Nifty and Bank Nifty Futures set to enter Sideways Mode?

NIFTY Hourly Charts

on 6th Dec Nifty Futures hit a intraday low of 8000 since then nifty had gained nearly 844.4 points in just 14 trading sessions. Literally Q3 Season, surprising RBI rate cut from RBI Governer and European QE had boosted the sentiment. Put writers are heavily building around 8500PE, 8600PE, 8700PE and right from the start of the series 8000PE maintains the highest open interest.

How to do Portfolio Backtesting in Amibroker

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Portfolio Trading (Trading with Multiple Stocks/Instruments) is the next big step in a traders life once he understand that he want to reduce the volatility in his trading strategy. And Amibroker comes handly when comes to portfolio back-testing. And this tutorial explains how to do portfolio back-testing step by step.

Event Spike an Introduction : Price Action Strategy

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A large parabolic movement which follows an event such as earnings announcement, Economic reports etc.called ” Event spike “. This move is all about feeding frenzy or herd behavior of market participants are influenced by price moment itself! Some people even refer to this as price reflexive.

ICICI Bank Launches Money Transfer through Twitter

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India’s largest private sector bank, ICICI Bank recently announced the launch of their banking services on Twitter. It is the first of its kind service in India that enables ICICI Bank customers to transfer money instantly to anyone in the country who has an active Twitter account.

Game Changer Trading Strategy for Nifty based on Supertrend

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Supertrend is a trend following indicator, which has around 40-45% hit ratio in five minute time frame. This means out of hundred trades (long + short) taken on basis of supertrend, approximately 45% will hit the target and in 55% the stoploss will be taken out. Even with this hit ratio supertrend is a clear winner because of using trend following.

Big Profit Players of Indian market

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Fat fingers, big pockets or Mystical market movers, call them whatever you like. But it is important to understand the large players in Indian market specifically. Most of us already know that smart money is everything although some of you might have no idea about these mystical players! Their origin and tactics, for what purpose they play in the market

Nifty Weekly Observation as on 19th Jan 2015

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Positive surprise from RBI was welcomed by market players and nifty future opened huge gap up in past week on Thursday trading session.From chart above one can clearly see the nifty future took support on the trendline after the breakout and is now trading well above the same. Momentum indicator is also signs of positive uptrend in short and medium term. The volume is also supporting the chart since the triangle breakout was on higher volume.

Trading the Volatile Markets with this simple technical strategy.

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If you are a regular reader of my articles, then you know “I hate technical indicators”. They are a derivative of price action, nothing more than a mathematical complex paralysis. My clients frequently question me-“Hey do you use any indicator”? Most probably my reply will be no-because majority of you guys know, I am a pure Price action trader!