Is It possible to make money day trading part time ?

The first attraction for someone to enter market is the fantasy world of day trading where Traders think they can make huge money on small capital taking huge leverage. The attraction of day trading is that traders can very much control their own hours. Most of traders who gets involved in day trading are not professional but most of them want to make some side income with dabbling in stocks or they want to trade part time while working in office. So now the question arises  Can Money be made  Day Trading Part-Time ?  
First and Foremost let me clear the air which most of aspiring traders have ..

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Stock Trading Calls:HDIL,ITC and Cipla

HDIL

HDIL declined after posting bad set of numbers, Stock is approaching its falling trendline support of and demand zone of 43-44 range.Resistance on upside comes at 47 odd levels. RSI is showing positive divergence.

Buy above 45.5 TGt

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Nifty Future Technical Analysis for June F&O Series

• FIIs bought 37842 Contracts of Index Future ,worth 1168 cores with net Open Interest increasing by 47254 contracts, FII made fresh longs in market.Are you ready for Trading?

As expected Nifty closed above 6100, Tomorrow we have Q4 GDP data coming Exp 4.8%, Prior 4.5% and we have monthly closing also, Bulls will try to protect 6050 on closing basis. Nifty has resistance at..

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Traders Questionnaire

May Expiry is coming to an end, Have a look at your ledger and see were you able to make profit for the series. If yes Well and Good If no ask yourself the following questions:

1. Do I treat my trading like a business? Have I prepared for it the way I would for a business?
2. Do I have a trading plan—a working document (not a mental note) to guide my trading business?
3. Do I make mistakes regularly (a mistake means not following my rules)?
4. Am I following any corrective procedure to prevent mistakes?
5. Do I have a back tested trading system?
6. Do I know how..

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Japan Stock Market Rallied 70% in 6 Month Whats next ?

Interesting Observation From Historical Stock Market Moves
What happened in Japan last week (a 14% decline after a 85% rally since last fall) is an example of markets getting ahead of the facts on the ground.





But what happens next? After a 70% run-up over 6 months, how have stocks performed? The answer may surprise many...

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Expiry Stocks Calls:SBI,Ranbaxy and Canara Bank

SBI

SBI continued with downtrend after disastrous Q4 result, Stock has closed below its 200 DMA and is taking support at Fibo channel as shown in Chart. Unable to hold 2100 and closing below 2070 will add pressure on downside and levels of 1880 odd levels can be seen in extreme short term.

Buy above 2115 Tgt..

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FII F&O data analysis for May Derivative Expiry

• FIIs bought 13299 Contracts of Index Future ,worth 416 cores with net Open Interest increasing by 40161 contracts, FII made fresh longs in market.Reason for Rupee Depreciation against dollar

Tomorrow we have Nifty May Series Expiry, Nifty made low of 5860 and High of 6229 total range of 369 points. May expiry has been volatile in a trading range, Nifty is unable to cross resistance of 6130-45 on Upside and Strong support is on downside in range of 6040-6050. Mostly expiry should happen in the range of...


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Reason for Rupee Depreciation

As discussed in Morning post Rupee is trading near 8.5 month low,it has plunged almost 3% for the week. FII have been pumping money in India from the start of 2013 and for May alone we have seen flows of  $3 Billion mainly in Equities and Debt market. Also with $5.9 Billion Dollar Open offer by Hindustan Unilever in line, With such huge FII money flow Rupee is still trading at 56.25 which is kind of riddle for many people. Let me elaborate why Rupee is still trading at 8.5 month low.

Dollar trading at 3 year High

As discussed US Dollar at 3-Year High   USD has touched its 3 year High at 84.3, US stock market are at life highs,Strength in USD indicated recovery in US economy, We have seen a slew of data indicating the same. Housing Market is recovering, Job situation is improving which make market participants believe the US Fed will be tapering of QE Infinity. Gold which was safe heaven for investor has been quiet volatile off late, So investor looking for stable and non volatile instruments has

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UDS-INR Breakout above 56

Indian Rupee is trading at 9.5 month low and has given a breakout above 56. Rupee is currently trading at 56.15 and is heading towards its next important resistance of 56.47. Closing  Above 56.47 on weekly basis rupee is all heading towards its life high of 57.

