Nifty Weekly Forecast for 01-05 Feb

Last Week we gave Chopad Levels  of 7457 , Nifty gave short entry on Monday which got stopped out on Friday and did not achive the target of 7380, Nifty was unable to close above the Chopad level of 7457 till Friday,Once it closed above it on Hourly basis on Friday we had the big rise, rewarding patience and flexible Chopad Followers with 2 Target on upside. Lets analyses how to trade nifty next week.

Nifty Hourly Chart

As discussed in last analysis Coming week

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How to use Stochastics Indicator in Trading

Technical analysis is a science of forecasting the price of stock/index/commodities based on price and volumes data.
Technical analysis is practiced in two main categories

• Charts Patterns
• Technical Indicators

Chart Patterns -- A chart pattern is a pattern that is formed within a chart when prices are graphed. In stock and commodity markets trading, chart pattern studies play a large role during technical analysis. When data is plotted there is usually a pattern which naturally occurs and repeats over a period of time.
Technical Indicators -- Technical Indicator is a result of mathematical calculations based on indications of price and/or volume. The values obtained are used to forecast probable price moves and trend in a particular stock/index. Indicators help you assess the market for its momentum, direction, etc.
Technical Indicators are of two main types

• Leading Indicator
• Lagging Indicator

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Nifty rallies once 7462 is broken,EOD Analysis

• FII's bought 23.9 K contract of Index Future worth 1327 cores ,20.4  K Long contract were added by FII's and 3.4  K short contracts were liquidated by FII's. Net Open Interest increased  by 17 K contract, so rise in market was used by FII's to enter  long and  exit shorts in  Index futures. Every Success Story Is Also A Story Of Great Failure
  

As discussed in Last Analysis We need a close above 7462 for market to reach the next target of ABCD pattern @ 7521.  Now range of 7460-7480 should be watched closely as closing above it can see nifty moving in 7550-7575 range where we have strong supply, Nifty opened near gann arc as shown below and started recovering and once move above 7462 rallied

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Bank Nifty bounces from Gann Arc,EOD Analysis

•  As discussed in last analysis   We should big move tomorrow, Support below  15400 comes at 15237 and resistance at 15713. Bank Nifty opened with gap down near gann arc as shown below and as soon as moved above 15237 bulls took control and rallied bank nifty till 15550. Now for coming 2 days Bank Nifty Resistance at 15713 crossing the same can see fat move till 15882/16000.  Bearish only on break of 15400. Every Success Story Is Also A Story Of Great Failure

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Every Success Story Is Also A Story Of Great Failure

Failure is the highway to success.

Tom Watson Sr. said, "If you want to succeed, double your failure rate."

If you study history, you will find that all stories of success are also stories of great failures. But people don't see the failures. They only see one side of the picture and they say that person got lucky: "He must have been at the right place at the right time."
Let me share someone's life history with you. This was a man who failed in business at the age of 21 ; was defeated in a legislative race at age 22; failed again in business at age 24; overcame the death of his sweetheart at age 26; had a nervous breakdown at age 27; lost a congressional race at age 34; lost a senatorial race at age 45; failed in an effort to become vice-president at age 47; lost a senatorial race at age 49; and was elected president of the United States

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LT,TVS Motor and Adani Ports Harmonic Pattern Analysis

LT

Positional/Swing Traders can use the below mentioned levels

Close below 1072  Tgt 1021/987

 

Intraday Traders can use the below mentioned levels

Buy above 1085 Tgt

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Nifty Feb Series Analysis

• FII's sold 29.6 K contract of Index Future worth 1597 cores ,103  K Long contract were Liquidated by FII's and 57.7  K short contracts were liquidated by FII's. Net Open Interest decreased  by 161 K contract, so fall in market was used by FII's to exit  long and  exit shorts in  Index futures. Using Your Intuition in trading
  

As discussed in Last Analysis Now range of 7460-7480 should be watched closely as closing above it can see nifty moving in 7550-7575 range where we have strong supply, Support at 7320 and 7250. High made was 7468 and nifty came down to close @7424. We need a close above

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Bank Nifty Feb Series Analysis

