Nifty ends Aug month with 6.6% cut, FII FnO Data Analysis

• FII's bought 22 K contract of Index Future worth 538 cores ,28.7 K Long contract were added  by FII's and 6.5 K  short contracts  were added by FII's. Net Open Interest increased  by 35.2  K contract, so today's fall in market was used by FII's to enter long in NF  and enter  shorts in BN futures  .Trading Mantra for New Traders

We have been discussing in previous analysis 7948-7961 is important zone of support below that we can see market moving to sub 7800 zone. Low formed today was 7947 and nifty saw recovery from 7947. Nifty has formed lower high and lower low formation and after big fall is showing sign of consolidation.

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Trading Mantra for New Traders

Discipline your self: This is what helps one to gain in the market. When the market movements as per your trading setup asks you to enter, book profit or loss just obey it. Do not let your emotion enter here thinking you will beat the market. You can always enter the position later on instead of repenting at a later stage. After all, you depend on your trading setup to help you and ignoring it will certainly cost you heavily.
Don’t be adamant: Don’t try to beat the market but beat your own EGO. Market will never move in one way. It has to be volatile else everybody would make money. Yes, you did make money in shorting previous times but that certainly not the case always. Your gains

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Crompton,IDEA and HCL Tech Technical Analysis

Crompton Greaves

Positional/Swing Traders can use the below mentioned levels

Unable to Close above 178 target 170/165.

 

Intraday Traders can use the below mentioned levels

Buy above 179 Tgt..

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Bank Nifty Forms Hammer on Weekly Time Frame, Weekly Analysis

Last week we gave the Chopad level of 17850 Bank  Nifty opened with Huge gap down and did not give any opputunity for Chopad Followers to take entry. Lets analyze how to trade market in coming week.

Bank Nifty Hourly

Bank Nifty as per Gann Wedge and Arc high of 17600 should be broken for further upmove and break of 17200 can push towards 16800/16600.

Bank Nifty Pyrapoint Indicator

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Nifty Forms Hammer on Weekly Time Frame, Weekly Analysis

Last week we gave Chopad Levels  of 8173 , Nifty opened with Huge gap down and did not give any opputunity for Chopad Followers to take entry. Lets analyze how to trade market in coming week.

Nifty Hourly EW Chart

 Nifty hourly chart as per EW analysis if its moving in abc fashion can see up move till 8277 before next round of downmove. Crossing Fridays high will play crucial role.

Nifty Gann Box

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FII FnO Data Analysis for 31 Aug

• FII's bought 116 K contract of Index Future worth 2512 cores ,104 K Long contract were added  by FII's and 11.5 K  short contracts  were liquidated by FII's. Net Open Interest increased  by 93.2  K contract, so today's rise in market was used by FII's to enter long and square off  shorts in index futures  .Japan's Legendary "Twitter Trader" Reveals The Secret Of His Multi-Million Dollar Success

Nifty saw correction of 834 points in 4 trading sessions, saw a pullback of 424 points in 4 trading session and retraced 50% of the fall.  Going forward Nifty has to cross important gann resistance line of 1*2 as shown in below chart for bigger retracement.7948-7961

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Japan's Legendary "Twitter Trader" Reveals The Secret Of His Multi-Million Dollar Success

Two years ago, when we first profiled Japan's mysterious "Mister Watanabe" daytrader - aka CIS - we thought it may just all be a hoax. But, as his claims this week that he made $34 million trading the panic on Monday - "I do my best work when other people are panicking," Bloomberg reports, CIS - who claims JPY20bn AUM, has become a cult figure among Japan’s tight-knit community of day traders. Notorious for lines like "Not even Goldman Sachs can beat me in a trade," CIS drops some knowledge this week on how he has become so successful... "Buy stocks that are being bought, and sell stocks that are being sold." Just don't tell Cramer.
While a lot of investors were hitting the panic button Monday, Bloomberg reports a Japanese day trader who’d made a big bet against the market timed the bottom almost perfectly and narrated a play-by-play of the trade to his 40,000 Twitter followers. He claims to have walked away with $34 million.


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Things a Trader Must Realize Before Becoming Long Term Profitable

Through my reflections about how I made the turn from unprofitable to profitable trader I have been able to locate some of the specific changes in my train of thought that caused this to happen. I have realized that the way in which I approached trading changed slowly but surely into a way which allowed me to profit from the market on the longer term. What were these fundamental changes in my approach to algorithmic trading? On today’s article I will tell you the five things I needed to realize before I became a profitable trader which I think every trader needs to realize at some point to reach the same stage. We will talk about each one in detail and why it is so important to reach the status of being a profitable trader who can systematically exploit inefficiencies in the longer term.
Probably you’ve been struggling a lot and you don’t know what you need to do to achieve profit in trading. I was there and it is – at least it was for me – a slow and painful journey to learn the things that need to be learned and to get all the necessary experience that is required to profit from the market. The road towards market profitability is paved with traps and sadly most people need to walk into all of them, stand up , dust themselves off and continue before reaching the final success goal. But what are these very hard things you have to learn before you can become profitable? Is there a way to “speed up” the process? I am now going to tell you the five things I think everyone should realize before they become profitable traders.