USD INR 4 Hour Chart

 USD INR Daily Chart

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Technical Picks:ICICI Bank,Hero Honda and M&M

ICICI BANK

Icici Bank is approaching the higher end of trading range at 1238. Stock has been consolidating 1160 to 1230 in past few days. Break above 1240 can see an upmove till 1280 odd levels.

Buy above 1240 Tgt..

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Can you trade without Emotions ?

Yesterday I gave my analysis on United Spirits, Buy call got stopped out and Sell achieved the target but few traders called me yesterday, “Bramesh Sir, I am still Holding Long in United Spirits as per your analysis, I was bit taken back because we got stopped out in morning trade only and trade was moved to shorts which achieved the target. I asked why you do not keep SL, He said Sir I do not believe IN Stop loss”. I did explain him the importance of SL but I know they are falling in deaf years and till the person is not motivated and committed towards learning he/she will always end up as loser.
Emotions have no place in trading, especially for day traders as their holding period is for few hours only. Most of traders are searching for Magic Indicator or Holy Grail which will lead the desired results and will never cause any loss to them. But in Reality No matter what technical indicator or stock trading system that trader used, results is always the  losses. So where is the real problem It lies in Psyche of trader.

How to fight with Trading Emotions

If you want to conquer your trading emotions..

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Stock Trading: RIL, Sun Pharma and Indusind Bank

Reliance

Reliance formed a bullish engulfing pattern yesterday closing well above its 200 DMA, Now stock faces resistance at its 100 DMA 834 above which it will reach the top end of channel at 850.

Buy above 835 Tgt..

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Nifty Bounces from lower end of trading range, FII F&O Analysis

• FIIs bought 5526 Contracts of Index Future ,worth 167 cores with net Open Interest increasing by 5804 contracts, FII made fresh longs in market.Trading lessons

As discussed in Weekly Analysis Nifty took support at important level of 5937 which was 38% retracement which gave us good level to do partial profit booking and today our shorts got stopped out and Longs were triggered. Traders following trend changer level also longs got triggered in today's session at 6040...

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USD INR Weekly Trading Forecast

As discussed last week USD INR achived all target above trend deciding level 55.20.USD is very near to ots life time high of 57.28 and any close above 56 will lead towards the life highs. Lets analyze USD INR technical for coming week.

USD INR 4 Hour Chart

USD INR 4 hour chart will  enter the important trading  range of


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Bank Nifty corrects from Life Highs,Weekly Analysis

Last Week we gave Bank Nifty Trend Deciding level as 13355 ,stopped out on upside  and achieved all downside targets. Bank Nifty has made a fresh lifetime high of 13414 but was not sustainable on upside and gave way for profit booking as soon it start trading below our trend changer levels.

So lets discuss how to trade Bank Nifty in coming week as its an expiry week.

Bank Nifty Hourly

Bank Nifty is trading in perfect channel, took resistance at the higher end of channel and is now trading at the lower end of channel and near to its 200 HSMA@ 12700. Break below...


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Nifty Weekly Analysis before May F&O Expiry

Japan was the talk of the capital market last week, with Nikkie falling more than 1500 points in single day and post Lehman era scare was running down the streets. Indian Markets were also affected in global mayhem and Nifty falling and closing below 6000. Next week in May F&O expiry and market is bound to remain volatile, hence trade with caution.  Traders can access the following link to see Japan Stock Market Real time Charts.
Last week we gave Trend Deciding level as 6222 Nifty made a high of 6229,collapsed achieved all 3 weekly targets on downside

 Nifty Hourly Chart

Nifty Hourly charts is trading in prefect channel ..


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How much should be your Stock Trading Capital

Many traders have asked me this question, What shall be my Seed capital for trading. Shall this be 50K , 1 Lakh, 10 Lakh etc. Well as a trader you need to take informed decisions before you commit your capital to Mr. market.
Its a well known fact many of traders enter market due to lure of easy money, hearing stories some XYZ made 10 lakhs in matter of few days. As discussed in may of my previous article, Trading is the most difficult job and requires lot of hard work to be a successful profitable trader.
Having said this, still there will be a lot of adventurous individuals who will try to dabble in market without having proper knowledge on what they are doing and losing their hard earned money.Hopefully, I can still persuade those people to not risk their hard-earned savings where the odds are severely stacked against them ..


