Monday, December 31

FII Derivative Analysis for Nifty Future trade on 1 Jan 2013

FII


1. FIIs  sold 8221  Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 250.46 cores with net Open Interest decreasing by 6665 contracts.
2. As CNX Nifty Future was down by 3 points with Open Interest in Index Futures decreasing by 6665, so FIIs have booked profit in longs  in  Nifty and Bank Nifty Futures.Nifty Futures  has been trading in tight range with  lowest volume of 2012 as most of FII have gone for holidays.

3. NS closed at 5905 after making high ...


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Biggest Trading Mistakes in Stock Market

2012 will be an History after 11 Hours. As a Stock market trader we need to evolve as per market dynamics and be prepared to hit your goals. Traders should do brain storming and self evaluation to highlight the mistake which can ruin their trading account if not contained.Below are few mistakes traders should avoid once for all.
  • Shorting the Hottest and momentum stock in the market: I know many traders who lost fortune shorting Karnataka Bank, United Spirits. If you ask the reasoning behind shorting momentum based stocks reason will be as follows
                                          a) Fundamental does not support this stock price.
                                          b) Price cannot go higher than this.
                                          c) It overbought price has to correct.
Stop trading based on your...

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Sunday, December 30

Nifty Weekly Technical Analysis for 2013 Part II

Fibonacci technique

Fib retracements

Fib Retracement


Fibonacci Ratios are drawn in above chart from 5548-5965 showing Fibonacci support and Fibonacci resistance.  Close above 5965 is required for a breakout and support now exists at 5871and 5823.



Fibo Fans

As discussed earlier Fibonacci fan..

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Nifty Weekly Technical Analysis for 2013 Part I

Nifty gave then Highest Weekly Close in last two Years (2011-2012).Nifty and Sensex continued with there consolidation phase, positive takeaway from last week’s movement is that the Sensex is holding above 19,000 and the Nifty continues above 5,825 which gives bullish touch this phase of consolidation. All eyes on US fiscal cliff talks which are going on in US? All Financial Markets are having eyes on Will US be able to avoid the Fiscal cliff? Want to Know what is Fiscal Cliff (The Fiscal Cliff Explained http://bit.ly/VJAcSS)
Lets discuss Nifty Trading Strategy for Next week.

 Nifty Hourly Chart

Nifty Hourly

Nifty continues to trade above or below the important 50 Hour SMA , as discussed in last post till 5930-5830 is not crossed either stay out of trade or buy support sell..

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Saturday, December 29

The Fiscal Cliff Explained

Fiscal Cliff means there is a limit over which government can borrow, once the limit is breached automatic reduction in government spending and tax increases come in effect.
So Basically Fiscal Cliff is an increase in taxes & reduction in government spending
On or around Jan. 1, about $500 billion in tax increases and $200 billion in spending cuts are scheduled to take effect. That’s equal to about four percent of GDP and can bring US economy back into recession.
So to avoid such disaster  US Senate will be working on Sunday ie 30th December which has happened only 18 times since 1880. If Senate is unable to come to a viable solution and fiscal cliff limits

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Is day trading gambling?

This kind of get-rich-quick thinking is hard to shake, and it keeps many traders from reaching their full potential.
The Danger of Gambling Psychology in Trading
If you trade like a gambler, you’re bound to lose money. You’ll make bad trades. You’ll throw good money after bad. And eventually, you’ll find yourself wondering where all your money went.
Fortunately, there are a few simple mindset shifts that can turn your trading around, sometimes overnight.

Mindset Shift #1: Don’t Chase Trades; Let Them Come to You
Gambling produces some strange responses in people.


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Friday, December 28

Intraday Stock Trading:SBI,Canara Bank and Tata Motors

Opportunity does not travel on any schedule, you have to watch for it
Trader's job is to wait for an opportunity that can deliver explosive profits. Hence, this is a business of patience (waiting for a good opportunity). Few good trades in a month are all that one needs to make big bucks. Trying to trade every small move (read overtrading) only leads to underperformance, frustration and stress. The goal is not to trade often but trade well.
Trader needs a different mindset for this - Patience, and Boredom


Tata Motors

Tata Motors
Tata Motors gave a breakout above 287 as discusses in previous post, rallied till 314 which was trendline resistance and pulled back. Stock is trading in its channel breakout comes either above 315 or breakdown below 303.
Intraday and swing  traders can use the below mentioned levels:

Buy above 310..


