PNB,IFCI and Tata Steel technical analysis

PNB

Buy above 911 Tgt..

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Bulls rule Dalal Street in most hated rally, FII FnO Analysis for October Expiry

• FII's bought 52.9 K contract of Index Future worth 2166 cores, 45 K Long contract were added by FII's and 7.8 K short contracts  were squared off by FII's. Net Open Interest increased  by 37.2 K contract , so FII added highest amount of  long in index futures in October series.

As discussed in past 2 days analysis structure is still bullish till it do not close below the green line in the gann box.Once 8060 is crossed new high can come by Expiry or by Friday. Big move will be coming either tomorrow or Thursday. Nifty did not break the green line of Gann box and has now approached the yeallow line which acted as resistance and tomorrow price action needs to be watched. Market move..

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Nifty ready for Big move,FII FnO Data Analysis

• FII's bought 14.2 K contract of Index Future worth 592 cores, 41.5 K Long contract were added by FII's and 27.3 K short contracts  were added  by FII's. Net Open Interest increased  by 68.9 K contract , so FII added long in index futures but are adding shorts.

As discussed yesterday  structure is still bullish till it do not close below the green line in the gann box.Once 8060 is crossed new high can come by Expiry or by Friday. Big move will be

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Ranbaxy,IOC and Just Dial technical analysis

Ranbaxy

Any close above 610 stock is heading towards 623/631.

Buy above 600 Tgt..

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FII FnO Data Analysis for 28 Oct

• FII's bought 16.8 K contract of Index Future worth 680 cores, 23.7 K Long contract were added by FII's and 6.8 K short contracts  were added  by FII's. Net Open Interest increased  by 30.6 K contract , so FII added long in index futures but are adding shorts.

• Nifty after 5 days of rise took a breather structure is still bullish till it do not close below the green line in the gann box.
  

Nifty Future October Open Interest Volume..

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Bank Nifty ripe for consolidation, Weekly analysis

Last week we gave  Nifty Chopad level of 16086 Bank Nifty opened with big gap up made low of 16157 and marched  higher made a fresh all time high,As we have FOMC meeting and expiry lying ahead so trades should trade caution as wild moves are bound to come in bank nifty. Lets analyze how to trade Bank Nifty in coming week.

Bank Nifty Hourly

This sis what we discussed in last analysis Bank Nifty hourly charts are trading in contracting triangle, triangle breakout comes above 15150, if broken and closed over it bank nifty is heading to new high towards 16309 by Mahurat trading session. New High was made one day before Mahurat session, Now long should be cautious and profit booking is..

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Nifty ready to march towards all time high,weekly analysis

Last week we gave  Nifty Chopad level of 7883 and Nifty did 2 target of upside rewarding chopad followers by 130 points. Next week is very crucial for global markets as we have FOMC Meeting results coming on 30 , Brazil Election results coming tomorrow. We were able to catch the bottom of Nifty as per Nifty signal bottom formation, FII FnO Data Analysis Next week is first week in October month having 5 trading days and October expiry, so trade with extreme caution. Lets analyze how to trade in expiry week.

 Nifty Hourly Chart

Nifty Hourly charts has broken above the trendline resistance now close above

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W.D. Gann Trading Techniques - I

Gann Trading strategies

• Importance of number 3

Majority of moves will generally occur in time period of three - days, weeks or months.Never trade in the direction of the trend on its third day.

• Tops, bottoms and consolidations

* Tops usually take time to form. Spike tops are less common compared to spike bottoms. Tops are marked by extreme movements in medium and small stocks. They will rise by even 20% in a day. These are called blow offs. Because of this short-selling on extreme top is risky.
* Divergences will appear at the top but they cannot be used for timing the trade. Time cycles shall indicate when the actual reversal will start.
* In bull market watch for a correction which is greater in both price and time than the previous corrections in the move up. (Opposite in the downmoves).
* Highest probability of support is that the corrections in the uptrend will all be very close to equal.

Weak stocks will generally not rally until either a test of the first bottom..

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FII FnO Analysis for Mahurat Trading

• FII's bought 18.6 K contract of Index Future worth 751 cores, 24.6 K Long contract were added by FII's and 5.9 K short contracts  were added  by FII's. Net Open Interest increased  by 30.5 K contract , so FII added long in index futures but are adding shorts.