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How much should be your Stock Trading Capital

Many traders have asked me this question, What shall be my Seed capital for trading. Shall this be 50K , 1 Lakh, 10 Lakh etc. Well as a trader you need to take informed decisions before you commit your capital to Mr. market.
Its a well known fact many of traders enter market due to lure of easy money, hearing stories some XYZ made 10 lakhs in matter of few days. As discussed in may of my previous article, Trading is the most difficult job and requires lot of hard work to be a successful profitable trader.
Having said this, still there will be a lot of adventurous individuals who will try to dabble in market without having proper knowledge on what they are doing and losing their hard earned money.Hopefully, I can still persuade those people to not risk their hard-earned savings where the odds are severely stacked against them ..


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Stock Trading:DLF,Bajaj Auto and Axis Bank

DLF

DLF has broken below its trading range of with a bearish engulfing pattern,and is now very near to its trendline crosover zone, break below 210 stock is heading sub 200 levels.

Buy above 215.5 Tgt

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Bears ruling World Stock Market ,FII FnO Analysis

• FIIs sold 16077 Contracts of Index Future ,worth 496 cores with net Open Interest decreasing by 28723 contracts.Why traders lose money

Nifty opened gap down today after US Fed talk spooked world markets, Japan leading from front down almost 1500 points from high of the day, Japanese Stocks crashes 8% . I am firm believer of Price tells everything well in advance, as discussed yesterday we were short as per SAR system with SL of 6112..

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Japanese Stocks crashes 8%

Nikkie Japanese Stock market Plunge Over 800 Points - Biggest Drop In 22 Months
All the time it is just the quadrillion JPY second-largest bond market in the world that is experiencing volatility on an unprecedented scale, the BoJ and her partners in crime are more than willing to 'officially' say "please do not worry." But when the equity market - that barometer of everything good and holy about Abenomics starts to crater, you can bet the excuses will come fast and furious. Today's drop of over 800 points from the earlier highs is the largest drop for the Nikkei 225 since March 2011.

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Equity Trading:Bharti,Tech M and India Cement TA

Bharti Airtel

Bharti has formed a double bottom and double top and tranding firmly in its trading range of 302-332. Till stock keep trading in the range, Positional traders need to play for 30 points Buy at lower end and sell at higher end.

Buy above 313 Tgt..

 

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SBI Technical Analysis before Q4 results

State Bank of India is scheduled to declare its earnings for the quarter ended March 2013 on Thursday tomorrow during market hours around 1 PM. SBI being an index heavyweight will also decide the trend of Nifty. Its a great day to make money if you are on right side of trade. We have covered LT in today morning analysis and we were able to catch both upside and downside move as per levels :). So lets discuss SBI analysis in details.
Stock will be highly volatile today and traders are advised to use extreme caution when trading SBI, trade as per levels and stick with SL and keeping booking profit.

SBI Hourly

2271 is the trendline resistance on Hourly charts. High Volume Trade was done in

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India VIX near Breakout, FII F&O Analysis

• FIIs bought 18567 Contracts of Index Future ,worth 561 cores with net Open Interest increasing by 228951 contracts. Trading Basics
  

Nifty made a low of 6074 after opening gap up,Nifty has closed below the uptrending channel, follow up action is required to confirm breakdown.Tomorrow  SBI results are out which is both Nifty and Bank Nifty heavyweight so we will get a confirmation. As per SAR system we follow shorts were triggered...

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Trading Basics

• Remember that becoming a profitable trader is a journey, not just a destination. The perfect trader does not yet exist. Try to become a better trader each day and enjoy the progress you make. Concentrate on learning the craft of technical analysis and on improving your trading skills, rather than focusing solely on the amount of profit or losses in your trading.

• Congratulate yourself and feel good about a trade when you have done what you were supposed to do, according to your trading plan–regardless of the profit or loss on the trade.