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Thursday, December 27

FII Derivative Analysis for 28 Dec Trade in Nifty Future

FII
1. FIIs  sold 15149  Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 426.74 cores with net Open Interest decreasing by 295045 contracts.
2. As CNX Nifty Future was up by 34 points with Open Interest in Index Futures decreasing by 295045, so FIIs have squared off position due to expiry.Do not get surprised with such a big decrease in OI its normal after every expiry. Nothing much to read into this.

3. NS closed at 5870 after making high ...

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Wednesday, December 26

FII Derivative Analysis for Dec 2012 Expiry

FII

1. FIIs  bought 5766  Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 163.02 cores with net Open Interest increasing by 77028 contracts.
2. As CNX Nifty Future was up by 48 points with Open Interest in Index Futures increasing by 77028, so FIIs have created longs  in  Nifty and Bank Nifty Futures.As discusses yesterday we have formed an NR7 day and today should be range day and nifty rallied when it mattered the most.

3. NS closed at 5905 after making high ...

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Successful Traders Secret

Great traders are often thought of as talented anticipators of direction or momentum, or as exceptionally skilled risk managers, which many are. But an often overlooked trait which should always be mentioned is the successful trader’s ability to control emotions.
Use Your Head!

I definitely think every trader struggles with controlling our emotions from time to time, and it is one hurdle which trips up many would-be traders that never choose to get beyond it. And it is a choice – either you control your emotions, or your emotions control you.

I know traders  who broke keyboards over a Rs 10000  loss, and I’ve seen guys who can literally take a nap when up 6 figures on the day they are so cool, calm and relaxed – just total control. The difference between them wasn’t their account size either – it was in their minds.


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Nifty Futures and Bank Nifty Future trading strategy for 26 Dec

FII

1. FIIs  bought 5565  Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 178.28 cores with net Open Interest increasing by 25987 contracts.
2. As CNX Nifty Future was up by 12 points with Open Interest in Index Futures increasing by 25987, so FIIs have created longs  in  Nifty and Bank Nifty Futures.Nifty Futures  has been trading in tight range with very low volumes as most of FII have gone for holidays.

3. NS closed at 5856 after making high ...

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Stock Trading Information:Adani Ent,Rel Cap and Tata Motors DVR

Market (Read boss) is always right, no matter how illogical he/she may sound. Never fight with the market. The price on the screen should be the guide, and not the price in your mind. Always have healthy respect for the market and never keep your focus away from the goal - TRADE WELL.
Markets can do crazy things at times and the only self defense a trader can employ - Discipline. Remember, it is the discipline and passion for markets that keeps trader in the market for long run. The moment you lose discipline or passion for markets - you are done.


Adani Enterprises

Adani Ent

Adani had a spectacular rally till 296 and Fall down heavily on Gujarat election day and we cautioned readers for a fall, Stock took support at risisng trendline and holding the same bounce back can be expected.

Buy above 277 Tgt...


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Monday, December 24

FII Derivative Analysis for 24 Dec

FII


1. FIIs  sold 4724  Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 123 cores with net Open Interest increasing by 20990 contracts.
2. As CNX Nifty Future was down by 77 points with Open Interest in Index Futures increasing by 20990, so FIIs have booked longs and created fresh shorts in  Nifty and Bank Nifty Futures.

3. NS closed at 5848 after making high ..

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Stock trading recommendations:ICICI Bank,SBI and Ranbaxy

One technical indicator one should always ignore: overbought and oversold. It generally has very little relevance.
The best strategy - one should always have an open and neutral mindset all the time to take advantage of market opportunities

SBI

SBI

SBI broke 2238 made a rally till 2407 and pulled back.Now Resistance will become support so the falling trendline at 2320 will act as support.

Buy above 2347 Tgt...



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Sunday, December 23

Bank Nifty Trading Strategy

RBI policy came but Bank Nifty still remained in trading range of 12600-12200. As discussed last week bank nifty was unable to close above the trendline resistance of 12540. Technically till 12540 is not crossed pullback till 12200 is very much on cards. This is what we discussed last week and Bank Nifty made high of 12571 and low of 12200 so we were able to catch the top and bottom of Bank Nifty :)

Bank Nifty Hourly

Bank Nifty Hourly
Bank Nifty hourly charts have pull backed from 12571 as discussed last week resistance at 12540. Bank Nifty has been trading in small range of 12200-12570.Breakout above 12600 and breakdown below 12200. Till this range is not broken better remain out of trade.


