Nifty Technical Analysis before RBI Policy

• FII's bought 12.4 K contract of Index Future worth 756 cores ,7.5 K Long contract were added by FII's and 4.9 K  short contracts  were liquidated by FII's. Net Open Interest increased  by 2.6 K contract, so today's rise/fall  in market was used by FII's to enter long and  exit shorts in  Index futures. What's Your Trading Brain Type?
  

Nifty formed DOJI pattern after

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Bank Nifty entering RBI Event with Bullish bias,EOD Analysis

• Bank Nifty continued to move up but unable to close above 17466 where demand zone lies. We have RBI policy tomorrow,Bank Nifty will be volatile and trending move will generally come after 12:30 and 1 PM.  Bank Nifty if it starts trading above 17466 the next crucial zone of resistance lies in range of 17620-17670 where we have a supply zone, 2 Harmonic pattern targets as shown in below 2 targets, so be extra cautious in the range of 17640-17670. Support at 17262/17170 range.  What's Your Trading Brain Type?

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What's Your Trading Brain Type?

There are five general brain types  Among traders
People with Compulsive Brains tend to get stuck in a particular thought about the market. “It’s too high.” “It’s too manipulated.” “It’s too risky.” It’s too…” whatever. People with Compulsive Brains tend to operate entirely on their own terms and are generally not open to feedback or other options.  
People with Impulsive Brains are the exact opposite. They are unpredictable and lack impulse control in trading and in daily life. Without much discipline, they trade in many instruments and end up being a LOSER.
People with Anxious Brains jumps too

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Ashok Leyland,SBIN and ITC Harmonic Analysis

Ashok Leyland

Positional/Swing Traders can use the below mentioned levels

Close above 98 Target 102/110

 

Intraday Traders can use the below mentioned levels

Buy above 98 Tgt..

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Bank Nifty Weekly Technical Forecast

Last week we gave the Chopad level of 17050 Bank Nifty gave long short on Monday opening and achieved 1 target on downside and Gave Long Entry on Friday and did 2 target on upside on the same day,Lets analyze how to trade Bank Nifty in coming week.

Bank Nifty Hourly

Bank Nifty has been trading in the pyrapoint box from past many session as show in above box, Bank Nifty is approaching the higher end, Will it be able to break this time above 90 degree angle or continue to trade in range.

Bank Nifty Harmonic

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Nifty Weekly Analysis for RBI Policy Week

Last week we gave Chopad Levels  of 7896 , Nifty was volatile last week trading above and below the Chopad levels, Shorts Intitated during first half of week did 1 Target, Longs were rewarded with  first target on Friday. Lets analyze how to trade market in coming week where we have RBI policy,GDP Data and Monthly closing.

Nifty Hourly Chart

Trading in range of 7937-7800, close above 7950 can see in moving towards the supply zone of 8056/8116 in coming week, Support at 7825/7752.

Nifty Harmonic

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Option Writing – Unlimited risk and Limited profit potential

In Continuation with Previous Article Mistakes to avoid when writing/shorting Options

Option Writing – Unlimited risk and Limited profit potential

An option buyer has limited risk and unlimited profit potential, so if 1 lot of 8000 Nifty call was bought at Rs 130, the maximum loss on this trade is the Rs 9750 (Rs 130 x 75), and if Nifty went to 8300 the call would make a profit of Rs 22,500 (300*75).
An option writer has unlimited risk and limited profit potential.
When you write an option, say 1 lot of 8000 CE

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Nifty entering crucial supply zone,EOD Analysis

• FII's bought 5.4 K contract of Index Future worth 301 cores ,4 K Long contract were added by FII's and 5.4 K  short contracts  were added by FII's. Net Open Interest increased  by 20 K contract, so today's rise in market was used by FII's to enter both long and  shorts in  Index futures. How following NEWS can Bust your Trading Account
  

As we have been discussing Now 7885 should be watched going above it can see move towards 7937/7995 . Nifty moves above 7885 crossed 7937 and rallied even though many traders panicked on fall in china stock market. Follow levels with

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Bank Nifty shows range expansion,EOD Analysis

