Nifty Future Trading levels for 1 Feb

1. FIIs sold 16409 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 458 cores with net Open Interest decreasing by 113531 contracts. Importance of Effective Trading Plan in trading profitably
2. As CNX Nifty Future was down  by 25  points with Open Interest in Index Futures decreasing by 113531, there is nothing major to  read in this as Last day of expiry FII do settle there positions we will get the clear picture from tomorrow's data.

3. NS closed at 6035  after making high of 6058 and low of 6025.As we have discussed yesterday we has a quiet expiry and in our expiry range of 6101-6010. Another Expiry with Nifty moving sideways but...


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Nifty Futures Jan Expiry Trading Stratregy

1. FIIs bought 10211 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 333.71 cores with net Open Interest increasing by 44721 contracts. How to Build Self Discipline in trading?
2. As CNX Nifty Future was up  by 11  points with Open Interest in Index Futures increasing by 44721  so FIIs again went long  in Nifty and Bank Nifty.  Traders do remember Mini Nifty Future will stop trading from tommrow and no rollovers can be made in Mini Nifty.
3. NS closed at 6056  after making high..

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Build Self-Discipline in Trading

Having self-discipline is having the ability to follow through on your plans and goals.  Often times we get tugged in various directions and enticed by making choices that don’t help us along our path to our goals and fulfillment.

“The path of least resistance is what makes all rivers and some men crooked.”   – Napoleon Hill

Self-discipline is the ability to make the conscious choice (ultimately it becomes a habit) of doing the thing that will move you towards your goal – and sometimes it’s the hard or unnatural or unpopular thing to do.  It’s foregoing instant gratification for the longer term objective.  Typically, however, people operate on autopilot and this is dangerous when you have not yet developed the right ‘habits’ for success.
In the trading game, you must have self-discipline. You must look at the entire forest and not focus on one tree.  If you get too caught up in each and every trade, you will lose sight of the larger goal.
The key is to care a ..

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Rewarding Trading Ideas:Century Textile,ITC and Jain Irrigation

Century Textile

Century textile is trading in a perfect down trending channel with support at 385 and resistance at 404. Yesterday fall was backed by volumes, If stock is able to hold range of 380 can see a bounce back till 400 odd levels.

Buy above 392 Tgt...

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Nifty Future Trading strategy for 30 Jan

1. FIIs bought 20837 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 669.78 cores with net Open Interest increasing by 13139 contracts.Want to Know What is your trading weakness ?
2. As CNX Nifty Future was up down by 27  points with Open Interest in Index Futures increasing by 13139  so FIIs booked profit in long  in Nifty and Bank Nifty at higher levels and entered again at lower level.Average FII Buying comes at 6048 and Average FII selling comes at 6112 which means FII shorted at Highs and entered again near the low of today. Smart play by them :)
3. NS closed at 6049  after making high...

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Technical Analysis:SBI,Axis Bank and PFC

SBI

SBI the main index contributor for Bank Nifty is very crucial juncture before the RBI policy, Stock has taken support at 2483 and resistance at downward trendline at 2533. Below 2483 stock can fall till 2424 odd levels and above 2533 2570 is on cards.

Buy above 2504 Tgt..

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Bank Nifty technical analysis before RBI Policy

Bank Nifty will be in focus today as RBI will unveil its credit policy today at 11 AM,  Market Participants , Government and Corporate India  have long standing expectations of an interest rate cut to boost sagging growth.
RBI said in its report on Macroeconomic and Monetary Developments issued yesterday “Given the preponderance of non-monetary factors behind the current slowdown in an environment where risks from high inflation, current account and fiscal deficits still remain, the scope for supportive monetary policy action is constrained"
As per above statement it has dimmed the hope of rate cut but final verdict will be out only at 11 AM as Mr. Subbarao is very unpredictable person in his action.
Lets see How Bank Nifty is technically looking before the Policy.

Bank Nifty

Bank Nifty gave a breakout above ...

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Nifty and Bank Nifty Future Trading strategy before crucial RBI Policy

1. FIIs sold 1730 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 36.20 cores with net Open Interest increasing by 29936 contracts.
2. As CNX Nifty Future was up by 3  points with Open Interest in Index Futures increasing by 29936 so FIIs created fresh long  in Nifty and Bank Nifty. Today we moved above trend changer level of 12734 of Bank Nifty and FII again created longs in Nifty and Bank Nifty future.
3. NS closed at 6075  after making high..

