Pattern, Price and Time: Using Gann Theory in Technical Analysis
Reliance 932 is the level to watch for short term trader, Holding above it stock is heading to 953,966. Unable to hold it pullback till 898 is on cards. Buy above 943.5 Tgt 948.7,956 and 962 SL 940 Sell below 938 Tgt 935,930 and 922 SL 941 BHEL Buy above 186.8 Tgt 188.5,190.8 and … Read more
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
DLF Stock trading near its 200 DMA,157 holds the key close above it stock is heading to 165 Buy above 155.5 Tgt 157.2,159.5 and 162 SL 153.2 Sell below 151.5 Tgt 149.1,147.5 and 145 SL 153.2 Bata India Close below 1076 will be bearish for stock,with target of 1042 and 1021 Buy above 1100 Tgt … Read more
FII’s sold 6691 contract of Index Futures worth 237 cores (725 longs were added and 7.7 K shorts were added for Index Future) with net OI increasing by 8.4 K contracts. So today’s FII’s continue adding shorts in Index Futures. Nifty is entering the demand zone, with hourly charts entering oversold so if 6740-6745 is held … Read more
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
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
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
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
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
There was a boy named Masaru in Japan. When he was young, he wanted to learn & master Judo. Unfortunately, he lost his left hand after an accident. He became very sad. When his father saw his condition, he took him to one the Great Masters of Judo in Japan. After thoroughly analyzing Masaru, the … Read more