Pattern, Price and Time: Using Gann Theory in Technical Analysis
FIIs sold Index Future of 2 cores with net Open Interest decreasing by 2995 contracts,with the Rupee going in downward spiral FII have just stop the fund flow to India and the reason we are seeing nominal selling in Index Futures and consistent selling of 100+ cores in cash market. Fall In Rupee is a … Read more
Don’t lose your stake. A speculator without cash is like a store-owner with no inventory. Cash is your inventory, your lifeline, and your best friend. Without cash, you are out of business. Don’t lose your line. There is no place in speculating for hoping, for guessing, for fear, for greed, for emotions. The tape tells … Read more
Last Week was a shocker from Macro Point of View as India’s gross domestic product growth slowed to 6.5% in 2011-12 (Apr-Mar) from 8.4% a year ago and Growth was just 5.3% lowest in last 10 years. From Global perceptive: The HSBC Purchasing Managers Index (PMI) for China fell to 48.7 in May from 49.3 … Read more
Today is crucial day for Nifty because we have 2 Important events lined up 1. Infosys Q2 Results to come at 9 AM 2. IIP data coming at 12 PM. So lets see How Nifty Technically poised before this 2 major events.. Nifty Hourly On Hourly chart Nifty is trading in a channel. Yesterday the … Read more
After the drubbing that Nifty received last week which was highly volatile where on Tuesday we are so close of breaking the 5169 level which is upper end of trading range but on Thursday we gave 4.5% in single session and eventually on Friday broke the lower end at 4900 and closed below it. Before … Read more
Human emotion is both the source of opportunity in trading and the greatest challenge. Master it and you will succeed. Ignore it t your peril. Nifty Hourly Nifty had a roller coaster ride today Rising almost 90 Points than falling -30 Points, Volatility is at its peak. Trend is down but its very difficult to … Read more
Nifty Hourly Chart Nifty Hourly Charts are showing selling near the falling trendline and now breakout has come on a close above 5905.On Hourly chart Nifty is SELL till it does not close above 5853 levels.As Nifty is Still trading above 5833 which is close of Last Expiry it is positive for BULLS. This Expiry … Read more