Nifty Futures Feb series Overview

• FIIs sold 30419 contracts of Index Future worth 889  (98291 Long contracts were squared off and 72871 short contract  were squared off) with net Open Interest decreasing by 25470 contracts, so FII's squared off both longs and shorts, shorts in morning session and longs in evening session. NF played exactly in our range of 6028-6081 as discussed on Facebook page.
  

Nifty continued with its correction 5 day in a row, 328 points got corrected in 5 trading sessions, which has taken hard core bulls by surprise. Traders shorts as per PAC

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RBI turns out to be non event, Nifty trading strategy

• FIIs sold 546 contracts of Index Future  (22013 Longs were added and 22559 shorts were added ) with net Open Interest increasing by 44572 contracts, so FII's added both longs and short in equal number,so mostly we can have formed a panic bottom today.
  

 As discussed yesterday Unable to hold 6130 Nifty can see a swift fall to 6070 odd levels, RBI proved to be a trigger which saw a panic low formed at 6087 and than a..

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Black Monday on Dalal Street,How to trade NF and BNF on RBI day

• FIIs sold 17978 contracts of Index Future  worth 567  cores (2662 Longs were squared   and 15316 shorts were added ) with net Open Interest increasing by 12654 contracts, so FII's exited partial longs and added aggressive  shorts.For the month of Jan FII has almost 106829 contract of shorts so any good news on RBI front and Fed can lead to short covering by FII's.
  

It was Black Monday on Dalal Street with Nifty crashing most in 5 months, Nifty did a failed breakout, and Global Sell off lead to big gap down opening in Nifty. As seen

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Nifty near all time high, FII data analysis

• FIIs bought 3674 contracts of Index Future  worth 123 cores (3405 Longs were added  and 269 shorts were squared ) with net Open Interest increasing by 3136 contracts, so FII's added longs and exited partial shorts.
  

As discussed Nifty gave a breakout above 6327 but the follow up move is not coming. Nifty is just 16 points short of all time closing high, Tomorrow we have the weekly closing, Last 3..

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Trade when your set up says, not when your in mood to trade

You want to be trading opportunity, not your mood of the moment. – Brett Steenbarger
Many traders I have interacted during my training session, one of the basic reason for loss is trading on mood, Somehow trader gets a feel and he does some aggressive trade which ultimately lead to "BIG LOSSES". So lets discuss how can we control the aggression.
Is it time to be aggressive?
Are you sleeping today thinking how much money you’ll make tomorrow?  Are you counting your profits before you’ve even sold it?  Are you imagining tomorrow’s going to be another

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Nifty Trading Strategy for 20 Jan

• FIIs sold 3233 contracts of Index Future  worth 101 cores (17040 Longs were squared off and 13807 shorts were squared off) with net Open Interest decreasing by 30847 contracts, so FII's are square off mode in both longs and shorts.
  

Nifty again took support at 20 DMA as shown in below chart and bounces back again, Range contraction is visible in daily chart breakout..

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Market gives thumbs up to Narendra Modi's economic vision for India

Bharatiya Janata Party's (BJP's) prime ministerial candidate Narendra Modi on Sunday, 19 January 2014, came out with his vision for a new India ahead of the 2014 Lok Sabha elections, pledging to project the country as a brand worldwide if a BJP government was voted to power. The key elements of the Bharatiya Janata Party prime ministerial candidate's programme are urbanisation, infrastructure, education and healthcare, apart from cracking down on scourges such as inflation and black money. Modi said he wanted to reach out to every level of society to ensure that the benefits of economic change didn't just go to the advantaged. His wish list includes Indian Institutes of Technology, Indian Institutes of Management and All India Institutes of Medical Science in every state, 100 new smart cities and bullet trains to all four corners of the country. He said inflation - one of BJP's main election planks besides corruption and "mis-governance" by the UPA government - was the country's biggest predicament and said steps needed to be taken to contain it. The answer lay in farm data that was much more current than it is now and a fund

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Nifty Weekly Forcast

Last Week Chopad Level of 6183 got triggered on Monday and achieved all target on upside.

Nifty Hourly Chart

Nifty Hourly charts  took support at 50 HSMA and bounced back, Holding range of 6241 nifty can bounce back to 6337 odd levels.

Nifty Daily Chart

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Bank Nifty Weekly Forcast

Bank Nifty Hourly

Bank Nifty hourly charts is trading below its 50HSMA,11007-11116 range once crossed and see bulls coming back else its bear power all the way down till 10800-10600 odd levels.

Bank Nifty Daily

Bank Nifty on daily chart is near its trendline

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Nifty Futures Intraday Trading System

Nifty Futures Intraday Trading System helps a trader to trade nifty profitably. The core concept of trading system lies in the fact that

• Nifty remains in a range of  60 points for at least 10-13 trading session in an particular month expiry.
• We have at most 5 trading days when Nifty futures has trading range more than 80 points.