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Remembering The Summer Of 1929

This is one of the best documentaries on the Crash of 1929 if you wish to get a feel for the times.   You may find it interesting to watch the whole thing below.I have posted the entire documentary twice before:  once, on the 80th anniversary of Black Thursday in 2009, and once before in December of 2007.
I remember the Summer of 1929 being described as unusually hot, with the stock market going up and down like a roller coaster, making investors and pundits almost dizzy.  That is, until the great push up to the very height of the market in early September.
It was the laissez-faire abuses of the 1920’s, the reign of supply side economics,  the institutionalized political corruption of easy money, an oversized,  overly influential and powerful financial/industrial sector that set the stage for the terrible Depression of the 1930’s.


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Bata India,BHEL and BPCL Supply Demand Analysis

BHEL

Positional/Swing Traders can use the below mentioned levels

Close above 233 target 241/246/254

 

Intraday Traders can use the below mentioned levels

Buy above 235 Tgt..

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Nifty Outlook for Sep Series

August Series Nifty corrected 5.8 % was worst series after Aug 2013 when Nifty corrected 8.8%.Nifty and Bank Nifty Bat pattern continue to show the effect as market has recovered 281 points from the low. 8032 is 38.2% retracement 8045 is gann 1x1 line and 8065

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China's Great Wall Of Worry - Goldman Warns China Options Signal Caution Ahead

Via Goldman Sachs,
China has been the epicenter of recent market concerns as global markets focus on China's growth trajectory. Equity markets have been hit hard. The Shanghai Composite is down -43% since its peak on June 12th; with -21% of that down-move coming over the last five trading days. HSCEI is down -32% since June 12th, -12% over the past week. On August 25th the PBOC announced a series of moves including lowering the benchmark lending and deposit rate by 25 bps and the reserve requirement ratio by 50 bps.

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HDFC Bank,Tata Steel and Coal India MML trading analysis

HDFC Bank

 

 

 

Intraday Traders can use the below mentioned levels

Buy above 1115 Tgt..

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Nifty Technical structure for August Expiry

• FII's sold 3.4 K contract of Index Future worth 88 cores ,28.5 K Long contract were added  by FII's and 18.6 K  short contracts  were added  by FII's. Net Open Interest increased  by 85  K contract, so today's fall in market was used by FII's to enter long in Sep Series and enter  shorts in Aug Series index futures  .Improve Futures Trading Success

Nifty opened with gap down saw a swift recovery to fill the gap and than fall in end session.Nifty got resisted at 2x1 line of gann box as shown below and saw the decline.7930/7940 will act as important resistance going forward.Support as per gann box suggests

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Improve Futures Trading Success

1. Ask yourself do you really want to take trading as a profession or You want to do trading as its the easiest way to make money ?

Before you can develop persistence and eventually achieve success in the tough trading game, you need to first identify if this is truly what you want to do. If you are only doing this for the money then the odds of you making it through the learning process is very slim. You have to be ‘foolish’ enough through your initial losses to believe that you can rise to the top 10% of profitable traders. Most traders learning curves are measured in years not weeks so trading is more like getting a degree than reading a book over the weekend.
2. Determine your motivation. Why do you want to be a trader?

Motivation comes from a deep reason why we want to achieve or have something.  If you know why you’re doing what you’re doing, it gives you more energy to keep moving forward in learning and getting experience. If you are trading to make a quick buck, then you do not make that buck quickly you will join the quitters. If you are trading to have enough money to pay off your house in 5 years that will create the energy to drive you forward against the odds.

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Union Bank,Bharat Forge and JSW Steel technical analysis

Bharat Forge

Positional/Swing Traders can use the below mentioned levels

Close below 1131 target 1076

 

Intraday Traders can use the below mentioned levels

Buy above 1151 Tgt..

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Nifty and Bank Nifty forms BAT Pattern, short term bottom in place ?

• FII's sold 15 K contract of Index Future worth 411 cores ,129 K Long contract were added  by FII's and 144 K  short contracts  were added  by FII's. Net Open Interest increased  by 273 K contract, so today's fall in market was used by FII's to enter long and enter  shorts in index futures,As its expiry week so rollovers happening that's why such big buy figures are seen on day when Nifty fell down 500 points  .Want to be Profitable Trader,Develop the following Qualities

Nifty saw correction of 834 points in 4 trading sessions, saw a pullback of 213 points. In the process has formed Bat harmonic pattern as shown

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Chinese Stocks Are Crashing Break 3000

