FII FnO Data Analysis for 01 Oct

[ Tuesday, September 30 | 0 comments ]
FII_1
  • FII's bought 5.7 K contract of Index Future worth 232 cores, 8.5 K Long contract were added  and 2.7 K short contracts  were added by FII's. Net Open Interest increased  by 11.2  K contract , so FII added both long and short in index futures.
Nifty has as expected volatile day , but as per Gann Box it continued trading in Yellow and Green line suggesting range bound volatile move. 7921/7911 have become an important demand zone  and on upside 8030/8060 range have become the supply zone, closing above or below this range can quickly give a move on 100+ point.  We have 3 trading holidays so try to avoid ...

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AB Nuvo, IDFC and Union Bank trading plan

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A B Nuvo

Ab Nuvo
Holding 1631 stock can bounce back to 1686/1741.

Buy above 1645 Tgt


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How to trade Nifty in RBI event

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FII_1
  • FII's bought 2.4 K contract of Index Future worth 99 cores, 6.3 K Long contract were squared off and 8.7 K short contracts  were squared off by FII's. Net Open Interest decreased  by 15  K contract , so FII squared off both longs  and shorts in Index futures also shorts were added almost  in 1:1.8 ratio.
Nifty consolidated today after 3 of big range moves,formed an inside day pattern signalling market is ready for big move tomorrow after RBI policy is announced ,We have Monthly closing tomorrow bulls would like to see a close above 8000. 8088/7909 are 2 numbers should be watched tomorrow.  EW analysis is shown below.Nifty Future premium  came down before

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Nifty Weekly Outlook for 29 Sep - 01 Oct

[ Sunday, September 28 | 0 comments ]
Last week we gave  Nifty Chopad level of 8100 and Nifty did 3 target on downside rewarding trend followers by 179 points, Coming week has only 3 trading days so trading will be limited, S&P upgrade was a big positive for India and Our PM meeting Obama will be keenly watched by market so market will trend to be volatile in next 3 trading session, If your capital is small better avoid trading for next 3 trading session.

 Nifty Hourly Chart

nifty hourly
Nifty Hourly charts made a V shaped recovery from channel bottom now facing resistance in zone of 7990-8020 range which is 21/34 ema confluene, Closing above it only can see an upmove till new highs.Move will be volatile in small trading range.

Nifty Hourly Elliot Wave Chart

Nifty Hourly EW
Hourly EW is showing correction is over and rise can be seen till 8110 odd levels.

 

Nifty Price Channel

NIfty Price Channel

 

As per Price Channel concept Nifty is entering in zone of

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The Human Psychology behind Day Trading

[ Saturday, September 27 | 0 comments ]
Market has been Topsy turfy in past 4 trading session and we have a long trading weekend coming ahead which should be used by traders in productive manner to improve trading, Let me discuss a real life incident of my student how he was afraid of trading and how after going through the training he transformed himself in a profitable trader.The same story repeats with many traders and hope the example described below can help you in improving your trading.
Band new Trading day has started and Rahul was ready to trade, As market opened Rahul can see his trade set up giving a Buy Signal but Hesitation gripped Rahul’s tensed hand. He couldn’t decide when to enter this trade. His trading plan said he had really gone past the entry point he should have taken. But he had hesitated – what if he was wrong? He decided to wait and track it just a little longer – just to be safe. This was the story of his trading life – waiting on the sideline frozen by his fear of uncertainty. “If I stay on the sideline, I’ll be safe,” he consoled himself. He watched the price go higher and higher. Still he hesitated.
But as he hesitated on the sideline pondering this trade, Rahul also began to fear he was missing out on a profitable trade – he wanted in. He felt the urgency build. “Just a little more proof”, his tentative side whispered in his ear. “Get in this trade before it’s too late!” urged another impulse, “Sitting on the sideline isn’t getting you...
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