Nifty heading for 1*2 gann line,FII FnO Data Analysis

• FII's bought 16.9 K contract of Index Future worth 353 cores ,33.6 K Long contract were added by FII's and 16.7 K  short contracts  were added  by FII's. Net Open Interest increased  by 50.3 K contract, so todays rise was used by FII's to enter longs in index futures 95% of Retail Forex Traders Lose Money – Is This Fact, or Fiction?

Nifty saw consolidation in most past of day in range of 8300-8340 and finally broke out in last hour of trade, moves are coming in last 1 hour in past few trading sessions. Nifty is entering

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Hexaware,ONGC and Bharat Forge Harmonic Analysis

Hexaware

Positional/Swing Traders can use the below mentioned levels

Unable to close above 254 short term target 246 and 241

 

Intraday Traders can use the below mentioned levels

Buy above 254 Tgt..

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Nifty bounce from pyrapoint support,FII FnO Data Analysis

• FII's bought 35.1 K contract of Index Future worth 547 cores ,53.4 K Long contract were added by FII's and 18.2 K  short contracts  were added  by FII's. Net Open Interest increased  by 71.7 K contract, so todays fall was used by FII's to enter longs in index futures 95% of Retail Forex Traders Lose Money – Is This Fact, or Fiction?

Nifty saw a gap down opening made low exactly at Pyrapoint 90 degree line as we discussed in our weekly analysis and saw a sharp bounceback in last hour. Also as per gunner we took support at green arc and saw a decent bounceback. For tomorrow 45 degree line @8345 will act as resistance and gunner

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95% of Retail Forex Traders Lose Money – Is This Fact, or Fiction?

Interesting Study by TOI:Indian Retail Investor/trader lost 84000  cores in 18 month period. Thats a Huge sum of money lost by retail traders, so what exactly lead to trading failure of retail traders in Stock market.The difference between success and failure for a trader is wafer thin, Lets elaborate with an example
Amateur retail traders tend to think that the professional trader or Institutional investor have some sort of secret knowledge/system that enables them to make huge profit in trading. However, the difference between a retail traders trying to make consistent profit  and a professional traders zeros down to the trading mindset and trading psychology.


Let us give you an example of what we mean. A relatively new retail trader is given a profitable trading system having a trading  strategy with proper stop loss and target and the trading system  delivers an average success rate of 60%. The retail trader is exited that he  has finally found something that will ensure his success. Over the course of 10 potential trades using the trading system it gives a perfect 60%

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Hind Petro,Bank India and Voltas Darvas Box Analysis

Hind Petro

Positional/Swing Traders can use the below mentioned levels

Any  to close below 716 short term target 699 and 665

 

Intraday Traders can use the below mentioned levels

Buy above 734 Tgt..

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Greece Creates Panic in World Market,Dow down 300 EURUSD 200 Pips

Risky Financial Assets , Stocks Bonds and Currency are selling hard after Greece PM declared referendum and Greece imposed Capital control,Banks are shot till 6 July. Safe Heaven Gold poped up.
Dow F down 300 points EUR USD opens up 200 pips down. Few Charts are shared below showing panic.
US equity futures open down hard...

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Bank Nifty Weekly Analysis for 29-03 July

Last week we gave the Chopad level of 17906  Bank Nifty achieved all 3 target on upside rewarding discipline chopad followers .ets analyze how to trade market in coming week as we also have monthly closing and Greece drama has comes to climax with Alex Tripas asking for referendum which can send shock waves to world financial market.

Bank Nifty Hourly

Bank Nifty with gann angles are shown,  took support at  3x1 on hourly basis,holding the same bounceback to 18600 possible, any break below 18200 can show fast move towards 18000/17950.

Bank Nifty Hourly  EW

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Greece Bailout Drama reach climax, Weekly Analysis

Last week we gave Chopad Levels  of 8251 ,Nifty made high of 8423 almost  meeting our 3 Chopad Level of 8446  Lets analyze how to trade market in coming week as we also have monthly closing and Greece drama has comes to climax with Alex Tripas asking for referendum which can send shock waves to world financial market.

