Nifty 2015 Overview-- A Lost Year

Wishing Dear Readers a very very happy and prosperous and profitable new Year.
Regular Post will start publishing from Saturday. Traders’ Resolutions for New Year-2016
2015 year started with a Bang with Nifty clocking a gain of 6.35% in Jan Month but as per Gann Yearly cycle we made a High of 9119 04-March-2015 which was the Top of market when RBI gave the surprise rate cut and came down till 7539 08-Sep-2015 and closing the year with a loss of 3%. We can consider 2015 as year of consolidation after Nifty made heft gains off 28%i 2014 riding the MODI wave. Quarterly and Yearly chart of Nifty are shown below.

Yearly Chart

Yearly chart have formed an

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Traders’ Resolutions for New Year-2016

As the finale of 2015 approaches, we are each presented with an opportunity to reflect back while looking towards the future. The dawning of a new year is the perfect time to set new goals and embark down uncharted paths. Now is the time to plan your Resolution.

What are our top trading resolutions for 2016?

D  iscipline
R  esults
I  ntegrity
V  ictory (Over Emotions)
E  ducation

Discipline

Most traders could benefit from being more disciplined with their trading. Discipline in trading takes many forms. But it can be summarized as just doing what we know needs to be done.
If I could target only two things to be more disciplined in next year’s trading they would be:

1. Cut losing trades: Do everything to keep losses small.
2. Let profits run: Don’t fall prey to the fear of a small profit slipping away.

Losing trades are inevitable, because nobody gets it right all the time. It’s important to take the loss before it grows and does serious damage to our accounts.

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Voltas,KSCL and ZEE Harmonic Analysis for Intraday Trading

Voltas

Intraday Traders can use the below mentioned levels

Buy above 318.5 Tgt

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Asian Paint,Power Grid and VEDL Intraday Trading Analysis

Asian Paints

Intraday Traders can use the below mentioned levels

Buy above 882 Tgt

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Bank Nifty again resisted at gann line,EOD Analysis

• Bank Nifty broke 16880 level in intraday but was unable to close above it, and closed below 16770 level again increasing possibility of Bank nifty going down to 16573 levels..Major Problem Faced by Traders :Pulling The Trigger

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Major Problem Faced by Traders :Pulling The Trigger

Your Trading Strategy has generated the the BUY or SELL signal. All you need to do is log into your online trading account and place the order.
But right at that moment, all the doubt and second-guessing comes to a head, and the buy or sell signal is never executed.
Sound familiar? It's probably the most common problem faced by retail traders.
Decisions, Decisions, Decisions
Do any of these sentences sound familiar? Have you said these same words?
1.  The Trading signal says one thing, but this other indicator I have says another.

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Reliance Infra,Britania and LIC Housing Harmonic Pattern Analysis

Reliance Infra

Positional/Swing Traders can use the below mentioned levels

Unable to close above 458 Target 446/440

 

Intraday Traders can use the below mentioned levels

Buy above 455 Tgt

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Nifty near supply zone of 7860,EOD Analysis

• FII's bought 515 contract of Index Future worth 53 cores ,1.6 K Long contract were liquidated by FII's and 2.2  K  short contracts were liquidated by FII's. Net Open Interest increased  by 3.8 K  contract, so today's rise in market was used by FII's to exit long and  exit shorts in  Index futures.Why Retail Traders Lose Money in Stock Market
  

Nifty bounced from 7767

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Bank Nifty bounced from Gann Arc, EOD Analysis

• As discussed in last analysis Bank Nifty was unable to cross 16758 and made exact low of 16573 as we have discussed. Now break of 16573 can lead bank nifty back to 16286/15762 in coming week. Holding the same bounce to 16880/17031...

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Why Retail Traders Lose Money in Stock Market

Over the years, I have seen several people (including myself) lose fortunes while trading stocks, and I’ve found that invariably, it would be for the same reasons. Such reasons appear mostly psychological and occur often in the trading scene.

