Why Retail Traders "Buy Options" and Professional Trader "Write Options"

Regular readers of my site must be well aware of the fact, I always ask traders with small capital to stay away from Buying Options, During my trading course Typically 80% of traders have confessed , that they made there big loss when they have bought options.Now with increase in lot size of market Nifty and Bank Nifty many retail traders are considering to trade options.
Retail traders are always looking at buying options because technically you have chances of making unlimited profits with investments of small premiums, very

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Nifty take support near gann arc,FII FnO Data Analysis

• FII's bought 5.9 K contract of Index Future worth 334 cores ,2.3 K Long contract were added by FII's and 3.5 K  short contracts  were liquidated by FII's. Net Open Interest decreased  by 1.1 K contract, so today's fall in market was used by FII's to enter long and  exit shorts in  Index futures Joy of Giving

As discussed in last analysis Nifty needs to hold 8088 unable to do so we can correct all the way till 8041/8000 Nifty continued with its fall for fifth day, correction of 292 points, Nifty took support near the gann arc and swing points as shown

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Bank Nifty closed below demand zone, EOD Analysis

As discussed in last analysis Tomorrow 17103/17025 support zone should be watched as holding the same we can see relief rally till 17350.  Bank Nifty made low of 17170 and bounced back towards 17399 and closed@ 17354  just below the demand zone of 17368.  Bulls needs to close above 17368 for a move till 17600. Gunner still suggests bears are in control till we do not close above the gann trendline. If not bank nifty will move towards 17000 odd levels.



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Joy of Giving

In spite of the fun and laughter, 13 year old Frank Wilson was not happy. It was true, he had received all the presents he wanted, and he enjoyed the traditional Christmas Eve reunions with relatives for the purpose of exchanging gifts and good wishes..........but Frank was not happy because this was his first Christmas without his brother, Steve, who during the year, had been killed by a reckless driver. Frank missed his brother and the close companionship they had together.
He said good-bye to this relatives, and explained to his parents that he was leaving a little early to see a friend, and from there he could walk home. Since it was cold outside, Frank put on his new plaid jacket. It was his FAVORITE gift. He placed the other presents on his new sled, then headed out, hoping to find the patrol leader of his Boy Scout troop. Frank always felt understood by him.

Though rich in wisdom, his leader lived in

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Ajantha Pharma,ITC and Century Gann Swing Trading

ITC

Positional/Swing Traders can use the below mentioned levels

Close below 347 Tgt 340/335

 

Intraday Traders can use the below mentioned levels

Buy above 352 Tgt

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Nifty breaks gann trendline,FII FnO Data Analysis

Gann Analysis worked again as Nifty continues its correction, today was 4 days of correction, as nifty broke  8131 and corrected all the way to 8098 which was lower end of expiry range  and near our demand zone of 8088, Nifty needs to hold 8088 unable to do so

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Bank Nifty breaks gann arc,EOD Analysis

• As discussed in last analysis  If tomorrow bank nifty unable to sustain above 17368 we can see downmove till 17208/17103 and on upside 17445/17600. Bank Nifty continued with its correction and did low of 17178. Tomorrow 17103/17025 support zone should be watched as holding the same we can
  

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Why do 90% of traders lose money?

Traders trading without a trading plan and not having proper discipline are bound to loose in stock market, as they are unable to change the sides quickly end up being a loser. As per Stats only 5% traders are able to make money on "consistent" basis in the market in long run. So what makes trading so fascinating that only 5% traders are able to learn lets look into the reasons.
1.  They will never trade for living for initial 5 years of trading, They use this time to get acquainted with all kind of market situation understand the value of 3 M in trading . The need for steady money like a weekly paycheck will corrupt your thinking and force you to deviate from your plan of action that was so well thought out prior to the heat of the battle.
2. They will trade only with money they

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Bharat Forge,Reliance and Cipla MML Intraday plan

Bharat Forge

Intraday Traders can use the below mentioned levels

Buy above 881  Tgt

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Nifty Technical Structure for October Expiry

• FII's sold 114 K contract of Index Future worth 1281 cores ,125 K Long contract were liquidated by FII's and 10.2 K  short contracts  were liquidated by FII's. Net Open Interest decreased  by 135 K contract, so today's fall in market was used by FII's to exit  long and  exit majority shorts in  Index futures How to Build Confidence as a Trader