•  As discussed in last analysis Bank Nifty Resistance at 15713 crossing the same can see fat move till 15882/16000.  Bearish only on break of 15400. Bank Nifty was unable to close the demand zone of 15713 and took support near the gann horizontal line, so trading in a zone before seeing a breakout/breakdown. We should big move tomorrow, Support below  15400 comes at 15237 and resistance at 15713. Bank Nifty had a movement of 2313 points in Jan Expiry High made was 17067 and Low 14754. Using Your Intuition in trading

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ICICI,Glenmark and Maruti Gunner Forecast

ICICI Bank

Intraday Traders can use the below mentioned levels

Buy above 239.5 Tgt

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Nifty Jan 2016 Expiry Analysis

• FII's sold 11.7 K contract of Index Future worth 619 cores ,17.4  K Long contract were added by FII's and 29.1  K short contracts were added by FII's. Net Open Interest increased  by 46.5 K contract, so fall in market was used by FII's to enter long and  enter shorts in  Index futures. Want to Be Profitable Trader?
  

As discussed in Last Analysis Now range of 7460-7480 should be watched closely as closing above it can see nifty moving in 7550-7575 range where we have strong supply, Support at 7320 and 7250. High made was 7477 and nifty came down to close @7437.

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Bank Nifty Jan 2016 Expiry Analysis

As discussed in last analysis Bank Nifty Resistance at 15713 crossing the same can see fat move till 15882/16000.  Bearish only on break of 15400. Bank Nifty again made high of 15673 again unable to close the demand zone of 15713 and took support near the gann horizontal line, so trading in a zone before seeing a breakout. We should see big move in next 2 days as per time analysis. Support at 15400 and resistance at 15713.Want to Be Profitable Trader?



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Want to Be Profitable Trader?

Discipline Your Mind: This is what helps one to gain in the market on consistent basis. When the market movements as per your trading setup asks you to enter, book profit or loss just obey it. Do not let your emotion enter here thinking you will beat the market.
Be Flexible: Trade the market not your EGO, You will get money if you trade right as per your set up. Market will never move in one way. It has to be volatile/choppy else everybody would make money. Yes, you did make money in going long previous times but that certainly not the case always. Your gains from hundreds of trades may be washed out in few trades if you respect your ego.
Learn and Re-learn:

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Just Dial,Havells and HDFC MML Intraday Analysis

Just Dial

 

Intraday Traders can use the below mentioned levels

Buy above 806 Tgt

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Bank Nifty EOD Analysis

Bank Nifty Resistance at 15713 crosing the same can see fat move till 15882/16000.  Bearish only on break of 15400.Secret of Successful Trading:Make Your Trading Boring





 


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Will Nifty close above 7462,EOD Analysis

• FII's bought 18.1 K contract of Index Future worth 981 cores ,5.7 K Long contract were liquidated by FII's and 12.4 K short contracts were added by FII's. Net Open Interest increased  by 6.7 K contract, so rise in market was used by FII's to exit  long and  enter shorts in  Index futures. Secret of Successful Trading:Make Your Trading Boring
  

As discussed in Last Analysis Now range of 7460-7480 should be watched closely as closing above it can see nifty moving in 7550-7575 range where we have strong supply, Support at 7320 and 7250. High made was 7487 and nifty came down to close @7436.

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How to trade Gartley Harmonic Pattern

There are three basic steps in spotting Harmonic Price Patterns:

• Step 1: Locate a potential Harmonic Price Pattern
• Step 2: Measure the potential Harmonic Price Pattern
• Step 3: Buy or sell on the completion of the Harmonic Price Pattern

By following these three basic steps, you can find high probability setups that will help you grab good profits.
How to trade ABCD Harmonic Pattern
Let’s see this process in action!
Gartley pattern has the following characteristics:

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Secret of Successful Trading:Make Your Trading Boring

Great traders are often thought of Traders having very strict risk management, and very much well versed with their trading strategies . But an often overlooked trait which should always be mentioned is the successful trader’s ability to control emotions and do not get panicked in times of high volatility and do not get greedy when trades are make lot of money .
I definitely think every trader struggles with controlling our emotions from time to time, and it is one hurdle which trips up many would-be traders that never choose to get beyond it. And it is a choice – either you control your emotions, or your emotions control you.
I know traders  who broke keyboards over a Rs 10000  loss, and I’ve seen guys who can literally take a nap when up 6 figures on the day they are so cool, calm and

