ATR Volatility Long Only Trading System

ATR Volatility  Underwater Equity

Yet another ATR Volatility based Long only Trading System. ATR Volatility system a mechanical strategy for higher time-frames Written by Tudor Marcelin – Art Invest. Just modified the actual trading system to support trailing stoploss based rather than channel based trading system and added back testing functionality.

Nifty Future Report Weekly View 26th July 2014

Nifty Future

Price action still suggest a buy in dips market as bulls come at every support with buying. No major correction has been seen this past week. Short term traders watch 7790 and 7745 levels. Bias for the week will remain positive once 7790 above market sustains. Bears will be active if nifty future close below 7745 .

Small Banks and Payment Banks Explained

RBI

The reserve bank of India has recently announced the draft guidelines on two new types of banks. To achieve the financial targets of the government plans of launching small banks and payment banks are underway. The primary aim of launching these banks is to provide credit to the poor and help the marginal farmers improve their financial condition.

Nifty Future Report – Weekly View – 21st July 2014

Nifty Future Report

Nifty Future breakout from a rising wedge and made lows of 7445 this past week and made the Intraday high of 7692 and closed the week at 7669.35. For week starting Monday 21 July 2014 Nifty Future Will face stiff Hurdle at 7710 once sustain this level expect a rally towards 7750 7800 in coming days. The support for market is at 7645 7615. The 50 day SMA is @ 7489

Zinc – Major Reversal Chart Pattern in Forming.

zincweekly

Now zinc is trading around 2290 on lme & as we can see on weekly chart, there is a strong probability of an ABCD reversal pattern. If we look at daily chart , we find some reversal candlestick pattern also as well as indicators trading in over bought zone. We also witness a 261.8% feb correction just above the ABCD pattern finishing line. We probably use it as stoploss.

10 Rupee Coins to be issued on Diamond Jubilee of Coir Board

10 rupee coin

To Commemorate Diamond Jubilee of Coir Board the Reserve Bank will soon put to circulation Rs 10 denominated coins on the occasion of diamond jubilee of Coir Board. “The Government of India has minted the above mentioned coins which the Reserve Bank of India will shortly put into circulation.” the RBI said in its press release yesterday.