As discussed yesterday Nifty high at 8336 was exactly at gann angle drawn from the high of 9119, we have got sell off in past 2 occasion once nifty touched this angle as shown in below gann chart. Today close was near support zone break below it can see nifty going towards 8128/8150 range. Gann Analysis worked again as Nifty continues its correction, today was 3 days of correction, as

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Bank Nifty October Expiry Analysis

• As discussed in last analysis  Any close below the trendline bank nifty can move towards 17652 and 17434 support as shown in below chart. Nifty opened with gap down breaking the trendline and demand zone and continue falling through out the session and closed tad above 17368 new demand zone, if tommow bank nifty unable to sustain above 17368 we can see downmove till 17208/17103 and on upside 17445/17600. How to Build Confidence as a Trader
  

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How to Build Confidence as a Trader

Your level of confidence as a trader will have a huge positive impact on your success. The more confident you are the less time you will spend on second guessing your decisions. The more confident you are the more positive energy you will focus toward your desired outcome.
WHERE IT COMES FROM
Confidence is based on two things; what you do and who you are. When a trade stops for a loss your confidence becomes rattled. This is because confidence is based on what you do. When confidence is based on who you are and your ability as a trader, one who is prepared for all outcomes whether a loss or a profit, then you are consistent with yourself no matter what the result. You will feel confident because you took the loss as intended or because you closed with a profit. You will choose correctly in either scenario!
This is because confidence is based on you.

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DLF,Axis Bank and Hindalco Pyrapoint Analysis

DLF

 

Intraday Traders can use the below mentioned levels

Buy above 127.6 Tgt

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Nifty near demand zone,FII FnO Data Analysis

• FII's sold 4.7 K contract of Index Future worth 624 cores ,29.1 K Long contract were liquidated by FII's and 24.4 K  short contracts  were liquidated by FII's. Net Open Interest decreased  by 53.6 K contract, so today's fall in market was used by FII's to exit  long and  exit majority shorts in  Index futures Do you want to be The "Perfectionist" in trading ?

Nifty traded in lowest range in past many years, range was just 30 points as we have Lot sizes increase coming from November expiry so traders are using the low volatile and range bound move to liquidate positions. Nifty high at 8336 was exactly at gann angle drawn from the high

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Bank Nifty near support zone,EOD Analysis

• As discussed in last analysis Support comes @17732 and 17650. Resistance at 17950/18044. Bank Nifty opened gap down at 17738 near support zone and showed the bounce back. Bank nifty again closed above the rising  trendline which shows possiblity to move towards 17950/18044, Any close below the trendline bank nifty can move towards 17652 and 17434 support as shown in below chart. Do you want to be The "Perfectionist" in trading ?
  

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Do you want to be The "Perfectionist" in trading ?

Perfectionism may help some people succeed in many other careers. It is often the difference between success and failure.
We have all been brought up knowing that we must strive to be all that we can be, and to put everything into achieving our goals.
But perfectionism can be fatal in market timing (and all trading). Ironically, it leads neither to higher performance nor greater happiness. Anyone who approaches the financial markets with the intention of winning on every trade, or even on most trades, is in for a huge surprise.
Perfectionism can destroy your enjoyment of market timing. The perfectionist needs to be a winner in all or most of his or her trades. A losing trade may escalate to a panic-like state. It can even cause you to miss buy and sell signals out of fear of the results.

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IGL,UBL and JSW Energy Harmonic Analysis

IGL

Intraday Traders can use the below mentioned levels

Buy above 497 Tgt

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Nifty react for gann swing points,EOD Analysis

FII's bought 46.1 K contract of Index Future worth 1332 cores ,7.4K Long contract were liquidated by FII's and 53.6 K  short contracts  were liquidated by FII's. Net Open Interest decreased  by 61.1 K contract, so today's fall in market was used by FII's to exit  long and  exit majority shorts in  Index futures Disappointment in Trading

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Bank Nifty reach for gann swing points,EOD Analysis