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Free Equity Tips for 28 Jan

Rel Infra

Reliance Infrastructure will be coming out with its results today.Stock has seen a good bounce back from 512 and came back in channel.Technically till 547 is not crossed stock will remain in pressure. As today results will come volatility will be the name of game in high beta Rel Infra.

Buy above 542 Tgt..

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Nifty Future Trading levels for 28 Jan

1. FIIs sold 9586 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 312.98 cores with net Open Interest increasing by 24218 contracts.
2. As CNX Nifty Future was up by 53  points with Open Interest in Index Futures increasing by 24218 so FIIs created fresh long  in Nifty and Bank Nifty. Friday we moved above trend changer level of 6026 and FII again created longs in Nifty and Bank Nifty future.
3. NS closed at 6075  after making high of 6080 and low of 6015. Nifty is just 5% away from its life time high which was recorded in 2007, Dow Jones is just 2% away from its life time high and with RBI governor..

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How to trade market before and after RBI Policy

Q3 results, RBI's monetary policy review will remain in focus next week and will decide the further trend of Nifty. Q3 numbers have been good till now with RIL and Maruti the major index beating street expectation, Next week ICICI and Rel Infra numbers will be in focus. This weak will be remembered for the butchering of mid cap stocks,HDIL IVRCL traders favorites stocks  were down 10-25%.  So eventhough Nifty is not correcting, retail traders can still feel the brunt of bears. FOMC meeting on 29-30 Jan will dictate the global markets as decision of Fed to cut on QE will be keenly seen by market participants (World Economic calender  for coming weeks Event Calender )
Lets discuss Nifty Trading Strategy for Next week.
  Nifty Hourly Chart

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Stocks with momentum:IVRCL,IRB and JSPL

IVRCL

IVRCL fell 21% yesterday on back of news of Killing of NHAI operator. Stock has broken important support level of rs 36 and closed at 33. Break of 31.7 can take further beating of stock 28-25 odd levels range.

Sell below 31 Tgt..

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Where is Bottom for HDIL?

HDIL

HDIL lead the carnage for Mid caps for 3 days in row. Stock is down 30% in last 3 trading sessions, as seen in chart below. It all started with HDIL VP selling 1 % promoter stake on Tuesday with deal valuing 57 cores. Market participants are thinking company is going bankrupt, VP has come on television and assured the sell is to fund land acquisition but market participant are not buying the story.  Lets see how the technical of the stock looks like


Above is the Daily chart of HDIL, stock has taken support at the 45 degree trendline, If support of 69-72 is held HDIL can give bounce back till 78 and 82 odd levels.

HDIL Fibo Fans

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WIll Nifty Break 6000 ?

As Nseindia has still not provided the FII data I am discussing the data analysis without using FII Data stats

•  NS closed at 6019  after making high of 6065 and low of 6008. Nifty bounced from our support level of 6000 as discussed yesterday.  Nifty is holding 6000 with terrible breadth, Few stocks like Infy, ONGC,RIL have held the nifty but mid and small caps have just been brutalized. The trend started by HDIL will now follow through to all stocks who have pledged there shares like Jain Irrigation,IRB, Everon and many other mid caps and small cap stocks. Never try to catch a falling knife from trading perceptive so better to avoid such scripts from time being.

Resistance for Nifty has come up to ...

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Trading and Intuition

I’ve heard from many traders that they often take decisions based on instincts. Actually, all non-quants use intuition in some form or another. If you are not using a program that takes all signals that your system produces, how do you decide between several equally good looking trading setups with similar risk to reward? Do you take them all or do you concentrate on only a few? The odds are that you are doing the latter and your ultimate choice for capital allocation is subconscious.

Even though we are defined by our decisions, we are often completely unaware of what’s happening inside our heads during the decision-making process.

Feelings are often an accurate shortcut, a concise expression of decades’ worth of experience.

The process of thinking requires feeling, for feelings are what let us understand all the information that we can’t directly comprehend. Reason without emotion is impotent.