Nifty Hourly Chart

Now as per Currently Hourly chart was unable to cross the 3x1 gann angle, support lies @4x1 gann line breaking the same can lead to fall near 8200 odd levels. Breakout will come only on hourly close above 8500.

Nifty Hourly Elliot Wave Chart

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What Would Happen In Case Of Grexit?

What would happen in case of Grexit?
In order to “help” Greece, since 2010, we’ve seen fiscal transfers and foreign intervention into its domestic economic policies. Greece’s debt to GDP ratio is now around 180% to GDP, while a lot of the bailout cash has merely served to bail out banks, as Open Europe already warned in 2012.
A number of policy makers now wants to try something new: a Greek exit from the Eurozone. One of them is Christian von Stetten, a Member of Germany’s Parliament and of Angela Merkel's CDU. He states what a majority of Germans believe should happen: "The experiment with the Greeks in the eurozone, who are unwilling to implement reforms, has failed and must be ended". He adds that he's in favour of providing "many billions" in support so Greece can make the transition onto its own currency.
Hereunder I explore what would happen if Greece were to leave the Eurozone, through a legal fudge.
1.    Default
If Greece wouldn’t have already defaulted before it would introduce a new currency, Grexit would  make it virtually certain that the country would default. It’s not wise to take out a considerable loan in a foreign currency, but that’s what Greece has done since 2001, when it entered the Eurozone. If Greece would introduce a new currency, which then likely would lose value against the euro, it would still need to pay back its debt in euro, which woud appreciate in value as compared to the new Drachma, making this task even harder.


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Nifty forms inside day pattern, FII FnO Data Analysis

• FII's sold 7.5 K contract of Index Future worth 261 cores ,1.7 K Long contract were squared off by FII's and 5.7  K  short contracts  were added  by FII's. Net Open Interest decreased  by 4 K contract, so todays fall was used by FII's to enter shorts in index futures and exit  longs. Investors Lose $767bn in China Stock Market Crash

Nifty formed an inside day pattern today unable to break yesterday high and low.We have discussed concept of 83 in previous analysis today low of 8339 and yesterday high 8423 again the fall was of 84

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Investors Lose $767bn in China Stock Market Crash

$767bn market cap wiped out in China plunge

As discussed in previous post "Blood On The Streets": Chinese Market Crashes
The 7.4 per cent fall now ranks as the second-biggest fall this year for Shanghai stocks, behind a 7.7 per cent plunge on January 19. It also makes the cut as the fifth-biggest daily fall since 2000 . The index is now down 18.8 per cent since a multi-year closing high of 5,166.35 very near to bear market territory.

On an intra-day basis, the Shanghai Composite did enter a bear market, with a fall of 20.06 per cent from an intra-day high of 5,178.191 on June 12 to today's intra-day low. On a closing basis, the level for a bear market is 4,133.08.

How quickly things change in Financial market, Whole world was going gung ho on Chinese market just 15 days back and now no once want to be in China :)
Here we look at the Chines Stock Market Biggest 1 day fall

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Harmonic Pattern Analysis:Titan,Godrej and Maruti

Titan

Positional/Swing Traders can use the below mentioned levels

Any close above 356 short term target 364

 

Intraday Traders can use the below mentioned levels

Buy above 354 Tgt..

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Nifty Outlook for July Series

• Nifty had a volatile June Series High made in the series was 8467 and low was 7940 and closed at 8398. So we had a move of 527 points but comparing from May Expiry which happened at 8317 we just moved 81 points. So expect July Series to see some range expansion   Greece, Creditors Fail To Reach Early Deal

This is what we discussed in yesterday analysis   Nifty even after the pullback formation of Higher High and Higher low stays as 8334 low was not broken yesterday. So if 8326 range not broken today we can close at the high point of the expiry. Low made was 8329 and we made high 8423 near expiry range. Till we

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Greece, Creditors Fail To Reach Early Deal

