Nifty near supply area, FII FnO Data Analysis

• FII's sold 1.9 K contract of Index Future worth 144 cores ,2.9 K Long contract were added by FII's and 4.9 K  short contracts  were added of by FII's. Net Open Interest increased  by 7.9 K contract, so today's rise in market was used by FII's to enter both long  and shorts in  Index futures  Secrets of Profitable Traders Part-1

Nifty opened with gap above and did not came down to fill gap, as today was monthly closing so NAV game started in last hour with nifty rising

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Bank Nifty EOD Analysis for 01 October

• As discussed in last analysis After the initial rise Bank Nifty took resistance at pyrapoint 90 degree line  as shown in 2 chart and closed below the gann trendline. We need close above gann trendline for bullish mode else we can again correct back to 16600/16300 odd levels.  Today also Bank nifty was unable to close above the trendline and also unable to break the pyrapoint resistance of 90 degree as shown in 2 chart.Till its not crossed probability of bank nifty moving to 16700/800 exists,Breakout only on closed above 16752. Secrets of Profitable Traders Part-1

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Secrets of Profitable Traders Part-1

Highly profitable traders are not born, they are made. They do not rely on pure luck to make consistent earnings but on their calculated moves when trading in stocks/Forex/commodities.
Today lets discuss the Qualities of Top trader.
1. Discipline
Without discipline, none of the other qualities matter. It is possible for any trader to invest some money in a  account, enter their very first trade and make a high profit and repeat the process and make profits for a short duration of time.The story of most of retail trader, but what differentiate professional from retail trade is:
However, it is only a disciplined trader who will be able to consistently make profits over a long period of time.A trader who lacks discipline will most likely wipe out his/her  trading account in a very short time period.
2. Perseverance

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Airtel,Shriram and Ultra Cement Harmonic Analysis

Bharti Airtel

Positional/Swing Traders can use the below mentioned levels

 Close  above 323 Tgt 343

 

Intraday Traders can use the below mentioned levels

Buy above 323 Tgt..

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Nifty unable to break gann line with 50 BPS cut,EOD Analysis

• FII's sold 30.6 K contract of Index Future worth 519 cores ,12.6 K Long contract were squared off by FII's and 17.9 K  short contracts  were added of by FII's. Net Open Interest increased  by 5.3 K contract, so today's rise in market was used by FII's to enter both long  and shorts in  Index futures  Secrets of successful Intraday Trading

As discussed in last analysis Again 7767 demand area will play crucial role tomorrow. Any close below the same will increase portability of nifty hitting 7539 and below. Holding the same can see bounceback till 7958 so 7767 should be watched closely tomorrow.  Nifty o

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Bank Nifty unable to close above gann line,EOD Analysis for 30 Sep

• As discussed in last analysis Bank Nifty reacted from gann line of resistance and is heading towards the first support of 17000 and ultimate target of green arc as shown in below chart around 16700/16650. Low made today 16650 exactly at green arc as shown in below chart before RBI policy, and saw the huge bounce after RBI Cuts Repo Rate by 50 bps-- Full Text . After the initial rise Bank Nifty took resistance at pyrapoint 90 degree line  as shown in 2 chart and closed below the gann trendline. We need close above gann trendline for bullish mode else we can again correct back to 16600/16300 odd levels.

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Secrets of successful Intraday Trading

Intraday trading means buying and selling in the same day. It may be either buying first or short selling. Normally intraday traders book profit in small margins. People are making profit by repeated trades or by trading large quantities. One thing to be mentioned here is intraday trading is high risk involved.
The Golden rule of intraday trade is ride with the trend. Hence the first step to make profit in intraday trade is to identify the stock. Intraday charts are the best way to identify stocks for trading intraday. Also one should make a good home work before entering in intraday trade. Home work means, study the historical charts and find out the upward or downward moving stocks. Then see the previous days intraday chart. Find out the support and resistance levels. The better strategy will be buy at previous days support level and short at previous days resistance levels. Also shorting below support level and buying above resistance level are good ideas.

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Tata Motor,ICICI and IDBI supply and Demand Analysis

Tata Motor

Positional/Swing Traders can use the below mentioned levels

 Close below 280 target 267, Bullish only above 288 Target 300/322

 

Intraday Traders can use the below mentioned levels

Buy above 285  Tgt

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Bank Nifty corrects from Gann Line, Technical Structure before RBI policy

• As discussed in last analysis Bank Nifty reacted from gann line of resistance and is heading towards the first support of 17000 and ultimate target of green arc as shown in below chart around 16700/16650.Pyrapoint suggest  Break of 17000 on closing basis opens possibility of nifty moving towards 16500/16400 in short term.Bullish on close above 17600.
  

