FII’s bought 16287 contract of Index Future worth 623 cores, 20.6 K Long contract were added and 4.3 K short contracts were added by FII’s. FII’s are approaching more from intraday perspective instead of positional view looking at OI data. Nifty as discussed yesterday analysis completed ABC correction, did an impulsive move today, now Nifty is near its… Read More »
Larsen and Tubro Close below 1648 stock is heading towards 1597, Close above 1686 short term target comes at 1741 Buy above 1660 Tgt 1673,1689 and 1713 SL 1650 Sell below 1648 Tgt 1634,1611 and 1594 SL 1655 Century Textile Buy above 538 Tgt 542,550 and 562 SL 534 Sell below 528 Tgt 522,516… Read More »
FII’s sold 458 contract of Index Future worth 15 cores, 11.9 K Long contract were added and 12.4 K short contracts were added So FII’s went in market with hedged positions adding equally in both Longs and shorts. Nifty after 10 days of consolidation broke on downside, and completed its ABC correction as shown in below chart. As… Read More »
Last Week we gave Bank Nifty Chopad level of 15046 and Bank Nifty did all 3 target on upside rewarding traders with 390 points, We have June Expiry Bank Nifty will likely to another volatile week ahead, lets analyze how to trade bank nifty in Expiry week. Bank Nifty Hourly Bank Nifty hourly charts is trading in a range, 15600- 14933. Breakout… Read More »
Last Week we gave Chopad level of 7589, Nifty did 1 target on upside and 1 target on downside in a highly volatile week. Movement in crude oil prices, the progress and the spread of the monsoon rains, trend in global equity markets and investment activity of foreign institutional investors will dictate near term trend… Read More »
“Good fortune is what happens when opportunity meets planning.” —Thomas Jefferson “Reduce your plan to writing. The moment you complete this, you will have definitely given concrete form to the intangible desire.” — Napoleon Hill “He who fails to plan, plans to fail.” However you want to look at it, or whomever you may want… Read More »
Must read for every kind of trader. Enjoy your weekend! What separates the 10% that make money from the 90% that don’t? 10,000 hours. The key to success in any cognitively complex field is, to a large extent, a matter of practicing a specific task for a total of around 10,000 hours. 10,000 hours equates… Read More »
Reliance Any close below 1042 stock is heading towards 1021,1008 and 987. Buy above 1050 Tgt 1060,1067 and 1074 SL 1042 Sell below 1040 Tgt 1025,1008 and 987 SL 1049 Crompton Greaves Buy above 199 Tgt 203,206 and 212 SL 197 Sell below 193 Tgt 190,186 and 180 SL 195 Tech M Stock… Read More »
FII’s sold 12.1 K contract of Index Future worth 460 cores, 2.7 K Long contract were added and 14.9 K short contracts were added So FII’s went aggressively short in index futures.My observation is – Institutions short – Big Bears Short – Market Falls – Big Bears Cover – Pigs Short -Institutions Cover – Market… Read More »
Structure your position sizes and stop losses in trades so that if you are wrong you will not lose more than 1% of your trading capital on any one trade. Reducing your risk per trade to 2% of trading capital would be a huge… Read More »