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NSE Nifty technical analysis for Expiry Week Part -I

Nifty and Sensex continued with there consolidation phase, positive takeaway from last week’s movement is that the Sensex is holding above 19,000 and the Nifty continues above 5,825 which gives bullish touch this phase of consolidation. RBI maintained its status quo and disappointed market once again with no tweaking with rates. Namo( Narendra Modi) became 3 time CM of Gujarat and his ambition to Delhi 2014 gave a boost. Next week being an Expiry week with Holiday on Tuesday.
Lets discuss Nifty Trading Strategy for Next week.

 Nifty Hourly Chart

Nifty Hourly
Nifty continues to trade below  the important 50 Hour SMA 5883 is the number to be watched for Monday.Till 5883 is not crossed bulls remain on backseat. Till 5825-15 is not broken convincingly bears will remain on backseat.  Basically we are in grinding range,best is to wait for the market to show direction before jumping into the...

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Nifty Technical Analysis for Expiry Week Part-II

Fibonacci technique

Fib retracements

Fib Retracement

Fibonacci Ratios are drawn in above chart from 5548-5965 showing Fibonacci support and Fibonacci resistance.  Close above 5965 is required for a breakout and support now exists at 5805 and 5756.




Fibo Fans
As discussed earlier Fibonacci fan helps in finding potential tops and Bottom of market from short term prospective. If we see the chart closely with Fibonacci fans...

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Saturday, December 22

Secret of Successful Trading

I have interacted with many traders and first question i ask them during my interaction with them How much return you are expecting out of the market?
I get some weird answer like 50% ,100% on monthly basis and little sensible answer like 15-20%. So lets discuss a scenario to understand risk management in trading and returns expecting out of trading
Let’s say two successful PMS (Portfolio Management Service)  approach you with the opportunity to invest and trade with them.
Both of these fund managers have been very successful over the past five years.  In fact, they have both achieved an identical average annual return of 50%.
The key difference is that
  • Fund Manager A shows his trade-by-trade record and you see that he has booked a profit on an incredible 80% of his trades!
  • Fund Manager B, on the other hand, actually had many more losing trades than winning trades.  His winning percentage was just 25%.

With this information, which fund manager would you choose to invest with?

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How to trade using Trend Lines in Stocks Charts

TREND LINES

Technical analysis is built on the assumption that prices trend. Trend lines are an important tool in technical analysis for both trend identification and confirmation. A trend line is a straight line that connects two or more price points and then extends into the future to act as a line of support or resistance. A proper trend line has to connect two or more peaks or troughs; otherwise, it will be drawn
in space and will have no significance.

UP TREND LINE



An uptrend line has a positive slope and is formed by

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Thursday, December 20

Daily Trading Strategies:Adani Ent,Adani Port and Adani Power

Market (Read boss) is always right, no matter how illogical he/she may sound. Never fight with the market. The price on the screen should be the guide, and not the price in your mind. Always have healthy respect for the market and never keep your focus away from the goal - TRADE WELL.
Markets can do crazy things at times and the only self defense a trader can employ - Discipline. Remember, it is the discipline and passion for markets that keeps trader in the market for long run. The moment you lose discipline or passion for markets - you are done.

Adani Enterprises

Adani Ent
Gujarat election results today and Adani group of stock will be favorite among traders. Modi win will boost the stocks in intital phase of market and they may see some profit booking at later half of session as these stock have seen a good run up.
Adani Enterprises stock has broken its resistance of 280 and is heading towards 300 and 320 where next level of supply would be coming.

Buy above 295 Tgt...



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Tuesday, December 18

S&P CNX Nifty Trading Strategy after Banking Bill passes in Lok Sabha

FII

1. FIIs  sold 498 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 14.31 cores with net Open Interest increasing by 18570 contracts.
2. As CNX Nifty Future was up by 40 points with Open Interest in Index Futures increasing by 18570, so FIIs have created longs  in  Nifty and Bank Nifty Futures.Do note FII did more of day trading today, I have cautioned ...