• As we have been discussing in past few session big move is round the corner as prices are contracting in the triangle.Bank Nifty obliged by giving big move as soon it started trading above 17170 and showed range expansion on upside,closed above gann trendline and now heading towards the crucial supply zoen of 17466 where we also have trendline resistance Support remains at 17170 and below that 16980. How Professional Traders Learn From Their Trading Mistakes

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DRL,Tata Comm and HDFC ABCD Harmonic Analysis

DR Reddy

Positional/Swing Traders can use the below mentioned levels

Holding 3050  Target 3161/3211

 

Intraday Traders can use the below mentioned levels

Buy above 3130 Tgt

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Nifty December Series Outlook

• Nifty continued with small range play stuck between 2 EMA's   as shown in 2 chart suggesting big trending move is round the corner, Now 7885 should be watched going above it can see move towards 7937/7995 . On Downside break of 7825 again will revisit 7765/7714.Bank Nifty December Series Outlook

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Bank Nifty December Series Outlook

• Bank Nifty continued with its consolidation trading below gann trendline and signal line suggesting a big move is round the corner as prices are contracting in the triangle. Support remains at 16900 and below that 16830. Resistance at 17170 and than 17280/17466.  How Professional Traders Learn From Their Trading Mistakes

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How Professional Traders Learn From Their Trading Mistakes

Most of us want to be as perfect as we can. We do not want to experience failure or setbacks or roadblocks.  In fact, most of us have been raised that failure, in any case and at any time, is ‘bad’ and success is ‘good’.
So if that is the case, then thinking in a very simplistic and logical manner, one would say that you avoid failure and welcome success. You do everything you can to avoid failure.
Even if it means NOT TRYING.
I laughed the first time I listened to Napoleon Hill’s Seminar, “Your Right to be Rich”. He asks the energetic audience to tell him how many times they think it is that someone will try something before he/she gives up.  After he asks the question you can hear people in the room throwing out various answers, and the most audible one is a person who says, “Once.”
Hill retorts with, “Once?  Once?  Aren’t you thinking you are being a bit generous?  Once?” He asks the audience if they’ve ever heard of the man who can’t do a thing because he doesn’t think he can do it.  He finishes by saying most people DON’T EVEN TRY ONCE!!
They think about it, realize

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Harmonic Reversal Pattern: Sun and Wock Pharma

Sun Pharma

 

Sun Pharma is showing its Potential Reversal Zone as per Butterfly pattern in range of 692-699. If this range hold stock can bounce back to 745/754 range in short term.

Positional Traders can long in range of

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Maruti,Axis Bank and SKS Micro Intraday Trading Plan

Maruti

Intraday Traders can use the below mentioned levels

Buy above 4662 Tgt

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Thought Process of Losing trader

1. Losing traders think that because they reviewed price performance history, and saw patterns or results, trading in real time would be simple . They don’t understand that real time trading involves risk management, discipline, and a developed trading plan and probably never will.
2. Losing traders believe that what they learned in textbooks will make them great traders. They are used to being able to supply the ‘right’ answer for a good grade, but the markets are a moving target, and the right answer changes daily.
3. A Losing trader do not believe on

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Nifty November Expiry Analysis

• FII's sold 2.4 K contract of Index Future worth 141 cores ,17.2 K Long contract were added by FII's and 19.6 K  short contracts  were added by FII's. Net Open Interest increased  by 36.8 K contract, so today's fall in market was used by FII's to enter both long and  shorts in  Index futures. Are you Trading on Skills or Luck
  

Nifty continued with small range

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Bank Nifty November Expiry Analysis

• Bank Nifty continued with its consolidation trading below gann trendline and signal line suggesting a big move is round the corner as prices are contracting in the triangle. Support remains at 16862 and below that 16587. Resistance at 17170 and than 17280.  Are you Trading on Skills or Luck

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Are you Trading on Skills or Luck

Some describe trading as purely based on "LUCK" , "Tukka marna" as we call it in Hindi, but from my perceptive trading is all about "Skills" . Skills take time to develop. Take an Example of Engineer, To get an Engineering degree a student has to study for 6 years ( 2 Years for entrance preparation and 4 Years as formal engineering degree). Doctor has to study much more. So Skills take some time to develop.
You see, trading is one of the toughest pursuits out there. Something that will test every ounce of spirit you have- only to make you dig deeper. Something that requires you to develop yourself to a



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What Will happen once US Fed Hikes Rates ?