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FII FnO Data Analysis before RBI policy

• FII's sold 827 contract of Index Future worth 8.6 cores ,3.9 K Long contract were added by FII's and 4.7 K  short contracts  were added of by FII's. Net Open Interest increased  by 8.6 K contract, so today's fall in market was used by FII's to enter both long  and shorts in  Index futures  Why RBI cannot cut Rate Aggressively

Nifty again reacted from gann line as discussed in last analysis Nifty made high of 7894 near gann line and showed the big fall in end session, Again 7767 demand area

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Why RBI cannot cut Rate Aggressively

Taken from the Speech of RBI Governor Dr. Raghuram Rajan
A lesson from Brazil?
Perhaps Brazil offers a salutary lesson. Only a few years ago, the world was applauding the country’s thriving democracy, its robust economic growth, and the enormous strides it was making in reducing inequality. It grew at 7.6 percent in 2010, and had discovered huge oil reserves which the then President Lula likened to “winning a lottery ticket”. Yet the country is expected to shrink by 3 percent this year, and its debt just got downgraded to junk. What went wrong?
Paradoxical as it may seem, Brazil tried to grow too fast. The 7.6 percent growth came on the back of substantial stimulus after the global financial crisis. In an attempt to keep growth high, the New York Times says the central bank was pressed to reduce interest rates, fuelling a credit spree that overburdened customers are now struggling to repay.² Further, Brazil’s government funded development bank hugely increased subsidized loans to corporations. Certain industries

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Adani Port,Reliance and Amar Trendline Analysis

Adani Ports

Positional/Swing Traders can use the below mentioned levels

 Close below 300 target 288

 

Intraday Traders can use the below mentioned levels

Buy above 305.3 Tgt

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Bank Nifty Weekly Analysis for RBI Policy Week

Last week we gave the Chopad level of 17170 Bank  Nifty gave Buy opputunity @17170 for Chopad Followers and did all 2 targets on Upside and again gave Shoring Opportunity did 2 target on downside thus rewarding Chopad Followers by 800 points. Lets analyze how to trade market in coming week where we have RBI policy on 29 Sep.

Bank Nifty Hourly

 Bank Nifty hourly chart is again forming triangle height being 912 points, target prices are mentioned in above chart for both breakout and breakdown.

Bank Nifty Pyrapoint Indicator

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Nifty Weekly Analysis for RBI Policy Week

Last week we gave Chopad Levels  of 7930 , long taken as per Chopad levels got rewarded with 234 points as Nifty did all 1 targets on Upside and all 3 targets on downside. We have trading Holiday on 02 October.  Lets analyze how to trade market in coming week.

Nifty Hourly  Chart

 As discussed last week Nifty hourly EW chart shows if 8055 is not broken we can see downmove till 7800 in coming week.

Now if 8000 is not broken on closing basis we can go down till 7650/7539 and forming new low for 2015.

Nifty Hourly Gann Box

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Bank Nifty October series overview

• Highly Volatile September Series came to an end, We saw high of 17652  and low of 15762  range of 1800 points sentiments of traders moving from extreme negative to positive but overall from August to September expiry nifty moved just 18 points (Close of August Series 17214 and Close of September Series 1796) suggesting it  was expiry for Option Writers.  For October series we need to close above 17650 for bullish move else any close below 17000 can see bears taking upper hand and nifty moving towards 16286/15760. Gann line will play crucial role as shown in below two charts.
  

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Valuable Trading Lesson Learnt From my Trading Guru Part-II

Continuing with my previous week article Trading Lesson Learnt From my Trading Guru
I hope many traders who are trading or willing to start trading will be facing with the same dilemma and confusion so today am sharing few fundas i got from my trading guru. Use them and see the change in your trading.

 As a traders its not mandatory to be in market all the time.

The basic mindset of amateur trader is we are  supposed to have a position, in market all the time.
My GURU Answer: Emphatic NO.
This is one of the most difficult things to learn. Psychologically, it feels strange to have no position. It can feel like we aren’t working or that we don’t have a view on the markets.
My Guru said if you didn’t have a strong view on any market, then stay out of market. Money Saved is money earned. When there was nothing to do, he did nothing. He would say

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Best Stock Market Movies

As we have extended Weekend sharing Five Best Stock Market Movies

1. Gafla

'Gafla' begins as a story about an ordinary young man, Subodh, in ordinary circumstances. Subodh starts out as like any middle-class guy, with limited opportunities to survive and get ahead. 'gafla' follows Subodh's journey into the stock markets and beyond through the eyes of different people in his personal and professional life.