Don’t get overly excited about the ...

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LT and SBI technical analysis before Results

For the reference of readers the performance sheet for the Month of May Expiry has been updated, can be accessed from http://tradingsystemperformance.blogspot.in/.AM happy to share we are in profit of Rs 1.19 lakhs. Hope readers following analysis are also minting money :).

Larsen and Tubro

LT will be coming out with its results today around 1 PM in afternoon. Stock has been consolidating in past 2 trading sessions and breakout/breakdown will follow today.Stock will be highly volatile today and traders are advised to use extreme caution when trading LT, trade as per levels and stick with SL

Buy above 1608 Tgt ..

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Nifty near crucial channel support, FII FnO Analysis

• FIIs bought 12509 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 384 cores with net Open Interest increasing by 27881 contracts, so FII have started shorting in Index futures as OI is rising significantly. Commodity Market Risk

Nifty made a low of 6102 in volatile session today, traders who are reading analysis would have made made good profit as Nifty turned back from trend deciding level of 6190 as discussed yesterday.Tomorrow market closing is very important as nifty is near the bottom of up trending channel...


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Commodity Market Risk

CME Gold futures and CME Silver futures had a most volatile move in recent time yesterday.  Precious metals were continued with their fall on monday morning  but staged a miraculous recovery leaving gold with its best gain since June 2012.
Gold which made a low of $1437 make a sharp pullback in evening session and pullback near $1400 odd levels.  CME silver Futures made a 12.5%, retested $ 23 after making a low of $19.7 move in single trading session with volume 82% higher than 100-day average.
So precious metals showing such wild moves,You can’t help but think about risk when you think about trading commodities. Any wrong trade without a strict Stop loss could have wiped you out of market.  I have seen many small traders with capital as low as 50K trade in commodity market and such wild moves wipe them out of market as they just trade on "LUCK", they have no trading system.

The aura of high risk in commodities ..

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Technical Picks:Bajaj Auto,PFC and Lupin

Bajaj Auto

Bajaj Auto has given a triangle breakout and Bulls are trying hard to close stock over 1870 which is 200 DMA. Close above 1870 will change the long term trend of stock and will head towards target of 1930 in short term.

Buy above 1870 Tgt..

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Nifty corrects from resistance zone,FII FnO Analysis

• FIIs bought 3947 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 116 cores with net Open Interest increasing by 12307 contracts, so profit booking done by  FII.  Have you take Positional Traders Fear Test

Nifty made a new 52 week high @6229 in morning above our Weekly Trend Deciding level  with a gap up. As per Gap theory, signs were clear Nifty will go for gap filling , hence intra shorts were active below 6221. As discussed in Weekly analysis Nifty has strong resistance in range of 6220-6222with negative divergence..

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Commodity Trading:Gold Silver and Crude Weekly Price Forecast

As discussed in US Dollar at 3-Year High, Whats next With the strong USD Silver and gold will be under pressure.Silver brokes its 2013 low today morning and Gold is heading towards its 2013 low of 1321, Currently trading at 1346$. Lets discuss the weekly price forecast of gold, silver and crude.

Gold Weekly Chart

As per Weekly charts gold is trading around its 200 WSMA@1445, unable to close above it gold will break its 2013 low of 1321 and head for 1250.

Gold Trend Deciding Level:

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USD INR Weekly Technical Analysis

As discussed last week USD INR has given a breakout above 53.84 and closed above the breakout level for 1 week. S&P negative outlook and rising current account deficit add more pressure on rupee.  Lets analyze USD INR technical for coming week.

USD INR 4 Hour Chart

USD INR 4 hour chart has broken out in  chart and is heading towards its swing high of 55.1 . This is what we discussed last week and Rupee made a high of 54.96 before turning back. Holding..

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Bank Nifty trading at Life Highs, Weekly Analysis

Last Week we gave Bank Nifty Trend Deciding level as 12800 and it did 2 target on downside and achieved all upside targets. Bank Nifty has made a fresh lifetime high of 13355 and closed above its previous life time high of 13303 on Nov 2010
As discussed in Nifty Weekly Analysis, Nifty gave a breakout above 6120 and Bank Nifty  above 12800, So lets discuss how to trade Bank Nifty in coming week.