Following yesterday's bloodbath (and the continued carnage around the world), AsiaPac stocks are lower with Japan unable to mount any sustained bounce despite every effort to lift JPY. The propaganda-fest is in full swing as Amari claims JPY is safe-haven asset and Aso denies any coordinated G7 response is being planned (which means they are all feverishly trying to figure out how to 'save' the world again from a 4-day stock drop). China is ugly with stocks down hard in the pre-open (CSI-300 -4.3%) as offshore Yuan depo rates spike to 22.9% - a record high - as liquidity outflows must be accelerating (as PBOC adds another CBNY150bn liquidity). China devalues Yuan 0.2% - most in 11 days.
Carnage -

• *CHINA SHANGHAI COMPOSITE SET TO OPEN DOWN 6.4% TO 3,004.13
• *CHINA'S CSI 300 INDEX SET TO OPEN DOWN 6.3% TO 3,070.01

This is the 5th day of crashing Chinese stocks in a row...

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Yes Bank,Colgate and SRT Harmonic Pattern Analysis

Yes Bank

Positional/Swing Traders can use the below mentioned levels

Close below 610 target 589/576

 

Intraday Traders can use the below mentioned levels

Buy above 631 Tgt..

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Nifty crash 500 points,FII Data Analysis

• FII's sold 15 K contract of Index Future worth 411 cores ,129 K Long contract were added  by FII's and 144 K  short contracts  were added  by FII's. Net Open Interest increased  by 273 K contract, so today's fall in market was used by FII's to enter long and enter  shorts in index futures,As its expiry week so rollovers happening that's why such big buy figures are seen on day when Nifty fell down 500 points  .Want to be Profitable Trader,Develop the following Qualities

Nifty saw the biggest fall in past 7 years falling 500 points and sensex crashing 1800 points, Mid and Small cap Index were down 10%, Question in everyone mind is, IS the fall over, and can we deploy cash for investment, In situations like there its always

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Nasdaq down 5% Dow Down 2500 from 2015 High

Dow Futures Down 2500 From Highs

Dow futures are now well below the 16,000 level - down a stunning 2500 points from the May highs. The Dow has given up all its gain since December 2013...

S&P Down 3%

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Sensex Crashes 1800 Points:Reason for sharp fall

The BSE Sensex plunged over 1800 points and Nifty declined over 501 points one of the largest decline in past 5 years .Let me put the reason from both Technical and Fundamental Perceptive

1. Fundamental

• Yuan Devaluation
  

Asian stocks dived to 3-year lows on Monday as a rout in Chinese equities gathered pace, hastening an exodus from riskier assets as fears of a China-led global economic slowdown roiled world markets.
Safe-haven government bonds and the yen rallied on the widespread unrest in the financial markets, set in motion nearly two weeks ago when China sharply devalued the yuan and stoked concerns about the state of its economy.


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FII FnO Data Analysis for 24 Aug

• FII's sold 104 K contract of Index Future worth 2416 cores ,33.9 K Long contract were squared off by FII's and 70.5 K  short contracts  were added  by FII's. Net Open Interest increased  by 36.6K contract, so today's fall in market was used by FII's to exit long and enter  shorts in index futures .Want to be Profitable Trader,Develop the following Qualities

Nifty opened with huge gap down, continued to trade in small range and showed sign off short covering during the last hour. Now again Nifty will open Gap down of Monday taking

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Bank Nifty Weekly Analysis for August Expiry

Last week we gave the Chopad level of 18770 Bank Nifty did 1 target on upside and 3 target on downside rewarding disciplined chopad followers. Lets analyze how to trade market in coming week .

Bank Nifty Hourly

Bank Nifty as per EW analysis 17500/17600 should be seen in coming week.

Bank Nifty Pyrapoint Indicator

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Nifty cracks below 200 DMA again, Weekly Analysis

Last week we gave Chopad Levels  of 8546 , Nifty did 3 target on  downside rewarding chopad followers. Lets analyze how to trade market in coming week.

Nifty Hourly EW Chart

 Nifty hourly chart as per EW analysis should compelte abc correction in range of 8173/8195 and next price action to be seen around these levels.

Nifty Gunner

Nifty gunner shows support in range..

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The Stock Market Is In Trouble – How Bad Can It Get?

A Look at the Broader Market’s Internals

We have previously discussed the stock market’s deteriorating internals, and in light of recent market weakness want to take a brief look at the broader market in the form if the NYSE Index (NYA). First it has to be noted that a majority of the stocks in the NYA are already in bearish trends. The chart below shows the NYA and the percentage of stocks above their 200 day and 50 day moving averages, which is 39.16% and 33.77% respectively.
When more than 60% of stocks in the broader market trade below their 200 dma with the SPX not too far off an all time high, it is clear that cap-weighted indexes are helped up by an ever smaller number of big cap stocks. This typically happens near important trend changes, but it is not always certain that the market will decline significantly when such a divergence occurs.
One possibility is also that the market merely corrects, and resume its rally once a sufficient number of stocks becomes oversold. That said, the broader market hasn’t made any headway in more than half a year, with the volatility of major indexes and averages declining to multi-decade lows. It is certainly tempting to classify this period as one of distribution, especially given recent weakness.