It is a known fact 80% of traders lose money and 20% makes profits on the expense of 80% traders going well verse with--Pareto principle

So what exactly is the reasons behind that the misery of traders losing money.
Trade without plan: Most of traders enter the market based on there intuition. They just want to trade as soon as market opens without having any knowledge of volumes, support and Resistances. They just trade coz they want to trade.
Over Leverage: Traders often try to carry too big a position with too little capital, and trade too frequently for the size of the account.
Over Trade: if suppose a trader make 10K in a day

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Maruti,PFC and Rel Capital Supply Demand Analysis

Maruti

 

 

Intraday Traders can use the below mentioned levels

Buy above 4645 Tgt

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Bank Nifty Weekly Study

Last week we gave the Chopad level of 16250 Bank Nifty gave Long entry on Monday and continued with the Rally throughout the week achieved all 3 target on Upside by Thursday. Lets analyze how to trade Bank Nifty in coming week.This will be the Last weekly analysis of 2015 as coming week due to personal commitments No Weekly and Daily Analysis will be published from 24 Dec-30 Dec.

Bank Nifty Hourly

Bank Nifty again got sold off from 90 degree angle.

Bank Nifty Harmonic

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Nifty Weekly Study

Last week we gave Chopad Levels  of 7555 , Nifty opened and made low of 7551 Chopad levels,  Long Intitated on Monday were rewarded with  all three target done by Wednesday.Lets analyze how to trade market in coming week.

Nifty Hourly Chart

As discussed last week Nifty trading in pyrapoint angles in range of 270/315, break of any one of them will be see another move of 125 points so break of 7575 can lead to fall near 7400, holding 7575 can see move back to 7700
Nifty moved perfectly in pyrapoint

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Understanding Cost of Carry

A future Contract is an agreement between two parties to BUY or SELL an underlying asset, including stocks, indices,commoditities or currency, at a certain time in the future at a certain price. Futures contracts are standardized and are traded on the exchange. To facilitate liquidity in futures contracts, the exchange defines certain standard specifications for  a particular contract , including a standard underlying instrument, a standard quantity and quality of that underlying assest ( to be delivered or cash settled), and a standard timing for such a settlement.  If you have taken position in equity futures, whether long or short, you have to close the position by entering in an equal and opposite

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Nifty reacts from gann resistance close below 7767,EOD Analysis

• FII's bought 6.6 K contract of Index Future worth 437 cores ,6.2 K Long contract were added by FII's and 0.03 K  short contracts were liquidated by FII's. Net Open Interest increased  by 5.8 K  contract, so today's fall in market was used by FII's to enter long and  exit shorts in  Index futures.Four Multi-Millionaire Traders Share Their Thoughts On Trading
  

As discussed   Bulls need to close above 7858 for next move towards 7979 else market can come down to retest 7767 where price action needs to be seen . Weekly Closing below 7767

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Bank Nifty reacts from gann resistance,EOD Analysis

As discussed in last analysis  Supply zone towards the 16758 which was gann resistance line also, and was unable to close above it. Closing above 16758 is important for next round of upove towards 16900/17000, else we can revisit 16573 again.  Bank Nifty was unable to cross 16758 and made exact low of 16573 as we have discussed. Now break of 16573 can lead bank nifty back to 16286/15762 in coming week. Holding the same bounce to 16880/17031.Four Multi-Millionaire Traders Share Their Thoughts On Trading

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Four Multi-Millionaire Traders Share Their Thoughts On Trading

“The key is consistency and discipline,” says Richard Dennis who grew $400 into $200,000,000.
"The key is consistency and discipline. I don't think anybody winds up making money in this business because they started out lucky."
For legendary trader Richard Dennis, the importance of being consistent isn't just theory. In 1984, on a bet, Dennis trained 23 individuals off the street to religiously follow a set of trading rules. His point was to provide that discipline was the key to trading success. All but 3 of those beginner traders made over 100% return their very first year of trading and Dennis won his $1,000,000 bet. Consistent discipline is also what is taught in the "Futures in Motion" advisory service.
“It's perseverance” declares Tom Baldwin who started with $25,000 and made untold millions trading upwards of $2 billion dollars a day in T-Bond futures.

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Bank Nifty near supply zone,EOD Analysis

• As discussed in last analysis  Bank Nifty bounced as we have discussed and closed just above the new demand zone of 16573, Holding the same we can see move towards 16578 and 16880. These are 2 levels we have gann resistance also as shown in 2 chart. Support is at 16286/16024. Bank Nifty opened gap up filled gap made low near 16544 near demand zone of 16573 and saw...

