Nifty Weekly Analysis for May F&O Expiry Week

[ Sunday, May 24 | 0 comments ]
Last week we gave Chopad Levels  of 8286 , Nifty did  3 target on upside  rewarded Chopad followers .   Lets analyze how to trade market in May F&O Expiry week.

Nifty Hourly Chart

nifty hourly
Nifty Hourly charts has broken on upside and above its 21/34 EMA, till 8424  is not broken hourly  trend remains on upside.Resistance at upper side comes @8500

Nifty Hourly Elliot Wave Chart

Nifty Hourly EW
Hourly charts if rising in abc pattern..
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Why Knowing The Direction Is Important

[ Saturday, May 23 | 0 comments ]
Trading with the trend is trading with the flow. When the prevailing trend is up, why would you want to look for short entries when buying might result in much smoother trades? Many amateur traders, even when facing a long lasting trend that has been going on for months, can’t stop looking for signs that the trend is over, whereas they could have made so much money by simply joining the trend.
Even more important, trading with the trend is independent from your overall trading strategy. Identifying the overall market direction and only trading in that direction can serve as a first filter for your trading strategy.

What Are You Looking For?

Before we start going over how to identify the trend, we should be clear about what we are looking for. Markets can do one of three things: go up, go down, or move sideways.

The picture above shows you the three possible scenarios, but knowing what has happened after the fact is always the easy part. The hard part is finding out what is currently happening when markets are moving in real time and the space on the right is empty – that’s where this article comes in. In what follows we show you 5 ways how you can identify the prevailing trend and the direction. To be clear, the article is not meant to show you how to identify trading entries, but to understand price and trends in a more efficient way.

1. The Simple Way: Line Graph


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The Highest-Earning Hedge Fund Managers & Traders

[ Friday, May 22 | 0 comments ]
Do traders make money is frequently asked question in my trading seminar?
I was very happy to discover that the Forbes Rich List was scattered with investors and hedge fund managers who have profited handsomely despite giving fundamentals a back seat.  Here are my favourites from the list:

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Chinese Stock Bubble: 2 Chinese Billionaires Half of Net Worth Wiped Out In Seconds

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Li Hejun began the day as either China’s second-richest man according to Forbes, or richest, according to the Hurun Report (China's version of the Forbes rich list) and Le Figaro, with a fortune worth more than $30 billion. By 11am, his net worth was amazingly cut by half, and he was almost $14 billion "poorer" as shares in Li’s flagship Hanergy Thin Film plunged by 47% in Hong Kong before trading was suspended - due to Li's absence at the company's annual meeting.
While four months of supercharged stock gains were eviscerated in minutes, it was not a surprise to everyone, as one analysts called Hanergy "a disaster waiting to happen," noting that the company is working with “unproven” technology and has disclosed few details about the work that underpins its valuation.
It was all going so well, and then...


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SBI,Amtek Auto and HDIL MML Forecast

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SBIN

SBIN

288 is trend change level close below it stock is heading to 275/267. Holding above it 310/322 short term target.
Intraday Traders can use the below mentioned levels

Buy above 291.5 Tgt..


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