I am having a trade setup on Bank Nifty future, while looking at the daily chart I see some resistance on bank nifty future at 9900 zone (Spot Level). I will be looking for short selling opportunity around 9900 level (Spot Level), for trading target 9700 level (Spot Level) while placing stop at 10000 zone (Spot Level). Look at the Bank Nifty chart: You can also see 100 EMA acting as resistance ... [Continue Reading]
Technical Analysis: Short Sell Bank of Baroda, Resistance at 722 Zone
Ban of Baroda has very strong resistance at 722 zone and will not be able to break above that zone easily, so advice will be short sell bank of Baroda around 720 for target as 700 and then 793 level, while placing stop loss orders at 730 level. It is positional trade and hence I recommend to take short positions on BANKBARODA June futures contract, entry and target levels are based upon cash ... [Continue Reading]
NSE Stocks that are in Strong Uptrend on Charts
Trading in the direction of trend has proved to be very profitable strategy in any financial market. Same thing applies for stock market, so I have prepared a list of few NSE stocks that are in a strong uptrend on charts. This list updated on 5 June 2012. Here is the list of such stocks: Ajanta Pharma Amara Raja Batteries Apollo Tyre Asian Paints Balkrishna Industries Bata India Berger ... [Continue Reading]
[Update] Nifty options Open Interest in MS Excel Sheet
Beginning of this June F&O series, nifty options open interest application on excel was displaying data in incorrect way. So I have gone through the issue and have updated the data selection for OI graph. For June month you will need to download copy of this tiny application for nifty options, as highest and lowest end strike witnessed some open interest build up. This tool is very useful in ... [Continue Reading]
Intraday: Nifty future seeing buying on lower levels, Bullish for today
Nifty future has corrected by 1.25% today, I am seeing buying at lower levels on intraday charts of nifty future. I think Nifty is forming some base for intraday bounce around 4855 zone, so I suggest traders to go long on nifty future around 4855 zone for intraday gain of 25 points and stop loss of 15 points. Indian Rupee is also looking stable on charts, this would help nifty future to move ... [Continue Reading]
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