For a couple of hours on Tuesday, it appeared as though Greece had managed to sneak a debt deal proposal by the troika that, while hitting some of the mandated fiscal targets, did not include the pension cuts and VAT concessions that had previously constituted creditors’ “red lines.”
Then, on Tuesday evening, the IMF apparently decided to read the terms of the “deal” and Christine Lagarde did not like what she saw.
A few hours later, we were back to square one and Greek PM Alexis Tsipras was calling the IMF’s stance “weird” although in reality, the Fund was simply reiterating what it’s been saying since May, when Lagarde lost patience with the situation following Athens’ move to make a €750 million payment out of its SDR reserves.
Following meetings with EU officials and then with Lagarde and ECB chief Mario Draghi on Wednesday evening, Tsipras is back at it on Thursday, in a frantic attempt to win over EU finance chiefs (who are collectively losing their will to keep Greece in the currency bloc) and the IMF as t

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Golden Rule for Traders :Stick with a System

Continued from Previous Post Do You Trade The Market or Your Emotions ?

• Develop and Stick with a System

Successful traders have a system. They stick to their system of trading religiously, even when it seems like it might not be working perfectly. You have to determine exactly what is wrong with a trading system before you can change it. If you keep altering your strategy after every trade, you have nothing consistent to revise and, more importantly, nothing to repeat consistently.

Successful traders find a successful strategy and stick to it. They know that real success means discovering two or three techniques that work dependably, and then using them over and over and over again. Successful traders do not focus on the profit or loss of an individual trade. Instead, they feel successful when they identify and perfect a technique that works repeatedly.


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Auro Pharma,JSW Energy and Dabur Price Channel Analysis

Auro Pharma

Intraday Traders can use the below mentioned levels

Buy above 1450 Tgt..

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FII FnO Data Analysis for Nifty June Expiry

• FII's bought 64.1 K contract of Index Future worth 1490 cores ,113 K Long contract were added off by FII's and 49  K  short contracts  were added  by FII's. Net Open Interest increased  by 162 K contract, so todays last hour expected fall was used by FII's to enter majority longs and partial shorts in index futures.  Do You Trade The Market or Your Emotions ?

This is what we discussed in yesterday analysis  Nifty finally formed DOJI at the upper end of AF as shown in below chart.So if 8393 not crossed which is 50% Fibo retracement levels we can see some pullback of 8300/8270 in nifty. Gunner also show we are heading to grey line and green arc so caution advised on longs.High made today is at 3x1 gann angles as shown in hourly charts. So Finally we had a pullback of

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Do You Trade The Market or Your Emotions ?

In Trading, letting your emotions control you will lead to disaster. Instead, you need to have a powerful mindset, or what we call the Strong Trading Psychology. This is a focused psychological framework that will help you develop selective, wise, and patient trading methods. The most successful traders exhibit these mental habits which help them stay focused even if they making trading losses in short term.
The biggest enemy to your trading success is not the market. It’s YOU. And you are your biggest enemy because of your emotions. A profitable trading strategy is not enough on its own. You must also have the right mindset if you want to be one of the only 5% of traders who actually succeed.
#1 Know What to Expect
In order to develop the right mindset-to have a trader’s psyche-you need to know what to expect when trading. You must be prepared for a variety of emotions so that you can monitor them, instead of letting them control you. Only by staying on top of your emotions can you stay focused on the key to successful trading: maintaining a consistently profitable long-term strategy in the middle of many smaller short-term wins and losses, even when these short-term outcomes seem overly

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JSW Steel,Idea and Tata Motors DVR Intraday Analysis

JSW Steel

Intraday Traders can use the below mentioned levels

Buy above 909 Tgt...

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Nifty forms DOJI,FII FnO Data Analysis

• FII's bought 64.9 K contract of Index Future worth 1394 cores ,44.6 K Long contract were added off by FII's and 20.2  K  short contracts  were squared off by FII's. Net Open Interest increased  by 24.3 K contract, so todays rise was used by FII's to exit  shorts in index futures and add longs.  Golden Rules For Traders

Nifty continued with its higher high and higher low formation rising 458 points from the low of 7940. Nifty finally formed DOJI at the upper end of AF as shown in below chart.So if 8393 not crossed which is 50% Fibo retracement levels we can see some pullback of