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Century Textile,Hexaware and IB Housing Supply and Demand Analysis

Century Textile

Positional/Swing Traders can use the below mentioned levels

Close above 524 Tgt 534/542/555

 

Intraday Traders can use the below mentioned levels

Buy above 524 Tgt

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Bank Nifty forms Weekly Hammer,Weekly Analysis

Last Week we gave Chopad Level 14994 Bank Nifty did 2 target on downside and 1 Target on Upside. We got multiple trades in whole week as the volatility was at its peak in bank nifty

Traders should work on New Year resolutions and use the below 2 post for planning a successful and profitable 2016.
 Traders’ Resolutions for New Year-2016 
New Year Resolutions for Trading Success
Lets analyze how to trade Bank Nifty in coming week.

Bank Nifty Hourly

Bank Nifty took support @225 degree as we discussed last week and move towards till 180 degree. Holding 180 degree @15460 can see move towards 15941/16050. Break of 180

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Nifty forms Weekly DOJI,Weekly Analysis

Last Week we gave Chopad Levels  of 7376 , Nifty gave short entery on Monday which got stopped out on Tuesday, and Traders were able to Intitate long which moved till 1 Tgt of 7457 High made was 7462. Shorts were again triggered on Wednesday Open and Did 2 target on downside @7450, Low made was 7241. So Both High and Low was made near our Chopad levels. Lets analyses how to trade nifty next week as we have Trading Holiday on Tuesday on Account of Republic Day.

Traders should work on New Year resolutions and use the below 2 post for planning a successful and profitable 2016.
 Traders’ Resolutions for New Year-2016 
New Year Resolutions for Trading Success

Nifty Hourly Chart

As discussed in last analysis Break

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Fibonacci Studies and the Stock Market

Introduction
Fibonacci numbers were derived from an Italian mathematician Leonardo Pisano. Fibonacci was a mathematician who was born in Italy around the year 1170. It is believed that Mr. Fibonacci discovered the relationship of what are now referred to as Fibonacci numbers while studying the Great Pyramid of Gizeh in Egypt.
What are Fibonacci numbers ?
Fibonacci numbers are a sequence of numbers in which each successive number is the sum of the two previous numbers:
1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 610, etc.
As per classic technical analysis that certain percentages of the Fibonacci Sequence (after the first several numbers) identified that the ratio of any number to the next was approximately 0.618% and the next lower number was 1.618%.Active Traders and investors used these numbers in their trading and provide exceptional turning points within the market.
There are three popular Fibonacci studies:

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Nifty does 1 Target of ABCD pattern,EOD Analysis

• FII's bought 10.9 K contract of Index Future worth 556 cores ,1.2 K Long contract were liquidated by FII's and 12.2 K short contracts were liquidated by FII's. Net Open Interest decreased  by 13.5 K contract, so rise in market was used by FII's to exit  long and  exit shorts in  Index futures. The story of a Woodcutter
  

As discussed in Last Analysis Nifty now needs to close above 7336 for a quick move towards 7432 as shown in below chart. Low made today was

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Bank Nifty rises holding gann arc,EOD Analysis

As discussed in last analysis  Bank Nifty price action suggest a change in trend as we saw buying near the demand zone. Break of 15380 can see move towards 15713/15872. Bank Nifty broke above 15380 holding gann arc as shown below now this range of 15320-80 should act as support till expiry. Resistance at 15713/15872 Bearish only on break of 15000. The story of a Woodcutter



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The story of a Woodcutter

Once upon a time, a very strong woodcutter asked for a job in a timber merchant and he got it. The pay was really good and so was the work condition. For those reasons, the woodcutter was determined to do his best.
His boss gave him an axe and showed him the area where he supposed to work.
The first day, the woodcutter brought 18 trees.
“Congratulations,” the boss said. “Go on that way!”
Very motivated by the boss words, the woodcutter

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Jubilant,Tata Motors and Yes Bank ABCD Harmonic Analysis

Jubilant Food

Positional/Swing Traders can use the below mentioned levels

Close above 1175 Tgt 1220/1300

 

Intraday Traders can use the below mentioned levels

Buy above 1164 Tgt

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Will Nifty close above 7336 supply zone,EOD Analysis

• FII's bought 6.3K contract of Index Future worth 329 cores ,6.9 K Long contract were added by FII's and 575 short contracts were added by FII's. Net Open Interest increased  by 7.5 K contract, so fall in market was used by FII's to enter long and  enter  shorts in  Index futures. Do you have what it takes to be a trader?
  

