Bank Nifty Weekly Analysis before RBI event

Last week we gave  Nifty Chopad level of 17126  .Bank Nifty did 1 target on downside and all 3 target on upside rewarding chopad followers by 500 points.  Lets analyze how to trade Bank Nifty going in RBI event.

Bank Nifty Hourly

Bank Nifty Trendline resistance comes @..

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Nifty Weekly Analysis before RBI event

Last week we gave  Nifty Chopad level of 8500 Nifty did 1 target on downside, 2 target on upside and 1 time triggered SL on long.Nifty  continued with its upward journey and make new life highs. Next week we have RBI credit policy on 2 Dec, which is keenly watched to see if Governor relents to give the much expected rate cut or will he give it a pass this time also. Market is factoring in 25BPS, any surprises can see violent moves coming.Lets see how to trade next week.

 Nifty Hourly Chart

Nifty Hourly charts has meet its trendline resistance @..

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How to become Millionaire with Consistent Success in Trading

What is the difference between Sachin Tendulkar and Virendra Shewag, Both have class of their own, infact Shewag palying style is far better than Sachin instead of this Sachin is remembered as All time Greatest whereas Shewag has been forgotten by most of the Cricketing fraternity.

The Big Difference is Consistency.

This leads me to my next point; Difference between a trader and professional trader ,Consitency in profit is what is a "BIG BIG" diffrence between a trader and  a professional trader . As a trader you may be right in one or two trades and make big money but in next few trades you lose your profit and in wost case you lose your capital means you are not trading professional and you lack the most basic skill of professional trader "Consistency".
Most of you know that is Arnold Schwarzenegger in the picture to the right, Arnold personifies the fact that consistency pays off physically, mentally and financially.
You’ve probably read about habits and how they are the “key” to success in trading and virtually everything else in life. However, I’m willing to bet you’ve found less information on HOW to go about obtaining these all-powerful habits. In today’s article , I’m going to give you a brief overview of the power of effective trading habits..

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FII FnO Data Analysis for 01 Dec

• FII's bought 77.3 K contract of Index Future worth 1933 cores, 65.4 K Long contract were added  by FII's and 11.9 K short contracts  were squared  off by FII's. Net Open Interest increased  by 53.4 K contract ,so FII's added long in Index Futures highest amount in recent times and squared off shorts. FII's are holding just 29.9 K contracts of shorts lowest in 2014.

Nifty continued with its bull run, Traders who followed our  of 100 point correction Theory as discussed in previous post  should have rewarded handsomely today. Below is the Monthly chart of Nifty its observed only 1 month December has given negative return, rest all months from 2004 has been positive in range of..

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HDFC,Tata Motors and Hindalco harmonic pattern

HDFC

Any close above 1160 stock is heading to 1185/1220

Buy above 1154 Tgt..

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Brent Crude Crashes 7%,after OPEC meeting

Oil Prices Collapse After OPEC Keeps Oil Production Unchanged

• OPEC KEEPS OIL PRODUCTION TARGET UNCHANGED AT 30M B/D: DELEGATE

WTI @70and Brent Crude (under $75 for first time since Sept 2010 are collapsing. Big Positive for India



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Nifty Outlook for December Series

• FII's bought 100 K contract of Index Future worth 2188 cores, 101 K Long contract were squared off by FII's and 143 K short contracts  were squared  off by FII's. Net Open Interest decreased  by 245 K contract ,so nothing major to read on today's data as FII's were in square off mode.

Nifty made low of 8438 so still in range of 100 point correction as discussed in previous post  so till 8430 is not broken bulls are safe and will march towards new high , and if 8430 is broken than we can see decline of 100 points in nifty. ATR chart of nifty is shown below,ATR has been reducing for the whole of November month signifying December is going to be..

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Bank Baroda,IDFC and Jubilant Harmonic pattern trading

Bank Baroda

Buy above 1015 Tgt ..

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FII FnO Data Analysis for November Expiry

• FII's bought 5 K contract of Index Future worth 114 cores, 32.6 K Long contract were added  by FII's and 27.6 K short contracts  were added by FII's. Net Open Interest increased  by 60.2 K contract , so FII's both added short in index futures and long in Index Futures.