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Bank Nifty near supply zone,EOD Analysis

• FII's sold 9.7 K contract of Index Future worth 525 cores ,13.3 K Long contract were liquidated by FII's and 3.6 K  short contracts were liquidated by FII's. Net Open Interest decreased  by 17 K  contract, so today's rise in market was used by FII's to exit long and  exit shorts in  Index futures. How to Handle Trading Loss ?
  

As discussed   Nifty forming  Bullish SHARK pattern its PRZ is near  7550, so price action near 7539/7550 needs to be watched to check the validity of this pattern, Nifty made low of 7551 and rallied almost 300 point from the low, and achieved 3 target of SHARK pattern and also stopped

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DISH TV,Asian Paint and SKS Micro Swing Trading Analysis

DISH TV

Positional/Swing Traders can use the below mentioned levels

Close above 94 target 97/101

 

Intraday Traders can use the below mentioned levels

Buy above 94 Tgt

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Nifty does 2 SHARK Pattern target,EOD Analysis

• FII's bought 1.8 K contract of Index Future worth 91 cores ,4.1 K Long contract were liquidated by FII's and 6 K  short contracts were liquidated by FII's. Net Open Interest decreased  by 10.2 K  contract, so today's rise in market was used by FII's to exit long and  exit shorts in  Index futures. How to Handle Trading Loss ?
  

As discussed yesterday  Nifty forming  Bullish SHARK pattern its PRZ is near  7550, so price action near 7539/7550 needs to be watched to check the validity of this pattern, Nifty made low of 7551 and rallied almost 200 point from the low, and achieved 2 conservative target of SHARK pattern

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Bank Nifty Reacts from Demand Zone,EOD Analysis

• As discussed in last analysis Bank Nifty again went near the new demand zone quickly recovered all the looses, closed well above the new demand zone of 16286. Bulls can push prices towards 16573/16758, strong support exits near the gann green arc as shown in second chart, closing above the gann line @16580 can push prices all the way towards 17000 in coming sessions. Bank Nifty bounced .... How to Handle Trading Loss ?

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How to Handle Trading Loss ?

In Continuation with Previous Post  Problems Created by Trading Loss

The unfortunate part is that there is no easy fix How to Handle loss, but as a TRADER you need to get used to this.
Losing sucks; as humans we don’t like it and it results in a steady stream of trading problems. The good news is that there is a solution it’s just not easy.
Where the issue stems from doesn’t matter, ultimately you need to conquer it. That doesn’t mean you won’t want to avoid losses, it just means you accept those feels and don’t let those feelings affect your actions. It is within your control. Think about other areas of your life where you feel strong emotion, but don’t act on it. Instead you remain present, compose yourself and act according to your plan or principles.
Therefore, the first step in managing loss is to have a

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SBI,YES BANK and Voltas Supply Demand Analysis

SBI

Positional/Swing Traders can use the below mentioned levels

Close above 228 target 238

 

Intraday Traders can use the below mentioned levels

Buy above 228 Tgt

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Nifty does 1 SHARK Pattern target,EOD Analysis

• FII's sold 8.2 K contract of Index Future worth 437 cores ,6.9 K Long contract were liquidated by FII's and 1.2 K  short contracts were added by FII's. Net Open Interest decreased  by 5.6 K  contract, so today's rise in market was used by FII's to exit long and  enter shorts in  Index futures. Problems Created by Trading Loss
  

As discussed yesterday  Nifty forming  Bullish SHARK pattern its PRZ is near  7550, so price action near 7539/7550 needs to be watched to check the validity of this pattern,

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Bank Nifty heading towards gann line,EOD Analysis

• Bank Nifty again went near the new demand zone quickly recovered all the looses, closed well above the new demand zone of 16286. Bulls can push prices towards 16573/16758, strong support exits near the gann green arc as shown in second chart, closing above the gann line @16580 can push prices all the way towards 17000 in coming sessions  How Professional Traders Differ From Amateurs

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How Professional Traders Differ From Amateurs