• As discussed in last analysis   As Bank nifty is closing above gann line of resistance so it heading to gann swing point at 18044 and above that 18144, Support at 17850 below that  can move to 17652. Bank Nifty opened up at 18030 near gann swing levels unable to sustain over it  and corrected towards the rising trendline as shown in below chart,Support comes @17732 and 17650. Resistance at 17950/18044. How to develop yourself as Profitable trader
  

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Disappointment in Trading

Disappointment in trading, in it’s myriad of manifestations – missing out, leaving big money on the table, taking a loss, etc – is inevitable for even the best traders. It’s an elemental fact that traders who understand this, internalize it, and make it a part of their trading strategy are the most successful.
One of the most important part of our lives is dealing with disappointment, specially when we want to make a change. That is why some people are afraid of making changes in their lives. They keep on suffering from a bad condition and don’t want to make any changes,

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Biocon,Century and IBR Technical Analysis

Biocon

 

Intraday Traders can use the below mentioned levels

Buy above 451 Tgt

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Bank Nifty Weekly Analysis for October Expiry

Last week we gave the Chopad level of 17950 Bank  Nifty gave short entry made low of 17565 achieved 2 target on downside  Lets analyze how to trade market in coming week as we have October expiry.

Bank Nifty Hourly

 Bank Nifty hourly chart faced multiple resistance @17950, close above 17950 can see move towards 18084/18144 in short term, Support at 17850/17780.

Bank Nifty Channel

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Nifty Weekly Analysis for October Expiry

Last week we gave Chopad Levels  of 8250 ,  Nifty traded in sideways market in range of 8217-8294 in low volatile week  gave multiple entry to Chopad followers as Nifty  was unable to cross the 1 target of Chopad levels @ 8293 formed 3 tops near 8294 and also not a single day closed below the Chopad level of 8250, before the Big gap up on Friday Nifty has closed at 8251.  Lets analyze how to trade market in coming week as we have October F&O Expiry. Traders do remember Lot size revision will take place from November Expiry and Nifty Lot size is revised to 75, For more details please read this

Nifty Hourly Chart

This is what we discussed last week Nifty Hourly charts are shown above says closing above 8250 we can see quick move towards 8280/8320 and

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Nifty near gann arc,FII FnO Data Analysis

• FII's bought 62.3 K contract of Index Future worth 1850 cores ,36.2 K Long contract were added by FII's and 26 K  short contracts  were liquidated by FII's. Net Open Interest increased  by 10.1 K contract, so today's rise in market was used by FII's to enter long and  exit shorts in  Index futures How to develop yourself as Profitable trader

Nifty took support at gann line  but struggling to cross the green arc as shown below and above that the horizontal line at 8313/8321 range which is also point where harmonic ABCD pattern will get invalidated , The current rally from the low of 7539 is the biggest rally in percentage term as Nifty is up almost 9%

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Bank Nifty close shy of 17950,EOD Analysis

• As discussed in last analysis Bank Nifty took support @ the rising trendline as shown in below chart and closed above the demand area 17652. Friday we can see a breakout/breakdown move so trade cautiously.  Above 17850 Bank nifty can move towards 17950/ 18050/18144 and below 17650 back to 17434/17368 .  Bank Nifty open with gap made low of 17852 rallied till 17980 and closed at 17934. As Bank nifty is closing above gann line of resistance so it heading to gann swing point at 18044 and above that 18144, Support at 17850 below that  can move to 17652. How to develop yourself as Profitable trader
  

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How to develop yourself as Profitable trader

In order to start making progress, we need to deconstruct what it means to learn.
Throughout life you've probably believed that reading something and being able to explain what you read to another person is learning. That's more or less what traditional education has defined as learning, and when you're unable to do it you believe that you have failed. That's not learning; that's memorization.
And it might get you through school, but it won't get you through life and trading.
If I brought you to the swimming pool with me, you could watch me swim for hours, listen to my explanation of how to swim.

