Here are two things that China’s government wants very badly: first, for its economy to remain on an even keel, keeping growth and employment high. Second, for its currency, the renminbi, to become a pre-eminent global currency that helps promote the country’s diplomatic goals and solidify the country’s centrality to the global economy. Frequently those… Read More »
Submitted by Michael Lebowitz via 720Global.com, Second Verse, Same as the First, a Little Bit Louder and a Little Bit Worse China surprised the financial markets on August 11, 2015 by devaluing their currency, the Renminbi (CNY), the equivalent of 2% versus the U.S. Dollar (USD). This is the largest daily move in the CNY… Read More »
HDFC Intraday Traders can use the below mentioned levels Buy above 1294 Tgt 1300,1308 and 1316 SL 1290 Sell below 1279 Tgt 1270,1260 and 1220 SL 1285 Biocon Positional/Swing Traders can use the below mentioned levels Unable to close above 466 target 450/432 Intraday Traders can use the below mentioned levels Buy above 463… Read More »
FII’s sold 35 K contract of Index Future worth 857 cores ,16.8 K Long contract were squared off by FII’s and 18.1K short contracts were added by FII’s. Net Open Interest increased by 1.2 K contract, so today’s fall in market was used by FII’s to exit long in index futures and enter shorts .When You… Read More »
Failure is part and parcel of trading but till a certain limit. At first if you don’t succeed, try, try again. And when you fail as a trader repeatedly fail and bust your trading account, is it’s wise to continue trading ? Long ago psychologists mapped out something called the inverted U theory of stress and… Read More »
Risk assets got back in the groove last week, as policy makers once again managed to keep spooky realities from coming out of the closet. Greece not only chickened out but also surrendered to Troika, in order to secure more debt from Euro zone to repay Euro zone and IMF. The fear of unknown has… Read More »
HUL Positional/Swing Traders can use the below mentioned levels Close below 898 target 870/843. Intraday Traders can use the below mentioned levels Buy above 909 Tgt 913,917 and 925 SL 906 Sell below 901 Tgt 898,893 and 888 SL 904 PNB Positional/Swing Traders can use the below mentioned levels Close below 157 target… Read More »
FII’s bought 19.1 K contract of Index Future worth 613 cores ,18.7 K Long contract were added by FII’s and 338 short contracts were squared off by FII’s. Net Open Interest increased by 18.4 K contract, so today’s market was used by FII’s to exit shorts in index futures and enter longs. Overcoming Emotions As Trader… Read More »
Emotions play perhaps the biggest role in determining whether a trader ultimately succeeds or fails. Developing a working system is an ability that most traders ultimately develop. Some people even develop or find excellent trading systems that only need to be followed exactly as the system is intended to be followed, and the trader will make… Read More »
Tata Motor Positional/Swing Traders can use the below mentioned levels Close above 398 target 411. Intraday Traders can use the below mentioned levels Buy above 399 Tgt 403,408 and 412 SL 396 Sell below 390 Tgt 386,382 and 377 SL 393 Bank India Intraday Traders can use the below mentioned levels Buy above… Read More »