For years people have swarmed to the Futures markets, hoping to find the holy grail trading system and to get rich overnight. If you really believe there is such a thing as the holy grail trading system, then why don’t more people quit their day jobs in search of this elusive creature? Part of the reason would be because they are smart enough to know it does not exist. Fortunately for Professional traders the dreamers who do believe in a holy grail are plentiful and once one trading account is blown up along comes two or three other dreamers to replace them.
Successful trading requires extensive ongoing education, repetition of what you have learned, a back tested and written trading plan explaining your trading style, risk management rules, a well-capitalized trading account, plenty of free time to analyze the markets both post and pre market, discipline to follow rules and the list goes on.
The rewards of being a Professional trader are endless, but the skills to maintain this status is the challenge every profession trader has to fight with.
If there was ever a business where you need

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Adani Ports,SRT and Bajaj Auto Harmonic Pattern Analysis

Adani Ports

Positional/Swing Traders can use the below mentioned levels

Close above 255 target 267

 

Intraday Traders can use the below mentioned levels

Buy above 255 Tgt

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Nifty bounce from SHARK PRZ zone,EOD Analysis

• FII's bought 2.7 K contract of Index Future worth 164 cores ,8.4 K Long contract were added by FII's and 5.7 K  short contracts were added by FII's. Net Open Interest increased  by 14.1 K  contract, so today's rise in market was used by FII's to enter long and  enter shorts in  Index futures. Problems Created by Trading Loss
  

As discussed yesterday  Nifty forming  Bullish SHARK pattern its PRZ is near  7550, so price action near 7539/7550 needs to be watched to check the validity of this pattern, Nifty made low of

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Bank Nifty bounces from demand zone,EOD Analysis

• Bank Nifty opened gap down near the 16200 near the new demand zone quickly recovered all the looses, closed well above the new demand zone of 16286. Bulls can push prices towards 16573/16758, strong support exits near the Gratley Harmonic support of 16024  Problems Created by Trading Loss

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Problems Created by Trading Loss

When it comes to trading psychology, in order to be successful in the markets traders must master HOW TO HANDLE LOSS.

Loss aversion is being unable to accept a loss once in a trade. You tell yourself you’ll get out if you lose a certain amount, but just before getting stopped out you decide to hold onto the trade and let the loss grow. It is an unwillingness to accept and realize a loss; instead the trade is held, in hope that it will swing back in your direction.

Problems Created by Loss Aversion
Loss aversion causes you to deviate from your trading plan. Based on your Trading Strategy , you know that you will win about 60% of the time, just as an example, and that your method produces a certain amount of profitability aft

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RCOM,JSW Energy and Tata Steel Technical Analysis

RCOM

Positional/Swing Traders can use the below mentioned levels

Close above 77 target 81/84

 

Intraday Traders can use the below mentioned levels

Buy above 77 Tgt

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Bank Nifty Weekly Analysis for Fed Rate Hike Week

Last week we gave the Chopad level of 16980 Bank Nifty gave short entry and continued with the fall throughout the week achieved all 3 target on downside. Lets analyze how to trade Bank Nifty in coming week.

Bank Nifty Hourly

Bank Nifty finally broke the pyrapoint range and saw a big fall, range breakdown happened support at 16000 levels as shown below where shorts should part book.

Bank Nifty Harmonic

Nifty Weekly Analysis for Fed Rate Hike Week

Last week we gave Chopad Levels  of 7850 , Nifty opened below  Chopad levels, made high of 7825 and  short Intitated during first  were rewarded with  all three target done by Friday. Nifty made low of 7575 which was near 52 week low of 7539.Lets analyze how to trade market in coming week which will be volatile as FED Rate Hike will keep market on the edge.

Nifty Hourly Chart

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Using Open Interest To Find Bull/Bear Signals

Many traders have been asking me question on my write up of FII Data analysis, Keeping all the question in mind i have prepared a cheat sheet which will help you in understanding my data analysis with more clarity.
1. What do you mean by Open Interest (OI) in futures and options? 
When there is trade between a buyer and seller, a contract opens and all such open contracts are together called as open interest. So if Trader A have bought 1 lot of Nifty Futures  expecting it to go up and Trader B have sold 1 lot expecting it to go down, that makes it 1 open contract and hence the open interest of 1.
2. How would you read  when I write  “

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Bank Nifty forms Hammer near demand zone,EOD Analysis

• As discussed in previous analysis Bank Nifty broke support near gann arc and trendline as shown in below 2 charts, Bank Nifty closed below 16850 bank nifty moving towards 16587/16300.  Low made today was 16573 near 16587, and bounced back forming a hammer candlestick. Holding today's low can see move towards 16880/17031.  Trade as per your trading strategy not MOOD

7

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Nifty heading towards PRZ of 7550/7530,EOD Analysis

• FII's sold 15.9 K contract of Index Future worth 922 cores ,8.1 K Long contract were liquidated by FII's and 7.7 K  short contracts were added by FII's. Net Open Interest decreased  by 398  contract, so today's fall in market was used by FII's to exit long and  enter shorts in  Index futures. Motivational Real Life Stories: The secret to keep winning in life!!!!
  