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Golden Rules For Traders

1. Forget the news, remember the chart. You're not smart enough to know how news will affect price. The chart already knows the news is coming.
2. Buy the first pullback from a new high. Sell the first pullback from a new low. There's always a crowd that missed the first boat.
3. Buy at support, sell at resistance. Everyone sees the same thing and they're all just waiting to jump in the pool.
4. Short rallies not selloffs. When markets drop, shorts finally turn a profit and get ready to cover.
5. Don't buy up into a major moving average or sell down into one. See #3.
6. Don't chase momentum if you can't find the exit. Assume the market will reverse the minute you get in. If it's a long way to the door, you're in big trouble.
7. Exhaustion gaps get filled. Breakaway and continuation gaps don't. The old traders' wisdom is a lie. Trade in the direction of gap support whenever

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Hind Petro,RIL and Rel Infra Harmonic Pattern Analysis

Hind Petro

Intraday Traders can use the below mentioned levels

Buy above 740 Tgt...

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Nifty near 200 DMA,FII FnO Data Analysis

• FII's bought 58.3 K contract of Index Future worth 1417 cores ,7.5K Long contract were added off by FII's and 50.7  K  short contracts  were squared off by FII's. Net Open Interest decreased  by 43.1 K contract, so todays rise was used by FII's to exit  shorts in index futures. How to deal with trading loss

Nifty continued with its higher high and higher low formation rising 429 points from the low of 7940. Nifty has risen 430 points from the middle line of  Andrew Pitchfork has reached the upper end of AF

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How to deal with trading loss

One of the fundamental principals of trading stocks, or anything for that matter, is; you never play with money you cannot afford to lose. You should not be trading money needed daily expenses. The reason for this is, no matter how sound a system or piece of advice may sound, trades often go against you. Trading money you can afford to lose means that you have money to live, some money saved for a rainy day, and some for trading.
Now, by trading money you can afford to, or are willing to lose means just that. Even a successful trader’s account may experience dips or losses at many points. In fact, being willing to lose, or admit loss is essential to trading.
What does this mean? Willing to lose in order to win? Think of it this way.SBI has been going up every day so you think let me also enter the stock and make money like my friends are making.
You’ve bought 500 SBI  stock that’s worth 100,000

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Tata Steel,Sun TV and Bata India Darvas Box trading pattern

Bata India

Positional/Swing Traders can use the below mentioned levels

Any close above 1023 short term target 1042/1076

 

Intraday Traders can use the below mentioned levels

Buy above 1023 Tgt

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Bank Nifty Weekly Forecast for June Expiry

Last week we gave the Chopad level of 17525  Bank Nifty achieved 2 target on upside and 1 target on downside rewarding discipline chopad followers .Lets analyze how to trade next expiry  week.

Bank Nifty Hourly

Bank Nifty with gann angles are shown,  need to close above 3x1 on hourly basis  for bulls to get momentum to move towards 2x1 line.

Bank Nifty Hourly  EW Daily

Hourly Elliot wave analysis is shown

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Nifty forms Bullish Engulfing pattern, Weekly Analysis

Last week we gave Chopad Levels  of 8026 ,Nifty made high of 8250.8 meeting our 3 Chopad Level of 8251 and closed at the highest point of the week. We got Stopped out on Monday but were with the trend from Tuesday as soon as Nifty moved above the Chopad level of 8026 and rewarded the Disciplined Chopad followers .  Lets analyze how to trade market in coming expiry  week.

Nifty Hourly Chart

As discussed last week Also Bull Power indicator is crossing the median line which if sustained can see relief rally coming in market till 8147/8290 odd levels.

Now as per Currently Hourly chart we have confluence of Trendline Resistance and 4x1 gann line @8286-8300 zone, so long should book profit in the zone and wait to see how market react in this zone.Support lies in range of 8176-8150 range.