This is what we discussed in last analysis  yesterday Nifty has taken support @ 100 DMA today, suggesting short term bottom is in place. Nifty has corrected 450 points in this current correction which has lasted for 22 trading days. Shorts needs to be extreme cautious now as the reversal will be fast, we have Diwali and election results coming on Monday so bulls can see a fast and furious come back. Also Dow,European market seems to be making a short term bottom. Nifty has been rising from the day we said..

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Nifty performance from Mahurat trading to last trading day of year

September and October month have seen range bound moves, Few days before on my Facebook page   we discussed the possibility of Nifty setting the stage for big move. Here is some data analysis which will help both traders and investors for next 2 trading months. Last quarter is considered the most strongest quarter and market shows trending moves.  We have discussed one such possibility   Nifty medium term view using Gann which is going good as of now, lets see How nifty end the year...

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Bulls celebrate Diwali on Dalal Street, FII F&O Analysis

• FII's bought 10 K contract of Index Future worth 398 cores, 19.1 K Long contract were added by FII's and 9.1 K short contracts  were added  by FII's. Net Open Interest increased  by 28.2 K contract , so FII added long in index futures but started adding shorts also in index futures

• This is what we discussed in last analysis  Range of 7930-7940 is supply zone as shown in the below gann box once crossed can see impulsive move in nifty. Nifty again stopped @ yellow line of gann box Once 7930 is crossed next target comes @ 7972/8030.
  

Nifty Future October Open Interest..

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SBI,Tata Steel and IB real harmonic trading

SBIN

 

Buy above 2572 Tgt..

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FII FnO Data Analysis for 21 Oct

• FII's bought 36.5 K contract of Index Future worth 1455 cores, 40.4 K Long contract were added by FII's and 3.9 K short contracts  were added  by FII's. Net Open Interest increased  by 44.3 K contract , so FII added long in index futures.

This is what we discussed in last analysis  yesterday Nifty has taken support @ 100 DMA today, suggesting short term bottom is in place. Nifty has corrected 450 points in this current correction which has lasted for 22 trading days. Shorts needs to be extreme cautious now as the reversal will be fast, we have Diwali and election results coming on Monday so bulls can see a fast and furious come back. Also Dow,European market seems to be making a short term bottom.  Range of ..

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How will Nifty react to economic and political news flow ?

Last week we gave  Nifty Chopad level of 7883 and Nifty did 2 target of downside rewarding chopad followers by 151 points. Nifty witnessed a volatile week due to wild swings seen in global markets. Tomorrow market will open reacting to both political and economic news. Diesel deregulated, natural gas price hiked and BJP set to form government in both Maharashtra and Haryana and taking Modiji dream of "Congress Mukt Bharat" one step closer. Lets see how to trade market next week. 24 October  is again a trading holiday.

 Nifty Hourly Chart

Nifty Hourly charts 21/34 EMA have gone flat, trendline support exists @ 7723/30  range, Bulls will get active above ..

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Trading with Clouds

As if investing was not complicated enough, any mention of ‘technical analysis’ is likely to cause most individual investors to roll their eyes and ask “What now?” Fear not. You’re set to learn one of the easiest and yet most powerful approaches to market analysis that may help improve your investing and maybe even give you peace of mind.
Technical Analysis (TA), for those unfamiliar with the term, is an approach to market analysis that focuses on price movements. Well-intentioned people can reasonably debate about what the proper value of a share of Google or Coca Cola should be, or what the right value of gold is.
One issue they can’t dispute is what the price of Google, Coke, or gold is now or what it’s been in the past. That’s where technical analysis comes in. Technical Analysis takes the subjectivity (and emotion) out of the picture and zeroes in on the one component of an investment that we can all see: the price.
There are literally hundreds of different approaches to technical analysis, with thousands of books and articles having been written about them. The approach we introduce below is known as Ichimoku, a form of a moving average system. Ichimoku (ee-Chee-Mo-koo) charts offer a powerful tool for investors to identify overall market trends and pinpoint key levels of support and resistance that are unlikely to be revealed by other forms of technical analysis.
Don’t be scared off by the name—that’s where the simplicity comes in. Developed...

