Nifty bounce from gann trendline, demand zone,EOD Analysis

[ Saturday, February 13 | 0 comments ]
FII
  • FII's bought 15.6 K contract of Index Future worth 883 cores ,15.1 K Long contract were added by FII's and 0.5 K short contracts were covered by FII's. Net Open Interest increased  by 14.5 K contract, so fall in market was used by FII's to enter  long and  enter  shorts in  Index futures. Finding a 100 Percent Accurate Trading System
As discussed in Last Analysis   Now we are near 200 W SMA which we last touched on 25 Aug 2013 but we never closed below it, If Nifty has to maintain bullish undertone it need to close above 7100 tomorrow, else we are heading towards 6830-6860 zone where next levels of support lies. Nifty took support at 7860 made low of 7869 and jumped almost 150 points from the low, Also


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Bank Nifty forms Hammer near gann arc,EOD Analysis

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  • As discussed in last analysis  Now Bank Nifty is near its 200 W SMA, which if broken on weekly closing basis can see Bank nifty declining all the way till 12500-12800. Next demand zone lies 13600. Nifty continued with the fall and closed near its 200 W SMA also forming a Hammer candlestick near the gann arc, suggesting we are near bottom for the time being. Bulls need to close above 14338. Till it do not close above 14338 any rise will be short covering rally if and when it comes.  Finding a 100 Percent Accurate Trading System
Daily Gunner

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Larry Williams OOPS System for Swing Trading

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Today lets discuss stock market trading systems called larry williams  OOPS trading System which can be used for pattern applicable on ALL time frames, 1 minute, 5 minutes, hourly, daily, weekly, monthly or yearly stock market trading systems
History:
Back in 1979 Larry Williams published a description of a short-term trading method that is based on a pattern observed often in markets. The OOPS signal is a gap trading method that fades the direction of the opening gap. It is named thus, according to Williams, because when a broker would report to his clients that they were stopped out, he would call them and say, "Oops, we lost."
OOPS BUY
a) If you are watching daily charts, the first condition is that there has to be a SUSTAINED downtrend for a few trading sessions.I mean few Red Candles

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Finding a 100 Percent Accurate Trading System

[ Friday, February 12 | 0 comments ]
During my interaction with traders during my trading course,I came to know most of traders who loose money will keep changing their trading system the day it give them a loss. Till its milking money traders stick to it, but if 2-3 trades goes wrong they will keep the trading system on back burner and start searching for new one.
 
This whole attitude of changing the trading system is one of the biggest mistake of traders.
 
Traders will search through trading forums to find the next best trading system which will help them in earning profit they seek. Trader will try the new system again for few weeks and again once the system give 1-2 loss making trades , the system will be dumped and search for "next best trading system or trading indicator" will begin and the same never ending cycle will keep going on and on.
 
To stop falling in trap of such vicious cycle, Trader need to let go of the thought there is a "Holy Grail" system or a fool proof trading method which will win 100% of time. "Holy Grail" system has never exited till date and it will never exit. Now when u try to explain this to trader, 50% still do not believe me.


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M&M,Canara Bank and HPCL Gunner Analysis

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Canara Bank

Canara Bank


 
Intraday Traders can use the below mentioned levels

Buy above 174 Tgt


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