Nifty Hourly Elliot Wave Chart

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Nifty near falling trendline resistance,FII FnO Data Analysis

• FII's sold 7.5 K contract of Index Future worth 153 cores ,12.4 K Long contract were squared off by FII's and 4.8  K  short contracts  were squared off by FII's. Net Open Interest decreased  by 17.3 K contract, so todays rise was used by FII's to exit  longs and shorts in index futures. Important Pillars of Trading :Self Control and Discipline

This is what we have discussed in last few analysis We have been advocating the range of 7930-7950 being the demand zone for Nifty from 11 June Nifty made the following lows 7958,7940,7944 and 7946 also we have discussed in Weekly Analysis  from 14 June time cycle has changed to neutral to Bullish, market obliged with 5 green close from past 5 days.  Also Nifty has completed 2 crucial harmonic pattern ABCD and BAT pattern both are bullish if 7930 is held. Traders who bought should


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Motivational Video for Traders

Master Your Emotions

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Important Pillars of Trading :Self Control and Discipline

Stock Market  did a one way ride last weeks from low of 7940 till today's high of 8250. One of the most spectacular rally seen  in small time frame.Last 6 days Nifty has closed in Green. These kinds of rallies have been coming and will be coming for next many many years. But important thing is were you part of this rally,If yes were you on right side ie. Long side.
Most of traders missed the rally or were shorting the whole rally Very few traders were able to milk this rally. What different they have done.

They had Self Control and Discipline over them.

Cultivating discipline and self-control is

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Amtek Auto,REC and Crompton Gann Analysis

Amtek Auto

Positional/Swing Traders can use the below mentioned levels

Any close above 136 short term target 141/144/152

Intraday Traders can use the below mentioned levels

Buy above 136 Tgt

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Nifty continues its rise for 5 day, FII FnO Data Analysis

• FII's sold 14.3 K contract of Index Future worth 144 cores ,32 K Long contract were added  by FII's and 17.7  K  short contracts  were added by FII's. Net Open Interest increased  by 49.7 K contract, so todays rise was used by FII's to add majority longs and partial shorts in index futures. What happens when US FED Hikes Interest Rate

This is what we have discussed in last few analysis We have been advocating the range of 7930-7950 being the demand zone for Nifty from 11 June Nifty made the following lows 7958,7940,7944 and 7946 also we have discussed in Weekly Analysis  from 14 June time cycle has changed to neutral to Bullish, market obliged with 5 green close from past 5 days.  Also Nifty has

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What happens when US FED Hikes Interest Rate

The Federal Open Market Committee (FOMC), which decides on the monetary policy of the United States, meet on 16-17 June and did not raise the Interest rates as per market expectation . After this meeting, Janet Yellen, the Chairperson of the Federal Reserve spoke to the media.
Everything Yellen spoke about during the course of the press conference was closely analyzed by the financial media all over the world. The gist of what Yellen said at the press conference was that she expects that the Federal Reserve will start raising the federal funds rate sometime mid of this year.

The federal funds rate or the interest rate at which one bank lends funds maintained at the Federal Reserve to another bank, on an overnight basis, acts as a benchmark for the short-term interest rates in the United States. The last time the Federal Reserve increased the federal funds rate was in 2006.

In the aftermath of the financial crisis, the Federal Reserve decided to print money and pump it into the financial system by buying government bonds and mortgage backed securities. The Federal Reserve referred to this as the asset purchase programme. The economists

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CESC,Just Dial and KTK MML Analysis

CESC

Positional/Swing Traders can use the below mentioned levels

Any close above 538 short term target 555

Intraday Traders can use the below mentioned levels

Buy above 534 Tgt...

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Nifty technical structure before crucial Fed Meet Outcome

• FII's sold 5.4 K contract of Index Future worth 217 cores ,5.7 K Long contract were squared off by FII's and 0.2  K  short contracts  were squared off by FII's. Net Open Interest decreased  by 0.6 K contract, so todays rise was used by FII's to exit majority longs and partial shorts in index futures. Trading Rules of Professional Trader

Nifty continued with formation of Higher High and Higher low but got sold of from the trendline resistance as shown in below chart, 8136-8140 as shown in below chart, Support has risen to

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Trading Rules of Professional Trader