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Monday, December 17

How to trade Nifty on RBI policy day

FII
We have RBI policy tomorrow and as a caution i would advise traders specially Intraday take traders after the policy is announced, Volatility is always on cards before RBI comes out with decision and many traders will get whipsawed in the volatility. Best is to avoid trade.
1. FIIs  bought 2221 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 64.59 cores with net Open Interest decreasing by 779 contracts.
2. As CNX Nifty Future was down by 25 points with Open Interest in Index Futures reducing by 779, so FIIs have booked shorts  in  Nifty and Bank Nifty Futures.Nifty showing directionless movement in today’s...

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Stock Trading Recommendations:Adani Ent,Adani Ports and Hind Zinc

Trading is one business that can give you highs and lows pretty quickly. It is in these highs and lows, traders make stupid mistakes like getting overcautious in lows and throwing all caution to winds in highs. A trader should never get carried away or bogged down by success and failure. Remember, trading is a journey and one bad mistake can wipe you out of business. Hence, as a rule, one should never get carried away; and focus should be on trading capital all the time.
Sometimes, it is better to miss an opportunity than lose capital. The focus is to make money while preserving capital.

Adani Enterprises Limited

Adani Ent
Adani group stocks will be in limelight as Gujarat Election results will be coming. Stock has rallied from 216-280 in anticipation of Modi's win.Strong support at 261.

Buy above 271.6 Tgt...


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Bank Nifty Technical Analysis

RBI policy is on 18 Dec and decision on rate cut will be out. bank Nifty is on a crucial juncture of make or break level of 12450. As discussed last week bank nifty was unable to close above the trendline resistance of 12540. Technically till 12540 is not crossed pullback till 12200 is very much on cards.


Bank Nifty Daily Chart

Bank Nifty
Bank Nifty crossed its long term trendline resistance of 12250 and closed above it on weekly basis, now 12250-12300 will become the support for Banknifty as seen in last week  fall. Resistance now comes at 12540 and unable to cross the same  pullback should be expected from that level.



Bank Nifty Fibo Fan Chart


Bank FF

As per Fibonacci Fan theory 12300...

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Sunday, December 16

Nse Nifty Fibonacci time and price analysis

Fibonacci technique

Fib retracements

Fib Retracement


Fibonacci Ratios are drawn in above chart from 5548-5965 showing Fibonacci support and Fibonacci resistance.  Close above 5965 is required for a breakout and support now exists at 5805 and 5756.


Fibo Fans

As discussed earlier Fibonacci fan helps in finding potential ...

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NSE Nifty technical analysis and trading stratergy Part -I

Nifty and Sensex continued with there consolidation phase, positive takeaway from last week’s movement is that the Sensex is holding above 19,000 and the Nifty continues above 5,825 which gives bullish touch this phase of consolidation.  Another positive which can be taken from the last week trading activity is full subscription of  NMDC FPO with out much LIC help and full subscription of Bharti Infratel IPO.Not much satisfaction can be derived from the sharp increase in October industrial production numbers since it is mainly due to the low base last year. While consumer price inflation continued to be high, there was slight moderation in the Wholesale Price Inflation. Nifty F&O analysis is showing a bullish picture Lets discuss Nifty Trading Strategy for Next week.

 Nifty Hourly Chart

Nifty Hourly
Nifty continues to trade below  the important ...

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Friday, December 14

S&P CNX Nifty Trading Strategy after double bottom formation

FII

1. FIIs  sold 4770 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 134.12 cores with net Open Interest increasing by 560 contracts.
2. As CNX Nifty Future was up by 38 points after 5 days of losing streak with Open Interest in Index Futures increasing by 560, so FIIs have booked shorts  in  Nifty and Bank Nifty Futures.WPI data was a surprise coming at just 7.24% and it has increased the rate cut hope on 18 Dec. FII did lot of day trading today as FII average is coming at 5623.

3. NS closed at 5878 after making high of 5886 and low of 5839,Again Today Nifty has formed a double bottom which is a bullish formation and if 5839 is not broken for next 3 days. Yesterday i have discussed of 5841 and today low 5839 and a rally after WPI data came. Nifty is showing sign of strength and shorts should be avoided till 5825 is not broken. When...