Nifty made low of 8438 so still in range of 100 point correction as discussed in previous post  so till 8430 is not broken bulls are safe and will march towards new high , and if 8430 is broken than..

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Reliance,Tata Power and Sun TV trading plan

Reliance

Close above 996 stock is heading to 1008/1021/1042.

Buy above 995 Tgt...

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FII FnO Data Analysis for 26 Nov

• FII's sold 25.7K contract of Index Future worth 638 cores, 4.7 K Long contract were squared off by FII's and 20.9 K short contracts  were added by FII's. Net Open Interest decreased  by 16.1 K contract , so FII's added short in index futures and long in Index Futures.

As discussed yesterday It has been 24 days where Nifty has been rising and maximum correction seen is 100 points, so till we are seeing correction of less than or equal to 100 points buy all dips, Any pullback which extends 100 points will only lead to correction.  Today we saw a fall a decline for 106..

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JSW Energy,BHEL and Hero Moto harmonic pattern

JSW Energy

Unable to close above 89 stock is heading back to 84/81 levels.

Buy above 89 Tgt..

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FII FnO Data Analysis for 25 Nov

• FII's sold 613 contract of Index Future worth 49 cores, 2.9 K Long contract were added  by FII's and 3.5 K short contracts  were added by FII's. Net Open Interest increased  by 6.4 K contract , so FII's added both long and short in index futures.

Nifty continued with one way rise breaking above the resistance of 8490 and closing comfortable above 8530.  It has been 24 days where Nifty has been rising and maximum correction seen is 100 points, so till..

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Hind Petro,Havells and KTK Trading stratergy

Hind Petro

Buy above 537 Tgt..

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Bank Nifty Weekly Analysis November Expiry

Last week we gave  Nifty Chopad level of 17126  . Lets analyze how to trade Bank Nifty in coming expiry week.

Bank Nifty Hourly

Bank Nifty Trendline support comes @ 17700, Bank Nifty can rise all the way to 18500 before any profit booking comes in.

Bank Nifty EW Daily

Bank Nifty daily chart is showing impulsive 5 wave..

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Nifty Weekly Analysis November Expiry

Last week we gave  Nifty Chopad level of 8416  Nifty continued with its upward journey and make new life highs. Reserve Bank of India is scheduled to release the current account deficit (CAD) numbers for Q2 September 2014 on Monday, 24 November 2014, also Winter session will start . We have the expiry week so expect volatile moves.

 Nifty Hourly Chart

Nifty Hourly charts has meet its trendline resistance @ 8490,Breaking the same we can see another round upmove  till 8546/8597.

 Nifty EW Chart

 

EW on Hourly chart is shown above..

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Nifty Box Analysis

Nifty BOX Analysis

As seen in above Nifty Box Nifty made low of 2252 on 27 October 2008 and High of 6336 on..

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Nifty medium term view using Gann

As discussed on 15 Oct when Nifty was trading near 7723 above the possibility of 8500/8700 levels, Targets are on verge of Hitting..

Nifty has been in correction mode ever since it hit the High of 8180 on 08 Sep 2014, It has been in sideways choppy mode from that point of time.As discussed in our Facebook page we are seeing some big move coming in Nifty.
Using Gann 52 concept , classic technical Analysis I am putting forward the view till end of 2014, use the below view as an input to your trading/investing plan, Do not blindly follow the same, trading is all about probability and we are analyzing one of many probability.