Bank Nifty Hourly

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Nifty closes at Multi year high,Weekly Analysis

Last week was one of the most dramatic week in recent time with Sensex plunging 400 points on Monday and recovering and positing a spectacular 500 points rally and closing Market  above 28 week high. Standard and Poor affirming India’s sovereign rating at BBB- and saying that there was one in three chance of a rating downgrade over the next 12 months did not affect the market mood.Next week  SBI, L&T results this week.So lets see how to approach nifty trading for next week.
Last week we gave Trend Deciding level as 6120 Nifty achieved 1 weekly targets on upside and all 3 downside triggered.

 Nifty Hourly Chart

Nifty Hourly charts is now facing..

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risk reward analysis

Many traders I have interacted with every first question comes up "Bramesh What is Risk to Reward Ratio your system gives, I ask what is your expectation most of amateur will answer at least 80%." I just smile and try to explain the why traders looks for such rosy percentage.  We just need to understand the basic maths behind trading.
Most of professional traders are likely to lose atleast 35-35% of their trades and some even 60% of time. But still they make money, How is this possible. Let me elaborate with the same in remaining part of article.
Before you start trading make sure you and your mind understand losing is part of trading and losses will be there. So do not ge disheartened when you see losses..

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US Dollar at 3-Year High, Whats next

USD has surged to 3 year high as market rumors are going Fed will cut down on QE in coming months. USD is trading at 84.393 highest level sinse July 2010.Lets analyze technically how long can the move last.

USD Hourly Chart

As per hourly charts USD is trading above its Fibo channel line and next target comes at ..

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Are you BAD Trader?

Its an well known  adage in Stock market "90% of trader lose money, 5% are at breakeven and only 5% are highly profitable trader".
So trading seems to be highly profitable profession if you are in top 5%  but its a loss making profession for remaing 95%.
So let me discuss few characteristic of Bad traders

• A Bad trader will always be a forecaster of market tops and bottom, You will speculate that market cannot go above the certain level or cannot go down below certain level. You will involve bias in your trading and when market starts going against you , you will talk of all kind of conspiracy theories market is rigged, Operator are making stop losses hit etc.

“Don’t try to buy at the bottom and sell at the top. It can’t be done except by liars.” -Bernard Baruch

A sure way of analyzing yourself is Ask yourself the following question ..

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RIL, JP Associate and Hindalco Intraday trading levels

Reliance

RIL closed above its 200 DMA with bullish engulfing pattern, Stock once its crosses above 845 can see a breakout move till 870 in short term.

Buy above 844 Tgt..

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Nifty enter new trading range, FII FnO analysis

• FIIs bought 1948 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 62 cores with net Open Interest increasing by 24122 contracts, so again long addition by FII. Do and Don’ts before you start trading

After big move yesterday its time for market to catch its breath and nifty consolidated in our trading range and made exact high at 6198  as give on facebook page

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Gold Breaks $1400

As discussed in the following post How a Fibonacci Ratio Showed an Important Resistance and Support Level in Gold After retracing 61.8% of the gold crash, spot gold prices have fallen back and are now trading back under the psychologically important $1400 for the first time in four weeks.  This also ascertain to our fact that Should Gold be bought on Akshaya Tritiya  

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Nifty gives breakout, FII FnO Analysis

• FIIs bought 8097 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 246 cores with net Open Interest increasing by 24963  contracts, so again long addition by FII. Want to be Successful Trader ?

As discussed yesterday Nifty is set to make a decisive move and market oblized us. Losses which were made on Tuesday got wiped off in 1 day and huge profits were also made. This is what I have been telling to readers and teaching my students. "Trust on System". Nifty opened at 6018


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Intraday Technical Stock Calls: IDFC,ONGC and Ranbaxy

IDFC

IDFC has been trading a in a downtrend channel and has given a breakout above the channel and closed above its 200 DMA also with a bullish engulfing pattern. Stocks looks ripe to touch its next level of resistance@162

Buy above 159 Tgt..