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Nifty October series overview

Highly Volatile September Series came to an end, We saw high of 8055 and low of 7539 range of 516 points sentiments of traders moving from extreme negative to positive but overall from August to September expiry nifty moved just 81 points (Close of August Series 7948 and Close of September Series 7868) suggesting it  was expiry for Option Writers. 7900 CE/PE combo

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Technical Analysis of S&P500 by BofAML

Very Nice Analysis done by BofAML, Must Read for Aspiring TA's
The technical pattern for S&P 500 and many other US and global equity market indices is sell rallies, according to BofAML's Stephen Suttmeier, who notes that the market is as overbought now as it was in July.
Last week's post Fed-Decision price action was a bearish key reversal day (or shooting star in Japanese candlesticks) on the S&P 500.

Given the risk of a bearish trend change, a bearish key reversal day is consistent with the sell rallies pattern.
 
S&P 500 levels for the week & beyond


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Why Volkswagen Is Systematically Important For Germany And Europe

It is no secret that with the rest of the US economy, and especially housing, sputtering the one bright spot for US production and manufacturing has been the automotive sector. Whether the recent strength has been a function of money-losing leases, extremely generous terms on auto loans including a new rise in subprime debt issuance is up for debate, but whatever the reason carmakers have had a few years of relative stability (with China rolling over this won't last, but that's a different topic).
But if in the US automakers have been the solitary silver lining to an economy that is once again rolling over (as the Fed lack of a rate hike just confirmed), in Europe carmakers are absolutely critical, while for export powerhouse Germany, one can say the local auto industry is nothing short of systemic.
Here are the latest facts on Germany's automotive industry from GTAI.de

• German automobile manufacturers produced almost 13 million vehicles in 2013 – equivalent to more than 17 percent of total global production.  Twenty-one of the world’s 100 top automotive suppliers are German companies.
• The automotive industry is the largest industry sector in Germany. In 2014, the auto sector listed a turnover of EUR 384 billion, around 20 percent of total German industry revenue. Source: VDA 2015
• The auto industry is the largest industrial sector in Germany, contributing about 2.7% to gross domestic product.
• Some 20% of Germany's exports are made up of vehicles and parts.
• Germany is Europe’s number one automotive market; accounting for over 30 percent of all passenger cars manufactured (5.6 million) and almost 20 percent of all new car registrations (3.04 million). Source: ACEA 2015
• Germany is home to 43 automobile assembly and engine production plants with a capacity of over one

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Titan,HUL and LIC Gann Intraday Forecast

Titan

Intraday Traders can use the below mentioned levels

Buy above 321 Tgt..

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Nifty bounces from demand zone, FII FnO Data Analysis

• FII's sold 35.9 K contract of Index Future worth 697 cores ,80.4 K Long contract were added by FII's and 116 K  short contracts  were added of by FII's. Net Open Interest increased  by 196 K contract, so today's fall in market was used by FII's to enter both long  and huge shorts in  Index futures, as Rollover have started happening.  Important Message for Traders Holding Dec 2015 Options Contracts

As discussed in previous analysis  7767 is the demand zone if held we can see bounceback till 7870/7900 if not we are heading towards 7539 and 7422 Nifty made low of..

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How Emotion affect Day Trading

Despair = Losing Money – Trading Better
Do not despair look at your losses as part of doing business and as paying tuition fees to the markets.
Disappointment = Expectations – Reality
Enter trading with realistic expectations. You can realistically expect 20%-35% annual returns on capital with great trading. More than that is possible but unlikely.
Regret = Disappointment in a loss+ Caused by lack of Discipline
If you followed your

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Century Textile,Mindtree and Exide MML Analysis

Century Textile

Intraday Traders can use the below mentioned levels

Buy above 530 Tgt...

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Nifty falls from supply zone, FII FnO Data Analysis

• FII's sold 35.9 K contract of Index Future worth 697 cores ,80.4 K Long contract were added by FII's and 116 K  short contracts  were added of by FII's. Net Open Interest increased  by 196 K contract, so today's fall in market was used by FII's to enter both long  and huge shorts in  Index futures, as Rollover have started happening.  Important Message for Traders Holding Dec 2015 Options Contracts

As discussed in previous analysis  Nifty is stuck in 180/135 degree gann angles as shown below, Friday took resistance at 135 and Today took support at 180 and bounced back, breaking the same we can see a move towards 8074/8113 on upside and 7850/7760 on downside. Nifty today

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Why Trading Plan is must for traders

All successful traders have one common, yet very important ingredient in their trading methodologies: a game plan.

 “Many traders and investors go through their sometimes very short investing lives planning trades they never execute and executing trades they never plan.”

