Nifty Weekly Technical Analysis for Week Starting 14 November

  Discipline - Majority of traders are not disciplined in their approach, else they would not be failing. These failed traders simply hate to hear the word Discipline! As Jack Schwager points out in his book, ‘The New Market Wizards’, “Discipline was probably the most frequent word used by the exceptional traders that I interviewed. Often it was mentioned in an almost apologetic tone: ‘I know you’ve heard this a million times before, but believe me, it’s really important’.”

Nifty Hourly

On Hourly charts Nifty after Opening Gap down at 5158 made an attempt to fill the gap but got resisted at 5198.
Gap between 5212-5198 remains to be filled and mostly should be filled on Monday.
Hourly charts are oversold and bounce back is due which can take us back to 5250-57 on Upside. Breach of ...

Read the Full Story