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Nasdaq-100 Breaks 3000 after a decade

Nasdaq -100 does it after 13 long years and with over 4 trillon of liquidity pumped by fed. Its up more than 195% from the Nov 2008 lows during the financial crisisi. After 13 long years , the Nasdaq-100 has now broken back above the magical 3000 level.


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How to take trading to next level ?

Nifty at 28 Month High Sensex above 20000, but how many traders went long in market in morning trade. Yesterday as i discussed Nifty gave whipsaw and we were expecting a explosive move. It came, but million dollar question did traders went long in morning or kept shorting at higher levels. Well i have emphasized many time of importance of trading system and trading psychology in trading profitably.Today let me share few more ideas which can help in improving your trading and taking it to the next level.
1) Trading is not about P/L, Money is a sub product of trading right. Trading is more about managing risk, how to take losses and how well can you mamge your emotional side. Self-improvement starts with..

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Technical Pick: Tata Motors,Bajaj Auto and Tata Global

Tata Global

Tata Global has formed a swing high at 153.4, stock has been falling from that level. Today's fall it took support at falling trendline at 139. Holding the same bounceback can be expected else 130 odd levels are on cards.

Buy above 142.5 Tgt ..

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Nifty consolidates in range, FII FnO Analysis

• FIIs bought 10918 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 325 cores with net Open Interest increasing by 39232  contracts, so again long addition by FII. Want to be Successful Trader ?

Today was the taxing day for traders as Nifty kept swinging  between..

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Want to be Successful Trader ?

By Robert Prechter, Jr. President and Founder of Elliott Wave International
When I first began trading, I did what many others who start out in the markets do: I developed a list of trading rules. I created the list piecemeal, with each new rule added, usually, following the conclusion of an unsuccessful trade. I continually asked myself what I would do differently next time to make sure that this mistake would not recur. Approximately six months after I completed my carved-in-stone list of 16 trading rules, I balled up the paper and threw it into the trash.
What was the problem? My error was in taking aim at the last trade each time, as if the next trading situation would present a similar problem.
Here's an example. One of the most popular trading maxim

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Stocks Trading Calls: LT,ITC and Axis Bank

Axis Bank

Axis bank has been trading in range of 1530-1445, from past 10 trading sessions. Break of the range below 1445 can see the stock correcting till 1370 odd levels.

Buy above 1457 Tgt..

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Nifty Sell off, FII FnO Analysis for 14 May

• FIIs sold 1312 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 39 cores with net Open Interest decreasing by 20896  contracts, so liquidation by FII and no shorts taken as of now. Should Gold be bought on Akshaya Tritiya

As discussed in Weekly analysis for momentum to continue Nifty should cross 6120 else we can see a pullback. Nifty closed below its key psychological level of 6000. It touched a high of 6,104.95 and a low of 5972.90 in trade today. Sensex had the biggest one day fall in 14 months. The fall was accentuated by Trade deficit for April widened significantly to USD 17.8 bn as compared to around USD 10.3 bn in March. As indicated in Morning Rupee heading for breakout

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Should Gold be bought on Akshaya Tritiya

Today we have the auspicious occasion of Akshaya Tritiya, It is considered to be an  auspicious day for buying precious metals in the Hindu culture.Most of people will be buying Gold as "Shugan" but should you invest heavily in Gold now as it has come down from high of 33K to low of 26K. My answer is No, Let me put down my reasoning.

• Technically Gold is trading below its 200 DMA, which suggests its in Bear market.Once the Support of $1427 is broken , Gold will see a free fall. Level as low as 1200$ can be seen.

Gold prices have slipped almost ..

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USD INR breakout

As discussed last week USD INR is near an all important support of 53.84, Holding the same bounceback is expected. USD Crossed our Trend Deciding level 54.15 and achived our target of 54.98 . Lets analyze USD INR technical for coming week.

USD INR 4 Hour Chart

USD INR 4 hour chart has broken..