This is an essential aspect of ...

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Trading Tips in Stock futures

Larsen and Tubro

LT will be coming out with its results today.Stock has formed a DOJI pattern yesterday with support coming at long term support trendline at 1545, but on flip side stock is trading below its important moving average. Today result will give the jury out on further moves of the stock.

Buy above 1570 Tgt...

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How to trade in nifty and Bank Nifty on 24 Jan

1. FIIs sold 10055 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 297 cores with net Open Interest decreasing by 2085 contracts.Want to Learn Option Strategy to trade in Sideways market with Bullish Bias  http://bit.ly/WssDmb
2. As CNX Nifty Future was up by 8  points with Open Interest in Index Futures decreasing by 2085 so FIIs again booked profit in long  in Nifty and Bank Nifty. Today we had a V shaped recovery after Nifty Future came near to our Trend Changer level of 6024 FII has used to rally to exit longs.
3. NS closed at 6054  after making high of 6070 and low of 6021. Nifty bounced from our support level of 6026 as discussed yesterday. Nifty is only giving intraday trading opportunity,positional traders need to...

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Short term Trading calls:HUL,Dish TV and KTK Bak

HUL

HUL we have covered 2 weeks before the results came and clearly indicated below 100 DMA stock will continue its fall till 470. Stock achieved target yesterday. Drawing Fibo Fans it seems stock has formed short term bottom if 462 is not broken on weekly closing basis.

Buy above 484 Tgt..

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Nifty Future Trading Stratergy for 23 Jan

1. FIIs sold 1132 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 33 cores with net Open Interest decreasing by 3610 contracts.Are you a professional stock trader ? http://bit.ly/Wajuk7
2. As CNX Nifty Future was down by 34 points with Open Interest in Index Futures decreasing by 3610 so FIIs again booked profit in long  in Nifty and increased short in Bank Nifty future. Bank Nifty briefly moved above our trend changer level today during intraday but as soon as went below  12762 gave us 150 points :)
3. NS closed at 6049  after making high of 6101 first time after Jan 6 2011 and low of 6041 .NS was unable to close above Weekly trend deciding level of  ...

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Trading Platform:Free Crude,Gold and Sensex realtime Charts

Many traders who trade in Forex,Gold and Crude can use Broco Software trading platform to get these charts free.
Broco is providing a demo trading account software for Forex, World Indices and commodities, Stocks.

How to access and use the Utility

• Download  Broco Software By Clicking on the Link.
• Register for the Demo Account on the Site.
• Right Click on the Market Watch.
• Select...

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Swing Calls:PFC,BHEL and Mastek

“Two of the cardinal sins of trading—giving losses too much rope and taking profits prematurely—are both attempts to make current positions more likely to succeed, to the severe detriment of long-term performance.” -William Eckhardt

PFC

PFC has been trading in a range from 202-213 from past 4 weeks. Stock is trading at upper band of channel and crossing above 213 can lead 220 in extreme short term which is again a channel resistance.

Buy above 213.6 Tgt..

 

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Are you a professional stock forex trader ?

To taste success in trading whether you are a Stock, Bonds, Forex  or commodity trader professionalism will keep you one step ahead from rest of the trading crowd. So with the below points try to analyses whether you are taking your trading as a professional or still as an amateur who keep on losing money.

1) Are you Self dependent:  Do you still rely on Blue channel analyst who keeps blabbering about the next move about the market. Do you still keep vising trading forum and asking and reading people analysis on "Where is stock market heading". Do you still believe in doomsday scenarios. Professional trader give due respect to other people opinion but "Do not rely on them". They believe in doing there homework and anlaysis and let the market decide whether they are right or wrong.

The ultimate goal for traders is to..

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Nifty Weekly Technical Analysis for Jan 21- Jan 25

At last GOI bite the hard bullet and gave a partial deregulation of diesel which fueled rally in Oil and Gas Sectors where two heavy weight Reliance and ONGC. RIl came up with a spectacular set of number and closed almost 4% up in London exchange. As i always say price have everything in it, RIL we discussed on 17 Jan Post saying above 870 Inverse HnS pattern will start showing its effect and mid term target of 1000.

Trends in motion will stay in motion, they will persist, until they reverse.