“Experience has proven that success follows the wise trader/investor who identifies an effective strategy, and has the discipline necessary to carry it out,”

There are two key elements that distinguish the successful trader from the unfortunate majority: strategy and discipline.Many traders take positions “based on impulse, hunch, or what they read from a newsletter--instead of reason--and then wait to get lucky. They have not learned or probably even thought about the fact that even the very best traders consider themselves fortunate to be right on most trades, or even to make significant profits during most years.”
“If the trader will take the time to plan his trades properly, he can possibly have the odds on his side in the long run, which is something few gamblers could ever attempt to achieve. Over the long term, those traders/investors that are still operating in the markets--and who have followed a carefully thought out and well-defined plan in a disciplined manner--expect to have favorable results,” said Tirone.


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Important Message for Traders Holding Dec 2015 Options Contracts

As discussed before on this post Revision of Market Lot of Derivative Contracts on Indices and Stocks

Nifty December Lot Size will change to 75 after September expiry, Currently lot size is 50 not 25. Traders holding December Options need to readjust their position before September Expiry else they will get Stuck u till December 2015.
Let me explain the same with an elaborative example.
Ramu is Holding 1 lot(50 Qty) of Nifty 8500 CE Dec 2015 Contract after

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Arvind,M&M Finanace and Wipro Harmonic Analysis

Arvind

 

Intraday Traders can use the below mentioned levels

Buy above 293 Tgt..

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Nifty trades between gann angles,FII FnO Data Analysis

• FII's sold 87.7 K contract of Index Future worth 1836 cores ,10.7 K Long contract were added by FII's and 98.5 K  short contracts  were added of by FII's. Net Open Interest increased  by 109 K contract, so today's rise in market was used by FII's to enter both long  and huge shorts in  Index futures, as Rollover have started happening.  What Traders can learn from sportsman

As discussed in previous analysis  Bears need

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What Traders can learn from sportsman

As a sportsman(So too as a trader), you've got to realize that it's not the end of the world if you lose one game or more..You should get down to basics and play every point on its merit. The moment you sit down to differentiate the first point from the last, emotions take over. Now, that needs to be detached. Focus is defined by the three "c"s, Courage, Composure and Consistency. When you need to prepare, there should be no distractions whatsoever. This is not a hobby, this is no child's play, it is business. Even a cartwalla has commitment and consistency to make his few rupees. Market gives "huge" unlike any other business and instantly too(No collections/ recoveries here as in any other business) for the one who has a method, discipline to adhere to that winning strategy steadfastly.
Most traders/investors dissipate their energy & concentration on loose & boastful talk, when they should be relaxing after the markets, disconnecting from it for a while and then prepare for the next battle as in war...there is no time to sit back. You run..go on running. Do you see anyone stopping to take a breath in the football field once the game is on. To keep running like that, he must have undergone months of rigorous training. The difference here in our market is your training and trading is combined seamlessly.

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ONGC,Yes Bank and Maruti Supply Demand Analysis

ONGC

Positional/Swing Traders can use the below mentioned levels

 Close below 233 target 228/225

 

Intraday Traders can use the below mentioned levels

Buy above 237 Tgt

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Bank Nifty Weekly Forecast for 21-24 Sep

Last week we gave the Chopad level of 16670 Bank  Nifty gave Buy opputunity @16670 for Chopad Followers and did all 3 targets by Friday thus rewarding Chopad Followers by 540 points. We also have trading Holiday on 25 Sep.  Lets analyze how to trade market in coming week.

Bank Nifty Hourly

 Bank Nifty hourly chart did the target as expected last week analysis

Bank Nifty Pyrapoint Indicator

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Nifty Weekly Forecast for 21-24 Sep

Last week we gave Chopad Levels  of 7815 , long taken as per Chopad levels got rewarded with 240 points as Nifty did all 3 targets on Upside as High made was 8055 which as 1 point short of our 3 target of 8056. We have trading Holiday on 25 Sep.  Lets analyze how to trade market in coming week.

Nifty Hourly  Chart

 Nifty hourly EW chart shows if 8055 is not broken we can see downmove till 7800 in coming week.

Nifty Hourly Gann Box

Nifty is near an important gann

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Trading Lesson Learnt From my Trading Guru

The day I started trading I hoped to make lot of money, and ultimate goal of every trader is to trade for a living. My Guru asked me how you are going to make "a lot of money", I said some blah blah but Honestly speaking I did not had any concrete answer.  Somewhere in the back of my mind I secretly hoped I will catch the one big move that will make me enough money to trade like Big boys. Unfortunately the odds of catching the "big one" are probably the same as those for winning the lottery.
I hope many traders who are trading or willing to start trading will be facing with the same dilemma and confusion so today am sharing few fundas i got from my trading guru. Use them and see the change in your trading.