Keeping the above points  into consideration we have developed  Intraday Range trading system for Nifty Futures
Before we start discussing about the rules of system lets first understand why trade in..

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Using Your Intuition in trading

Using Your Intuition
Skilful traders know how to use their intuition to make quick, conclusive decisions. There are times when going with your "gut" instinct can be shrewdly accurate. There are also times, though, where your intuition can be dead wrong, and nothing more than wishful thinking. A seasoned, profitable trader knows the difference, and so should you.
The human mind is capable of making decisions without full, conscious awareness. An experienced driver, for example, doesn't need to pay close attention to every action. It's quite easy to automatically shift gears, hit the brakes, and avoid hitting an obstacle quickly and decisively without thinking. It takes practice, however. When we first learned how to drive, or when we bought a new car, it took a little time to process a vast array

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Nifty Trading Strategy for 17 Jan

• FIIs bought 11757 contracts of Index Future  worth 367.4 cores (15408 Longs were added  and 3651 shorts were added ) with net Open Interest increasing by 19059 contracts, so FII's are added majority longs and added partial shorts in index futures.
  

This is what we discussed yesterday Now comes difficult range

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Determination & Honesty in Trading

When you buy something, you want it to go up. When you sell something, you want it to go down. The chance of entering the trade correctly is small, but the chance of exiting the trade correctly is smaller. The chance of being right on both entering and exiting is the smallest. With such diminishing odds of coming through with a completely correct and, therefore, profitable trading campaign, the fewer decisions you make in the markets, the more profitable your trading should be. How many people actually get to sell at the top or buy at the bottom? At most, a handful in each reversal area. First, you must be a market follower, once the market has told you want it wants to do. If the market is a raging bull, you have no alternative but to buy. If it is bearish, you have no alternative but to sell

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Bulls rally on inflation data, Will nifty make new high ?

• FIIs bought 15354  contracts of Index Future  worth 486.6 cores (21443 Longs were added  and 6079 shorts were added ) with net Open Interest increasing by 27512 contracts, so FII's are added majority longs and added partial shorts in index futures so equation changed completely with inflation data.
  

As discussed in yesterday post, breakout above 6288 for target of 6337, Nifty made high of 6325 today, Traders do understand 

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HZL,BHEL and Yes Bank Trading Levels

Hindustan Zinc

 

 

Buy above 133 Tgt

 

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Nifty Consolidates after Big rally, How to trade now ?

• FIIs sold 13253  contracts of Index Future  worth 413.4 cores (4934 Longs were added  and 18187 shorts were added ) with net Open Interest increasing by 23121 contracts, so FII's are added majority shorts and added partial longs in index futures signalling range bound moves ahead.
  

After a big rally on Monday, Tuesday was a perfect day of..

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Tata Steel,IDFC and Bharti Airtel Trading Stratergy

Tata Steel

Positional trades should look for 377 level holding the same stock will bounce back to 385 390 in sort term. ANy close below 377 pullback till 369 and 356.
Intrady traders can use the below mentioned levels

Buy above 386 Tgt..

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Bulls back with bang, FII data analysis for 14 Jan

• FIIs bought 29672  contracts of Index Future  worth 913.6 cores (15906 Longs were added  and 13766  shorts were squared off ) with net Open Interest increasing by 2140 contracts, so FII's are covering their shorts and added longs in index futures.
  

As discussed in Weekly Analysis Nifty   above 6183 Bulls will rule and have been pointing out at strong fibo fan level, all came in conjunction to see a highest percentage gain by

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Nifty Weekly Analysis for 13 Jan Week

Last Week Chopad Level of 6207  dictated the trend and nifty did 1 target on downside.In the coming week, Q3 results of major index heavyweight TCS, Axis Bank, Bajaj Auto, HCL Technologies, HDFC Bank, Reliance Industries, ITC and Wipro will come out next week.Inflation based on consumer price index will come out on Monday, while that based on wholesale price index will be announced on Wednesday..Lets analyze how to trade next week in data heavy week.

Nifty Hourly Chart

Nifty Hourly charts  last week we mentioned

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Enemy Number One Fear – Part 2

Today’s post is a continuation of previous article where we discussed psychological aspects of trading. Most of the psychological difficulties in trading occur due to our emotions. In this 2 part series of articles, the emotion we want focus on is fear.
Fear certainly has its value in life. For example, a sense of fear could kick in as a warning of imminent danger and therefore could help protect us. In the market place, many traders do act and trade in/with fear. The question is why?
What imminent danger does a trader face? What causes that fear?
The questions are important because the best traders apparently trade with very little or almost no stress and fear. In that case, what do those traders know more and do differently?
A trader will have one of the following profiles:

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How to Trade Infosys before Q3 Results

Infosys Q3 Results will be declared before  Friday market opening this will result which will be coming out after stock has hit a fresh life high of 3575.
Infosys is famous for Wild swing after the Quarter results as shown in below chart . Except last quater when stock opened gap up of 4% but got sold off immediately,  Past 3 Quarters have been market with Huge gap up and gap downs by more than 10%.  So trading in Infosys is playing with fire 1 day before results day  :)

Most of traders use the option route to trade Infosys so am discussing

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REL, Rel Cap and IndusInd Bank trading strategy

Reliance

RIL is near its 200 DMA. from last many time stock has given a rally after touching its 200 DMA.Holding 843 on closing basis stock could go back to 898 in short term.