The minute we got in the water, it would be worthless. It's almost guaranteed that

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Rel Cap,Voltas and Auro Pharma Technical Analysis

Reliance Capital

Positional/Swing Traders can use the below mentioned levels

Close above 416  Tgt 431/450

 

Intraday Traders can use the below mentioned levels

Buy above 420 Tgt

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Nifty took support at gann line,ready for big move

• FII's bought 1.9 K contract of Index Future worth 149 cores ,481  Long contract were added by FII's and 1.4 K  short contracts  were liquidated by FII's. Net Open Interest decreased  by 1 K contract, so today's fall in market was used by FII's to enter long and  exit   shorts in  Index futures Stock market is the most wonderful place to make money

Nifty took support at gann line  but struggling to cross the green arc as shown below and above that the horizontal line at 8313/8321 range which is also point where harmonic ABCD pattern will get invalidated , The current rally from the low of 7539 is the biggest rally in percentage term as Nifty is up

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Stock market is the most wonderful place to make money

Stock market is "the most" wonderful place to make money "for the prepared".
And stock market is "the most hellish place" to loose money "for the unprepared".

What are you?

Are you prepared?
Prepared with a plan and applying yourself? The measure of your preparedness should reflect in your successes. If there is no success, then you have still not reached that "preparedness".
If you're you not prepared? 
Go away, spend good amount of time preparing yourself, while watching the market with detachment but only for study purposes while "saving money for the capital".

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Happy Dussehra:What we can learn from this Festival

A day of celebrations of good over evil.
We celebrate "Ram's victory over Ravan". And it happened thousands of years ago. And we continue to do celebrations and stopped at that. Only a handful have gone on to fight the good fight to overcome the evil within us. Others simply complain of the evil around us.

Nothing can manifest around you if it does not reside in you.

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Bank Nifty near trendline support,EOD Analysis

• Bank Nifty after forming multiple tops in range of 17940-17954  respecting our Weekly Chopad level of 17950 after giving breakout above 17850 failed to move above Friday high of 17947 and today closed below the breakout area of 17850 but bounced from trendline support. Bank Nifty took support @ the rising trendline as shown in below chart and closed above the demand area 17652. Friday we can see a breakout/breakdown move so trade cautiously.  Above 17850 Bank nifty can move towards 17950/ 18050/18144 and below 17650 back to 17434/17368 . Happy Saraswati/ Ayudha Puja
  

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Happy Saraswati/ Ayudha Puja

We have grown up being told Lakshmi (goddess of wealth) and Saraswati (goddess of knowledge) always fight and avoid staying in the same place. This is based on the observation that rich businessmen tend to be uneducated (both Bill Gates and Steve Jobs were college dropouts, we are repeatedly told) and educated people tend to be poor (the eternally groaning and abused middle class). This is also based on the assumption that Saraswati is the goddess of education, learning and training. This understanding of Saraswati is rather pedestrian, and lacks insight.

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PFC,HDFC Bank and Voltas Trendline Analysis

PFC

Positional/Swing Traders can use the below mentioned levels

Close below 245  Tgt  241/238

 

Intraday Traders can use the below mentioned levels

Buy above 246.5 Tgt..

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Nifty struggle near gann arc,FII FnO Data Analysis

• FII's sold 12.4 K contract of Index Future worth 31 cores ,2.6 K Long contract were liquidated by FII's and 9.8 K  short contracts  were added by FII's. Net Open Interest increased  by 7.1 K contract, so today's fall in market was used by FII's to exit long and  enter fresh shorts in  Index futures Trading is a mental game

Nifty finally closed above the gann line of resistance but struggling to cross the green arc as shown below and above that the horizontal line at 8313/8321 range which is also point where harmonic

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Bank Nifty close tad above breakout level,EOD Analysis

• Bank Nifty again today made high of 17940 forming multiple tops in range of 17940-17954  respecting our Weekly Chopad level of 17950 after giving breakout above 17850 failed to move above Friday high of 17947 made a high in opening at 17954 and came down, suggesting  no follow up move was seen. Today move can be seen as consolidation after big rise seen on Friday, It will be termed as failed breakout once it closed below 17827, (Close today was 17830), and the gann line as shown in the below chart. Above 17950 Bank nifty can move towards 18050/18144 and below 17800 back to 17652/17434 as shown in Supply demand chart .  Trading is a mental game
  

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Trading is a mental game

As a trader, you don’t have to be super smart, many Doctor Engineer and Scientist who were best in their field have failed in trading miserably and few of my students who have not even graduated have done wonders :). Whats the difference

The Successful traders can control their emotions and are mentally very very  strong. They know how to react and come out of   Uncomfortable situations and do not blame others for their losses.