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Nifty medium term view using Gann

Nifty has been in correction mode ever since it hit the High of 8180 on 08 Sep 2014, It has been in sideways choppy mode from that point of time.As discussed in our Facebook page we are seeing some big move coming in Nifty.
Using Gann 52 concept , classic technical Analysis I am putting forward the view till end of 2014, use the below view as an input to your trading/investing plan, Do not blindly follow the same.

1. Trendline Support

AS seen in above chart, Nifty is holding on to its trendline support and also 61.8% retracemetn @ 7784, low made was 7796 which signify bulls are still in control over market

2. Hammer Candlestick

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Arvind,Biocon and JSW Steel Harmonic pattern analysis

Arvind

Positional traders should watch for  Any close above 288 stock is heading to 300/322.

Intraday traders can use the below levels

Buy above 284 Tgt

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FII FnO Data Analysis for 14 Oct

• FII's sold 20.9 K contract of Index Future worth 822 cores, 12.3 K Long contract were squared off  and 8.6 K short contracts  were added by FII's. Net Open Interest decreased  by 3.6 K contract , so FII liquidated long in index futures  and added  short in index futures.

Nifty dipped below the 50% gann box line, but recovered immediately and closed near the important resistance zone of 7904-7924 range. On Downside 7860/7850 range will act as strong support. Nifty still has not closed above its 50 DMA so bears have upperhand in short term. Inflation data and Reliance results both were favorable suggesting bulls will have upperhand

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Bank Nifty Weekly Chart Analysis

Last week we gave  Nifty Chopad level of 15306 and Bank Nifty did 3 target on upside and 1 target on downside rewarding chopad followers by 400 points.IIP numbers were not good and with global market correcting how to trade bank nifty in coming week.

Bank Nifty Hourly

Bank Nifty hourly charts broke the support zone for a day came back in channel and now near an important support of  15400.Breaking the same 15100 and below its 14750 is on cards. Bullish above 15700 only.

Bank Nifty Hourly Elliot Wave

Bank Nifty hourly EW ..

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Nifty Weekly Chart Analysis

Last week we gave  Nifty Chopad level of 7966 and Nifty did 2 target of downside rewarding chopad followers by 151 points. Nifty witnessed a volatile week due to wild swings seen in global markets.Next week 7784 needs to be closely watched any close below it can see a sharp decline to 7655. Lets see how to trade market next week. 15 October  is again a trading holiday.

 Nifty Hourly Chart

Nifty Hourly charts 21/34 EMA have gone flat, trendline support exists @ 7784/7800  range, Bulls will get active above 7972 for initial target of 8100 and 8175.Bears will get active below 7784 for target of 7725/7655.

Nifty Hourly Elliot Wave Chart

Hourly EW is showing correction can be seen till ..

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DriveWealth Invites the World to Invest

DriveWealth’s founder and CEO, Bob Cortright, is a seasoned US entrepreneur who has built and sold several successful financial technology companies during his 30 year career.
When he started looking deeply into global investing trends, he was amazed at what he found. “The consumer goods industry had fully developed into a global marketplace, with global companies extending their brand reach worldwide. Look at the top 50 global brands, Apple, McDonalds, Nike, and so on. They are all household names in virtually every market around the world, and the developing markets are particularly voracious consumers of these global brands.”
In fact, over 80% of the growth for these top global brands over the next five years is projected to come from emerging markets. Yet, despite the marketing and advertising efforts by these companies worldwide, there was virtually no access for dedicated customers to invest in these companies. With 85% of the Top 50 global brands being listed in the United States, access to invest in these premier global companies was relegated to the very rich who could afford the $10,000 minimum account balances and $50 round trip trade fees.
Bob’s entrepreneurial light bulb went off, and he began building what is now DriveWealth.   DriveWealth is the first truly global online equity investing program, focused on providing low cost access to the most liquid and recognizable US-listed securities to “everyone, everywhere” in the world.   After launching the DriveWealth App in late August 2014, the App was downloaded in 80 countries around the world in the first three weeks.
Smart investors know the best long-term investment

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FII FnO Data Analysis for 10 Oct

• FII's bought 14.3 K contract of Index Future worth 566 cores, 12.4 K Long contract were added  and 1.8 K short contracts  were squared off by FII's. Net Open Interest decreased  by 10.6 K contract , so FII added long in index futures  and covered partial short in index futures.