Seven years after the Fed unleashed ZIRP and QE to "fix the economy", it has finally admitted that ZIRP and QE failed to do that (although they certainly succeeded in blowing the biggest asset bubble ever), and for the past 6 months the Fed has engaged in what may be the most ridiculous case of revisionist history, as the narrative has been flipped on its head, and now the all too wise career economists of the Fed (with the help of a few good ex-Goldman bankers) are pitching the first rate hike in nearly a decade as the solution to all the economy's problems.
For now the equity market has played along with this grotesque flip-flop in monetary policy, first by rising two months ago on terrible job numbers which made the December rate hike less realistic, and then rising some more in the aftermath of the October "hawkish" Fed announcement and minutes, which in no uncertain terms warned a December rate hike

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Nifty ready for Big move,FII FnO Data Analysis

• FII's bought 6.6 K contract of Index Future worth 403 cores ,38.9 K Long contract were added by FII's and 32.2 K  short contracts  were added by FII's. Net Open Interest increased  by 71.1 K contract, so today's fall in market was used by FII's to enter both long and  shorts in  Index futures. How following NEWS can Bust your Trading Account
  

Nifty formed inside day

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Bank Nifty ready for big move,EOD Analysis

• Bank Nifty continued with its consolidation trading below gann trendline and signal line suggesting a big move is round the corner as prices are contracting in the triangle. Support remains at 16862 and below that 16587. Resistance at 17170 and than 17280.  How following NEWS can Bust your Trading Account

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How following NEWS can Bust your Trading Account

In Continuation with Previous Article Are you a "News" Based Trader or Price action Based ?
With the Drama over Fed Rate Hike coming in next few days most of Traders will become obsessed with news events. They get sucked into a ‘black hole’ of staring at economic news calendars from their broker or elsewhere and trying to ‘figure out’ what might happen as a result of them, this is a horrible place to be mentally and it’s very bad for your trading.

Once you convince yourself that XYZ is ‘going to happen’ based on a certain upcoming news announcement, you have set yourself up for the destruction of your trading account. All logic and objectivity goes out the window when you think you know ‘for sure’ what the market is going to do at some point in the future.

The main key to trading success, is remembering that

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STAR,LT and Bata India Darvas Box Analysis

STAR

 

Intraday Traders can use the below mentioned levels

Buy above 1370 Tgt..

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Bank Nifty Weekly Analysis for November Expiry

Last week we gave the Chopad level of 16840 Bank Nifty gave long entry on Monday opening and achieved 3 target on upside on the same day,Lets analyze how to trade market in coming week.

Bank Nifty Hourly

Bank Nifty trading in contracting triangle with range bound moves suggesting big move is round the corner. Break above 17300 can see move towards 17500/17600. Break below 16800 can see another move towards 16500.

Bank Nifty Harmonic

As discussed last week Bank Nifty made low of 16587 and bounced back, till 16587 not broken its buy on dips.
If 16986 not broken

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Nifty Weekly Analysis for November Expiry

Last week we gave Chopad Levels  of 7820 , Nifty was volatile last week trading above and below the Chopad levels, Long Intitated during first half of week were stopped out, Short were rewarded but did not touch the first target and bounded back and Long at fag end of week were also rewarded with 1 Tgt on upside done. Lets analyze how to trade market in coming Expiry week.

Nifty Hourly Chart

As we discussed last week Strong support in range of 7700/7681 holding the same bounce back can be expected.
Nifty did low of 7724 and bounced back

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Mistakes to avoid when writing/shorting Options

In Continuation with Previous Post  Todays post we will discuss Mistakes to avoid when writing/shorting Options
Introduction Options Shorting/Writing
Why Retail Traders "Buy Options" and Professional Trader "Write Options"