Nifty again bounced from 7250 level near the ABCD pattern completion as it touched 138.2% retracement as we have been discussing in last analysis and bounced back almost 80 points from the low. Harmonic Pattern (We recently started Harmonic Course for traders wanting to learn more about it) gives you precise entry with minimum risk, 1 Target of rise comes at 7414 Nifty today made high of 7401 doing the 1 target

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Bank Nifty hold the gann arc,EOD Analysis

•  As discussed in last analysis Range of 15320-15380 is very crucial closing above it bulls will rise more and unable to do so we can revisit 15000 level again. Bank Nifty opened with gap up made high of 15364 and corrected till the green gann arc and bounceback, Todays price action suggest a change in trend as we saw buying near the demand zone. Break of 15380 can see move towards 15713/15872. Bearish only on break of 14750.  Trading Quotes from Curtis Faith

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Trading Quotes from Curtis Faith

Dont spent all your time admiring the fancy tools in the magazine.
First learn how to use the basic ones well. Its not the size of your tools that counts but how you use them.
Keep it simple. Simple time-tested methods that are well executed will beat fancy complicated method every time.
Trading with poor methods is like learning to juggle while standing in a rowboat during the storm. Sure, it can be done, but it is much easier to juggle when one is standing on a solid ground.
Trading is not a sprint; it is boxing. The market will beat you up, screw with your head, and do anything it can to defeat you. But when the bell sounds at the end of

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Rel Cap,HZL and IBR Swing Trading using Harmonic

Rel Capital

Positional/Swing Traders can use the below mentioned levels

Close above 369 Tgt 377/386

 

Intraday Traders can use the below mentioned levels

Buy above 369 Tgt

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Nifty complete extended ABCD pattern,EOD Analysis

• FII's sold 681 contract of Index Future worth 86 cores ,217 Long contract were liquidated  by FII's and 464 short contracts were added by FII's. Net Open Interest increased  by 247 contract, so fall in market was used by FII's to exit long and  enter  shorts in  Index futures. Do you have what it takes to be a trader?
  

Nifty has finally completed its ABCD pattern as it touched 138.2% retracement as we have been discussing in last analysis and bounced back almost 80 points from the low. Harmonic Pattern (We recently started Harmonic Course for traders wanting to learn more about it) gives you precise entry with minimum risk, 1

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Bank Nifty touches gann arc and bounces,EOD Analysis

 As discussed in last analysis Bank Nifty after correcting 2111 points in 11 trading days finally showed some respite to bulls and bounceback, High made today was 15338 and was unable to close above the weekly supply zone of 15320, Bulls need to close above the Weekly supply zone for more rise. Bank Nifty has closed above the gann line also and now has resistance at horizontal line @15380. So the range of 15320-15380 is very crucial closing above it bulls will rise more and unable to do so we can revisit 15000 level again. Bank Nifty opened with gap down and corrected till the green gann arc and

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Do you have what it takes to be a trader?

Markets have been on a roller coaster ride since the start of new year week. These kind of markets are real test of trader.
I firmly believe that anyone can learn to trade successfully, it’s also true that there are certain skills and abilities that one must be willing to develop before they can become a successful trader.
If you have been reading my daily positing for a while, you know I firmly believe in having a Strong Trading Psychology, Working on Proper System and Discipline in all the  trades.
Today’s we willl not discuss anything but

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Axis Bank,Rel Infra and IB Housing MML Analysis

Axis Bank

Positional/Swing Traders can use the below mentioned levels

Close above 398 Tgt 411

 

Intraday Traders can use the below mentioned levels

Buy above 389 Tgt

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Nifty Bounces after 606 correction,EOD Analysis

• FII's bought 7.2 K contract of Index Future worth 391 cores ,2.2 K Long contract were added by FII's and 4.9 K short contracts were liquidated by FII's. Net Open Interest decreased  by 2.6 K contract, so rise in market was used by FII's to enter long and  exit shorts in  Index futures.Keep losses small in order to avoid huge losses
  

