Nifty bulls protect 7720,EOD Analysis

[ Tuesday, May 24 | 0 comments ]
FII
  • FII's sold 6.6 K contract of Index Future worth 373 cores ,9.3 K Long contract were added by FII's and 15.9 K short contracts were added by FII's. Net Open Interest increased  by 25.2 K contract, so rise in market was used by FII's to enter long and enter shorts  in  Index futures.Ways to Improve Discipline in Trading
As discussed in last analysis Break of 7720 tomorrow can see nifty moving towards 7678 and break above 7777 again a move towards 7834. Nifty made low of 7716 just tad below 7720 and quickly recovered but still unable to close above 7777, expect impulsive move in next
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Bank Nifty Bulls protects 16350,EOD Analysis

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  • As discussed in last analysis If we close below 16349 tomorrow we can fall till 16000 till expiry, Bullish only on close above 16431. Low made today was 16368 so 16350 was not broken and high made was 16501  and we closed above 16431, so bulls have upper hand now and above 16500 can take index to 16734/16792.  Ways to Improve Discipline in Trading
Daily Gunner

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Ways to Improve Discipline in Trading

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Its an well known fact 90% of traders lose money and one of the reason for Losing is not having discipline in their trading. Many trader will say only people having insider Info,knowing a holy grail trading system,FII etc can make money. The fact is anyone can make money if he follows his trading plan with discipline. The truth is, self-discipline is a learned skill, not an innate characteristic.

Only way to improve your self-discipline is through dedicated practice.Any Change is difficult and it takes time but with dedication and persistence it can be achieved and you can see dramatic improvement in your trading.
How to  increase your Trading discipline:
Know Your Weaknesses If you know neither the enemy nor yourself, you will succumb in every battle. This is the problem with most of the traders
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Nifty continues to trade below 7777,EOD Analysis

[ Monday, May 23 | 0 comments ]
FII
  • FII's bought 6 K contract of Index Future worth 325 cores ,9.6 K Long contract were added by FII's and 3.6 K short contracts were added by FII's. Net Open Interest increased  by 13.3 K contract, so fall in market was used by FII's to enter long and enter shorts  in  Index futures.How trading brain Works ?
As discussed in last analysis Close below 7777  can see nifty going till 7678/7546 in coming session If we move above 7777, again we can move above 7834 Nifty opened with gap up made high of 7820 and started drifting down, Bears became active once 7777


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Will Bank Nifty break 16350,EOD Analysis

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As discussed in last analysis   As we have gann trendline also near 16500, so need to be extra cautious in coming week as if 16500 get broken we can see quick downfall till 16300-16250. Bullish only on close above 16792.  we need to see a follow up down move on Monday below 16431 for a fall till 16349/16200. Low made today was 16368 almost doing 16349, If we close below 16349 tommorw we can fall till 16000 till expiry, BUllish only on close above 16431.How trading brain Works ?

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