Have a realistic trading goal

First and foremost thing my Guru told me  "I should have a trading goal". The goal did not have to be a large one like being a millionaire in 1 year, Trading goal should be simple and realistic. Having a trading goal would help me focus better on the markets. I would come to see better opportunities (note this is not the same as “more opportunities”) as well as managing my money better. Since I did not have a very large trading account at that point of time ,My Guru suggested to start with a goal of netting 2500 per week out of the markets. So If I could do this consistently for four weeks, I shoul

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Nifty forms Gravestone Doji,FII FnO Data Analysis

• FII's sold 6.7 K contract of Index Future worth 470 cores ,63.1 K Long contract were added by FII's and 69.8 K  short contracts  were added of by FII's. Net Open Interest increased  by 133 K contract, so today's rise in market was used by FII's to enter both long  and shorts in  Index futures, as Rollover have started happening.  How To Teach Your Brain To Trade

As discussed in previous analysis Nifty closed above its gann trendline resistance as shown below gunner chart,will be see follow up move till  7948/8050 on Upside, In case of failed breakout we can see downmove till 7700/7650. Nifty made high of 8055

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How To Teach Your Brain To Trade

This post is a continuation of HOW YOUR BRAIN STOPS YOU FROM BEING A TRADER ( the previous post )
A lot of books have been written about the two sides of our brain. The Left Side which is the more linear, formula based, procedure oriented brain and The Right Side which understands design, symphony and context. Nobel Laureate Daniel Kahneman calls it System I and System II.
System I – is the one which came up with the word HILL ( jack and Jill went up the ____ ) It prompted you. It always does that. Bad news is you can’t even shut it down. Want a proof ?
Which line is bigger ?

There is a voice inside your brain

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Bharat Forge,ACC and Bata India Trendline Analysis

ACC

Positional/Swing Traders can use the below mentioned levels

 Close below 1364 target 1330/1300

 

Intraday Traders can use the below mentioned levels

Buy above 1384 Tgt..

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No Rate Hike - FOMC Statement

• **FOMC: NO POLICY CHANGE, 0-0.25% TARGET 'REMAINS APPROPRIATE'
• **FOMC: GLOBAL ECON,FIN EVENTS 'MAY RESTRAIN ECON ACTIVITY'
• **FOMC: VOTE 9-1; LACKER DISSENTS, WANTED 25 BPS HIKE

Full  Statement below:
Information received since the Federal Open Market Committee met in June indicates July suggests that economic activity has been  expanding moderately in recent months. Growth in at a moderate pace.
Household spending has been moderate and business fixed investment have been increasing moderately, and the housing sector has shown additional improvement improved further ; however, business fixed investment and net exports stayed have been soft. The labor market continued to improve, with solid job gains and declining unemployment. On balance, a range of labor market indicators suggests  how that under utilization of labor res


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FII FnO Data Analysis before Fed Event

• FII's sold 1.3 K contract of Index Future worth 50 cores ,16.7 K Long contract were squared off by FII's and 15.3 K  short contracts  were squared of by FII's. Net Open Interest decreased  by 32.1 K contract, so today's rise in market was used by FII's to exit both long  and shorts in  Index futures  Five Fed Scenarios & The Market Impact

Nifty closed above its gann trendline resistance as shown below gunner chart,will be see follow up move till  7948/8050 on Upside, In case of filed breakout

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Happy Ganesh Chaturthi

Ganesh Chaturthi, one of the most sacred Hindu festivals, celebrates the birth of Lord Ganesha - the supreme God of wisdom and prosperity. This annual occassion is observed by the whole of Hindu community with great fervor and piety.  Have a grand time this Ganesh Chaturthi. May the Lord bless you and all your loved ones.

Ganesh Chaturthi or "Vinayak Chaturthi" is one of the major traditional festivals celebrated by the Hindu community. It is observed in the Hindu calendar month of Bhadrapada, starting on the shukla chaturthi (fourth day of the waxing moon period). Typically the day falls sometime between August 20 and September 15. The festival lasts for 10 days, ending on Ananta Chaturdashi, and is traditionally celebrated as the birthday of Lord Ganesha.
According to Hindu mythology, Lord Ganesha is

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Five Fed Scenarios & The Market Impact

 1. A surprisingly hawkish Fed: We define this as a rate hike combined with no downgrade of future terminal rate projections. In this case we would expect the USD to resume trend appreciation and rally by at least 5% by the end of the year on a broad TWI basis.

2. The Fed hikes but qualifies this by producing suppressed terminal rate expectations among other caveats: This should allow the USD to gain ground in line with our existing relatively muted forecast profile for the next 3 months. But the upside move is likely to be short and sharp as the subsequent period of suppressed rate expectations will reduce the potential for rate-differential and by extension FX volatility and trends.

