Open interest is the best tool to tell which direction traders are speculating in market, it may be stock future or index future, applicable in both. First of all we will discuss four golden rules about open interest which every F&O trader should follow strictly: If Nifty / Stock trades up and open interest up then long positions were added. If Nifty / Stock trades down and open interest up ... [Continue Reading]
Stock with Positive Breakout Today in NSE Nifty Index, Buy them on Dips
After covering the stocks with negative breakout in my previous article I am here with a list of Nifty index stocks which are giving positive breakout. Let’s begin with some defensive names: 1. Hindunilvr: This is FMCG company, stock has give a positive up move after breaking above 360 level, we are positive on this stock, and traders can keep looking for buying opportunity till stock enjoys above ... [Continue Reading]
Nifty Index Stocks Giving Negative Breakout, Stocks to Short Sell Today
Nifty index stocks that has broken below support level, gave a negative breakout. Hire is the list of them: 1. Reliance: Stock has broken support level of 900 level and so it’s a selling opportunity on charts. 2. State bank of India: SBIN has been negative after the results were announced and S&P has downgraded it. On break below 2000 level stock has become extremely negative. 3. BHEL: On ... [Continue Reading]