AB Nuvo Close above 1542 short term target comes @ 1563/1597 Buy above 1542 Tgt 1562,1575 and 1597 SL 1538 Sell below 1535 Tgt 1520,1508 and 1490 SL 1540 CESC 788-790 range can again be short term top for CESC and pullback can be seen till 732 Buy above 777 Tgt 782,788 and 792… Read More »
FII’s sold 6.5 K contract of Index Future worth 267 cores, 11.1 K Long contract were squared off and 2.8 K short contracts were squared off by FII’s. Net Open Interest decreased by 15.6 K contract , so FII squared off both long and shorts in Index futures. Nifty continued trading in hourly channel and on… Read More »
The language you use as a trader can provide either positive reinforcement through honest self awareness or negative results through demeaning self talk. In other words, when discussing your trading with others or in your journal become aware of how you view yourself. Do you see yourself as an amateur, a whipping post, a loser?… Read More »
Adani Any close above 521 short term target of 555. Buy above 521 Tgt 524.5,531 and 540 SL 517 Sell below 515 Tgt 509,502 and 492 SL 518 Adani Ports Buy above 301 Tgt 304,308 and 312 SL 299.5 Sell below 297 Tgt 294,292.5 and 286 SL 299.5 Bata India 1364… Read More »
FII’s bought 4.7K contract of Index Future worth 192 cores, 7.6 K Long contract were added and 2.8 K short contracts were added by FII’s. Net Open Interest increased by 4.7 K contract , so FII added both long and shorts in Index futures. Nifty again made a new high @ 8180, Volumes have been falling… Read More »
Axis Bank Any close below 411 stock is heading back to 397/390 in short term. Buy above 416.5 Tgt 418,421 and 424 SL 414 Sell below 413 Tgt 410.5,408 and 405 SL 414.5 Biocon Buy above 500 Tgt 504,510 and 515 SL 498 Sell below 497 Tgt 494,490 and 486 SL 499 CESC… Read More »
Bank Nifty Hourly Bank Nifty hourly charts is near its rising trendline support break of 15950 can see a downmove till 15750. Else new high is coming again holding 15950 Bank Nifty Hourly Elliot Wave Bank Nifty hourly EW is shown as above. Bank Nifty Daily Bank Nifty daily has given a textbook style… Read More »
Nifty Hourly Chart Nifty Hourly charts trading in channel and near channle bottom, Holding 8050-8030 range nifty can scale back to new high, else correction till 7950 on cards. Nifty Daily Chart Nifty daily chart is near its upper trendline and also Bulls indicator is making negative divergence suggesting caution at higher levels. Range… Read More »
Using the Similarity in Price Action of Year 2009 we are trying to analyze the way forward for Nifty in remaining of 2014 Bulls have been riding the Dalal street from Feb Month and got in momentum after May 16 election results. Analyst on Streets have been talking about 8500/9000 odd levels and every dip… Read More »
During my trading session, I always ask amateur traders to start trading in Nifty Futures instead of Stocks. Here is my reasoning. You do not have to diversify with multiple stocks for equity exposure, the index is already diversified. The risk of any one stock having something catastrophic happen will not really hurt your trade.… Read More »