Although having a tested and sophisticated trading system is very important, the difference between an amateur and a professional trader lies somewhere differently.The reasons for unnecessary and avoidable losses of amateur traders can often be attributed to the following 5 points:

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ACC,Bharti Airtel and IBR Gann Swing Point Analysis

ACC

 

Positional/Swing Traders can use the below mentioned levels

Close below 1364 ..

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Nifty close above the gann line,FII FnO data Analysis

• FII's sold 52.7 K contract of Index Future worth 831 cores ,27.5 K Long contract were liquidated by FII's and 25.5 K  short contracts  were added by FII's. Net Open Interest decreased  by 2.2  K contract, so today's rise in market was used by FII's to exit long and  enter fresh shorts in  Index futures To be Champion Trader Think Like them

Nifty finally closed above the gann line of resistance but struggling to cross the green arc at 8280 and above that the horizontal line at 8313/8321 range, The current rally from

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Bank Nifty retest breakout level,EOD Analysis

Bank Nifty after giving breakout above 17850 failed to move above Friday high of 17947 made a high in opening at 17954 and came down, suggesting  no follow up move was seen. Today move can be seen as consolidation after big rise seen on Friday, It will be termed as failed breakout once it closed below 17827, (low formed today was 17817 and bounced back), and the gann line as shown in the below chart. Above 17950

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To be Champion Trader Think Like them

I meet and learn from Champion Traders every day. Not just in trading rooms but in Champions of other fileds like Sports,Arts, Music etc. I’ve learned that to be a champion you must Think Like a Champion. Champions think differently than everyone else. They approach their life and work with a different mindset and belief system that separates them from the pack.

1. Champion Trader Expect to Win – When they walk on the court, on the field, into a meeting or in a trading room they expect to win. In fact they are surprised when they don’t win. They expect success and their positive beliefs often lead to positive actions and outcomes. They win in their mind first and rest comes by default.

2. Champion Trader Celebrate the Small Wins

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SKS Micro,Ultra Cement and Petronet Supply Demand Analysis

SKS Micro

Positional/Swing Traders can use the below mentioned levels

Close above 466 stock is heading to 472/490

 

Intraday Traders can use the below mentioned levels

Buy above 458 Tgt...

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Bank Nifty Weekly Analysis for 19-23 Oct

Last week we gave the Chopad level of 17580 Bank  Nifty gave short entry made low of 17434 which did not achieve the target of 17360 and gave long entry @17580 and did 2 target on upside made high of 17947 near 3 target of 18000 . Lets analyze how to trade market in coming week as we have trading holiday on 22 October on account of Dusheera.

Bank Nifty Hourly

 Bank Nifty hourly chart has shown Breakout

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Nifty forms Hanging Man Candlestick,Weekly Analysis

Last week we gave Chopad Levels  of 8156 ,  Nifty  gave entry to DISCIPLINED Chopad Followers on Short on Monday  and Long Entry on Friday  rewarded them with 140 points as Nifty did all 1 target on upside and 1 on downside with a low volatile week.  Lets analyze how to trade market in coming week as we have trading Holiday on Thursday on account of Dusherra.

Nifty Hourly Chart

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Nifty near Breakout,FII FnO Data Analysis

• FII's sold 52.7 K contract of Index Future worth 831 cores ,27.5 K Long contract were liquidated by FII's and 25.5 K  short contracts  were added by FII's. Net Open Interest decreased  by 2.2  K contract, so today's rise in market was used by FII's to exit long and  enter fresh shorts in  Index futures Motivational: Don't Lie to Yourself

As 8150 was broken  nifty moves towards  100 DMA

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Bank Nifty gives breakout,EOD Analysis

• As we have been discussing in past few analysis 17850 is breakout area for 18050/18144 and 17350 is breakdown area for 17177/17000, In between its pure consolidation mode.  As seen in below 2 charts which shows Breakout given by Bank nifty now we need to observe price actio near 18050 and 18144 for further clues about the current move.  Motivational: Don't Lie to Yourself
  

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Motivational: Don't Lie to Yourself