As discussed yesterday  Trend will change once we close above 7767, till than Nifty can go all the way down till 7539 and below.  Nifty made high of 7703 and low 7575 near 7539 low. Many readers

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Motivational Real Life Stories: The secret to keep winning in life!!!!

Karoly Takacs. You’ve probably never heard of him. However, in Hungary, he’s a national hero – everybody there knows his name and his incredible story. After reading his story, you’ll never forget him…
In 1938, Karoly Takacs of the Hungarian Army, was the top pistol shooter in the world. He was expected to win the gold in the 1940 Olympic Games scheduled for Tokyo.
Those expectations vanished one terrible day just months before the Olympics. While training with his army squad, a hand grenade exploded in Takacs’ right hand, and Takacs’ shooting hand was blown off.
Takacs spent a month in the hospital depressed at both the loss of his hand, and the end to his Olympic dream. At that point most people would have quit. And they would have probably spent the rest of their life feeling sorry for themselves. Most people would have quit but not Takacs. Takacs was a winner. Winners know that they can’t let circumstances keep them down. They understand that life is hard and that they can’t let life beat them down. Winners know in their heart that quitting is not an option.


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Godrej, SKS and SRT Technical Analysis

Godrej Industries

Positional/Swing Traders can use the below mentioned levels

Close above 357 target 364/369.

 

Intraday Traders can use the below mentioned levels

Buy above 358.5 Tgt

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Nifty forms Inside Day Pattern,FII FnO Data Analysis

• FII's sold 2 K contract of Index Future worth 120 cores ,1 K Long contract were added by FII's and 3.1 K  short contracts were added by FII's. Net Open Interest increased  by 4.2 K contract, so today's rise in market was used by FII's to enter long and  enter shorts in  Index futures. Trade as per your trading strategy not MOOD
  

After 6 days of fall of 376 points Nifty saw a respite saw a rally forming an inside day pattern, Trend will change once we close above 7767, till than Nifty can go all the way down

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Bank Nifty forms Hammer near demand zone,EOD Analysis

• As discussed in previous analysis Bank Nifty broke support near gann arc and trendline as shown in below 2 charts, Bank Nifty closed below 16850 bank nifty moving towards 16587/16300.  Low made today was 16573 near 16587, and bounced back forming a hammer candlestick. Holding today's low can see move towards 16880/17031.  Trade as per your trading strategy not MOOD

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Trade as per your trading strategy not MOOD

You want to be trading opportunity, not your mood of the moment. – Brett Steenbarger
Many traders I have interacted during my training session, one of the basic reason for loss is trading on mood, Somehow trader gets a feel and he does some aggressive trade which ultimately lead to "BIG LOSSES". So lets discuss how can we control the aggression.
Is it time to be aggressive?
Are you sleeping today thinking how much money you’ll make tomorrow?  Are you counting your profits before you’ve even sold it?  Are you imagining tomorrow’s going to be another strongly trending up day?  Believe me… you are not alone.  Upward strong momentum following upside strong surprises releases

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National Herald case in a Nut Shell

I generally do not discuss Politics on my site but Seeing the Mockery Congrees is creating in Parliament and obstructing country growth by not letting Parliament run Let me explain to my Readers all the Fuss about National Herald  case in which Mrs Sonia Gandhi and Rahul Gandhi have been asked to be present in Court

National herald (NH) was started during 1930s by Nehru and was publishing news paper.
During the course of time it accumulated land and wealth of 5000 crs. 
In 2000s it went into loss and had 90crs debt.
 NH's directors Sonia ,Rahul,  and Motilal vohra  decided to sell it to Young India Ltd. 
Now the funny part. 
Young India's directors were Sonia, Rahul, Oscar Farnandes and Motilal Vohra.