• Trading way above your Limit 

Over-positioning is the biggest mistake new option sellers make.
This is how it works: New traders sell a few options, see them decay and get excited thinking they have found the Holy Grail of making "sure shot money". Going by Intital Beginners Luck Traders proceed  selling far too many options relative to their account size and end up with either too many options for their account.This puts the whole trading account at greater risk of taking losses. Option selling works but you have to understand and respect the leverage. Remember you are supposed to be right most of the time in premium selling but at some point you will take a loss and you can’t let that loss wipe you out.
Option selling can sometimes

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Bank Nifty again got sold off from gann trendline,EOD Analysis

As discussed in Last analysis 17170 is the first level of resistance after that 17293 and than we can see quick move towards 17466. Support at 16862 and below that fast move towards 16600. Bank Nifty moved above 17170 did a quick move till 17262 gann singal line and trendline showed their effect and last 1 hour saw a decline of 300 points in 1 hour, as we have been discussing till Bank Nifty does not close above gann trendline

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Motivational Story of Charlie Munger

Charles Thomas Munger (born January 1, 1924) is an American businessman, lawyer, investor, and philanthropist. He is vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett; in this capacity, Buffett describes Charlie Munger as "my partner." Munger served as chairman of Wesco Financial Corporation from 1984 through 2011 (Wesco was approximately 80%-owned by Berkshire-Hathaway during that time). He is also the chairman of the Daily Journal Corporation, based in Los Angles.
At 31 years old, Charlie Munger was divorced, broke, and burying his 9 year old son, who had died from cancer. By the time he was 69 years old, he had become one of the richest 400 people in the world, been married to his second wife for 35+ years, had eight wonderful children, countless grandchildren, and become one of the most respected business thinkers in history. He eventually achieved his dream of having a lot of money, a house full of books, and a huge family. But that doesn’t mean he didn’t face unbelievable challenges and tragedies.
Lets read the Motivational Story of Charlie Munger and How it can help you in achiving Bigger Goals in Life and Trading.


In 1949, Charlie Munger was 25 years old. He was hired

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Grasim,Jubilant and Hind Petro Gann Swing Trading

Grasim

Positional/Swing Traders can use the below mentioned levels

Close above 3680 Tgt 3804

 

Intraday Traders can use the below mentioned levels

Buy above 3680 Tgt

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Nifty continue to struggle between gann angles,EOD Analysis

• FII's bought 658 contract of Index Future worth 23 cores ,227 Long contract were squared off  by FII's and 935  short contracts  were squared off by FII's. Net Open Interest decreased  by 1.2 K contract, so today's rise  in market was used by FII's to exit both long and  shorts in  Index futures. The importance of failure in succeeding at trading
  

As discussed in last analysis  Nifty was unable to break yesterday high and 90 degree angle bears use this as opputunity to break on downside and nifty fall down to touch 135 degree angel and also gann arc, closing below this can see nifty moving towards 7630/7539. Holding the green arc another move towards 7820/7885. Nifty opened with gap up after holding the 135

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Bank Nifty bounces from Demand zone,EOD Analysis

• As discussed in Last analysis Bank Nifty was unable to close above the signal line and gann trendline and effect showed up today closing near the green gann arc, holding the same we can rally back to 17000/17170 but unable to close above it can see bank nifty falling towards 16587 as shown by supply and demand chart. Bank Nifty showed the power of gann arc did a gap up and bounced but still we are not out of woods till we do not close above gann trendline and gann signal line...

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The importance of failure in succeeding at trading

Different shapes and forms.
Failure comes in all different shapes and forms.  The distance you fall after a failure,  time it took to get to the failure,and whether you get back up determines that shape and form.   I realize there are a million posts on why failure is important but success is important, especially in trading.
Failure is different in trading.
Failure/losing in trading is not the same as fail

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ACC,Sun TV and Century Supply and Demand Analysis

ACC

Positional/Swing Traders can use the below mentioned levels

Close above 1343 Tgt 1373

 

Intraday Traders can use the below mentioned levels

Buy above 1343 Tgt

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Nifty again took support at gann arc, Will it hold ?

• FII's bought 2.8 K contract of Index Future worth 139 cores ,7.7 K Long contract were added by FII's and 4.9 K  short contracts  were added by FII's. Net Open Interest increased  by 12.7 K contract, so today's fall in market was used by FII's to enter long and add shorts in  Index futures. Are you a "News" Based Trader or Price action Based ?
  