3. The Fed does not

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How Your Brain Stops You From Being A Trader

We are all numb nuts. Including me. And the best part – We don’t know that we don’t know. It’s called ‘Dogmatism’ – an unshakeable belief that we know something to be true even if we don’t. It’s difficult to accept, I know. So let me take you on a wild goose chase…
Listen to this story  :
A Little girl named Mary goes to the beach with her mother and her brother. They drive there in a red car. At the beach, they swim, eat some ice cream, play in the sand, and have some sandwiches for lunch.
Take a pen a paper and start writing answers to the following questions without re- reading the passage. Be truthful about this if you want to be amazed. Here are the questions ;

1. What is the colour of the car ?
2. Did they have fish and chips for lunch ?
3. Did they listen to music in the car ?
4. Did they drink lemonade with lunch ?

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DLF,BoB and Indusind Bank harmonic analysis

Bank Baroda

Positional/Swing Traders can use the below mentioned levels

 Close below 178 target 170/165

 

Intraday Traders can use the below mentioned levels

Buy above 183.3 Tgt..

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Nifty fall from gann trendline,FII FnO Data Analysis

• FII's bought 10.6 K contract of Index Future worth 256 cores ,18.1 K Long contract were added  by FII's and 7.5 K  short contracts  were added  by FII's. Net Open Interest increased  by 25.7 K contract, so today's fall in market was used by FII's to enter long  and shorts in  Index futures  Learn to Conquer the Fear and Emotions in Trading Part-II

Nifty reacted from its gann trendline resistance@7880 as shown below gunner chart,made an inside day pattern suggesting big move will be seen in next 2 days

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Learn to Conquer the Fear and Emotions in Trading Part-II

In Continuation with 1 Part

The Stress Effect

Ttrading brings its fair share of stress, as you all know. The question revolves around how you handle the stress. Some get physically sick, some start to panic, and some even go into depression due to the violent swings that the stock market can produce. Depending on the situation and the person, the stress reaction may be minor or very severe. Your bodies response to stress is physically and emotionally exhausting. As you continue to experience stressful situations, the more accustomed you become to the idea of the negative feelings that are associated with stress. These negative feelings turn conviction into doubt and nervousness. Practice yoga, meditate, play sports, exercise, spend time with your loved ones, work on your spiritual growth.


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Reliance Capital,Just Dial and Ambuja Cement Gann Analysis

Just Dial

Positional/Swing Traders can use the below mentioned levels

 Close above 932 target 953/966

 

Intraday Traders can use the below mentioned levels

Buy above 932 Tgt...

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Nifty held on to Gann resistance line,FII FnO Data Analysis

• FII's sold 11.4 K contract of Index Future worth 33 cores ,13.7 K Long contract were squared off by FII's and 2.2 K  short contracts  were squared off by FII's. Net Open Interest decreased  by 16 K contract, so today's rise in market was used by FII's to exit long  and shorts in  Index futures  Motivational Story of the Uncashed Cheque

Nifty is near gann trendline resistance as shown below gunner chart  resistance

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THE UNSPOKEN TRUTH OF BEING A DAY TRADER

THE BEGINNERS LUCK SUCKER PUNCH
In Gambling, this thing is called Beginner’s Luck. More often than not the first gamble makes you money. Gamble of any kind. I tried Horse Racing too. It applies everywhere. Why does that happen ? Why does God hate his children ? I think God has a lot of work to do. All work and no play makes Jack a dull boy. So God gives you the first profit. He gets bored so he wants to spice things up and see how you cry and dance at the same time.
My dance had just begun. Crying would come much later.
WHAT IS DAY TRADING REALY ?
Imagine playing Super Mario on your computer. Now imagine playing Level 9 where Mario gets to the princess. To make matters exciting, let Mario run at 10 times the normal speed. When Mario is on the run, switch off the screen at random intervals. Just for fun. That is day trading in a nutshell.
But it’ not all that bad. There are a few advantages of Day Trading ;
GREAT ACTING SKILLS

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Hindalco,HDIL and Axis Bank Darvas Box Analysis

Hindalco

Positional/Swing Traders can use the below mentioned levels

76 is trend changer level, Closing above it stock is heading to 81. Unable to close above it stock is heading to 72/68

 

Intraday Traders can use the below mentioned levels

Buy above 76.7  Tgt...

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Bank Weekly Forecast before Fed Rate Hike Decision

Last week we gave the Chopad level of 16000 Bank  Nifty gave Buy opputunity @16000 for Chopad Followers and did all 3 targets by Tuesday thus rewarding Chopad Followers by 670 points. Important Events For Next Week – All eyes on Fed, BoJ and Greece and we also have trading Holiday on 17 Sep.  Lets analyze how to trade market in coming week.