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Lupin,Glenmark and ICICI Bank Supply demand Analysis

Glenmark

Positional/Swing Traders can use the below mentioned levels

Close below 880 target 850/807.

 

Intraday Traders can use the below mentioned levels

Buy above 895 Tgt

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Nifty heading towards a new swing low,EOD Analysis

• FII's sold 1.5 K contract of Index Future worth 122 cores ,4.2 K Long contract were added by FII's and 5.8 K  short contracts were added by FII's. Net Open Interest increased  by 10 K contract, so today's fall  in market was used by FII's to enter long and  enter shorts in  Index futures. Are You a Trader or a Gambler?
  

As discussed in last analysis  Probability of Nifty hitting 7539 is increasing till nifty trade below 7767 zone . Nifty continued with its fall,corrected 376 points in 7 trading sessions, and now heading towards break of last swing low of 7539, How far can nifty fall, Nifty is forming

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Will Bank Nifty hold 16587,EOD Analysis

• As discussed in previous analysis Bank Nifty broke support near gann arc and trendline as shown in below 2 charts, Bank Nifty closed below 16850 bank nifty moving towards 16587/16300.  Low made today was 16626 near 16587, Once 16587 is broken we can move towards 16300. Close above 16850 is important  for move towards 17170/17396. From Gambling to Trading: Mindset Shifts That Help You Win

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From Gambling to Trading: Mindset Shifts That Help You Win

Trading success does not fall into our laps, sadly. The reason is to do with our inability to recognise a few simple universal laws and follow them. Our trading psychology is dominated by our ego and this prevents us from opening up to new ideas and change our habitual thinking and our trading minds.

In Continuation with previous article Are You a Trader or a Gambler?

• What you can do now to change Mindset From Gambling to Trading

Here are a few things you can begin doing immediately to begin the transition from being a gambler into thinking and acting like a professional trader:
• Be realistic about how much money you can make give

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Harmonic Pattern Trading :KSCL,Bharat Forge and Al Bank

KSCL

Positional/Swing Traders can use the below mentioned levels

Close above 398 target 411/422.

 

Intraday Traders can use the below mentioned levels

Buy above 398 Tgt

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Nifty closes below 7767, EOD Analysis

• FII's sold 3 K contract of Index Future worth 191 cores ,3.6 K Long contract were liquidated by FII's and 0.05 K  short contracts were liquidated by FII's. Net Open Interest decreased  by 4.1 K contract, so today's fall  in market was used by FII's to exit long and  exit shorts in  Index futures. Are You a Trader or a Gambler?
  

• Nifty opened below the demand zone of 7767 made high of 7771, bears pushed price again below 7767 and able to close below it. Probability of Nifty hitting 7539 is

Bank Nifty breaks demand zone,EOD Analysis

• Bank Nifty broke support near gann arc and trendline as shown in below 2 charts, Bank Nifty closed below 16850 bank nifty moving towards 16587/16300. Close above 16850 is important  for move towards 17170/17396. How YOU react when market move against your trading positions ?

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Are You a Trader or a Gambler?

You might be treating the market like your own personal casino right now and not even know it. In fact, if you are like many people trading the market, you are probably more of a gambler than a trader. Traders who fail at making money consistently in the market have a gamblers mindset; they do not have the professional mindset and habits that consistently profitable traders have.
How do you know if you are approaching the market like it is a casino or like it is a business?

• Are YOU a gambler?
There are basically two types of people trading the market at any given time; people who are gambling with their money, and professional traders who treat trading like a business. As you probably could guess, the gambling traders are the ones who lose money; the professional traders are the ones who make money.

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Infosys,Reliance and Bharat Forge Swing Trading

Infosys

 Positional/Swing Traders can use the below mentioned levels

Holding  1040 Target 1075.

 

Intraday Traders can use the below mentioned levels

Buy above 1049 Tgt

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Nifty holds 7767 demand zone,EOD Analysis

• FII's bought  0.08 K contract of Index Future worth 34 cores ,3.2 K Long contract were liquidated by FII's and 4 K  short contracts were liquidated by FII's. Net Open Interest decreased  by 7.2 K contract, so today's fall  in market was used by FII's to exit long and  exit shorts in  Index futures. Nifty Options-What happens on Expiration day?
  