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How traders Make Money Shorting Stocks

Many traders think money can always be made on long side but with this ever changing financial market dynamics money can be made in everyone of market irrespective of Long trade or short trade.
When it comes to shorting stock or Index futures , many people are in the dark. It is more challenging to be short, subject to squeezes; the return max out at 100% — versus unlimited upside for longs.
Shorting stock definition:Shorting means selling first the borrow stock and buying later at lower price. The difference between selling and buying at lower price is termed as profits excluding brokerage and slippage.


Basic Rules for Shorting Stocks which should be followed by traders.

1. Never short a  ...

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Technical Intraday Swing Calls:Axis Bank,JSPL and PTC

Don’t take action with a trade until the market, itself, confirms your opinion. Being a little late in a trade is insurance that your opinion is correct. In other words, don’t be an impatient trader.


PTC

PTC

PTC is showing very bullish sign as it took support at 71.5 which is support of rising trend line. Stock has resistance at 74.8 crossing the same 78-80 is on cards in short term.

Buy above 72.8 Tgt...




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Thursday, December 13

Nifty and Bank Nifty trading strategy

FII
1. FIIs  sold 11822 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 349.83 cores with net Open Interest increasing by 8250 contracts.
2. As CNX Nifty Future was down by 51 points with Open Interest in Index Futures increasing by 8250, so FIIs have created fresh shorts  in  Nifty and Bank Nifty Futures.WPI data will come tommrow at 11 AM. Expectation is 7.6

3. NS closed at 5852 after making high of 5907 and low of 5841,Today Nifty has formed a double bottom which is a bullish formation if ...

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Wednesday, December 12

Nifty Future Trend for 13 Dec

FII
1. FIIs  sold 2604 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 75.99 cores with net Open Interest increasing by 15696 contracts.
2. As CNX Nifty Future was down by 0.15 points with Open Interest in Index Futures increasing by 15696, so FIIs have booked profit in shorts and also created fresh longs in  Nifty and Bank Nifty Futures.IIP data showed green shots are coming in Indian economy but it also fades the hope of rate cut by RBI
3. NS closed at 5888 after making high of 5925 and low of 5874, The pattern exhibited by Nifty is favoring both Bulls and bears, Let me elaborate...

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Short Term Trade:Adani,DLF and IDFC

A good way to start each trading day is by asking some questions:

Where are the opportunities today?

Are there any impending risks to my positions?

Where might the opportunities or risks develop?


Adani Enterprises Limited Adani Ent

With Gujarat Election less than a Week away Adani is on a Roll as Narender Modi's win will be beneficial for the stock. Stock is approaching a crucial trendline resistance of 275. Unable to cross the same Pullback should be expected.

Sell below 269 Tgt

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Tuesday, December 11

CNX Nifty Future Trading Stratergy for 12 Dec



1. FIIs  bought 16200 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 487.18 cores with net Open Interest increasing by 3886 contracts.
2. As CNX Nifty Future was down by 14 points with Open Interest in Index Futures increasing by 3886, so FIIs have booked profit in shorts and also created fresh longs in  Nifty and Bank Nifty Futures.

3. NS closed at 5899 after making a  new 52 week high of 5965 and low of 5865, bounced back sharply. As discussed 5825 is not broken every dip in market needs to be bought. Nifty has again formed an NR7 day so expect a good move tommrow as discussed yesterday and today we had the much ex ...


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Monday, December 10

CNX Nifty Future Trading Strategy for 11 Dec




1. FIIs  bought 3490 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 103.10 cores with net Open Interest decreasing by 7450 contracts.
2. As CNX Nifty Future was down by 2 points with Open Interest in Index Futures decreasing by 7450, so FIIs have booked profit in shorts in  Nifty and Bank Nifty Futures.It seems FII's have entered the Holiday m..


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Bank Nifty Daily ,Weekly and Monthly Chart Analysis

Readers have been requesting a through analysis for Bank nifty, So below is the technical analysis of Bank Nifty in all time frames so as to understand the future move and milking money out of the next move.


Bank Nifty Daily Chart


Bank Nifty crossed its long term trendline resistance of..