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Bank Nifty Weekly Technical Analysis

Last Week we gave Bank Nifty Trend Deciding level as 12363 and it did 1 target on downside and achieved all upside targets.
As discussed in Nifty Weekly Analysis, Nifty gave a breakout but Bank Nifty will give only above 12800, So lets discuss how to trade Bank Nifty in coming week.

Bank Nifty Hourly

Bank Nifty has been facing resistance at  12783 odd levels and formed multiple resistance in that line also forming an triangle formation which will breakout above 12800, failing to do so pullback till 12300 can be seen...

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Nifty Heading for Life Highs, Weekly Analysis

Nifty closed above  6100 first time in 2 years on the auspicious eve of Aksahy Tirtha , Developed markets are life time highs and nifty is also following suit. After RBI disappointment, Bulls were back on their feet and got the momentum back. Many traders are shorting the Nifty, thinking we cannot go further than this or this is short term top, I will request my readers to refrain from such trades, Just be with the flow or stay out of market but never ever go against the trend.

So lets see how to approach nifty trading for next week.
Last week we gave Trend Deciding level as 5978 Nifty achieved all weekly targets on upside.

 Nifty Hourly Chart

Nifty Hourly charts has broken the trendline from..

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Are you victim of Fear Of Losing Money while trading?

As any other Business, Losses are part of trading , As a trader you are going to losses money and some point of time. Most of traders search for "Holy Grail" trading system which give them accuracy of 80-90%. Such system are advertised all over, Tip provider claim we give you 90% accuracy tips but all that is just a marketing gimmick. In reality no such system has exists or will exists. If you still think for Holy grail system or fall in trap of tip provider stop trading from today onwards and protect your hard earned money.
As cliché as it may sound, losing really is part of winning as a trader; the two are inseparable. If you don’t learn how to lose properly you will never make consistent money as a trader.
In reality all Professional  traders loose money, Be it be Rakesh Jhunjhunwala or any leading FII's, They understand that it’s just part of the “game”, but they make sure they have capital to live another day . Sadly, for many retail traders,  every trade is accompanied by a tremendous FEAR of losing money.

Lets analyses why traders

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Trading Weaknesses

Trading is a Skill and it takes time to develop the Skill.Trading is simply like learning to drive a car, it is a skill that anyone can learn. Trading doesn't take extreme intelligence or any superhuman gifts, it simply is hard work, just like learning to drive a car.
Any person who need to become master of a particular skill needs to work on his weakness. Same apply to trading. One advantage of trading is most of traders have the same weakness, Person needs to realize the weakness and work on it to get rid of them. Let me discuss few generic trading weakness and how to get rid of them.
1. Trading very frequently.

How many times have you had a profitable week, only to give it all back at the end of the week on a few trades? Once traders losses
The other common problem with..

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Stock Technical Analysis: PNB, Jubilant Food and LIC Housing

Jubilant Food

Jubilant came up with a bad set of numbers, stock took a beating in last 1 hour. Stock closed below important support of 1020which stock has held from past 1 year. Break of 1020 on weekly basis will spell trouble for bulls.

Buy above 1030 Tgt..

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Nifty forms double Top, FII FnO Analyis for 10 May

• FIIs bought 10731 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 327 cores with net Open Interest increasing by 13387 contracts still building longs. How George Soros made $60m in 20 Hours

We indicated in our analysis Nifty is heading towards the next important zone of resistance of 6071-6082, and for last 2 days Nifty made high of 6084 and 6085 subsequently giving indication of formation of..

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How George Soros made $60m in 20 Hours

If media reports are to be believed, billionaire investor George Soros has raked in more than $18 million from a single $1 billion punt on the Australian dollar ahead of Tuesday’s Reserve Bank of Australia rate cut.
“Best of all, it appears the 82-year-old American pulled off the deal three times, all with difference foreign exchange brokers in Asia, for a tidy profit of almost $US60 million,”
Reports this morning have George Soros making a cool $60 million on his Australian dollar short in less than two days.
I’ve tried to piece together the various snippets I’ve heard.
He started the short building from just above 1.0300 on Monday and added around 1.0280.