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S&P 500 Breaks Below 2,000, Crashes Into Red Year-Over-Year

The S&P 500 index has broken below the crucial psychological 2,000 level for the first time since late January. This is the biggest collapse in stocks since June 2013 (bigger than October's plunge - which was only rescued by Bullard's threat of QE4). What is perhaps most worrisome for the trend-followers - the S&P is now down year-over-year for the first time since May 2012... which once again brought The Fed out with moar QE.

The S&P 500 has broken below the crucial 2,000 level...

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Nifty near gann support, will it hold FII FnO Analysis

• FII's sold 84.7 K contract of Index Future worth 1771 cores ,55.1 K Long contract were squared off by FII's and 29.5 K  short contracts  were added  by FII's. Net Open Interest decreased  by 25.5 K contract, so today's fall in market was used by FII's to exit long and enter  shorts in index futures .Want to be Profitable Trader,Develop the following Qualities

Nifty finally broke the range on downside, Nifty has broken its weekly trendline on downside need to see if tomorrow close is below it and also near gann box support as shown in

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Want to be Profitable Trader,Develop the following Qualities

In Continuation with Part -I
6. “Be like Machine”
As human beings emotions pay a key role in our existence, for a trader emotions can be a source of great pain. Trading psychology and the management of your emotions in a trade play a key role in overall success. Fear and greed can cut your winners short and let your losers run. Dealing with emotions follows on from your plan; the more robust your plan the less likely you are to fall into the emotional mine field.
7. Know your tools
Every trader has a set of tools they use, DOM, Charts, News feeds etc. These tools are a trader’s bread and butter; they are the most vital part of a trader’s arsenal,

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Why The Fed Won't Raise Interest Rates

A strong dollar will slow exports

Raising interest rates is only going to make the dollar—which has already been rising against other currencies—climb higher. That's likely to make it harder for U.S. companies to export their goods around the world, where they are likely to see less demand anyway.
What's more, falling prices around the world, along with the drop in oil prices, is likely to hold down costs here as well. With very little inflation, the Fed doesn't have to rush to raise interest rates. And it hasn't been in a rush. Interest rates have been close to zero for nearly seven years. Don't expect that to change so fast.

The job market is weaker than it looks

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ACC,STAR and Syndicate Bank Price Channel Analysis

ACC

Positional/Swing Traders can use the below mentioned levels

Close above 1453 target 1508/1542

 

Intraday Traders can use the below mentioned levels

Buy above 1446 Tgt..

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Nifty keep bulls and bears on tenterhook,FII Data Analysis

• FII's sold 18.4 K contract of Index Future worth 522 cores ,4.9 K Long contract were squared off by FII's and 13.5 K  short contracts  were added  by FII's. Net Open Interest increased  by 8.5 K contract, so today's rise in market was used by FII's to exit long and enter  shorts in index futures .Want to be Profitable Trader,Develop the following Qualities

Nifty has formed multiple tops near 8530/8525 in past 4 trading sessions and traded in 111 points range in past 3 sessions. These range bound market takes maximum profit out of trader who are unable to understand the changing market conditions,best strategy is to wait for breakout of this

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Want to be Profitable Trader,Develop the following Qualities

1. 10,000 hours
In his recent book Outliers: The Story of Success, Malcolm Gladwell describes the 10,000-Hour Rule, claiming that the key to success in any cognitively complex field is, to a large extent, a matter of practicing a specific task for a total of around 10,000 hours. 10,000 hours equates to around 4hrs a day for 10 years. For some reason most people that ‘try their hand’ at trading view it as a get rich quick scheme. That in a very short space of time, they will be able to turn $500 into $1 million! It is precisely this mindset that has resulted in the current economic mess, a bunch of 20-somethings being handed the red phone for financial weapons of mass destruction. The greatest traders understand that trading much like being a doctor, engineer or any other focused and technical endeavor requires time to develop and hone the skill set. Now you wouldn’t see a doctor performing open heart surgery after 3 months on a surgery simulator. Why would trading as a technical undertaking require less time?
Trading success, comes from screen time and experience, you have to put the hours in!
2. Education, education, education.