As discussed in last analysis Pyrapoint suggests Nifty is stuck between 90 and 135 degree angle, break of same should see fast move, Break of 7885 can see move towards 7935/7980 and break below 7714 can see nifty breaking 7539. Nifty was unable to break yesterday high and 90 degree angle bears use this as opputunity to break on downside and nifty fall down to

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Bank Nifty reacts from gann trendline,EOD Analysis

• As discussed in Last analysis Bulls needs to close nifty above 17293 which is signal line, else the rally will get sold into once again.  Bank Nifty needs to close above the signal line for a move towards 17466 else heading back towards 16862/16600 levels. Bank Nifty was unable to close above the signal line and gann trendline and effect showed up today closing near the green gann arc, holding the same we can rally back to 17000/17170 but unable to close above it can see bank nifty falling towards 16587 as shown by supply and demand chart. Are you a "News" Based Trader or Price action Based ?

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Are you a "News" Based Trader or Price action Based ?

Many traders are always running behind news to understand the future course of action in market. With all the recent news surrounding Bihar Election and various  economic reports and other market-moving news events that happen each day, it can seem overwhelming to try and keep up with them all. What’s a trader to do?

Simple and extremely effective; I ignore all of it. I tune it all out and it’s the most freeing and stress-free way you can possibly trade, not to mention it’s much better for your trading results and might even be the key to saving your trading capital

Have you ever noticed that a Stock Market  will often move the opposite direction of what you thought after a particular economic news report comes out? Just to give few examples
Bihar Election was

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DHFL,Canara Bank and STRFIN Harmonic Pattern Analysis

DHFL

Positional/Swing Traders can use the below mentioned levels

Close above 220 Tgt 225/228

 

Intraday Traders can use the below mentioned levels

Buy above 216.5 Tgt

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Nifty stuck between 2 angles, FII FnO Data Analysis

• FII's sold 2 K contract of Index Future worth 138 cores ,2 K Long contract were liquidated by FII's and just 5  short contracts  were added by FII's. Net Open Interest decreased  by 2 K contract, so today's rise  in market was used by FII's to exit long and add just 5 shorts in  Index futures
  

Nifty continued with its relief rally and closed above 7820, Closing above 7820 will see nifty moving towards 7885/7937 odd levels. Support at 7771/7714 range below that new low probability will increase. Pyrapoint suggests Nifty is stuck between

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Bank Nifty unable to close above gann signal line,EOD Analysis

• As discussed in Last analysis Bulls needs to close nifty above 17293 which is signal line, else the rally will get sold into once again.  Bank Nifty opened with gap up at signal line and unable to sustain above signal line and also gann trendline and fall down towards 17000 before showing recovery. Bank Nifty needs to close above the signal line for a move towards 17466 else heading back towards 16862/16600 levels. Job description of a Trader

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Job description of a Trader

Biggest misconception of Retail Trader I found during my trading session

I am a trader so I should trade.

Well, this is the biggest mistake a trader can make. The trader's job is not to trade but trade right based on trading strategies he has mastered on during the course of time. Trading is a business. A business of making few good trades in a month. In order to achieve this - trader needs to do his job well.  Lets discuss few traits a traders needs to achieve else will be thrown out of the market.

• Be Disciplined

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LT,Lupin and Mindtree Pyrapoint Analysis

Larsen

Positional/Swing Traders can use the below mentioned levels

Close above 1364 Tgt 1453

 

Intraday Traders can use the below mentioned levels

Buy above 1372 Tgt

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Nifty bounces from gann arc,FII FnO Data Analysis

• FII's sold 10.9 K contract of Index Future worth 645 cores ,5.2 K Long contract were liquidated by FII's and 5.6 K  short contracts  were added by FII's. Net Open Interest increased  by 0.03 K contract, so today's rise  in market was used by FII's to exit long and add shorts in  Index futures  Maintaining Trading Discipline; Easier Said Than Done
  

As discussed in  Last analysis , Nifty has corrected 606 points in 14 trading session.Such big falls are also accustomed by fast and furious short covering rallies

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Bank Nifty near gann line,EOD Analysis