1. Trendline Support

2. Hammer Candlestick formation

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The 7 Secret Elements To Successful Day Trading

1. Successful traders stay neutral:
Staying neutral means to be emotionally detached from your trading decisions. I've met many day traders that were emotionally suffering for the rest of the day after losing 1000 or even less and when they made 10000 they would be "on top of the world". They are definitely not trading neutral.
If you are like that, then your trading will definitely be driven by fear and greed; if you are down 1000 you probably don't want to take a loss, just because you know that you will be emotionally suffering. If you are up 10000 you might want more, even though you should take profits. Or you might end up taking profits way too early because you are afraid that the position might turn against you. The professionals don't let the day-to­day oscillations in their account faze them. The results of one week don't matter much, not even the monthly results. It's just a small blip of time in their career, so the day-to-day oscillations don't really matter. Emotional ups and downs are pretty normal for beginners. If they influence your trading decisions too much, then I would strongly advise you to go back to paper trading in order to gain the confidence you need to not let those oscillations affect you too much.
Staying neutral also means to see the price movements like they really are, not how you want them to be. You might all know the situation where a trade is going against you, and you start looking for other reasons why it is still a good trade and you should hold it. This is very dangerous since it leads people to breaking their stops and to lose big. Your entry and exit criteria has to be absolutely clear before you make a trade. Switching strategies while you are in a trade is one of the worst things you can do. You can always find a reason for your position to go up or down, but you don't see the actual price movement a..

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Rel Infra,Exide and Titan positional trading analysis

Titan

Any close below 364 stock is heading back to 356/343.

Buy above 369 Tgt..

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Nifty forms double top, FII Data Analysis

• FII's bought 6.7 K contract of Index Future worth 106 cores, 1.3 K Long contract were squared off by FII's and 8.1 K short contracts  were squared off  by FII's. Net Open Interest decreased  by 9.5 K contract , so FII booked profit in shorts in today's fall.

Nifty formed a double top @8455 and Evening star candlestick pattern and also broke its hourly channel  with break of 21/34 HSMA, so today we saw first time bears overpowering bulls, but still we are

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Reliance,Adani Port and Cipla channel trading

Reliance

Reliance is at crucial juncture, close above 990 stock is heading towards 1008/1021. Any close below 986 short term target 966/953.

Buy above 991 Tgt..

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FII FnO Data Analysis for 19 Nov

• FII's sold 7.6 K contract of Index Future worth 163 cores, 3.2 K Long contract were added by FII's and 10.8 K short contracts  were added  by FII's. Net Open Interest decreased  by 14.1K contract , so FII are adding shorts in aggressive manner, from past few trading session.

Nifty did another life high today@ 8455 trading very well in hourly channel 8464 on upside and 8400 on downside should be watched for tomorrow. Will this breakout be genuine or false will be know by Thursday. FII are exiting..

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Tata Steel,Rel Infra and Kotak Bank Intraday trading

Tata Steel

Buy above 480 Tgt..

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Bank Nifty Weekly Analysis for 17-21 Nov

Last week we gave  Nifty Chopad level of 17256 Bank Nifty did not close below 17256 once and achived 2 target. Lets analyze how to trade Bank Nifty in coming week.

Bank Nifty Hourly

Bank Nifty Trendline resistance comes @ 17675, Bank Nifty made high @ 17650 and turned back, now important support @ 17400 breaking the same can see quick fall till 17000/16800,else upmove to continue.

 Bank Nifty Daily Bias

Bank Nifty daily bias has reached the..

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Nifty Weekly Analysis for 17-21 Nov

Last week we gave  Nifty Chopad level of 8355  Nifty we expected correction but market continued its upward journey and moved up 50 points not a major move. Lets analyze how to trade nifty next week.

 Nifty Hourly Chart

Nifty Hourly charts has meet its trendline resistance @ 8411 unable to cross and break of 21 HEMA @8303 will see a quick fall till 8280 levels , Breaking the same can see deeper cut else bounceback again on cards till 8465/8500 levels.

Nifty Daily Chart

Nifty daily chart is also has formed a series of DOJI's and..

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FII F&O Data Analysis for 17 Nov

• FII's sold 15.7 K contract of Index Future worth 208 cores, 8.1 K Long contract were squared off by FII's and 7.6 K short contracts  were added  by FII's. Net Open Interest decreased  by460 contract , so FII have slowly started shorts in Index Futures and booked profit in long contract.

Nifty move pf past 8 trading session is shown below, range bound move in 125 point range with range contraction suggesting next week will lead to range expansion , On Upside if 8411 is broken 8450 is Fibonacci resistance, Any break below 8320/8280 will see Nifty correcting till 8200/8220 odd levels.FII have slowly started exited long position..

