bought 3.3 K contract of Index Future worth 211 cores ,6.1 K Long
contract were added by FII's and 2.8 K short contracts were added by
FII's. Net Open Interest increased by 9 K contract, so fall in market
was used by FII's to enter long and enter shorts in Index futures. Why Traders are unable to Follow Your Trading Plan
As discussed in last analysis
Holding 8130 target is 8200/8250. Big Bullish move only on close above
8250 for a move towards 8330/8370/8444. Bearish only on close below 8100
for a move towards 8050/7972. High made was 8190 near our target of 8200, Nifty closed just above 8100
As discussed in Last AnalysisBank
Nifty continue to trade near the gann angle and in range of
18200-18700, this range should get broken once the RBI Credit Policy
will be declared on 07 Dec. Traders should watch for break of 18700 on
upside for a target of 19000/19300. Bears will get active below 18150
for a move towards 17800/17750. In Between choppy move will continue in
range of 18200-18700. Bank Nifty broke 18150 but quickly
recovered and again closed above 18200 and gann angle suggesting still
the range was not broken. Till we are trading in range of 18200-18700
Buy support and Sell resistance is the best strategy. How Comfortable you are with your trading ?
People will go to great lengths attempting to avoid discomfort. And
as traders, much of what we do is in response to being uncomfortable. This is an extremely critical concept to understand and explains many trading problems and mistakes.
The problem is not in being uncomfortable per se, the real problem is that our efforts to avoid discomfort can easily end up making us feel worse.
If you can understand why you’re uncomfortable and what your typical
default reaction is to being uncomfortable, you will be well on the road
to trading success. Here are a few sign posts along the road to get you started: You avoid the discomfort of boredom by taking marginal trades. You try to avoid the discomfort associated with the fear of missing out by chasing. Continue Reading