1. Trading is simple, but it is not easy.
2.  When you get into a trade watch for the signs that you might be wrong.
3.  Trading should be boring.
4.  Amateur traders turn into professional traders once they stop looking for the “next great indicator.”
5.  You are trading other traders, not stocks or futures contracts.
6.  Be very aware of your own emotions.
7.  Watch yourself for too much excitement.
8.  Don’t overtrade.
9.  If you come into trading

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Bank Baroda,Century and Ambuja Pyrapoint Analysis

Bank Baroda

Positional/Swing Traders can use the below mentioned levels

Any close above 144 short term target 147/152

Intraday Traders can use the below mentioned levels

Buy above 143.5 Tgt

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Nifty bounce from demand zone, FII FnO Data Analysis

• FII's sold 30.6 K contract of Index Future worth 563 cores ,34.5 K Long contract were squared off by FII's and 3.8  K  short contracts  were squared off by FII's. Net Open Interest decreased  by 38.4 K contract, so todays rise was used by FII's to exit majority longs and partial shorts in index futures. How to survive as a full time trader

We have been advocating the range of 7930-7950 being the demand zone for Nifty from 11 June Nifty made the following lows 7958,7940,7944 and 7946 also we have discussed in Weekly Analysis  from 14 June time cycle has changed to neutral to Bullish, market obliged with 2 green close from past 2 days.  Also Nifty has completed 2 crucial harmonic pattern ABCD and BAT pattern both are bullish if 7930 is held. Traders who bought should have been rewarded, As per

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How to survive as a full time trader

There is nothing simple or painless about trading for a living.Its a competitive world out there. You have to compete with FII's,DII's, HNI's , Operators, defeat other gladiators, and not get yourself killed in the process.
Here are a few ways to become a better trader and overcome your opponents.

• Face reality- Spend time analyzing what you do and do not have control over. Only then can you focus on the things you can personally affect.

You control your parameters for entries, exits, and position sizing, but you can’t control where the market moves, or the path it takes getting to your targeted price level.
You can’t contro

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Will The ECB Finally Use The Greek "Nuclear Option" This Wednesday?

This was not supposed to happen: by now the Greek insolvency "can" should have been kicked, and the Greek government, realizing the money has run out for both the government and the banking system, should have folded to Troika demands, and allow the Troika money to return repaying obligations to the Troika in exchange for more spending cuts.
Instead, the "game theoretical" approach of bluffing until the end, and beyond, has put both countries in a corner from which neither knows how to escape, and with the "final deal deadline" passing this weekend we now have quotes such as this from the EU:

• OVERTVELDT: GIVING IN TO GREECE WOULD UNDERMINE EU CREDIBILITY

while in an op-ed due to be published today in German newspaper Bild, German Vice Chancellor and Economy Minister Gabriel has been quoted as saying


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Auro,Titan and Grasim Technical Analysis

Auro Pharama

Buy above 1285 Tgt

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Bank Nifty forms Weekly Doji, Weekly Forecast

Last week we gave the Chopad level of 17516  Bank Nifty achieved 2 target on downside  and 1 target on upside rewarding discipline chopad followers .Lets analyze how to trade next week.

Bank Nifty Hourly

Bank Nifty with gann angles are shown, took broke at 8x1 went till price channel bounced back to touch 8x1 gann line  and now need to close above 8x1 on hourly basis  for bulls to get momentum to move towards 4x1 line.

Bank Nifty Hourly  EW Daily

Hourly Elliot wave analysis is shown, 17200

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Nifty Weekly Forecast for 15-19 JUne

Last week we gave Chopad Levels  of 8156 ,Nifty made high of 8163 and  did 2 target on downside rewarded Chopad followers .  Lets analyze how to trade market in coming  week.

Nifty Hourly Chart

As discussed last week Break of 8057 can see move towards 8016/7961 odd levels. Nifty Hourly charts with gann angles are drawn,Nifty broke the @16x1 gann line and resistance will be @8x1 @8056. Also Bull Power indicator is crossing the median line which if sustained can see relief rally coming in market till 8147/8290 odd levels.

