Today's intraday trading pick is on tata steel stock, which is already trading weak, down by about 2.4%. I would suggest intraday traders to short sell tatasteel around 396 for targets as 390 and then 387, while placing targets for this trade around 398 zone. Global demand for steel has seen a bit of slowdown as euro-zone crisis has emerged again and spoiling the risk rally again this year. Today ... [Continue Reading]
Trading Nifty Future Using Slow Stochastic Indicator for Intraday and Positional Trading
Market environments are always classified into 2 different types, 1. Trending Market 2. Ranging Market First we will see how to trade trending markets using slow stochastic indicator, let me show you this step by step: 1. Find out direction of the trend. 2. Look for trading opportunities in that direction. 3. If trend is up look for buying signals only, if trend is down search sell signals. 4. ... [Continue Reading]
Industrial Output Slows Down, How to Trade Nifty Future for Intraday
IIP data has been released today; we have been surprised by the data that was announced. We have seen contraction in industrial production for previous month. Market’s reaction was also in form of huge selling in stock like L&T, BHEL, SBIN, ICICI Bank, Reliance, Tata Steel, Tata Motors and many others, hence pulling nifty future to make new 52 week low. If we look at nifty future then there we ... [Continue Reading]
Why Positional Trade is better than Intraday Trading in Nifty Future
I am a full time trader and investor, having more than 9 years of trading experience in different financial assets. I have tried different types of trading strategies in different market environment. What my observation was, that positional based trading for nifty future is far more better than intraday trading in a long run. Statistically if you have large amount of data for analysis then your ... [Continue Reading]
Best Intraday Trading Strategy for Nifty Future, Using Technical Analysis Levels
Nifty future is one of the most traded contracts on the National stock exchange (NSE), many traders follows day trading method in their trading strategy. Markets are mostly unpredictable as per their nature, but using technical analysis a trader can maximize his chances of market prediction. These are simply based upon what they say combination of technical analysis and the fundamental analysis. ... [Continue Reading]