As discussed in yesterday analysis Nifty has formed a BULLISH ABCD pattern near so if 7323 is held we can see bounceback till 7579/7610/7654 in short term , Short covering rally will be fast and furious. Nifty has corrected 637 so short covering rally cannot be ruled out, our levels are 7323/7300 should be held for the rally to take place. Nifty started

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Bank Nifty Bounces after 2111 correction,EOD Analysis

•  Bank Nifty after correcting 2111 points in 11 trading days finally showed some respite to bulls and bounceback, High made today was 15338 and was unable to close above the weekly supply zone of 15320, Bulls need to close above the Weekly supply zone for more rise. Bank Nifty has closed above the gann line also and now has resistance at horizontal line @15380. So the range of 15320-15380 is very crucial closing above it bulls will rise more and unable to do so we can revisit 15000 level again. Keep losses small in order to avoid huge losses

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Keeping losses small in order to avoid huge losses

Keeping losses small in order to avoid huge losses

Why is that so?
From a psychological point of view nobody wants to lose be it stock market or in any situation of life. No One want to admit He/She has done a mistake and termed as a loser. That’s why most people prefer sticking to a losing position, till they are forced to exit as margin pressure increases. They don’t want to be labeled a loser. So they start hoping their position will turn around and end up being a huge winner. The stock then keeps tanking. Then they hope they will be able to sell for a break even. The stock then goes down even more. That’s when being objective and balanced isn’t possible anymore. Losses have become huge and they are trapped.
The cost is simply huge. You lost money. You lost time.

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HCL Tech,Reliance and Jubilant Food Technical Analysis

HCL Tech

Positional/Swing Traders can use the below mentioned levels

Close above 856 Tgt 874/898

 

Intraday Traders can use the below mentioned levels

Buy above 854 Tgt

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Bank Nifty heading towards gann arc,EOD Analysis

• Bank nifty continued with its fall and broke 15150 level in the process. Bank Nifty has now corrected 2111 points in 11 trading days fall can continue till 14862 where gann green arc lies and in worst case scenario can get extended till 14338.  Market is going against me, but unable to cut my loses

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Nifty forms ABCD Pattern,EOD Analysis

• FII's bought 18.7 K contract of Index Future worth 958 cores ,15 K Long contract were added by FII's and 3.6 K short contracts were liquidated by FII's. Net Open Interest increased  by 11.4 K contract, so fall in market was used by FII's to enter long and  exit shorts in  Index futures.Market is going against me, but unable to cut my loses
  

As per below chart nifty has formed a BULLISH ABCD pattern near so if 7323 is held we can see bounceback till 7579/7610/7654 in short term , Short covering rally will be fast and furious. Nifty has corrected 637 so short covering rally cannot be ruled out, our levels are..

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Nifty forms ABCD Pattern,EOD Analysis

• FII's bought 18.7 K contract of Index Future worth 958 cores ,15 K Long contract were added by FII's and 3.6 K short contracts were liquidated by FII's. Net Open Interest increased  by 11.4 K contract, so fall in market was used by FII's to enter long and  exit shorts in  Index futures.Market is going against me, but unable to cut my loses
  

As per below chart nifty has formed a BULLISH ABCD pattern near so if 7323 is held we can see bounceback till 7579/7610/7654 in short term , Short covering rally will be fast and furious. Nifty has corrected 637 so short covering rally cannot be ruled out, our levels are..

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Market is going against me, but unable to cut my loses

Nifty has been in panic mode from past 1 Jan 637 points in 11 days and we have seen capitulation in Mid and Small caps. Most of traders were bearish were holding long and bought Call options as covered in FII analysis. With such sudden fall many traders are caught of wrong foot and now finding it difficult to cut their trading looses and go with the main trend.
The fear most of traders have What if as soon as i cut down my long positions in  Nifty/Stock reverse. With such inhibition in mind they keep on holding the and at worst keep averaging their losing trades. The end result market forces them to cut their positions when they are unable to fulfill the margin calls.

Most of traders are aware of this age old adage " A trader you should cut your losses short and let your winners run."Still most of traders work against this and keep blowing off their account.

