sabha election results we had a discussion on various scenarios which are possible. Lets discuss who can an “Investor” also use the Lok Sabha election event to rejig portfolio. In an election year, equities usually go up in the run-up to elections, and Market will always give Thumb … Read more Stock market movement prior and after Lok Sabha election