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Tata Steel,Rel Cap and Sun TV Gann forecast for short term

Tata Steel

Positional/Swing Traders can use the below mentioned levels

Close above 254 target 267/288

 

Intraday Traders can use the below mentioned levels

Buy above 254 Tgt

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Nifty forming triangle,FII FnO Data Analysis

• FII's bought 2.1 K contract of Index Future worth 18 cores ,2.6 K Long contract were squared off by FII's and 4.7 K  short contracts  were squared off by FII's. Net Open Interest decreased  by 7.3 K contract, so today's fall in market was used by FII's to exit long and exit shorts in index futures .Trading Is Harder Than You Think: Complexity Of Trading

Nifty has formed multiple tops near 8530/8525 in past 3 trading sessions and formed 2 Inside day candle in past 2 sessions, also forming a contracting triangle pattern suggesting big move is round the

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Trading Is Harder Than You Think: Complexity Of Trading

On the first glance, trading doesn’t seem to be that hard: you can either buy or sell, that’s it. At the same time, the potential profits a trader can make are limitless, especially when leverage is added to the equation. If you combine these two factors, they make the ideal couple for smart marketers and dodgy trading advertisers.
Many people become interested in trading because it seems pretty straight forward and if you only have to choose between your buy and sell button, it can’t be that hard, right?! But once you start to understand the whole concept of trading, you will notice that on any given day, you will have to answer a variety of complex answers and make decisions that will determine whether your trading strategy will win or lose money.
The First Decisions About Your Trading Strategy
Before you even take your first trade, you have answer a lot of questions that can be overwhelming to people who are new to trading. However, all aspects and concepts are interwoven and leaving out only one will tear a hole in your otherwise perfectly crafted trading strategy.

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ONGC,Andhra Bank and Biocon Harmonic Pattern Analysis

ONGC

Positional/Swing Traders can use the below mentioned levels

Close above 267 target 277/288

 

Intraday Traders can use the below mentioned levels

Buy above 265.5 Tgt..

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Nifty holds Pyrapoint support, FII FnO Data Analysis for 18 Aug

• FII's sold 36.9 K contract of Index Future worth 600 cores ,29 K Long contract were squared off by FII's and 7.9 K  short contracts  were added by FII's. Net Open Interest decreased  by 21 K contract, so today's fall in market was used by FII's to exit long and enter shorts in index futures .Famous People Who Found Success Despite Failures

Nifty saw a big fall minutes of opening and than saw slowly and steady recovery during the course of day. Pyrapoint again came to rescue for Bulls as Nifty took support at Blue line as shown in below chart and saw recovery during the day as shown in below chart.  Pyrapoint suggests support have increased

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SRF,Maruti and Allahabad Bank Darvas Box Trading

SRF

Intraday Traders can use the below mentioned levels

Buy above 1321 Tgt..

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Bank Nifty Weekly Forecast for 17-21 Aug

Last week we gave the Chopad level of 18920 Bank Nifty did 1 target on upside and 3 target on downside rewarding disciplined chopad followers. Lets analyze how to trade market in coming week .

Bank Nifty Hourly

Bank Nifty need to sustain above 4x1 line and close above 45 degree line  for bulls to see breakout.Bounced from 2x1 line on downside suggesting good support in this range.

Bank Nifty Pyrapoint Indicator

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Nifty heading from Breakout, Weekly Analysis

Last week we gave Chopad Levels  of 8550 , Nifty did 3 target on  downside rewarding chopad followers. Lets analyze how to trade market in coming week.

Nifty Pyrapoint Analysis

Again took support and bounced back, Again heading towards the crucial resistance zone of 8636.One of the wonderful tool  for traders.

Nifty Gunner

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Nifty bounces from gann support, FII FnO Data Analysis

• FII's bought 8.7 K contract of Index Future worth 435 cores ,4.7 K Long contract were squared off by FII's and 13.4 K  short contracts  were squared off by FII's. Net Open Interest decreased  by 18.2 K contract, so today's rise in market was used by FII's to exit long and shorts in index futures .Happy Independence Day 2015

Nifty bounced from the  support area as discussed in Weekly analysis.  Nifty again bounced  from the weekly trendline, so high chances we can break 8654 next week. Once 4x1 line

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Happy Independence Day 2015

Carried with care, coated with pride,
dipped in love, fly in glory,
moments of freedom in shade of joy.
Proud 2 be an Indian!Happy Independence!

The freedom fighters gave many slogans that motivated lakhs of Indians to join them in the freedom movement.  Some of these slogans are worth recalling on the eve of Independence Day:

• 'Vande Mataram (Hail to the Mother(land))': Bankim Chandra Chattopadhyay
• 'Jai Jawan, Jai Kisan; Long Live Youth, Long Live Farmer': Lal Bahadur Shastri
• 'Jai Hind': Netaji Subhas Chandra Bose

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Famous People Who Found Success Despite Failures

J.K Rowling, the author of Harry Potter, spoke to the graduating class of Harvard in June 2008. She didn’t talk about success. She talked about failures. Her own in particular. I absolutely love her quote.

“You might never fail on the scale I did,” Rowling told that privileged audience. “But it is impossible to live without failing at something, unless you live so cautiously that you might as well not have lived at all—in which case, you fail by default.