As discussed yesterday  Nifty near gann box support, Be ready for big move Nifty obliged us with big move as we expected, but it does not mean bulls are back, till be cross the green line in gann box as shown below. 8000-8030 is where the green line will come so be cautious near this level. On downside support is now in range..

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Nifty near gann box support, Be ready for big move

• FII's bought 4.9 K contract of Index Future worth 196 cores, 9.2 K Long contract were squared off and 4.3 K short contracts  were squared off by FII's. Net Open Interest decreased  by 13.6 K contract , so FII squared off both long and short in index futures.

Nifty is trading in gann box angles in and is near an important support zone, closing above it today by holding 7784-7800 range we can see bounceback in nifty and unable to do so larger correction is on the way. 7784 is also 61.8% ratio so profit booking in shorts is..

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Tata Steel,HCL Tech and Yes Bank trading plan

Tata Steel

Buy above 451 Tgt

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FII FnO Data Analysis for 07 Oct

• FII's bought 1.8 K contract of Index Future worth 72 cores, 584 Long contract were added  and 1.2 K short contracts  were added by FII's. Net Open Interest decreased  by 666 contract , so FII added  long and short in index futures.

Nifty is trading in gann box angles in sideways mode, tomorrow being gann turn date so expect volatile moves, 8030 on upside and 7912/7888 on downside needs to be watched.

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What's common between best sportsman and Successful Traders

If you ever met a successful trader one thing you would have noticed most of them in some part of there life were related to sports. What’s the connection between being an  sportsman and stock market trader? I believe it has everything to do with the qualities and the mindset that these individuals have. I have discussed few traits that I think successful traders share with elite sportsman.

• Both of them are competitive.

Top athletes are highly competitive by nature and with this mindset comes their need to always look for advantages against their competition. Also, competitive athletes are often strongly self-motivated. There are few driving forces out there as strong as self-motivation. For a stock market trader to be successful, he or she must find something that sets him apart from the rest of the herd.

Do you remember Sachin Tendulkar tennis elbow injury 2004 ? Sachin Tendulkar feared his career was over when he got the surgeny done. It was son worse he couldn't even pick up his son Arjun's plastic bat.  But he remained competitive and motivated and we know best of his cricket came after recovery from this injury.

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Nifty Weekly Outlook for 07 Oct -10 Oct

Last week we gave  Nifty Chopad level of 15696 and Bank Nifty did 3 target on downside rewarding chopad followers by 300 points. We have IIP Data coming with coal scam putting pressure on banks  Lets analyze how to trade bank nifty in coming week.

Bank Nifty Hourly

Bank Nifty hourly charts broke the support zone of 15450 saw a decline till 15200 odd levels and closed below this support zone,moving above 15600 bank nifty can move towards another life highs.

Bank Nifty Hourly Elliot Wave

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Nifty Weekly Outlook for 07 Oct -10 Oct

Last week we gave  Nifty Chopad level of 7990 and Nifty did a low of 7923 on downside almost achieving the 1 target is Holiday shortened week.Next week traders need to Watch For Fed Minutes which will come Wednesday night  ,Brazil Election and Bank of England decision will impact the market. Lets see how to trade market next week. Nifty trading will start on Tuesday as Monday is again a trading holiday.

 Nifty Hourly Chart

Nifty Hourly charts 21/34 EMA have gone flat, trendline support exists..


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W. D. Gann the legendary Financial Prophet

To most of the technical analysts and financial traders, the name, William Delbert Gann, is well-known. Gann was one of the greatest traders in the early twenty centuries, who has extremely arcane trading analysis techniques and methods that based on ancient mathematics and geometry. Yet, as it was never unveiled explicitly, the theory of Gann is admired by most, but grasped by few.

To understand Gann's theories, it is essential to know his life and living. 

W. D. Gann was born in an Irish family in Lufkin, Texas in the United States on 6 June 1878. His parents are devoted Christians with a strong Methodist background. W. D. Gann was himself a devoted Christian. He claimed that his market cycle theories were discovered from the Holy Bible.