Buy above 851 Tgt..

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Nifty ready for a sharp move, FII FnO data analysis

• FIIs sold 16791 contracts of Index Future  worth 524 cores (14799 Longs were squared off and 16791 shorts were squared off ) with net Open Interest decreasing by 12807contracts, so FII's were squaring off both long and short today.
  

Nifty closed below its 50 SMA and ...

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Quiz Time: Are you Professional trader

Managing Risk as a trader is the most important consideration and if you answer NO to any of the following questions, then STOP TRADING until you can answer YES to all of them:

• Do you have a written trading plan that deals with risk management?
• Have you calculated the risk that you are comfortable with in every trade?
• Will you not place a trade, even though you have a healthy balance in your trading account, when you know that your risk exposure goes beyond the risk outlined in your trading plan?
• Have you

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FII FnO data analysis for 7 Jan

• FIIs sold 12844 contracts of Index Future  worth 396 cores (4106 Longs were added and 16950 shorts were added ) with net Open Interest increasing by 21056 contracts, so FII's added majority shorts and partial long as hedge in today's session.
  

Nifty closed below its 50 SMA and Bank Nifty below its 200 DMA, which is bearish for market in short term. Bullish only above 6225, on downside


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IDFC,Bank Baroda and Sun Pharma Trading levels

IDFC

Buy above 104.6 Tgt 

 

 

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Things Traders Confuse with Success

Many new traders deceive themselves. They celebrate small wins. They look for the magic solution to making money through a fail safe system. They believe a seminar or newsletter will change their life completely. The mistake trading for easy money and coaches and gurus for having that secret recipe for success. Well, there is none, there is simply trading robust methodologies that have an edge, while managing risk, and keeping the right mindset. Trading can be a very fruitful endeavor, but new traders need to quit looking to be given fish and learn to fish for their self. Don’t confuse these 10 things with trading success. New traders need to understand the difference between having a tug on their fishing line

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The Professional vs. Amateur’s Reaction to a Losing Trade

How can a professional take the same trade as an amateur yet end the trade at a profit or be in a better position psychologically after taking a loss? Every trader experiences losing trades. Professionals and amateurs may have similar outlooks on a market, but oftentimes they end up with different results.So lets discuss the main difference between a professional and amateur’s perspective.
Focus on your system’s effectiveness and not individual trade outcomes.This is the mantra of Professional Traders.
If you plan to become a successful trader, you will need more than one trade to make a career. Lessen the impact that each individual trade has. That way, you can accept losing trades without losing sleep.
Do not be afraid to exit when you notice the market moving against your trade outside of your accepted risk. Amateurs often become emotionally married to a losing trade when the market moves against them and they’re not ready to accept the loss. They keep the trade open and try to propose to them self why it’s a good idea to stay in as the market continually rejects their idea.
Being attached to the outcome..

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Nifty plunges 1.3% on panic selling, How to trade

• FIIs sold 817 contracts of Index Future  worth 26 cores (1894 Longs were added and 2711 shorts were added ) with net Open Interest increasing by 4605 contracts, so FII's added both  shorts and long in today's session. Again the fall today was not backed by FII's selling. FII will start trading actively only after 6 Jan, so volatile moves will continue. Do not surprised if we see an up move tomorrow.
  

As discussed in Weekly Analysis   Nifty broke the Weekly trend changer level of 6326 and achived almost 2 targets. We have been discussing from past 2 days,as per..

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Nifty Analysis for 02 Jan

• FIIs sold 384 contracts of Index Future  worth 15 cores (1310 Longs were added and 1694 shorts were added ) with net Open Interest increasing by 3004 contracts, so FII's added both  shorts and long in today's session. Today session shows how much we are dependent on FII's fund for trading.
  

Nifty index moved in narrow range on second consecutive day and formed an spinning top candle pattern, which indicates tug of war between

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Tata Motors, Tata Steel and Biocon stock analysis

Tata Motors

Positional trades should look for close above 377, Closing above it gives short term target of 385,390. Unable to do the same stock is heading towards 364 and 356.
Intraday traders can trade using below mentioned levels

Buy above 377 Tgt..

 

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Wish you a Happy & Prosperous New year, Nifty Analysis

• FIIs bought 503 contracts of Index Future  worth 13 cores (5227 Longs were added and 4724 shorts were added ) with net Open Interest increasing by 9951 contracts, so FII's added both  shorts and long in today's session.
  

Nifty gave highest Yearly and Monthly close and formed an inside candle which indicates sharp movement is due in the index either side. Also as per time analysis

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