This is a story about realizing one's potential...and about what tends to hold us all back from realizing our potential.It was the spring of 1982 and I was coaching girls' track in a small southern Iowa town. There was a young discus thrower on the team, Jill, a sophomore who had tremendous potential.
At the end of our workout the Friday before the Monday district track meet, Jill came to me and asked if she could come to the school on Sunday after lunch for a little extra workout. I said, "Sure." We would meet at 1:00 and go through a 40-45 minute workout.
I knew why Jill wanted the extra fine tuning. The year before, as only a freshman, she had placed second in the discus at the district meet and narrowly missed going to the state meet in Des Moines.
This young lady had won every discus event, in every varsity meet as both a freshman and sophomore, except that district event the year before! And, her throws in competition had always been between 106' 1" and 110' 10". Very consistent. Very good for so young.
But, something began to bother me. Something that I didn't know how to fix until it hit me that sunny Sunday in 1982.
What bothered me was why this young athlete couldn't seem to get the discus two more inches to 111 feet? Only two more

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Wipro,Yes Bank and ZEE Swing Trading Analysis

Wipro

Positional/Swing Traders can use the below mentioned levels

Close above 576 stock is heading to 589/597

 

Intraday Traders can use the below mentioned levels

Buy above 581 Tgt..

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FII FnO Data Analysis for 16 Oct

• FII's sold 6.2 K contract of Index Future worth 104 cores ,8.1 K Long contract were added by FII's and 14.4 K  short contracts  were added by FII's. Net Open Interest increased  by 22.6  K contract, so today's rise in market was used by FII's to enter long and  enter fresh shorts in  Index futures The ‘formula’ for trading Success :Consistency

Nifty did not gave follow up move

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Bank Nifty again get resisted at gann line,EOD Analysis

• Bank Nifty Opened with gap up and tried to move above the resistance zone of 17750 where we have multiple top but again made a high of 17752 and fall back,As shown in gann box chart bank nifty was unable to move above 1x1 line and pyrapoint chart also unable to close above 180 degree angle, continuing with its consolidation mode .17850 is breakout area for 18050/18144 and 17350 is breakdown area for 17177/17000, In between its pure consolidation mode. The ‘formula’ for trading Success :Consistency
  

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The ‘formula’ for trading Success :Consistency

An Engineer has to clear till 12 Class, than Clear Pre Engineering entrance test Like IIT/PET. Get into a good college he needs to again clears 42 Exams in 4 years and finally, after probably years of training and education, he gets a Job and there again he need to take training to lead bigger projects.
Similarly, surgeons begin mastering their craft by first obtaining education / training and then they might practice on cadavers in the lab or shadow a mentor in a real lab setting, and then finally after years of practice they are ready to operate on a patient by themselves.
A professional trader will take a similar course (or at least they should); training and education, practice (demo trading) and then once they are ready,

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Nifty forms gravestone doji,FII FnO Data Analysis

• FII's sold 68  K contract of Index Future worth 872 cores ,45 K Long contract were squared off by FII's and 22.3 K  short contracts  were liquidated by FII's. Net Open Interest decreased  by 23.4  K contract, so today's fall in market was used by FII's to exit long and   enter fresh shorts in  Index futures Picking Tops and Bottoms: Is It for You?

Nifty formed gravestone doji pattern which might act

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Bank Nifty trades in small range, EOD Analysis for 15 Oct

• Bank Nifty continued in consolidation mode forming lower low lower highs, As shown in below Pyrapoint chart on Hourly time frame Bank nifty is in perfect consolidation mode. Bank Nifty has becomes proxy for IT index to manage the index, As IT heavyweight TCS and INfy have been going down on account of poor quarterly results, Bank Nifty has been used to manage index from falling, hence trading in small range .17850 is breakout area for 18050/18144 and 17350 is breakdown area for 17177/17000, In between its pure consolidation mode. Picking Tops and Bottoms: Is It for You?
  

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Picking Tops and Bottoms: Is It for You?

During my trading session when I talk to my students reasons for losing trades , I noticed a pattern that seems to pop up pretty often when talking about losing trades.

As it turns out, more and more traders are losing their trades and even getting their accounts blown up by trying to short at the “top” and going long at the “bottom.”