Nifty Hourly Elliot Wave Chart

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Nifty form bullish ABCD,BAT harmonic pattern,FII FnO Data Analysis

• FII's sold 10.5 K contract of Index Future worth 120 cores ,16 K Long contract were added by FII's and 26.6  K  short contracts  were added  by FII's. Net Open Interest increased  by 42.7 K contract, so todays small rise was used by FII's to add both shorts and long in index futures. The Trader’s Mindset Leap from unprofitable to Profitable trader

Nifty after 8 months gave a weekly close below 8000 but bounced from the demand zone of 795-7930 and close above 7962.Bank Nifty has formed DOJI on weekly charts near important support, suggesting Bank Nifty has formed short term bottom. Also from 15 June we are entering new time cycle which should be

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The Trader’s Mindset Leap from unprofitable to Profitable trader

“The Trader’s Mindset”  is what a amateur  trader need to work on to move in category of professional trader. Any World Class Athlete you would have seen give much importance to the MINDSET before any big game. So its only your MIND you need to TRAIN to be a good trades. Millions of strategies but a mindset to be a successful trader only few have and eventually those few traders succeed to make big. Many of my students during the trading course  ask me this question and we talk about it a lot with traders I mentor.
When we trade the markets we approach the markets each and every day with a psychological mindset or set of beliefs and emotions. New traders often enter trading with beliefs about trading and the markets that simply do not apply to the realities of trading. This is why new traders get into trades and can’t get out or don’t know when to take profits or get out at the bottom and get in at the top of markets. In other words they make bad trades because they are trading from inaccurate beliefs and become subject to their emotions

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Ashok Leyland, Tata Motors DVR and Lupin technical analysis

Ashok Leyland

 

Positional/Swing Traders can use the below mentioned levels

Holding  63 short term target 68/72.

Intraday Traders can use the below mentioned levels

Buy above 66.3  Tgt

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Nifty break 8000,FII FnO Data Analysis

• FII's bought 2.7 K contract of Index Future worth177  cores ,33.2  K Long contract were added by FII's and 30.4  K  short contracts  were added  by FII's. Net Open Interest increased  by 63 K contract, so todays fall was used by FII's to add both shorts and long in index futures.Trading Journal: Important step towards Professional trading

Nifty after 8 months closed below 8000 and in the process invalidate the morning star pattern formed yesterday and made a bearish engulfing pattern. Nifty failed to sustain above 8156 and saw sharp and swift fall in morning hours. Again Pyrapoint gave early indication of the fall as the red line

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M&M,LIC and MIndtree Murry Math Line Forecast

M&M

Positional/Swing Traders can use the below mentioned levels

Any close above 1220 short term target 1264/1300.

Intraday Traders can use the below mentioned levels

Buy above 1225 Tgt..

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Nifty forms Morning Star pattern, FII FnO Data Analysis

• FII's bought 2.5 K contract of Index Future worth 32 cores ,17.8  K Long contract were liquidated  by FII's and 20.3  K  short contracts  were squared off by FII's. Net Open Interest decreased  by 38K contract, so todays rise was backed by short covering, no fresh long addition was seen by FII's. Types of Confidence in Trading  Why Adani Enterprises Shares Crashed ?

This is what we discussed yesterday  Nifty has been holding the gann 1x1 line also we are at crossover of grey and red line which generally give fast moves, so if 7997 is broken we can see a fast downmove till 7910 odd levels holding the same relief rally till 8200 can be seen in next few days. Time Ananlysis suggests big move is round the corner. Gann Time Analysis with Gunner helped us


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Trading Journal: Important step towards Professional trading

Elite performers in all competitive fields study the past to help improve their ability in the future. The same goes for elite traders. Today we will disucss 3 reasons why you should keep a trading journal.

You’ve most likely heard it before that journaling can be used to improve your trading, but for whatever reason may not have tried it before. Maybe it was too tedious or too time consuming? Regardless of your rationale against journaling, I do think you should reconsider.

A good parallel to this is the world of professional sports. You have athletes that have physically trained their whole lives to be the best at what they do, but a large part of their routine is reviewing past matches, games, and learning their opponents. They look for weaknesses in their game in order to improve themselves and look for weaknesses in their opponents to exploit them. This is the exact same attitude a professional trader should have when they review past trades. Consider the following 3 reasons to begin adding a journal to your trading routine.

