Nifty completes ABCD harmonic pattern, How to trade now

[ Tuesday, August 26 | 0 comments ]
FII_1
  • FII's bought 4.7  K contract of Index Future worth 191 cores, 379 Long contract were added and 4.3 K short contracts  were squared off by FII's. Net Open Interest decreased  by 4 K contract , so FII are doing profit booking  in short Index Futures.
Nifty  did another life high today @ 7969 and saw a reversal after 2:30 PM, as seen in below hourly chart, expanding triangle pattern is forming in Nifty suggesting if 7785-7755 is not held...

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Bank Nifty Weekly Analysis for Aug F&O expiry

[ Sunday, August 24 | 0 comments ]
Last Week we gave Chopad Level of 15176  Bank Nifty did 3 target on upside , rewarding Chopad Followers , Bank Nifty made a breakout last week so lets analyze  how to trade Bank Nifty in coming week.

Bank Nifty Hourly

Bank Nifty Hourly
Bank Nifty hourly charts has given a breakout now the resistance of 15750 will become an important support.Negative divergence are visible in hourly charts but ..

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Nifty Weekly Analysis for Aug F&O expiry

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Last Week we gave Chopad level of 7801, Nifty did  3 target on upside our target was 7945 nifty did a high of 7930 and closing a record high and first time a weekly close above 7900.  Lets analyze how to trade Nifty in August F&O Expiry week.

 Nifty Hourly Chart

nifty hourly
Nifty Hourly charts is forming an expanding triangle formation which is bearish in nature if nifty close below 7900. Break and close below 7900 nifty can see 7800/7750 levels. Above 7932 the ....


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Nifty ready for Big move, FII Data Analysis

[ Wednesday, August 20 | 0 comments ]
FII_1
  • FII's bought 7  K contract of Index Future worth 276 cores, 2.7 K Long contract were added and 4.2 K short contracts  were squared off by FII's. Net Open Interest decreased  by 1.4 K contract , so FII are going long ans squaring off shorts in Index Futures.From start of series net on net basis  FII are holding 1.3 K Index longs and 22.1 K Index shorts. So still there bias is on downside.
Nifty did a fresh life high today @ 7922,Nifty has rallied 382  points in 8 trading session and formed a bearish engulfing pattern today, Also on hourly charts broke the channel bottom after 8 trading sessions, which gives initial target of 7800-7784. Als0 EW chart also gives the same target. This all levels get invalidated if Nifty starts trading above 7922 for 1 hour ..
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Why Do Traders Lose in Financial Market Part-I

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If you've been trading for a long time, you no doubt have felt that a monstrous, invisible hand sometimes reaches into your trading account and takes out money. It doesn't seem to matter how many books you buy, how many seminars you attend or how many hours you spend analyzing price charts, you just can't seem to prevent that invisible hand from depleting your trading account funds.
Which brings us to the question: Why do traders lose? Or maybe we should ask, "How do you stop the Hand?" Whether you are a seasoned professional or just thinking about opening your first trading account, the ability to stop the Hand is proportional to how well you understand and overcome the Five Fatal Flaws of trading. For each fatal flaw represents a finger on the invisible hand that wreaks havoc with your trading account.

Fatal Flaw No. 1 -- Lack of Methodology

If you aim to be a consistently successful trader, then you must have a defined trading methodology, which is simply a clear and concise way of looking at markets. Guessing or going by gut instinct won't work over the long run. If you don't have a defined trading methodology, then you don't have a way to know what constitutes a buy or sell signal. Moreover, you can't even consistently correctly identify the trend.
How to overcome this fatal flaw? Answer: Write down your methodology. Define in writing what your analytical tools are and, more importantly, how you use them. It doesn't matter whether you use the

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