• As discussed in Last analysis Bank Nifty took support at gann arc Now Bulls need a close above 17143/17170 for a quick move towards 17300/17470 where gann resistance line is present as shown in chart. Bank Nifty worked on similar line bulls were able to capitalized on the gann arc support and supply from bears started coming from the the gann resistance line as shown in the below chart. Bulls needs to close nifty above 17293 which is signal line, else the rally will get sold into once again. Maintaining Trading Discipline; Easier Said Than Done

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Maintaining Trading Discipline; Easier Said Than Done

The most important trait of winning trader is "DISCIPLINE"
Sounds simple. And everyone should find this sentence easy to agree with.
Basically, it just means following a specific trading strategy and not deviating from it. But people differ in terms of their ability to maintain self-control and discipline.

Discipline vs. Emotions

It is easy to maintain discipline with a trading strategy when that strategy is having a profitable run. But "all" strategies have times when they are not profitable. Whether for days, weeks or even months. This is a fact of trading the markets and accepted by profitable market timers as the price of "doing business."
However, when a strategy is going through an unprofitable period, maintaining discipline is something else again. A trader, seeing losses , tries to find a reason why exiting the strategy is a good idea. Anything to take away the pain.

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Axis Bank,STAR and Tata Steel Darvas Box Analysis

Axis Bank

Positional/Swing Traders can use the below mentioned levels

Close above 495 Tgt 521

 

Intraday Traders can use the below mentioned levels

Buy above 482 Tgt

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Bank Nifty Weekly Forecast for 16-20 Nov

Last week we gave the Chopad level of 16650 Bank  Nifty gave long entry on Monday opening and achieved 2 target on upside, and was unable to close below chopad level of 16650 on single trading session.  Lets analyze how to trade market in coming week.

Bank Nifty Hourly

Bank Nifty trading below 21/34 EMA , demand zone in range of 16750/16800 below that fast fall towards 16500/16250.

Bank Nifty Channel

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Nifty Weekly Forecast for 16-20 Nov

Last week we gave Chopad Levels  of 7820 , Nifty gave long entry on Monday opening and rewarded the Chopad followers by doing 2 target on upside.Also gave  shorting opputunity and rewarded traders with 1 Tgt on downside. Our Prayers for the families who have suffered from the Paris attack.Lets analyze how to trade market in coming week.

Nifty Hourly Chart

As we discussed last week Nifty hourly chart continues to trade below the 21/34ema line, support is now at 7819/7767 range,till close is not above 21/34 ema its sell on rise market.
Nifty touched 34 ema on monday was unable to close above it and continued with its correction.Strong support in range of 7700/7681 holding the same bounce back can be expected.

Nifty Harmonic

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Nifty takes support near gann arc,FII FnO Data Analysis

• FII's sold 21.9 K contract of Index Future worth 1249 cores ,10.3 K Long contract were liquidated by FII's and 11.9 K  short contracts  were added by FII's. Net Open Interest increased  by 1.6 K contract, so today's fall  in market was used by FII's to exit long and add shorts in  Index futures  Do you want to be a trader ?
  

As discussed in  Last analysis , Nifty has formed double bottom, which got invalidated on Friday as the nify broke 7772 and continue with its correction, Nifty has corrected 606 points in 14 trading session.Such big falls are also accustomed by fast and furious

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Bank Nifty bounces again from gann arc,EOD Analysis

• As discussed in Weekly analysis  16622 is where Shark Harmonic pattern is complete and 16648 was demand zone, Low made 16587 on Monday and 16805 on Tuesday and 16741 on Thursday than bank nifty was in recovery mode, Till low of 16587 Bank Nifty remains in buy on dips mode.  Now Bulls need a close above 17143/17170 for a quick move towards 17300/17470 where gann resistance line is present as shown in chart.Downside support at gann arc near 16772 and 16652  Do you want to be a trader ?

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Do you want to be a trader ?