What Stops traders

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Mindtree,Kotak Bank and Asian Paints Swing Trading Analysis

Mindtree

Positional/Swing Traders can use the below mentioned levels

Close above 1545 Tgt 1597/1631

 

Intraday Traders can use the below mentioned levels

Buy above 1554 Tgt

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Bank Nifty Weekly Technical Analysis

Last Week we gave Chopad Level 16050 Bank Nifty did all target on downside by Thursday and did not close above the Chopad level during the whole week, such was the selling in Banking stocks.

Traders should work on New Year resolutions and use the below 2 post for planning a successful and profitable 2016.
 Traders’ Resolutions for New Year-2016 
New Year Resolutions for Trading Success
Lets analyze how to trade Bank Nifty next week after seeing almost 1900 point fall in 2016.

Bank Nifty Hourly

Bank Nifty once 135 degree was broken fall..

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Nifty breaks 7500, Weekly Analysis

Last Week we gave Chopad Levels  of 7555 , Nifty opened gap down below chopad levels and made low of 7494 before bouncing back near 1 target of 7605,  Shorts  Intitated on Tuesday were rewarded with  2 target done by Tuesday only.Lets analyses how to trade nifty next week.

Traders should work on New Year resolutions and use the below 2 post for planning a successful and profitable 2016.
 Traders’ Resolutions for New Year-2016 
New Year Resolutions for Trading Success

Nifty Hourly Chart

As discussed in last analysis Break of 315 @7551 can see fast move till 7430.
Nifty moved perfectly in pyrapoint angles

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Bank Nifty corrects 1913 points from 1 Jan,EOD Analysis

•  Bank nifty has invalidated the  ABCD pattern  as it closed below the 15453 and also broken the gann trendline in the process. Closing below 15150 on Monday can have severe implication on downside.Holding the same can see fast move towards 15550.Bank Nifty has corrected 1913 points from 1 Jan till date suggesting fall has been prety severe maximum correction seen in 2500 point going by historical data. How making a trading plan improves your trading

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Nifty corrects 548 points from 1 Jan,FII Data Analysis

• FII's bought 3.3 K contract of Index Future worth 158 cores ,7 K Long contract were added by FII's and 3.6 K short contracts were added by FII's. Net Open Interest increased  by 10.6 K contract, so fall in market was used by FII's to enter long and  enter  shorts in  Index futures.How making a trading plan improves your trading
  

Nifty Shark pattern finally got invalidated as Nifty closed below 7503.  Close below 7503 increases probability of Nifty going towards 7400/7118.Bullish only on close above 7610.As per below chart nifty is trading near gann arc so price action in range of 7380-7400 is very important,

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How To Identify Market Tops and Bottom

There are certain characteristics of the markets that take place almost all the time, when the indexes are about to approach an intermediate or long-term top or long term bottom.  In order of importance, this is what you have to look at to identify market tops.

1. Time
2. Sentiment
3. Market Breadth
4. Price  patterns
5. Valuations

• Time Profiles: Major tops/bottom  are made after the markets have been going up/down for an extended  long period of Time. Indian Market follow the 8 year cycle , Major Tops are formed after 8 year, 1992,2000,2008 have been the major tops in Indian market.  We have formed a Major Top is  March 2015 @9119 from where we have corrected till 7400 a correction of almost 20%. Any market which corrects more than 20% is technically in Bear market.  But time alone will not give you the sufficient information you need to identify market tops/bottom. All of the key identities must be in place at or near major market tops/bottom.

Sentiment:

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Determination and Persistence

This is a real life story of engineer John Roebling building the Brooklyn Bridge in New York, USA back in 1870. The bridge was completed in 1883, after 13 years.

---

In 1883, a creative engineer named John Roebling was inspired by an idea to build a spectacular bridge connecting New York with the Long Island. However bridge building experts throughout the world thought that this was an impossible feat and told Roebling to forget the idea. It just could not be done. It was not practical. It had never been done before.
Roebling could not ignore the vision he had in his mind of this bridge. He thought about it all the time and he knew deep in his heart that it could be done. He just had to share the dream with someone else. After much discussion and persuasion he managed to convince his son Washington, an up and coming engineer, that the bridge in fact could be built.
Working together for the first time

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Zee,HUL and JSW Energy Swing Trading Analysis

ZEE

Positional/Swing Traders can use the below mentioned levels

Close above 420 Tgt 430/442

 