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Reason for another recession in USA

US Stock market are life time High and but on economic indicators are warning USA is heading for another recession.
So why do U.S. stocks continue to skyrocket? As per History Stock market in intial stage ignore the reality and keep pushing yp with so much liquidity around pumped by Fed and ECB.   Unfortunately, as we have seen so many times in the past, when stocks do catch up with reality they tend to do so very rapidly.  So you better put on your seatbelts because a crash is coming at some point.
Lets discuss the reason which are giving inkling another recession is coming.
1. The price of copper has traditionally been one of the very best indicators of the future performance of the U.S. economy.  The fact that it is down nearly 20 percent so far this year shows manufacturing activity is slowing down.
2. Retail sales of clothing is growing..

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Realistic Returns in Commodity Trading

I was having a talk with one of my friend who recently started trading commodities, He trades in Gold and Crude. As all new traders he had very high expectation, he was telling me that few of his friends made very good money trading commodities and  he was really excited in trading commodities, I asked him what kind of return are you expecting out of his trading and he said 50-100% per month. I was taken back on hearing this answer and gave him some basic idea of how to approach trading with realistic expectation.Sharing part of conversation with readers.
One of the biggest mistakes new commodity traders make is having unrealistic expectations before they even place their first trade. The commodity markets are highly leveraged investments, which increases profits for disciplined traders and rapidly drains the accounts of reckless traders.
Commodities are highly leveraged instruments and  can have 20 to 1 leverage,  so you just need to have a 5% margin and you are ready to take positions, For example, gold futures

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Daily Trading Strategy:IDFC,Hero Moto and Century Textile

CenturyTextile

Century has broken out of its resistance zone of and closed above its 50 SMA.Follow up action should be seen today and move towards next zone resistance of 327

Buy above 318.5 Tgt

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Nifty Breakout FII FnO Data Analysis for 08 May trade in NF

• FIIs bought 17972 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 540 cores with net Open Interest increasing by31232 contracts. We indicated yesterday FII has again started going long in Index Futures, near our trend changer levels and today also added long .  Great Trader Characteristics

Yesterday we discussed based on our analysis nifty will give big move and today market rewarded us. Nifty witnessed sharp upside breakout today..


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Qualities of Great Trader

Great traders that we have had the pleasure to know and to be around, on exchange floors and on trade desks, had certain repeatable traits that all level traders can learn, or take something from;

• Having Confidence on themselves and Discipline on their trading system
• Faith in their own ability.
• Humility, and a willingness to accept defeat as graciously as accepting success.
• Desire to work ..

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Stock Trading Chart: HDFC, RIL and KTK Bank

HDFC

HDFC forming a small descending triangle formation and breakout should come soon.

Buy above 854..

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Nifty Technical Analysis as per FII Data

• FIIs bought 14199 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 422 cores with net Open Interest increasing by 21579 contracts.FII has again started going long in Index Futures near our trend changer levels.  The Big Trader’s Secret

Nifty formed low

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USD INR Weekly Technical Analysis

USD INR 4 Hour Chart

USD INR 4 hour chart is trading in a downtrending channel,with support coming at 53.84. On Upside range of 54.18-52.21 is all important zone of resistance. So range bound move to continue.

 USD INR Daily Chart

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NF and Bank NF Trend Changer Level

• FIIs sold 569 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 13 cores with net Open Interest increasing by 6211 contracts.FII's have booking profit in longs and shorting Index on conservative basis. FII average trading price comes at 4433 suggesting all they have done in intraday trading on RBI day.  The Big Trader’s Secret

In Weekly analysis..


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Intraday Stock recommendation:Tata Motors,DLF and RCOM

For the reference of readers the performance sheet for the Month of April/March Expiry has been updated, can be accessed from http://tradingsystemperformance.blogspot.in/.

DLF

DLF has been bouncing from Fibo Channel support from last 5 times.Above is 4 hour chart of DLF and 222-225 has provided support and lead to bounceback till 250 odd levels.

Buy above 234

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Bank Nifty Weekly Chart Analysis

Bank Nifty Hourly

Bank Nifty has been facing resistance at 50 Hourly SMA @12585.Holding 12361 upmove till 12585 can be seen.

Bank Nifty Daily

Bank Nifty has broken the up trending channel and..

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