Lets discuss Nifty Trading Strategy for Next week.

 Nifty Hourly Chart

Nifty is trading comfortably above 50 SMA which lies at 6019. Negative divergences have been observed in Hourly chart but we need price confirmation till 6019  is not ..

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Understanding Limit Order

What is Limit Order?

Limit order allows an investor and trader  to buy or sell a stock at a price he/she is willing to trade with. This ensures that the investor and trader will never pay more for the stock than whatever price is set as his/her limit. Limit orders also allow an investor and trader to limit the length of time an order can be outstanding before being canceled. Limit orders are especially useful on a low-volume or highly volatile stock.

Difference between Limit,Stop and Market Order?

A limit order differs from a market order, which is executed at the current price regardless of what that price is. It also differs from a stop order, which becomes a market order when the stop price is reached and the order is executed at the best available price.
Limit orders are referred more specifically as a buy limit order ,or sell limit order.
 

Types of Limit Order?

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Nifty Futures Risk Management

Many traders whom i have interacted during my trading course sessions and in other forums have no idea about the returns they expect out of market. Having an expectation will help you in trading as you have some goals to achieve and you will work to reach them. If one goes for Fixed deposit you have an expectation that i will get an assured 8% from my investment. If some one starts a business he will have an estimate than my annual returns should be 15-20% on yearly basis. Similarly we need to have a goal what kind of returns we are expecting out of our trading. As trading is full of risk, so my desired instrument is Nifty future which is a low volatile and high volume instrument. So if an average trader have an expectation of 50% return on its capital lets see how much points one needs to capture to achieve the target.
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Stock Swing Trade:KTK Bank,ONGC and Jsw Steel

KTK Bank

KTK has been consolidating 170-186 after steep rise. Stock has trendline resistance at 176-178.

Buy above 178 Tgt 

 

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Trading in Nifty Futures on 18 Jan

1. FIIs bought 2538 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 76 cores with net Open Interest decreasing by 8822 contracts.
2. As CNX Nifty Future was up by 35 points with Open Interest in Index Futures decreasing by 4663, so FIIs again booked out longs  in Nifty and Bank Nifty Futures.
3. NS closed at 6039  after making high of 6053 and low of 5988 . So today after yesterdays fall Nifty started to recover, With government decision of partial deregulation of Diesel all OMC were rocking. 

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Stock Trading Recommendations for medium term

Fear - To make money in trading you must be willing to take some risk. The more you are scare of losing money the more likely you could lose. Bullish won’t dare to buy, bearish won’t dare to sell. Got profits quickly take and only 100% sure win then trade. A little bit of cautiousness is alright but trading is a game of risk and the more calculated risk you take the higher your chances of winning.

Jubilant Food

Dominos Pizza everyone loves it and stock also proved a multibagger rising from 200 odd levels to 1300. Stock is at a crucial juncture of 200 DMA and volumes are also higher yesterday. 1230 holds the key if its not broken another rally is possible.

Buy above 1248 Tgt...

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Nifty Futures Trading on 17 Jan

1. FIIs sold 12901 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 343.30 cores with net Open Interest decreasing by 4663 contracts.
2. As CNX Nifty Future was down by 62 points with Open Interest in Index Futures decreasing by 4663, so FIIs again booked out longs  in Nifty and Bank Nifty Futures. Yesterday we have mentioned clearly rally has no support of smart money and today we saw the trailer with a fall of  62 points highest in the Jan Series.
3. NS closed at 6001 after making high of 6056 and low of 5992 . As discussed yesterday analysis The lower volumes ..

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Stock Swing Trade:Titan,M&M and BHEL

“The market can stay irrational longer than you can stay solvent” - The way the market reacts to certain news or events may not seem rational at times, but there is no sense in trying to fight the market – it moves where it moves and does not care one bit about your opinion.

BHEL

BHEL we have covered few days before, Stock moved as expected took resistance at 255 and now is back to lower trendline support at 228.

Buy above 230 Tgt...