A story will explain you the answer better.
One day a teen boy was watching football on the TV.  He got very excited about the game and wanted to learn it.
One day while walking down the street from school to his home, he saw a football training in process. He went to the coach and asked if the coach would teach him.
"Sir,  will you teach me the game? "said the boy.
" Why do you wanna play the game? " asked the coach.
" I love this game,  and I want to be like Ronaldo. " replied the boy eagerly.
" Come meet me on the beach tomorrow morning. "
" But why? "

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Can Traders make money in Stock market?

Amateur retail traders tend to think that the professional trader or Institutional investor have some sort of secret knowledge/system that enables them to make huge profit in trading. However, the difference between a retail traders trying to make consistent profit  and a professional traders zeros down to the trading mindset and trading psychology.The difference between success and failure for a trader is wafer thin, Lets elaborate with an example
Let us give you an example of what we mean. A relatively new retail trader is given a profitable trading system having a trading  strategy with proper stop loss and target and the trading system  delivers an average success rate of 60%. The retail trader is exited that he  has finally found something that will ensure his success. Over the course of 10 potential trades using the trading system

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CESC,Wockhart and KSCL Harmonic Analysis

CESC

Positional/Swing Traders can use the below mentioned levels

Close below 521 Tgt 504

 

Intraday Traders can use the below mentioned levels

Buy above 529 Tgt

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Nifty forms double bottom,FII FnO Data Analysis

• FII's sold 18.4 K contract of Index Future worth 1080 cores ,12.2 K Long contract were liquidated by FII's and 6.1 K  short contracts  were added by FII's. Net Open Interest decreased  by 6 K contract, so today's fall  in market was used by FII's to exit long and add shorts in  Index futures  Muhurat Trading session: Vows Traders should make to avoid loss
  

As discussed in  Weekly analysis , 7783 as per SHARK harmonic pattern should be probable target of downmove, 7767 was also the demand zone, 7771 was the low made on Monday and 7772 low was made on Tuesday and nifty bounced

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Bank Nifty Trading Strategy for 13 Nov

• As discussed in Weekly analysis  16622 is where Shark Harmonic pattern is complete and 16648 was demand zone, Low made 16587 on Monday and 16805 on Tuesday than bank nifty was in recovery mode, Till low of 16587 Bank Nifty remains in buy on dips mode.  Now Bulls need a close above 17143/17170 for a quick move towards 17300/17470 where gann resistance line is present as shown in 2 chart.. Downside support at 16911/16772 and 16652  Muhurat Trading session: Vows Traders should make to avoid loss

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Diwali Greetings From Bramesh's Tech

Deep jalte jagmagate rahe,Hum aapko aap hame yaad aate rahe,

Jab tak zindagi hai,Dua hai hamari,

Aap chand ki tarah zagmagate rahe.

With gleam of Diyas And the

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Samvat 2072: Muhurat trading explained

The “muhurat” trading session will be conducted for 60 minutes today, on leading bourses NSE and BSE, to pay obeisance to Lakshmi, the Hindu goddess of wealth and prosperity. It would also mark the New Year for traders as per the Hindu calendar, or Samwat 2072. Muhurat Trading session: Vows Traders should make to avoid loss

 

What is Muhurat Trading:

Muhurat trading is the auspicious stock trading practice for an hour on Diwali (Deepawali) is done traditionally to celebrate New Year. It is a symbolic ritual which has been performed for years. As Diwali also marks the beginning of the New Year, it is believed that muhurat trading on this day brings in wealth and prosperity throughout the year.

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Muhurat Trading session: Vows Traders should make to avoid loss

Muhurat trading is the auspicious stock trading practice for an hour on Diwali (Deepawali) is done traditionally to celebrate New Year. It is a symbolic ritual which has been performed for years. As Diwali also marks the beginning of the New Year, it is believed that muhurat trading on this day brings in wealth and prosperity throughout the year.

Vows traders should make on Mahurat Trading session to follow for next full year.