Bank Nifty Hourly

 Bank Nifty hourly chart is in neutral mode as it closed around 21/34 EMA, also forming contracting triangle pattern whose targets are shown above.

Bank Nifty Pyrapoint Indicator

Resistance@ 225degree line

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Nifty held weekly trendline,Weekly Forecast for Fed Rate Hike Decision

Last week we gave Chopad Levels  of 7563 , Shorts were stopped out on Tuesday and long taken as per Chopad levels got rewarded with 200 points as Nifty did all 3 targets. Important Events For Next Week – All eyes on Fed, BoJ and Greece and we also have trading Holiday on 17 Sep.  Lets analyze how to trade market in coming week.

Nifty Hourly  Chart

 Nifty hourly chart is in neutral mode as it closed around 21/34 EMA, also forming contracting triangle pattern whose targets are shown above.

Nifty Supply and Demand

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Important Events For Next Week – All eyes on Fed, BoJ and Greece

The Federal Reserve isn’t the only central bank announcing a decision next week but it will be the most watched.
Here’s a preview of what to expect in the coming days.

Fed decision

It’s finally time. The Federal Reserve begins its much anticipated two-day monetary policy setting on Wednesday and on Thursday markets get the interest date decision and forecasts at 2 pm ET. The announcement will be followed by Fed chair Janet Yellen’s press conference.
Following the gyrations in global markets, stemming from concerns on the Chinese economy, traders now see a 30 per cent probability for a rate rise next week.
Economists at Bank of America

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Nifty near gann resistance line,FII FnO Data Analysis

• FII's bought 6.9 K contract of Index Future worth 240 cores ,11.6 K Long contract were added  by FII's and 4.6 K  short contracts  were added by FII's. Net Open Interest increased  by 16.2 K contract, so today's fall in market was used by FII's to enter long  and enter shorts in  Index futures  Motivational Story of the Uncashed Cheque

Nifty is near gann trendline resistance as we have been discussing from past 2 days resistance @

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How to use Stochastic Oscillator in trading

Developed by George C. Lane in the late 1950s, the Stochastic Oscillator is a momentum indicator that shows the location of the close relative to the high-low range over a set number of periods. According to an interview with Lane,

The Stochastic Oscillator "doesn't follow price, it doesn't follow volume or anything like that. It follows the speed or the momentum of price.As a rule, the momentum changes direction before price." As such, bullish and bearish divergences in the Stochastic Oscillator can be used to foreshadow reversals. This was the first, and most important, signal that Lane identifie dBecause the Stochastic Oscillator is range bound, is also useful for identifying overbought and oversold levels.

CALCULATION

%K = (Current Close - Lowest Low) / (Highest High - Lowest Low) * 100
%D = 3-day Simple Moving Average (SMA) of %K
Lowest Low = Lowest Low for the look-back period
Highest High = Highest High for the look-back period
Note: %K is multiplied by 100 to move the decimal point two places
The default setting for the Stochastic Oscillator is 14 periods, which can be days, weeks, months or an intraday timeframe. A 14-period %K would use the most recent close, the highest high over the last 14 periods and the lowest low over the last 14 periods. %D is a 3-day simple moving average of %K. This

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Motivational Story of the Uncashed Cheque

There was a business executive who was deep in debt and could see no way out. Creditors were closing in on him. Suppliers were demanding payment. He sat on the park bench, head in hands, wondering if anything could save his company from bankruptcy.

Suddenly an old man appeared before him. "I can see that something is troubling you," he said. After listening to the executive's woes, the old man said, "I believe I can help you." He asked the man his name, wrote out a cheque, and pushed it into his hand saying, "Take this money. Meet me here exactly one year from today, and you can pay me back at that time." Then he turned and disappeared as quickly as he had come.

The business executive saw in his hand a cheque for $500,000, signed by John D. Rockefeller, then one of the richest men in the world!

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HDFC,PFC and Tata Motor Supply and Demand Analysis

HDFC

Positional/Swing Traders can use the below mentioned levels

 Close below 1175 target 1131

 

Intraday Traders can use the below mentioned levels

Buy above 1190  Tgt..

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Nifty near supply zone, FII FnO Data Analysis

• FII's bought 34.1 K contract of Index Future worth 801 cores ,33.3 K Long contract were added by FII's and 779  short contracts  were squared off FII's. Net Open Interest increased  by 34.1 K contract, so today's rise in market was used by FII's to enter long  and exit  shorts in Bank Nifty Index futures  Learn to Conquer the Fear and Emotions in Trading

This is what we discussed yesterday    Nifty formed double bottom at 7540 as 08 Aug 2014 low and today low were same. Gann arc/Fibo Fans also provided support and gave indication of rally and we are heading towards 7760/7830 if 7700 held on closing basis. Next 2..