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How to trade Nifty Futures on 15 Jan

1. FIIs sold 3276 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 103.06 cores with net Open Interest decreasing by 9254 contracts.
2. As CNX Nifty Future was up by 23 points with Open Interest in Index Futures decreasing by 9025, so FIIs booked out longs  in Nifty and Bank Nifty Futures. Sensex briefly hit the sacrosanct level of 20000 and Nifty moved above 6050 but FII's are using these as an opportunity to exit out of longs. Sounds Interesting !!
3. NS closed at 6057 after making high ...

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trading in nifty futures

1. FIIs sold 1635 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 92.43 cores with net Open Interest decreasing by 207 contracts.
2. As CNX Nifty Future was up by 80 points highest in the Jan Series with Open Interest in Index Futures decreasing by 207, so FIIs booked out longs  in Nifty and Bank Nifty Futures. As the average Buy rate comes as an weird number of 11306 suggesting intraday trades taken by FII. Basically the rally was backed by short covering and Inflation data and GAAR news were added booster for the Nifty.
3. NS closed at 6024 after making high ..

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Equity | Share Market Calls |Stock Futures|Stock Future Calls

HDIL

HDIL has bounced from its trendline support.If it is able to cross its swing high of 122.75, stock is all set to touch the upper end of trendline at 128.

Buy above 121Tgt..

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Understanding Cost of Carry for Nifty and Stock Futures

WHAT IS COST OF CARRY?
In derivates market, the cost of carry (CoC) of a futures contract is the cost incurred on holding positions in the underlying security until the expiry of the futures. The cost includes the risk free interest rate and excludes any dividend payouts from the underlying. CoC  is the difference between the futures and spot prices of a stock or index. It is commonly used to interpret market sentiment for the stock or index, as higher values of CoC indicate traders are willing to pay more for holding futures. In the case of commodity futures, CoC also includes other expenses like storage.

 HOW IS IT CALCULATED?
Theoretically, Future price fair

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Is Stock Trading gambling?

Infosys came with a good set of earning after 4 quarters of bad earning and  moved up 16% today many traders were left with a surprise to see such a big move.Few traders  called me and said "Bramesh Sir asa move ana ke baad tu mujhe trading and gambling ek jasa hi lagtha hai " (Bramesh sir seeing such move i presume trading is equivalent to gambling only) . So let me give some elaborate explanation to explain this
At a first glance, trading appears to be similar to gambling, As in gambling is very risky, high probability of losing a huge stake and luck plays a major role for a gambler. However, while there are some similarities, there is actually a major difference between these two activities.
Trading and gambling both involve a certain element of luck and skill, as well as probabilities and uncertainties. Both present the opportunity to make huge amounts of money in a short period of time, and vice versa. That is why both pursuits require good money management skills and strong psychology.
However, there is one big difference - the edge. Whether you are trading or gambling depends on whether you have the edge. Simply put, this refers to whether probability is on your side...

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Stocks with Momentum: Infosys,SBI and HUL

SBI

SBI has been on a rally mode from 2050 levels, With recaptlization of banks with 12K cores news stock formed an DOJI pattern suggesting news arrival can be reversal for stock in short term.Previous support of 2562 will act as resistance now,Range of 2562-2571 will be diffcult to cross and pullback should be expected. Huge negative divergence in RSI is also observed but price needs to confirm the same.

Sell below 2537 Tgt..

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Nifty Trading Strategy before IIP Data and Infosys Earning

1. FIIs bought 2045 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 54.39 cores with net Open Interest increasing by 15325 contracts.Do you think we are in Bubble? Read this to get more insight How to survive stock market bubble http://bit.ly/XQgXOJ
2. As CNX Nifty Future was up by 4.8 points with Open Interest in Index Futures increasing by 15325, so FIIs booked out shorts  in Nifty and Bank Nifty Futures. As the average Buy rate comes as an weird number of 5319 suggesting intraday trades taken by FII. Two important data coming out tommrow IIP data around 11 AM and Infosys results before market opens so tommrow expect some volatility in market.We have interesting Poll going on our FaceBook Page Bramesh tech  (Click on Link) regarding Infosys opening. Please feel free to participate and post your views.
3. NS closed at 5968 after making high ...