Invest on Trading Education: To become Doctor Engineer CA or master any other profession you need to study and master the concept.But trading is only profession in world where traders enter without any knowledge lose money and than blame market for their loss. "Trader should be responsible for his/her losses." Be accountable to yourself and do not give excuses. So If you feel you are not having proper knowledge,invest money on your trading education and stop getting fleeced by market.
Perfectionism: There is no perfection in trading as far as making money on every trade or having a perfect system. All you can hope to be perfect at, is following your system, rules, and trading plan. A winning trade should be measured as one in which you followed

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Two Emotions That Can Influence Your Trading

Short term market volatility is powerfully influenced by fear and greed.
But fear and greed aren't the only emotions that influence market decisions.
Other emotions, such as disappointment and regret, can also impact what market timers do and can have adverse effects on their timing decisions.
It is only normal to feel "disappointment" when our trades fail to meet our expectations. We feel "regret" when we think that we have made a poor decision that could have easily been avoided.
There's an assumption that underlies both emotions, and both of these assumptions can be dangerous to our ability to be profitable.
Must We Always Be Right?
We may believe irrationally that as market timers we must always be right and each buy and sell outcome must meet our expectations. If those expectations are not met,

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Bank Nifty bounces from Harmonic Zone,EOD Analysis

• As discussed in Weekly analysis  16622 is where Shark Harmonic pattern is complete and 16648 was demand zone, Low made 16587 at open and than bank nifty was in recovery mode,Also as i have been discussion about election results impact on market, today's rally would not have surprised blog readers. Now Bulls need a close above 17170 for a quick move towards 17368. Downside support at 16886/16772 and 16652  Case Study: How Emotion affect Trading

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Bank Nifty Weekly Forecast after BJP Election Defeat

Last week we gave the Chopad level of 17370 Bank  Nifty gave short entry on Monday opening and achieved 2 target on downside, and was unable to close above chopad level of 17370 on single trading session.  Lets analyze how to trade market in coming week.

Bank Nifty Hourly

Bank Nifty trading below 21/34 EMA , demand zone in range of 16750/16800.

Bank Nifty Channel

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Nifty Weekly Forecast after BJP Election Defeat

Last week we gave Chopad Levels  of 8044 , Nifty gave 2 shorting opputunity @8044 both rewarded traders with 1 Tgt on 1 time and 2 target on second initiation of chopad levels, Longs got stopped out before reaching target of 8145, High made was 8116. Lets analyze how to trade market in coming week after BJP lost Bihar election. We have 2 trading holidays in coming week on 11 and 12 November.

Nifty Hourly Chart

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Introduction Options Shorting/Writing

In Continuation with Previous Article  Why Retail Traders "Buy Options" and Professional Trader "Write Options"
What is Option Writing
Option Writing means Instead of Buying Options (Buying Call or Put), trader is shorting them, Just Like we short Futures, Option can also be shorted. Universal Rule of Market is Every Buyer will have a Seller so same applies in Options so If Trader A is Buying Option by paying premium , Trader B will short/write it.
This act of selling either calls or puts first, hoping that the value goes down and  buy it back at a lower price to earn a profit is called Option Writing.
As I have discussed in Last article Writes always have advantage as Probability of trade going in their favor is 3 times more than buying options.
With Increase in Lot size,many traders are preferring trading in options without having proper knowledge and eventually losing money.
The idea behind this post is to explain the basics on option writing/shorting, and  how including them in trading can improve the odds of winning.

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Nifty forms Doji before Bihar election result,FII FnO Data Analysis

• FII's sold 10.2 K contract of Index Future worth 648 cores ,11.2 K Long contract were liquidated by FII's and 1 K  short contracts  were liquidated by FII's. Net Open Interest decreased  by 12.2 K contract, so today's fall  in market was used by FII's to exit both long and  shorts in  Index futures, We have discussed various scenarios which we can see after Bihar Election results are declared Bihar Election Result impact on Stock Market Case Study: How Emotion affect Trading

As we have been advocating the importance of 7930 level in our past analysis , Nifty today formed low of 7926.15 and bounced back. Before

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Bank Nifty hold gann quadrant, EOD Analysis

• As discussed in last analysis  16886/16772/16652 are 3 levels traders needs to see on downside below today low for possible relief rally, towards 17200/17368. Low made today was 16911 and High at 17143 also closed above the gann quadrant, Now Bulls need a close above 17170 for a quick move towards 17368. Downside support at 16886/16772 and 16652 We have discussed various scenarios which we can see after Bihar Election results are declared Bihar Election Result impact on Stock Market Case Study: How Emotion affect Trading

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