She should know. The author didn’t magically become richer than the Queen of England overnight. Penniless, recently divorced, and raising a child on her own, she wrote the first Harry Potter book on an old manual typewriter.
Twelve publishers rejected the manuscript! A year later she was given the green light by Barry Cunningham from Bloomsbury, who agreed to publish the book but insisted she get a day job cause there was no money in children’s books.
What if she stopped at the first rejection? The fifth? Or the tenth?


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HDFC Bank,NTPC and Zee Harmonic Pattern Analysis

HDFC Bank

Positional/Swing Traders can use the below mentioned levels

Close below 1076 target 1042/1021/1008

 

Intraday Traders can use the below mentioned levels

Buy above 1078 Tgt

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Nifty Gann Box Trading Analysis

• FII's sold 9.9 K contract of Index Future worth 235 cores ,6.8 K Long contract were squared off by FII's and 3 K  short contracts  were added  by FII's. Net Open Interest decreased  by 3.7 K contract, so today's fall in market was used by FII's to exit long in index futures and enter shorts .Are you Losing Money as Trader ?

Nifty continue  forming  lower low and lower high and now is entering the support area as discussed in Weekly analysis. As per Gann Box Nifty traded perfectly between 2x1 and 3x1 angle and traders trading on gann box would have captured both tops and bottom of market today.Weekly closing tomorrow

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Are you Losing Money as Trader ?

Over the years, I have seen several people (including myself) lose fortunes while trading  and I’ve found that invariably, it would be for the same reasons. Such reasons appear mostly psychological and occur often in the trading scene.
It is a known fact 80% of traders lose money and 20% makes profits on the expense of 80% traders going well verse with
Pareto principle
So what exactly is the reasons behind that the misery of traders losing money.
Trade without plan: Most of traders enter the market based on there intuition. They just want to trade as soon as market opens without having any knowledge of volumes, support and Resistances. They just trade coz they want to trade.
Over Leverage: Traders often try to carry too big a position with too little capital, and trade too frequently for the size of the account.

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Yes Bank,Idea and Hind Petro Harmonic Pattern Analysis

Yes Bank

Positional/Swing Traders can use the below mentioned levels

Close above 777 target 800/823

Intraday Traders can use the below mentioned levels

Buy above 777 Tgt..

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Nifty near gann support, FII FnO Data Analysis

• FII's sold 98.7 K contract of Index Future worth 2500 cores ,66.7 K Long contract were squared off by FII's and 31.9 K  short contracts  were added  by FII's. Net Open Interest decreased  by 34.8 K contract, so today's fall in market was used by FII's to exit long in index futures and enter shorts .Stock Market Crash around the World : Blame China

Nifty formed  lower low and lower high as it was unable to cross  crucial supply area and now is entering the support area as discussed in Weekly analysis. Pyrapoint suggests again we are entering the support zone , Gann Box show support near 3x1 line, breaking todays low can see nifty moving 4x1 line

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Stock Market Crash around the World : Blame China

Here are two things that China's government wants very badly: first, for its economy to remain on an even keel, keeping growth and employment high. Second, for its currency, the renminbi, to become a pre-eminent global currency that helps promote the country's diplomatic goals and solidify the country's centrality to the global economy.Frequently those goals are in conflict. But Tuesday, it found a way to advance both at once.

 

That is how to make sense of some blockbuster news out of Beijing that the country will adjust how it manages the renminbi to make the currency's value respond more closely to market forces.

 

The immediate result was a de facto devaluation, with the Chinese currency falling 1.8 per cent versus the dollar and 2.2 per cent versus the euro Tuesday. Those are big moves for the renminbi, considering that the government had a policy of maintaining a strict trading band - enforced with both legal restrictions on the transfer of capital and the government's trillions in reserves. Usually, the renminbi will move only a few hundredths of a per cent against the dollar in a given day; the largest move this year was 0.16 per cent.

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1997 Asian Currency Crisis happening again

Second Verse, Same as the First, a Little Bit Louder and a Little Bit Worse
China surprised the financial markets on August 11, 2015 by devaluing their currency, the Renminbi (CNY), the equivalent of 2% versus the U.S. Dollar (USD). This is the largest daily move in the CNY in over 10 years and likely the first in a series of devaluations by the Chinese government. Since 2014, the Chinese had pegged their currency to the strengthening USD and watched it appreciate against many of the world’s currencies just as the USD was doing. Over the past year for example, the USD and CNY appreciated 20%, 25% and 12% against the euro, yen and South Korean won respectively. It just so happens that these currencies are the ones used by 3 of Chinas largest trade partners. Thus, maintaining a peg to the USD eroded export growth as China’s products became more expensive for countries other than the U.S to import. Conversely, in China the rising CNY brought further deflationary pressure as goods imported from countries that use currencies other than the USD became less expensive. Now, in an effort to level the global trade playing field, China has decided that the economic ha

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HDFC,Biocon and Ajantha Supply and Demand Analysis

HDFC

Positional/Swing Traders can use the below mentioned levels

Close below 157 target 152/149.