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SBI,BHEL and Century Gann Box Analysis

SBIN

Unable to close above 2728 stock is heading to 2673/2639/2584. Any close above 2735 stock is heading to 2817.

Buy above 2728 Tgt..

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FII FnO Data Analysis for 14 Nov

• FII's sold 13.5 K contract of Index Future worth 394 cores, 11.6 K Long contract were squared off by FII's and 1.8 K short contracts  were added  by FII's. Net Open Interest decreased  by 9.8 K contract , so FII have slowly started shorts in Index Futures and booked profit in long contract.

Nifty today did a follow up of gravestone doji candlestick formed yesterday ,  Dalal Street old saying came true again  Buy rumor , Sell news, On Upside if 8411 is broken 8450 is Fibonacci resistance, Any break below 8320/8280 will see Nifty correcting till 8200/8220 odd levels as shown in below 2 charts.We have SBI/Tata Motors and BHEL results tomorrow, SBI and Tata Motors is Index heavyweight so results will impact market. Grinding move is beneficial to Option writers  because of their option writing. Once, they start..

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Arvind,India Cement and Adani trendline trading analysis

India Cement

Unable to close above 110 stock is heading back to 102.

Buy above 109 Tgt..

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FII FnO Data Analysis for 12 Nov

• FII's sold 14.8 K contract of Index Future worth 347 cores, 1.3 K Long contract were added by FII's and 16.1 K short contracts  were added  by FII's. Net Open Interest increased  by 17.5 K contract , so FII have slowly started shorts in Index Futures.

Nifty has formed series of DOJI,  and today formed hanging man candlestick suggesting consolidation after rise of 660 points, As per past rallies in this year maximum range of a rally has been 650 points and nifty has completed and some consolidating with negative bias can be seen in coming session. 8350/8364 is important range unable to break and closing below 8300 can see some pullback to 8200 odd levels.

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BPCL,IRB and Ranbaxy technical analysis

BPCL

Any close below 754 stock is heading back to 700

Buy above 768 Tgt..

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Bata India,Ab Nuvo and PFC trading plan

Bata India

Any close below 1220 stock is heading towards 1180/1131

Buy above 1250 Tgt..

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Bank Nifty ready for correction,Weekly Analysis

Last week we gave  Nifty Chopad level of 17126 Bank Nifty Chopad Followers were rewarded by 520 points. Lets analyze how to trade Bank Nifty in coming week.

Bank Nifty Hourly

Bank Nifty Trendline resistance comes @ 17450, Bank Nifty made high @ 17425 and turned back, now important support @ 17106 breaking the same can see quick fall till 17000/16800,else upmove to continue.

Bank Nifty Hourly Elliot Wave

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Nifty ready for correction,Weekly Analysis

Last week we gave  Nifty Chopad level of 8355 and Nifty did 1 target on downside rewarding chopad followers by 55 points in a holiday shortened week, Lets analyze how to trade in expiry week as we have CPI/IIP data coming on Wednesday.

 Nifty Hourly Chart

Nifty Hourly charts has meet its trendline resistance @ 8365 unable to cross and break of 34 HEMA @8303 will see a quick fall till 8260/8270 levels where 21 HEMA lies, Breaking the same can see deeper cut else bounceback again on cards till 8365 levels.

Nifty Daily Chart

Nifty daily chart is also has formed a series of DOJI's and double..

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The Secret to Trading Success

If you’re reading this blog post because you actually think there is some one thing that successful traders know that unsuccessful ones don’t, then let me first say:
There is no single secret to successful trading!
And by that I mean there is no secret wisdom passed down from master to pupil, or sacred texts sharing with readers the knowledge of the ancient masters. The idea that some traders are using secret techniques which ensure their trading success and that without those secrets one cannot possibly trade well is farcical. That simply isn’t the way of things. Sorry to disappoint you if that was your thinking.
Trading success comes from developing for yourself a good, well thought-out trading plan. That’s a plan which is based on your personal needs, strengths, interests, and all of that. This is something which takes time. It will not happen in one day. It takes exploring and learning.
You will often hear from successful traders that it took them a couple of years before they really found their feet trading. I know that was certainly my own case. You try things. Some work and some don’t, and you make adjustments.
Remember, though, that a trading system is not a trading plan. It’s only part of one. (see the series of articles I wrote about building a trading plan starting with Creating Your Own Trading Plan.