Nifty closed tad above  7767 which is a strong demand zone

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Bank Nifty holds its gann arc,EOD Analysis

• Bank Nifty December Future Open Interest Volume is at 21.3 lakh with liquidation of 0.28 Lakh with decrease in CoC suggesting long position were closed today.Bank Nifty rollover cost coming @ 17158 .Can Traders make money in Stock market?
  

18000 CE is having highest OI

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How YOU react when market move against your trading positions ?

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, when you have a certain expectation of how the market should behave. E.g. you might for

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Bank Nifty Weekly Forecast for 07-11 December

Last week we gave the Chopad level of 17400 Bank Nifty gave long Entry on Monday opening and achieved 1 target High made was 17499 and our 1 Target 17510, Short Entry  on downside was given on Wednesday  and did 3 target on downside by Friday,Lets analyze how to trade Bank Nifty in coming week.

Bank Nifty Harmonic

Bank Nifty is forming BAT pattern did a high of 17500 did not

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Nifty Weekly Forecast for 07-11 December

Last week we gave Chopad Levels  of 7950 , Nifty was volatile last week trading above and below the Chopad levels, Long Intitated during first half of week got Stopped out , Shorts were rewarded with  all three target done by Friday. Nifty made low of 7756 which was near our last Chopad level of 7760.Lets analyze how to trade market in coming week.

Nifty Hourly Chart

Nifty is forming an expanding trading range with higher higs and higher lows, if range of 7767-7750 is held we can see bounce till 7855/7912 range and above it should break 7995.

Nifty Harmonic

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FII Data Analysis for 07 Dec

• FII's sold 16.5 K contract of Index Future worth 965 cores ,10.5 K Long contract were liquidated by FII's and 6 K  short contracts were added by FII's. Net Open Interest decreased  by 4.4 contract, so today's fall  in market was used by FII's to exit long and  enter shorts in  Index futures. Nifty Options-What happens on Expiration day?
  

As discussed yesterday  For next 2

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Bank Nifty near gann arc,Will it Bounce again ?

• Bank Nifty did the extended ABCD target and closed near 16897 which is near 78.6%. Bank NIfty also is near 61.8% zone of last fall so range of 16860-16890 is very important zone also gann arc support zone, which was held on Friday, holding the same we can see rally towards 17170 range where gann trendline lies. Breaking of 16850 can lead to fall towards 16587/16300.  Nifty Options-What happens on Expiration day?

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Nifty Options-What happens on Expiration day?

Many traders will indulge in Option trading especially on Expiry Day to make some quick buck as sometimes Rs 1 Options can jump to Rs 20-30 in matter of time.
During my trading Seminar , general question which most of participants have is

Why do options trade at lesser than theoretical value on the expiry day ?

I have seen trader taking position in Options that trades less them their theoretical value, thinking price will correct End of day and they will make profits but in reality end up making losses Many traders every expiry do not  sell their ITM options and letting it expire(especially which are very close to strike price) or else take trades/strategies assuming that discounted pr

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Lesson a TRADER can learn from ANT

All of us tend to look up to big people for lessons on how to get better. We are keen to learn the secrets of their success. But we forget that sometimes the biggest lessons in life come from the smallest folks around us.

Take ants for instance. Would you believe those small creatures can teach us how to live a better life? Jim Rohn - the great motivational guru – developed what he called the ‘Ants Philosophy’.
He identified four key lessons from the behaviour of ants that can help us lead better lives. Jim Rohn is no more – but his messages continue to inspire. Here then, are the four lessons from Rohn’s ‘Ants Philosophy’.

1. Ants never quit. Have you noticed how ants always look for a way around an obstacle? Put your finger in an ant’s path and it will try and go around it, or over it. It will keep looking for a way out. It won’t just stand there and stare. It won’t give up and go back.

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Bharat Forge,Tata Steel and SKS Micro Swing Trading

Bharat Forge

Positional/Swing Traders can use the below mentioned levels

Close above 867 Short term target 883/890.