 

Intraday Traders can use the below mentioned levels

Buy above 1294 Tgt...

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Nifty breaks 20 DMA, FII FnO Data Analysis

• FII's sold 35 K contract of Index Future worth 857 cores ,16.8 K Long contract were squared off by FII's and 18.1K  short contracts  were added  by FII's. Net Open Interest decreased  by 1.2 K contract, so today's fall in market was used by FII's to exit long in index futures and enter shorts .When You fail as a trader

Nifty formed  lower low and lower high as it was unable to cross  crucial supply area as discussed in Weekly analysis.This is what we discussed yesterday Gann Box with hourly charts are also shown with support and resistance so got resisted at 8x1 line and saw a quick fall till 3x1line, breaking today low of 8497 will see Nifty moving towards 2x1 line @8454. Support now lies in range of 8375-8400 range, Gann Box break of

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When You fail as a trader

Failure is part and parcel of trading but till a certain limit. At first if you don't succeed, try, try again. And when you fail as a trader repeatedly fail and bust your trading account, is it's wise to continue trading ?
Long ago psychologists mapped out something called the inverted U theory of stress and performance. The impact of stress depends on the difficulty of the task you are trying to perform. If a task is relatively easy, a little bit of stressful arousal can enhance performance. But if the task is difficult, even a little bit of stressful arousal can impede performance.
When a task is difficult like trading , High stress can lead to frustration, anger, or despair.Think about the time you lost 20% of your capital in single trade. You were in Stress to recover the lost amount and get back your trading account to breakeven. This additional stress further deitroates your performance as you indulge in High Risk trade and eventually increase your loss.

Trading is hard. It requires lots of  mental energy. Trading is lot like learning to drive for the first time, you need focus and concentration.  With enough practice,

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China Enters Currency War - Devalues Yuan By Most On Record

Risk assets got back in the groove last week, as policy makers once again managed to keep spooky realities from coming out of the closet. Greece not only chickened out but also surrendered to Troika, in order to secure more debt from Euro zone to repay Euro zone and IMF. The fear of unknown has become so great for Greek policymakers that all their year and half talk of “fire and brimstone” proved hollow. Germany managed to call the ‘big bluff” of Greeks right at the moment, when it mattered most. US, then IMF and even ECB made some noise about offering Greeks a way out to future in the Euro zone, through debt haircut, by Germany and other northern European nations snubbed it. Therefore, the ‘kicking the can” down the road exercise, continues, but we believe now with every kick the can is becoming too heavy to do so in the future. While economists may find it difficult to accept how the obvious choices are becoming too difficult to accept in the Euro zone, one being large-scale debt restructuring, other being reforms in south and retooling of economic model in north and finally a move towards political union and fiscal union, but politicians find it easier to drag the status quo as long as they can. After all the ex-PM of Luxemburg and current President of the European Commission, Jean-Claude Juncker captured it well in his statement, “We all know what to do, but we don’t know how to get re-elected once we have done it.”

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HUL,SBI and PNB Gann Analysis

HUL

Positional/Swing Traders can use the below mentioned levels

Close below 898 target 870/843.

 

Intraday Traders can use the below mentioned levels

Buy above 909 Tgt...

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Nifty cracks from gann arc, FII FnO Data Analysis

• FII's bought 19.1 K contract of Index Future worth 613 cores ,18.7 K Long contract were added by FII's and 338  short contracts  were squared off by FII's. Net Open Interest increased  by 18.4 K contract, so today's market was used by FII's to exit shorts in index futures and enter longs. Overcoming Emotions As Trader

Nifty formed higher high but broke yesterday low also suggesting formation of lower low still unable to cross  crucial supply area as discussed in Weekly analysis.Gann Box with hourly charts are also shown with support and resistance so got resisted at 8x1 line and saw a quick fall till 3x1line, breaking today low of 8497

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Overcoming Emotions As Trader

Emotions play perhaps the biggest role in determining whether a trader ultimately succeeds or fails.  Developing a working system is an ability that most traders ultimately develop.  Some people even develop or find excellent trading systems that only need to be followed exactly as the system is intended to be followed, and the trader will make profits on consistent basis.  Unfortunately, most traders do not follow their systems exactly because their emotions get in the way.  This leads to regret, anger, frustration, and ultimately failure.  Trading is hard enough without bringing emotions into it.  If you can learn to master your emotions, you will begin to master trading itself.

The Slimmest Margins Between Success and Failure

What many people may not realize is that the difference between success and failure in trading is extremely narrow.  Look at this chart showing the net profit a trader of a binary security will make depending upon the percentage of time that their trade is a winning trade.
As per the Study If a trader is correct on less than 56% of his trades  he will not make money.  If he is correct on 65% of his trades, he will have a net return of 17%

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Tata Motor,Bank India and Ashok Leyland Darvas Box Analysis

Tata Motor

Positional/Swing Traders can use the below mentioned levels

Close above 398 target 411.

