When I started my trading career almost 6 years back, I didn't even know what was nifty future and why people traded nifty and not sensex. After going though few years of learning experience I saw that Nifty future was the better instrument to trade. However I did mostly intraday trading then. From my personal experience if you apply technical analysis to nifty future, you will find that nifty ... [Continue Reading]
Technical Analysis: Buy FMGOETZE for short term, Trendline support
Federal-Mogul Goetze is a mid-cap stock and has been in a strong uptrend since 2009 and I believe it to continue for some time. This stock is taking support on a advancing trend-line, as I see the weekly chart sock has already approached trend-line. So its a buy recommendation on this stock for short term. Trading volume of last session, were much higher than its monthly average. Higher volume at ... [Continue Reading]
Nifty Options Low risk trade, Buy Nifty 5200 Put Option
Nifty has bounced by testing the trend line on 15 minute chart, Also daily chart suggest me of a resistance level which is at 5175 and then 5200 zone. So instead of short selling at that resistance I will buy nifty 5200 put option at 62 level, target will be 74 and 79, I will also exit this strategy if nifty future breaks above 5200 level and book my loss. This strategy has limited risk as we are ... [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]
Finding Tops and Bottoms Using Technical Analysis and Fundamental Analysis
Technical analysis and fundamental analysis when combined, yields much accurate and better trade setups. There is simple line you need to follow “Know the fundamentals and trade the technicals”. So according to this statement traders need to know the fundamental of the current market, fundamentals like IIP data, inflation, GDP figures, Interest rate decision. Finding Tops and Bottoms: Next ... [Continue Reading]