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S&P CNX Nifty Options Analysis for 10 Jan

1. FIIs sold 1211 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 15.41 cores with net Open Interest increasing by 4551 contracts.Trading Secrets of Successful traders http://bit.ly/UA1wUy
2. As CNX Nifty Future was down by 44 points with Open Interest in Index Futures increasing by 4551, so FIIs have created fresh short in Nifty and Bank Nifty Futures. As the average Buy rate comes as an weird number of 2544 suggesting intraday trades taken by FII.

3. NS closed at 5972 after making high ...

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Trading Secrets of Successful traders

During my training sessions i would like to ask my students what do you mean by trading?
Most of the students will answer trading is all about mathematics and probabilities. Some will say its all about charts, other will say its all about earnings and future prospects of earnings about the particular stocks or Sensex. From my perceptive trading is a mind game. Its individual trader belief will determine his success in stock market.Putting it all together, it is more than just numbers.

“Successful trading depends on the 3M`s – Mind, Method and Money. Beginners focus on analysis, but professionals operate in a three dimensional space. They are aware of trading psychology their own feelings and the mass psychology of the markets. Each trader needs to have a method for choosing specific stocks, options or futures as well as firm rules for pulling the trigger – deciding when to buy and sell. Money refers to how you manage your trading capital.” – Alexander Elder

Every traders will enter market believing its


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Trading Analysis:Infosys,Jsw Energy and DLF

Infosys

Infosys the IT bellwether will be coming with its results tommrow before market opens. Stock has rallied in expectation of good results from series of bad results in past 3 quarters. Technically a symmetrical triangle formation is seen with resistance at 2380 and support at 2323.

Buy above 2346 Tgt...

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Nifty Futures Technical Analysis - Intraday and Positional Trading calls

1. FIIs bought  1190 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 53.31 cores with net Open Interest decreasing by 5426 contracts.
2. As CNX Nifty Future was up by 20 points with Open Interest in Index Futures decreasing by 5426, so FIIs have booked profit  in both longs and short in Nifty and Bank Nifty Futures.Why i say so yesterday we gave an indication of FII shorting the index today they covered at lower level bought longs that to got squared off. As the average Buy rate comes as an weird number of 8959 suggesting intraday trades taken by FII.

3. NS closed at 6002 after making high ..

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Why Retail Traders looses money in Stock Market?

Interesting Study by TOI:Indian Retail Investor/trader lost 84000 Lakh cores in 18 month period. Thats a Huge sum of money lost by retail traders, so what exactly lead to trading failure of retail traders in Stock market.The difference between success and failure for a trader is wafer thin, Lets elaborate with an example
Amateur retail traders tend to think that the professionnel trader or Institutional investor have some sort of secret knowledge/system that enables them to make huge profit in trading. However, the difference between a retail traders trying to make consistent profit  and a professional traders zeros down to the trading mindset and trading psychology.
 Let us give you an example..

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Stock Day Trading Tips:IFCI,PFC and BHEL

 PFC

PFC is near its supply zone of 213-215 range. Negative divergence has shown in indicators.Close below 209 which is rising trendline support will confirm the reversal.

Buy above 212 Tgt..

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Nifty Futures Technical Analysis - Intraday and Positional Trading calls

1. FIIs sold 8319 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 254 cores with net Open Interest decreasing by 6193 contracts.
2. As CNX Nifty Future was up by 8 points with Open Interest in Index Futures decreasing by 6193, so FIIs have booked profit  in Nifty and Bank Nifty Futures.Rise which we saw in first part of January was not backed by volumes and no major conviction buying by FII.

3. NS closed at 24 month high 6016 aft..

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Nifty Weekly Technical Analysis for Jan 7- Jan11 Part II

Fibonacci technique

Fib retracements

Fibonacci Ratios are drawn in above chart from 5548-6021 showing Fibonacci support and Fibonacci resistance.  Close above 6021 will target 6130 and support now exists at 5290

Fibonacci fan

As discussed earlier Fibonacci fan help...

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Nifty Weekly Technical Analysis for Jan 7- Jan11 Part I

Nifty gave then Highest Weekly Close in last 104 weeks,Closing comfortably above the sacrosanct level of 6000.Nifty and Sensex  after 4 weeks of  consolidation phase, finally gave a breakout .US Fiscal deal gave a booster to Bulls round the globe. As per our last week discussion do not try to second guess the market and Clients who follow our Trend Following system were rewarded handsomely. Next week we will get the CPI numbers which will be closely watched. Economic Calendar for Week Jan 07-11 http://bit.ly/113Zy5K

Trends in motion will stay in motion, they will persist, until they reverse.