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CNX Nifty Trading Stratergy for 10 Dec


1. FIIs  bought 12403 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 369.46 cores with net Open Interest increasing by 9919 contracts.
2. As CNX Nifty Future was down by 25 points with Open Interest in Index Futures increasing by 9919, so FIIs have created fresh shorts in
    Nifty and Bank Nifty Futures.FDI in Multi brand retails became an...

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Sunday, December 9

Weekly Technical Analysis: NSE Nifty Part -II

Fibonacci technique

Fib retracements



Fibonacci Ratios are drawn in above chart from 4555-5633 showing Fibonacci support and Fibonacci resistance. 5945Fibonacci resistance on Weekly basis as discussed last week. Nifty made a High of 5949 fall back all way to 5839 before recovering till 5907. Still 5953 will be a tough resistance to cross.

As discussed earlier Fibonacci ...

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Weekly Technical Analysis: NSE Nifty Part -I

After such an stupendous rise consolidation will be the name of game for the coming week, This is what we discussed last week analysis and Nifty made minor gains of 27 points in last week trading.
Industrial production on 12 Dec and wholesale price inflation numbers on 14 Dec would be seen with close eyes as these number will give Hint of RBI rate cut decision in December credit policy meet. Government’s ability to pass at least few of the pending bills on economic reforms in the ongoing parliamentary session and the response to the IPOs will also set the tone for trading in the week ahead.

Lets discuss Nifty Trading Strategy for December Month.

 Nifty Hourly Chart


I have discussed the importance of 50 HMSA ...

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Saturday, December 8

Nifty Future Trading System

Nifty Range technical trading system or Time Trade System  helps a trader to trade nifty profitably. The core concept of trading system lies in the fact that
  • Nifty remains in a range of  60 points for at least 10-13 trading session in an particular month expiry.
  • We have at most 5 trading days when Nifty futures has trading range more than 80 points.
Keeping the above points  into consideration we have developed  Time Trade System  Intraday technical trading system.
Before we start discussing about the rules of system lets first understand why trade in Nifty Futures.

Why Trade NSE Nifty 50  Index Futures?

  • Nifty is bunch of 50 stocks for diversified sectors like Financials, Pharma Oil and Gas etc. so Nifty provided whole market or sector.
  • Nifty futures give good leverage and have very good liquidity.
  • Trading in Nifty Futures be used with a variety of trading strategies,technical trading systems and different financial objectives.
  • Trader who prefer high volume trading in stock...
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Tuesday, December 4

Nifty Trading Strategy for 05 Dec



1. FIIs  sold 8967 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 251.05 cores with net Open Interest increasing by 4927 contracts.
2. As Nse Nifty Future was up by 2 points with Open Interest in Index Futures increasing by 4927, so FIIs booked profits in longs of  Nifty and Bank Nifty Futures.

3. NS closed at 5889 after making a high of 5895 and low of 5859 and typically forming an..

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Monday, December 3

Nifty Trading Strategy for 04 Dec



1. FIIs  sold 8967 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 251.05 cores with net Open Interest increasing by 4927 contracts.
2. As Nse Nifty Future was up by 2 points with Open Interest in Index Futures increasing by 4927, so FIIs booked profits in longs of  Nifty and Bank Nifty Futures.

3. NS closed at 5871 after making a high of 5899 and low of 5855. Bull looks tired after fast and furious rise and consolidation will be name of game. With Political bickering going all around volatility will also be...

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Sunday, December 2

NSE India Nifty Trend Analysis -03 Dec 2012 Part -II

Fibonacci technique

Fib retracements



Fibonacci Ratios are drawn in above chart from 4555-5633 showing Fibonacci support and Fibonacci resistance. 5945Fibonacci resistance on Weekly basis

As discussed earlier Fibonacci fan helps in finding...

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NSE India Nifty Trend Analysis -03 Dec 2012 Part -I

Indian Markets finally gave a 4.5% rally which we have discussed in last week analysis as per Moving Average Forecasting method. On Macro front Not much has changed with the continuing political impasse, GDP growth at three year low of 5.3 per cent for the September quarter and rupee on a downward spiral. But that's the beauty of stock market as stock price movement is just collective emotional response of millions of traders and investor  and one can not expect rational explanation for all market moves, But technically we can justify the move in prices and forecast ahead whats on cards.
Lets discuss Nifty Trading Strategy for December Month.

 Nifty Hourly Chart


Nifty Hourly charts  has formed a clear negative ...

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