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LT,M&M and PNB trading strategy

LT

Unable to close above 1686 stock will head back to 1632/1597.

Buy above 1666 Tgt..

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FII FnO Data Analysis for 07 Nov

• FII's bought 28.3 K contract of Index Future worth 721 cores, 52.2 K Long contract were added by FII's and 23.9 K short contracts  were added  by FII's. Net Open Interest increased  by 76.1 K contract , so FII have slowly started shorts in Index Futures.

• After rise of 2 days Nifty consolidated on Tuesday, 8350/8364 is important range unable to break and closing below 8300 can see some pullback to 8200 odd levels. Expect a big range day tomorrow as per time analysis.
  

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Dealing With Trading Losses

By embracing a loss, really feeling it, I tend to have less fear about a potential loss the next time around. If I can’t get over the emotions of taking a loss in twenty-four hours, then I’m trading too large or doing something else wrong. Also, the process of rehearsing potential losses and confronting actual losses helps me adapt to increasing levels of risk over time.My approach is to confront losses even before they materialize. I rehearse the process of losing. Whenever I take a position, I like to imagine what it would be like under the worst-case scenario. In doing so, I minimize the confusion if that situation actually develops. In my view, losses are a very important part of trading. When a loss happens, I believe in embracing it

Clear thinking, ability to stay focused, and extreme discipline. Discipline is number one: Take a theory and stick with it. But you also have to be open-minded

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Therapy for Traders to overcome loss

An experienced trader writes to me:
"I am having a good year trading but today marks the THIRD TIME this year that I've made a critical error which goes against my whole philosophy of trading.
I am a trend trader. That is how I make very consistent gains regardless of what the market is doing...I was buying a stock at levels where I believed it would bounce...of course the stock didn't bounce so I added more at lower levels and more even lower...
I got out of the trade on a rally, but it cost me the next two weeks of average profits...
I knew it was stupid when I was doing it, yet I continued to compound the problem. I didn't necessarily want to be right and make money on the trade, just minimize the losses (by buying more at lower levels)...
What I am not comfortable with is WHY I engaged in such risky behavior...what is the root, how do I find it, eradicate it?...The other two times were similar trades with similar results."
This is a very typical scenario that I help traders with. In this post, I'll walk you through how I view such problems and what I typically recommend.
The framework that I operate from, broadly speaking, is one that is known as brief therapy. These short-term approaches accelerate cognitive, emotional, and behavioral change by emphasizing hands-on skills building and the creation of powerful, new experiences that change how we view things.

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Bank Nifty Weekly Analysis

Last week we gave  Nifty Chopad level of 16476 Bank Nifty Chopad Followers were rewarded by 520 points. Lets analyze how to trade Bank Nifty in coming week.

Bank Nifty Hourly

Bank Nifty Trendline target comes @ 17000.Still it can move up till 17200 odd levels and than can see a decline till 16800/16400 odd levels.

Bank Nifty Hourly Elliot Wave

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Nifty Weekly Analysis

Last week we gave  Nifty Chopad level of 8026 and Nifty did 3 target of upside rewarding chopad followers by 179 points and in process making new life highs. Next week is Holiday shortened week as 4 Nov and 6 Nov are trading holiday and NSE doing disaster recovery so live data feed will not be avilable to most of traders.  We were able to catch the bottom of Nifty as per Nifty signal bottom formation, FII FnO Data Analysis Next week is first week in October month having 5 trading days and October expiry, so trade with extreme caution. Lets analyze how to trade in expiry week.

 Nifty Hourly Chart

Nifty Hourly charts has been on tear and rising like a phoenix with out signifcant correction..

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