Take Gaurav, a young trader who called me after losing Big money in Going Long in Tata Motors after it lost 30% of its value from Highs around 600. He told me how he was so confident about going Long in Tata Motors because he thought that the correction would end at that major technical level and gave me 10's of reason that stock has made a bottom. He ended up losing almost half of his trading accounts as Tata Motors continued to slide and finally has to exit due to margin shortage.
Don’t get me wrong, I certainly understand the appeal of trying to

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NCC,IRB and Rel Infra MML Analysis

NCC

Positional/Swing Traders can use the below mentioned levels

Close  above 81.5 Tgt 84/87.

 

Intraday Traders can use the below mentioned levels

Buy above 82 Tgt..

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Nifty forms DOJI pattern,FII FnO Data Analysis for 14 Oct

• FII's sold 18.2 K contract of Index Future worth 386 cores ,24 K Long contract were squared off by FII's and 5.8 K  short contracts  were liquidated by FII's. Net Open Interest decreased  by 29.8  K contract, so today's fall in market was used by FII's to exit long and   exit shorts in  Index futures How To NOT Blow Up Your Trading Account

Nifty after yesterday outside bar pattern

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Bank Nifty ready for Big move,EOD Analysis for 14 Oct

• Bank Nifty October Future Open Interest Volume is at 22.1  lakh with liquidation of 0.25  Lakh with increase in CoC suggesting short  position were closed today. Rollover cost @17334, and bank nifty closed above it but near rollover price.
  

18000  CE  OI at 5.8  lakh with liquidation of 0.05  lakh suggesting , wall of resistance @ 18000 .17500 CE liquidated 0.05 lakh so bears did not add


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How To NOT Blow Up Your Trading Account

New traders come to trading excited about learning, and looking for making big money in on small capital.

There is rule of 90,90,90 in trading which means "90% traders Blow of 90% of trading capital in 90 trading days".

The majority of new traders can make big mistakes that take their accounts to zero during their learning curve. So How to aviod being part of 90,90,90.


Biggest reason for Account Wipe out, Trading too large a position size

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SAIL,CESC and Auro Pharma Harmonic Pattern Analysis

SAIL

Positional/Swing Traders can use the below mentioned levels

Close  below 55 Tgt 53/50

 

Intraday Traders can use the below mentioned levels

Buy above 56.6 Tgt 

 

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Nifty forms outside bar pattern,FII FnO Data Analysis

• FII's bought 35 K contract of Index Future worth 742 cores ,29.7 K Long contract were added by FII's and 5.2 K  short contracts  were liquidated by FII's. Net Open Interest increased  by 24.5  K contract, so today's fall in market was used by FII's to enter  long and   exit shorts in  Index futures Different Kind of Traders,Which one are you ?

Nifty again opened gap up touched its 100 DMA and again came down to fill gap and unable to close above 100 DMA and gann box resistance as shown is below chart.

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Bank Nifty gets resisted at gann angle,EOD Analysis for 13 Oct

As disused  in Yesterday Analysis  , As shown in below 2 charts Bank nifty was unable to close above 180 degree angle of gann and also 45 degree line of gann box suggesting both bulls and bears are in dilemma and mystery will get resolved early next week.  Mystery continues as shown in updated chart, Bank Nifty again took resistance at 180 dgree line and 45 degree gann angle..




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Different Kind of Traders,Which one are you ?

Subjective: Based on or influenced by personal feelings, tastes, or opinions.Proceeding from or taking place in a person’s mind rather than the external world.
Subjective traders they are intertwined with their trades.Their signals are generally entering out of greed and exiting based on their own internal fear. The believe in their opinions more than the actually price action. They base trades off of whether they are feeling good or bad about a particular trade. A subjective trade comes out of the imagination of the trader, from their own beliefs, opinions, and what “should” happen in their view. Many

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CESC,Ambuja Cement and BPCL Trendline Analysis

CESC

Positional/Swing Traders can use the below mentioned levels

Close  below 576 Tgt 555

 

Intraday Traders can use the below mentioned levels

Buy above 584 Tgt

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Bank Nifty Weekly Forecast for 12-16 Oct

Last week we gave the Chopad level of 17220 Bank  Nifty open with Huge gap up above 17220 for Chopad Followers and did not give trading opportunity but as we discussed Bank nifty was ready for big move and Bank nifty was up 600 points during the week . Lets analyze how to trade market in coming week.