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Learn to Conquer the Fear and Emotions in Trading

Stock Trading Emotions

Emotions have no place in a day trader, swing trader, or even long term trader’s outlook on their investments. When we try and protect ourselves from fear, we end up resorting back to our habitual instincts to enter into a place of comfort, whether or not that place is reality. We stop taking responsibility for our own fears and start blaming others for our problems. At the end, we try and find an easy way out by searching for magic indicators, or Holy Grail solutions.
When I think back to my trading career, I remember the times where I continuously changed my trading techniques to achieve the result that I was looking for. No matter what technical indicator or stock trading system that I used, I would yield the same result, losses. It didn’t matter what I did, I had to fix the real problem which was in my psyche.

Reviewing and Conquering Stock Trading Emotions

You will face strong resistance internally from yourself when you take your firs

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Asian Paint,Colgate and SRF Harmonic Analysis

Asian Paint

Positional/Swing Traders can use the below mentioned levels

 Close above 802 target 820/843

 

Intraday Traders can use the below mentioned levels

Buy above 802 Tgt..

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Nifty bounces from gann arc,FII FnO Analysis

• FII's bought 34.1 K contract of Index Future worth 801 cores ,33.3 K Long contract were added by FII's and 779  short contracts  were squared off FII's. Net Open Interest increased  by 34.1 K contract, so today's rise in market was used by FII's to enter long  and exit  shorts in Bank Nifty Index futures  How trader reacts when market move against them ?

This is what we discussed yesterday   Close above 7563 is required for bulls to have some relief rally till 7700/7760, Bear market rallies will be fast and furious always keep this in mind while trading the next 3 days. Nifty formed

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How trader reacts when market move against them ?

Eric Barker has a new article (link here) on how to win every argument. The article had a point which made me think whether the same situation happens in trading.
So it quoted an experiment by psychologist Drew Westen, which showed to supporters, footage of their favorite candidates completely contradicting himself. The experiment found that as soon as the people realized that the information contradicted their world view, the parts of the brain that handle reason and logic went dormant, while the parts of the brain that handle hostile attacks – the fight-or-flight response – lit up. Essentially logic gets thrown out the window, and it just becomes a fight where you do anything to win.
A similar situation occurs in trading,

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BPCL,LIC and Ashok Leyland Price Channel Analysis

BPCL

Positional/Swing Traders can use the below mentioned levels

 Close above 843  target 898

 

Intraday Traders can use the below mentioned levels

Buy above 838 Tgt..

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Nifty breaks 7563 approaching MML support,FII FnO Analysis

• FII's sold 51.8 K contract of Index Future worth 1087 cores ,13.9 K Long contract were squared off by FII's and 37.8 K  short contracts  were added by FII's. Net Open Interest increased  by 23.8 K contract, so today's fall in market was used by FII's to exit  long  and enter  shorts in Index futures  How to win Mental Game of Trading

Nifty broken 7563 level the high of May 16 when NDA won election break and 13 months of  gain got wiped off in 3 months,nifty can correct all the way till 7503 which

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How to win Mental Game of Trading

As per my experience in trading for 10+ years , the biggest obstacles for trader long term survival is

• Managing risk in trading
• Trading on your trusted and winning trading strategy

Even if you control your risk on every trade and have a trading strategy that is a winner in the long term you can still be tripped up by your own mind. Even while managing risk you will probably lose 10% t0 20% of your capital or even more in a draw down with a more aggressive system . This is just the reality of trading.
Even with a robust trading system or methodology that wins in the long term you have to sit through losing streaks of 10-20 trades at some point in your trading career.
What does it take to come back after you lose? Especially after you lose big, or after you lose over and over. Even under performing for a month or quarter can put pressure on a trader.

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RCOM,REC and Rel Infra Darvas Box Analysis

RCOM

Positional/Swing Traders can use the below mentioned levels

 Close above 60 target 63/68.

 

Intraday Traders can use the below mentioned levels

Buy above 58.3 Tgt..

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Bank Nifty Weekly Forecast

Last week we gave the Chopad level of 17220 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 16450 should be broken for further upmove and end of bearish trend and break of 15900 can push towards 15750/15389 odd levels.

Bank Nifty Pyrapoint Indicator

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Nifty saw Biggest Weekly correction in 4 years, Weekly Forecast

Last week we gave Chopad Levels  of 8026 , Nifty made high of 8043  giving entry to Chopad Follower  and achieved all 3 target on downside.  Lets analyze how to trade market in coming week.

Nifty Hourly  Chart

 Nifty hourly chart is in downtrend and till it do not close above 21/34 EMA use rallies to short.

Nifty Supply and Demand

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