 

Intraday Traders can use the below mentioned levels

Buy above 862 Tgt

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Nifty breaks 7906 Demand zone, EOD Analysis

• FII's sold 8.6 K contract of Index Future worth 508 cores ,5.5 K Long contract were liquidated by FII's and 3 K  short contracts were added by FII's. Net Open Interest decreased  by 2.5 contract, so today's fall  in market was used by FII's to exit long and  enter shorts in  Index futures. Do You Fear Overnight Trading Positions
  

As discussed yesterday  For next 2 days if 7906 broken we can go towards 7851/7812. Bullish only on close above 7994. Nifty made high of 7912 went belo

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Bank Nifty does ABCD pattern target, EOD Analysis

• Bulls were  unable to close above 17466 where demand zone lies, Bears today broke the 17170 barrier and closed below it suggesting bank nifty can move sub 17000 zone 16982/16941 is where the support lies. Bank Nifty under performed on downside as gann arc support was held strong but if 17060 gave away we can see bank nifty going towards extended target of ABCD pattern 16941/16790 as shown below today,Resistance is at 17200/17331. Breakout only on close above 17466 and breakdown close below 16964. . Do You Fear Overnight Trading Positions

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Do You Fear Overnight Trading Positions

As a trader, if you are carrying overnight position,

• Are you glued in front of computer screen once trading in India Market is over, continuously tracking financial news around the globe.
• Do you continuously track European market, US markets.
• Do you have Eagle Eye on SGX nifty and any move against your position increases your heart beat.

If you are having the above characteristics it means you are fearful about your trading positions and trading success can never come to a person who is not at peace with his/her mind.
There really is one simple “fear test” that I have found to be very effective

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Bharti,Dabur and BPCL Swing Trading using Harmonic Pattern

Bharti Airtel

Positional/Swing Traders can use the below mentioned levels

Close above 323 Tgt 330/334/343

 

Intraday Traders can use the below mentioned levels

Buy above 323 Tgt

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Nifty took support at demand zone,EOD Analysis

• FII's sold 9.2 K contract of Index Future worth 506 cores ,4.6 K Long contract were liquidated by FII's and 4.6 K  short contracts were added by FII's. Net Open Interest increased  by 28 contract, so today's fall  in market was used by FII's to exit long and  enter shorts in  Index futures. How Your Brain Gets In The Way of Your Trading Success
  

As discussed yesterday Nifty is nearing trend change as shown in gann swing chart, Closing above 7994 will lead to trend change on upside, Till 7906 is held we can move towards 7994/8051/8116, Support is at 7906/7851. Nifty made high of 7979 unable to cross 7994 and started the fall and made low of 7911 near our demand zone of 7906

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Bank Nifty takes support near Gann Arc,EOD Analysis

Bulls were  unable to close above 17466 where demand zone lies, Bears took the opputunity to push bank nifty towards supply zone at 17170 low made today 17164 and Bulls came back pushing bank nifty above gann swing line, suggesting


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How Your Brain Gets In The Way of Your Trading Success

During our training sessions with students we are very specific t0 make them understand you have lost money not because of market but the main reason is Your brain doesn’t like to lose.Its all there in your subconscious mind which is responsible for profit and loss for a trader.

Brain remembers everything.

How you trade in the future is often affected by the outcomes of your previous trades.  For example, you may have sold a stock at a 20% gain, only to watch the stock continue to rise after your sale.  And you think to yourself, “If only I had waited.”  Or perhaps one of your investments fall in value, and you dwell on the time when you could’ve sold it while in the money.  These all lead to unpleasant feelings of regret.

Brain is great at coming up with excuses.

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TVS Motor,IB Housing,Indusind Bank Harmonic Pattern Swing Trading

TVS Motors

Positional/Swing Traders can use the below mentioned levels

Unable to close above 313 Short term target 297/288.

 

Intraday Traders can use the below mentioned levels

Buy above 305.6 Tgt

 

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Nifty ready for decisive move,EOD Analysis

• FII's sold 4.6 K contract of Index Future worth 322 cores ,5.9 K Long contract were added by FII's and 10.5 K  short contracts were liquidated by FII's. Net Open Interest increased  by 16.4 K contract, so today's rise/fall  in market was used by FII's to enter long and  enter shorts in  Index futures. GST impact on Indian Economy
  

Nifty formed another DOJI pattern after 2 days of rally consolidating the gains. Nifty is nearing trend change as shown in gann swing chart

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