•  Trading Journals Increase Trading Consistency

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Why MSCI did not add China To The MSCI Indices

Many investors were disappointed around the globe with  MSCI decision of not adding  China  A-Group share to The MSCI Indices. It has been delayed for sometime, but many fund managers are taking sigh of relief of not adding China A group shares. Reason being the volatile nature of Chinese stocks, Even though they have returned 152% in past 1 year but correction as and when it comes are very fast down 4-6% in a day which gives many sleepless nights to many fund manager looking at the volatility of their portfolio.
Bears in India were specifically waiting for the decision

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Kotak,Exide and Century Harmonic Pattern Analysis

Kotak Bank

Intraday Traders can use the below mentioned levels

Buy above 1341 Tgt..

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Nifty ready for big move, FII FnO Data Analysis for 10 June

• FII's bought 6.6 K contract of Index Future worth 156 cores ,3.6 K Long contract were added  by FII's and 3  K  short contracts  were squared off by FII's. Net Open Interest increased  by 584 contract. Do You Suffer from Performance Anxiety in Trading?

• Nifty continued with correction 7 day in a row, low made 8005 and saw a small pullback in last 30 mins of trading. Nifty  has corrected 462 points with, formation of lower lows and lower highs, and very near to last swing low of 7997. Nifty has been holding the gann 1x1 line also we are at crossover of grey and red line which generally give fast moves, so if 7997 is broken we can see a fast downmove till 7910 odd levels holding the same relief rally till 8200 can be seen in next few days. Time Ananlysis suggests big move is round the corner.

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S&P500 again broke its 100 DMA again

Over the past 3 years, the only support level that has mattered for the S&P500 was the 100 Day Moving Average: every single time the S&P has approached, or breached, this trendline, the result has been a bout of buying pushing it right above, and keeping it in the clearly visible upward channel since 2012.


As BofA notes,

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Bata India,IGL and HDFC Harmonic Pattern Analysis

Bata India

Positional/Swing Traders can use the below mentioned levels

Any close below 987 short term target 966/953.

Intraday Traders can use the below mentioned levels

Buy above 995 Tgt...

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Nifty corrects 427 points,FII FnO Data Analysis

• FII's sold 12.6 K contract of Index Future worth 199 cores ,17.6 K Long contract were squared off by FII's and 4.9 K  short contracts  were squared off by FII's. Net Open Interest decreased  by 22.6 K contract. Types of Confidence in Trading  Why Adani Enterprises Shares Crashed ?

Nifty  has corrected 427 points in 4 trading session, formation of lower lows and lower highs, and very near to last swing low of 7997. Nifty has been holding the gann 1x1 line

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Jubilant Food,Maruti and Dish TV Darvas Box Analysis

Jubilant Food

Positional/Swing Traders can use the below mentioned levels

Any close above 1740 short term target 1830.

Intraday Traders can use the below mentioned levels

Buy above 1718 Tgt..

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Bank Nifty form Bearish Engulfing ,Weekly Analysis

Last week we gave the Chopad level of 18816  Bank Nifty achieved 3 target on downside rewarding discipline chopad followers .Lets analyze how to trade next week.

Bank Nifty Hourly

Bank Nifty with gann angles are shown, took support at 8x1 and now need to close above 4x1 for bulls to get momentum.

Bank Nifty Hourly  EW Daily

Hourly Elliot wave analysis

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Nifty form Bearish Engulfing ,Weekly Analysis

Last week we gave Chopad Levels  of 8450 ,Nifty did  3 target on downside rewarded Chopad followers .  Nifty form Bearish Engulfing on Weekly and Inverted Hammer on Daily chart  Lets analyze how to trade market in coming  week.

Nifty Hourly Chart

Nifty Hourly charts with gann angles are drwan,Nifty took support @8x1 gann line and resistance lies @4x1 @8350. Break of 8057 can see move towards 8016/7961 odd levels.

Nifty Hourly Elliot Wave Chart

Hourly charts EW target

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