The home country of Gann was a cotton land, the influence to the childhood of the great trader was understandable. With Gann was 24 in 1902, he made his first trade in cotton futures contract and enjoyed the profit from trading. The 53 years of trading hereafter, it was said that he had gained US$50 million from the market. The wealth of that scale compared with the purchasing power at his time was, in deed, very substantial. 

In 1906, Gann moved to Ohakama with ambition to start up his career as broker and trader. His life and trading are with up and down. His advice after decades of trading were that if an investor enters the investment market without a grasp of knowledge, his chance to failure would be 90%. The reasons behind their failures are human emotions: hope, greed and fear are ...

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US Stock Market 7 Year Cycle of Boom and Bust

Large numbers of people believe that an economic crash is coming next year based stock crash images-1 on a 7-year cycle of economic crashes that goes all the way back to the Great Depression. Such a premise is very controversial – some of you will love it, and some of you will think that it is utter rubbish – so I just present the bare bone facts below for you decide for yourself if it is something to seriously consider protecting yourself from in 2015.

As can be seen below economic crashes of one kind or another occur approximately every 7 years going all the way back to the Great Depression.

• 2008 :Lehman Brothers collapsed, the stock market crashed and we were plunged into the worst recession that we have experienced as a nation since the Great Depression.

• 2001: The dotcom bubble burst, there was a year of recession for the U.S. economy, big trouble for stocks and that little event known as “9/11″ happened that year.

• 1994: Yields on 30-year Treasuries jumped some 200 basis points in the first nine months of the year, hammering investors and financial firms, not to mention thrusting Mexico into crisis and bankrupting Orange County.

1987:The stock market plummeted..

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How to trade using Darvas Boxes

Nicolas Darvas developed his famous method for identifying stock trends using “Darvas Boxes” in the late 1950s.
His goal was to create a trading system that allowed him to ride a powerful stock’s rising trend for as long as it remained in that rising trend.
This is obviously a simple and logical concept, but extremely difficult to implement.  The difficulty lies in deciphering what is a “normal” correction within a rising trend and what is an “abnormal” correction, which breaks the rising trend.
There are numerous methods used for determining stock and commodity trends.  There’s the original Dow Theory, Jesse Livermore’s “Pivotal Points,” Richard Donchian’s moving averages, the famous Turtle breakout system, classic chart patterns, and on and on this list could stretch.  All of these methods work to a certain extent and a successful trend trader usually implements portions of each.
Like the trend trading strategies listed above, the Darvas Box System stands the test of time.
Why is that so?  Why do Darvas Boxes continue to properly identify trends more than 50 years after Nicolas Darvas first discovered their validity?
The quick answer is to quote Jesse Livermore, who famously stated,

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How to Control Your Emotions When You Trade

When we speak of “The Trader’s Mindset” what are we really talking about? Many of my studentsoften ask me this question and we talk about it a lot with traders I mentor.
When we trade the markets we approach the markets each and every day with a psychological mindset or set of beliefs and emotions. New traders often enter trading with beliefs about trading and the markets that simply do not apply to the realities of trading. This is why new traders get into trades and can’t get out or don’t know when to take profits or get out at the bottom and get in at the top of markets. In other words they make bad trades because they are trading from inaccurate beliefs and become subject to their emotions of fear and greed.
With proper education, experience and direction these traders can turn their trading around. Usually new traders realize after awhile of experiencing large losses or working very hard and still losing that they need to change. What they thought would work does not and they recognize that their emotions are working against them and not for them in trading.
Once they get to this point, traders either quit trading or ...

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How to Trade using Harmonic Price Patterns

How to trade ABCD Harmonic Pattern

There are three basic steps in spotting Harmonic Price Patterns:

• Step 1: Locate a potential Harmonic Price Pattern
• Step 2: Measure the potential Harmonic Price Pattern
• Step 3: Buy or sell on the completion of the Harmonic Price Pattern

By following these three basic steps, you can find high probability setups that will help you grab good profits.
Let’s see this process in action!
Step 1: Locate a potential Harmonic Price Pattern
I have shown Hourly chart of Ambuja Cement and market the potential harmonic pattern in forming

 

At this point in time, we’re not exactly..

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DRL,BoB and Bata India technical analysis

DRL

Holding 3194 stock is heading back to 3316/3356 odd levels in short term.

Buy above 3234 Tgt..

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