Bank Nifty Hourly

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Nifty Weekly Forecast for 12-16 Oct

Last week we gave Chopad Levels  of 8000 ,  Nifty Opened at 8005 gave entry to DISCIPLINED Chopad Followers and rewarded them with 188 points as Nifty did all 3 target on upside.  Lets analyze how to trade market in coming week as we have result season starting with Infosys results.

Nifty Hourly  EW  Chart

Nifty Hourly charts are shown above says

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FII FnO Data Analysis for 12 Oct

• FII's bought 24.7 K contract of Index Future worth 437 cores ,12.9 K Long contract were added by FII's and 11.8 K  short contracts  were liquidated by FII's. Net Open Interest increased  by 1  K contract, so today's rise in market was used by FII's to enter  long and   exit shorts in  Index futures With Self-confidence,you can Become Successful Trader

Nifty again opened gap up touched its 100 DMA and again came down to fill gap and unable to close above 100 DMA and gann box resistance

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How to trade Descending Triangle Chart Pattern and False Triangle Breakout

In Continuation with Last week article of Trading Stocks with Symmetrical Triangle’s Chart Pattern  and How to trade Ascending Triangle Chart Pattern lets discuss another  triangle pattern

• Descending Triangle Pattern

Descending Triangle: This pattern comprises of 2 trendline, one drawn horizontally to mark the support, second trendline is downward sloping trendline formed by joining the lower highs. This pattern is classifies as . Volumes generally diminish during the formation of the pattern and when breakdown/breakout occurs volume expansion occurs for pattern confirmation.

Descending Triangle chart pattern should contain at least 2 or more similar low not exactly equal but in proximity to form the lower horizontal trendline. To form the downward slopping trendline at least two lower highs are required. We would set an entry order below the support line and buy order above the slope of the lower high..


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Bank Nifty fails to close above gann resistance, EOD Analysis for 12 Oct

• As disused  in Yesterday Analysis    Weekly closing tomorrow Bulls will try to close above 17589 and bears below 17334,Bank Nifty closed at 17590 just, keeping hope alives for Bulls, As shown in below 2 charts Bank nifty was unable to close above 180 degree angle of gann and also 45 degree line of gann box suggesting both bulls and bears are in dilemma and mystery will get resolved early next week. With Self-confidence,you can Become Successful Trader
  

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With Self-confidence,you can Become Successful Trader

Look at the history of successful people.
There are many who have succeeded in life, without education, money and why, even arms or legs! There are such achievers; but no person has succeeded without self-confidence.
In Olympics, why do only a few countries win gold medals repeatedly? Many reasons can be given for this-availability of training facilities, professional coaching, basic infrastructure... but there is one very important reason. This is known as sports psychology. The Russians discovered it, but it has been well understood and developed by the Americans.
Sports psychology indicates that heightened physical activity is not sufficient to win any competition; but mental toughness is also required. That is to say, when an athlete is participating in a race, even if he thinks just for a moment that he might lose, it is enough to make him lose. He would not be able to perform with his full strength in the race after such a thought has entered his mind. So, not only while participating, but also while practicing, he must tell himself repeatedly with a strong belief- 'I am going to win!'
Go on playing the mental video of you winning and position yourself powerfully. This is known as 'Mental Rehearsal'.


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KSCL,Tata Motors and Ultra Cement Gann Forecast

KSCL

 

Positional/Swing Traders can use the below mentioned levels

Unable to close  above 466 Tgt 450/432

 

Intraday Traders can use the below mentioned levels

Buy above 468 Tgt..

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Nifty unable to cross gann 90 degree angle,FII FnO Data Analysis

• FII's bought 30.7 K contract of Index Future worth 576 cores ,22.2 K Long contract were added by FII's and 8.4 K  short contracts  were liquidated by FII's. Net Open Interest increased  by 13.8  K contract, so today's fall in market was used by FII's to enter  long and   exit shorts in  Index futures Worst enemy of trader?

Nifty reacted from gann 90 degree angle,opened near that and saw a slow and range bound move during the course of the day. We have support at

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