 

Intraday Traders can use the below mentioned levels

Buy above 399 Tgt..

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Bank Nifty Weekly Forecast for 10-14 Aug

Last week we gave the Chopad level of 18830 Bank Nifty did 1 target on upside . Lets analyze how to trade market in coming week as we have CPI and IIP data scheduled for coming week.

Bank Nifty Hourly

Bank Nifty need to sustain above 16x1 line and close above 45 degree line  for bulls to act else 18700/18600 can be seen.

Bank Nifty Pyrapoint Indicator

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Nifty trades near Supply Zone@ 8589, Weekly Forecast

Last week we gave Chopad Levels  of 8500 , Nifty did 1 target on upside and 1 target downside. Coming Week we have IIP/CPI Data coming which will keep market participants on the edge. Lets analyze how to trade market in coming week.

Nifty Hourly Chart

 Nifty hourly chart with gann box is shown above, breakout comes above 8610 8x1 line and support exits near 3x1  degree gann line around 8550/8540 odd levels.

Nifty Pyrapoint Analysis

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Revision of Market Lot of Derivative Contracts on Indices and Stocks

In pursuance of SEBI guidelines for periodic revision of lot sizes for derivatives contracts specifiedin the SEBI circular CIR/MRD/DP/14/2015 dated July 13,2015,the Exchange is in the process of revising the market lots of derivatives contracts on Indices and Stocks  as follows:

Market lots of derivatives contracts on Indices

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Nifty forms Inside Day Pattern, FII Data Analysis

• FII's bought 8.5 K contract of Index Future worth 85 cores ,8.1 K Long contract were added by FII's and 0.4  K  short contracts  were squared off by FII's. Net Open Interest increased  by 7.6 K contract, so today's market was used by FII's to exit shorts in index futures and enter longs. Trading/Investing Mantras from Rakesh Jhunjhunwala billionaire Investor

Nifty formed INSIDE DAY pattern today as it was unable to break previous day high and low  , still unable to cross  crucial supply area

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Trading/Investing Mantras from Rakesh Jhunjhunwala billionaire Investor

Big Bull Badshah of Dalal Street Rakesh Jhunjhunwala needs no introduction he is known as stock guru and warren buffet of India. By profession Rakesh Jhunjhunwala is a qualified Chartered accountant. He started his investment in stock market when BSE Sensex was at 150 in 1985. He started his investment with 5000 Rs/- and now his portfolio worth is 5119 Cr. He manages his own portfolio as a partner in his asset management firm, Rare Enterprises. Jhunjhunwala’s portfolio of stocks is tracked religiously by many followers.
Rakesh jhunjhunwala is indeed successful stock market investor. So question arise that what are things/qualities that makes Rakesh Jhunjhunwala successful & billionaire Investor?
India has many so-called stock experts, trader stock analysts but none of the trader or stock analyst is as successful as Rakesh Jhunjhunwala. So with close observation I could locate following 5 secretes that make Rakesh Jhunjhunwala successful billionaire Investor.

 

(1)   Capital:-

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Divis,DHFL and IDFC harmonic pattern analysis

Divis Lab

 

Positional/Swing Traders can use the below mentioned levels

Close below 1974 target 1930/1900

 

Intraday Traders can use the below mentioned levels

Buy above 2000 Tgt..

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Nifty forms doji,FII FnO Data Analysis

• FII's bought 10 K contract of Index Future worth 266 cores ,8.8 K Long contract were added by FII's and 1.2 K  short contracts  were squared off by FII's. Net Open Interest increased  by 7.5 K contract, so today's market was used by FII's to exit shorts in index futures and enter longs. Exercise to Relive Stress for traders

Nifty continue to form higher high and higher low formation , still unable to cross  crucial supply area as discussed in Weekly analysis. Today close was  and our supply area was at 8588.65. Crossing/

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Exercise to Relive Stress for traders

Stress kills, and trading is among the most stressful of any profession. Stress-related illness accounts for between 75-90%.
Take any disease known to man, and you will find:It's caused by stress It's made worse by stress If you get it, you will have stress
In this faster and faster forward world where traders are bombarded with date, information, opinion and price movement, we must find a way to turn down the stress By setting aside 20 minutes once or twice a day we see enormous benefits to the body.
These include: clearer thinking, lowered blood pressure, increased oxygen consumption by the body and brain, less fatigue and increased well-being.
Perhaps the simplest way to get into a state of de-stress and tame anxiety is The Relaxation Response. First described in a book by Herbert Benson, M.D., the technique is easy to learn, can be done anywhere, and the benefits to mind, body and spirit are enormous.
Here are the simple steps to The Relaxation Response:


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CESC,Voltas and Mindtree short term trading analysis

CESC

 

Positional/Swing Traders can use the below mentioned levels

Unable to close above 597 target 570,555

 

Intraday Traders can use the below mentioned levels

Buy above 597 Tgt..

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