Lets discuss Nifty Trading Strategy for Next week.

 Nifty Hourly Chart

Finally 5930 and 5965 resistance

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Understanding Stock Market from Six Blind men perceptive

Lets try to correlate Stock market with one of the famous childhood story of SIX Blind men and  Elephant, Story goes something like this

Once upon a time, there were Six blind man. Once They heard someone talking about elephant which make then curious what exactly is an Elephant. To satiate themselves they took a trip in city and with a help of a friend of them found an elephant. Now each man walked one by one towards the elephant to get a feel of it by touching and understating what exactly an elephant looks like.

    First man walked straight and touched its Head and declared elephant as a strong wall.
    Second man touched the Tusk and declared elephant as a Sharp piercing object like Spear.
    Third man touched the trunk of elephant and declared elephant as a Rope
    Fourth man touched the elephant leg and declared it like a Tree.
    Fifth man touched the elephant ears and declared it like a fan
    Finally the six man touched the elephants tail and declared it like a snake.

All the six man percived one aspect of elephant and each was right in their own way but none of them knew on how the whole elephant looks like.

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Nifty Options trading analysis

1. FIIs bought 14480 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 433 cores with net Open Interest increasing by 5018 contracts.
2. As CNX Nifty Future was up by 4 points with Open Interest in Index Futures increasing by 5018, so FIIs have initiated  longs in Nifty and Bank Nifty Futures.Today was interesting as Bank Nifty remained in red for most part of session so Banks are under performing the nifty. So highs should be treated with caution.

3. NS closed at 24 month high 6010 after...

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Swing Trading Stock:ICICI Bank,Tata Global and Ranbaxy

When a trade goes against us, it is tempting to find some external source to blame. Identifying a scapegoat may make us feel better in the short term, but we lose the benefit of examining our own decisions and looking for flaws in our thought process.
One analogy is plane crashes. Whenever there is a crash, an investigation identifies exactly what went wrong and, more importantly, how to correct it in the future. All of today’s advances in air travel safety have come from studying the plane crashes of the past.

ICICI Bank

ICICI Bank has formed a rising wedge pattern which is bearish pattern if high of 1180 is not crossed.

Buy above 1180 Tgt...

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Nifty Options Data Analysis

Atlast after 2 years of Wait Finally we saw 6000 Nifty on our Trading screen.Bulls gave a new year gifts to Investors who waited patiently for 2 year.It took almost 25Bilion Dollar of FII investment to reach this level of 6000. Best and Worst Nifty Stocks of 2012 http://bit.ly/Zb06Gq
1. FIIs bought 12610 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 373 cores with net Open Interest increasing by 5682 contracts.
2. As CNX Nifty Future was up by 28 points ..

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Best and Worst Nifty Stocks of 2012

Nifty has hit 6000 Level today after Jan 7 2011. It has bring cheers at Dalal Street. Lets use this as an opportunity to understand and analysis which stock and sectors have outperformed and underperformed Nifty in this rally till 6000.
Contrary to belief FMCG has lead the rally,Dark Horse comes out as  Ultratech cement which has give almost 100% return in NIfty rally till 6000 and has given 72% return in 2012. IDFC was the winner in Nifty Pack with 82% return.
Below are the list of Stocks which has outperformed Nifty in its rally till 6000

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Trader's Secret for the New Year-2013

With the advent of 2013 we all make resolution so lets discuses Trader’s Resolutions for 2013
Trader should DARE the Mr Market for 2013. Let me explain it in more details:
Discipline
Analyze
Risk
Education

Discipline

We all need to be disciplined along with using good money and risk management skills, yet too much of anything can cause problems.
Sometimes we put so much attention on caution to ensure that we only make good trades that we reduce our actions to the point that we miss so many strong trading opportunities.
Every time we begin our trading sessions, we need to communicate to ourselves that we will be confident, prepared and most importantly… committed to executing trades when our analysis shows that a good trade is in front of us.
Never allow the market, the news, your friends, ...

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