Ichimoku (Full name Ichimoku kinko hyo) is an all rounder indicator, it is mostly seen on screen of Japanese trader. But now this trading system (indicator) is very popular in every part of world. OK, now let me explain the elements of this indicator: Tenkan-sen (Fast moving average, by default 9 period) Kijun-sen (Slow moving average, default 29 period) Kumo (Known as cloud in ... [Continue Reading]
How NEWS can impact near term nifty future price action
NEWS do impact market as it decides the present and future fundamentals of companies and stocks. This week on Monday we have seen the event of RBI's credit policy (Central bank of India), this event decides the interest rates and have high impact on markets. Out come of RBI's policy was it kept the interest rates unchanged, but market was expecting a rate cut this time. Hence we have seen heavy ... [Continue Reading]
Nifty Future Intraday Trade, Buy Nifty Future Target 5045
Date: 8 June 2012. NSE Defty (Nifty in terms of US Dollar) has support on daily chart at 3135 level, right now this index is seen taking support and we will be looking for taking long positions in nifty future around 4985 zone with intraday target as 5020 and 5045 levels, stop loss should be placed at 4975 level. Slow stochastic indicator is oversold right now and bounce should be expected in ... [Continue Reading]
RBI Interest Rate Policy, Which Direction to Trade Nifty Future Today
RBI will cut interest rates in its monetary policy, credit policy, there are rumors in street and many analysts are expecting the same. Market analysis says, inflation was in control after a long struggle. Now there is need to shift the focus on growth rather than inflation, we have seen inflation and monetary tightening has almost paused the growth of different sectors. Continuous weakening of ... [Continue Reading]
Trading Nifty Futures Using Support and Resistance Basic Rules
Before trading Nifty Future let’s get to basic about support resistance, now support is a technical level or key level, from where stock / market starts to bounce, hence we say stock took support. Resistance is also technical level from where stock starts to fall. These were simple definitions of support and resistance; let us discuss some facts about support resistance before we actually apply it ... [Continue Reading]