Pattern, Price and Time: Using Gann Theory in Technical Analysis
LT Rising wedge formation in Larsen, Buy above 1295 Tgt 1307,1324 and 1350 SL 1290 Sell below 1279 Tgt 1263,1250 and 1237 SL 1290 ICICI Bank Any close below 1220 stock is heading towards 1180 and 1131 odd levels.Holding 1220 stock short term target comes at 1300. Buy above 1235 Tgt 1244,1255 and 1265 … Read more
FII’s sold 3481 contract of Index Futures worth 122 cores (1.7 K longs were squared off and 1.7 K shorts were added Index Future) with net OI increasing by 79 contracts. Nifty made a new life high again today 6676 10 day in a row.Nifty today was unable to form higher low formation but took support … Read more
If there’s a single theme that dominates discussions of trading psychology, it’s discipline. Traders are routinely encouraged to control their emotions, stick to their processes, keep journals, whatever. If you lapse in your trading, it’s because you’re not sufficiently disciplined. Call it the puritanical approach to trading: if you don’t stick to the straight and … Read more
Titan Positional traders should look for close above 267 target of 280 and 288. Buy above 267 Tgt 269,271 and 275 SL 265 Sell below 264.5 Tgt 263.2,261.1 and 259 SL 265.5 Century Textile Buy above 368 Tgt 370.5,374.2 and 377 SL 366 Sell below 363.5 Tgt 360.4,357 and 350 SL 366 DRL Any … Read more
FII’s bought 6081 contract of Index Futures worth 225 cores (7.6 K longs were added and 1.5 K shorts were added Index Future) with net OI increasing by 9229 contracts. Nifty made a new life high again today 6763 ,and closed above its trendline. Nifty formed again today Hanging Man candle stick third day in row, … Read more
SBIN Buy above 1898 Tgt 1925,1950 and 1974 SL 1892 Sell below 1890 Tgt 1863,1850 and 1832 SL 1897 Tata Motors Buy above 404 Tgt 406,410 and 413 SL 402 Sell below 399 Tgt 396,392 and 389 SL 402 CESC Buy above 506 Tgt 511,515 and 519 SL 504 Sell below 501 Tgt 497,492 … Read more
FII’s bought 1017 contract of Index Futures worth 59 cores (3.7 K longs were squared off and 4.7 K shorts were squared off in Index Future) with net OI decreasing by 8477. So FII’s used today to exit both longs and shorts in Index Future. Nifty made a new life high again today 6732 ,and closed … Read more
No surprise from the Reserve Bank of India. The central bank kept its benchmark repurchase rate at 8 per cent. Economists had anticipated the RBI would keep interest rates at an elevated rate to combat inflation. Wholesale price inflation was down to 4.7 per cent in February, from 5.1 per cent in January, while consumer … Read more
Maruti Positional traders should look for close above 1985 for short term target of 2047 and 2100. Unable to do so stock is heading back to 1920 and 1850 odd levels. Buy above 1980 Tgt 1992,2013 and 2047 SL 1970 Sell below 1955 Tgt 1940,1910 and 1882 SL 1965 M&M Positional traders should look … Read more