Intraday Traders can use the below mentioned levels

Buy above 420 Tgt

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Nifty continue to Hold Shark Pattern,EOD Analysis

• FII's sold 1.4 K contract of Index Future worth 104 cores ,1.8 K Long contract were added by FII's and 3.3 K short contracts were added by FII's. Net Open Interest decreased  by 1.4 K contract, so fall in market was used by FII's to enter long and  enter  shorts in  Index futures.How making a trading plan improves your trading
  

Nifty Shark pattern

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Bank Nifty forms Long Legged DOJI,EOD Analysis

Bank Nifty broke  yesterday  low of 15532 made low of 15453 which was near 15500 as we have been discussing 15550 is strong support based on option analysis. Also Bank nifty has formed an ABCD pattern which did not got invalidated as bank nifty close near that level again

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IRB,Bharat Forge and Petronet Demand and Supply Analysis

Bharat Forge

Positional/Swing Traders can use the below mentioned levels

Holding 801 Tgt 843

 

Intraday Traders can use the below mentioned levels

Buy above 814 Tgt

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Nifty holds on to Shark Pattern,EOD Analysis

• FII's bought 6.2 K contract of Index Future worth 322 cores ,3 K Long contract were added by FII's and 3.2 K short contracts were liquidated by FII's. Net Open Interest decreased  by 230 contract, so fall in market was used by FII's to enter long and  enter shorts in  Index futures.Trade Like a Chameleon
  

Nifty Shark pattern again came to rescue for bulls  as market again made a new low @7425 but still unable to close below 7503. Close below 7503 increases probability of Nifty going towards 7400/7118.Holding the same bounceback till 7610 and above that 7676. Bullish only on close

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Bank Nifty forms DOJI and ABCD pattern,EOD Analysis

• Bank Nifty broken the swing low of 15762 yesterday made low of 15532 which was near 15500 as we have been discussing 15550 is strong support based on option analysis. Also Bank nifty has formed an ABCD pattern which got activated today, close above 15900 can see move towards 16121/16301. Bullish only on close above 16229.  Trade Like a Chameleon

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Trade Like a Chameleon

"For every style of trading there will be a "perfect" market environment. When the market is aligned to the strategy that you are trading, every trade will work itself out smoothly, losses will be far and few between, and you will feel on top of the world as you watch your profits accumulate! ......Sooner or later the market environment will shift, if ever so slightly, and losses will once again begin to appear.....This constant cycle from "zero" to "hero" and back to "zero" is why i believe speculation as a business has such a high failure rate."
This is a subject that you will hear all top traders talk about.
Nifty moved Today 398 Points in 6 hours

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Dabur,Bank Baroda and Tata Chemicals Technical Analysis

Bank Baroda

Positional/Swing Traders can use the below mentioned levels

 Holding 134 Short term target 139/142

 

Intraday Traders can use the below mentioned levels

Buy above 137 Tgt

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Will Nifty invalidate shark pattern ,EOD Analysis

• FII's sold 4.2 K contract of Index Future worth 248 cores ,1.4 K Long contract were added by FII's and 5.6 K short contracts were added by FII's. Net Open Interest increased  by 7.1 K contract, so fall in market was used by FII's to enter long and  enter shorts in  Index futures.Understanding Market Sentiment
  

Nifty Shark pattern again came to rescue for bulls  as market again got sold off trading near 18 months low but still unable to close below 7503. Close below 7503

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Bank Nifty near 18 month low,EOD Analysis

• Bank Nifty got sold off again from gann trendline breaking the previous swing low of 15762 by making a new low of 15700 near the . Generally break of swing low and closing near it can see up move in Bank nifty in near time till 15700 is held. Bullish only on close above 16150.  Understanding Market Sentiment

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Understanding Market Sentiment

Every trader will always have an opinion about the market.
“It’s a bear market, Sell everything”
“I’m pretty bullish on the markets we are nearing bottom.”
Each and every trader will have their own personal explanation as to why the market is moving a certain way.
Most of Traders will ask "Kya Lag Raha hai Market" and everyone will start giving his or her opinion.  But sometimes, no matter how convinced a trader is that the markets will move in a particular direction, and no matter how much market is overbought or oversold the trader may still end up losing.
A trader must realize that the overall market is a combination of all the views, ideas and opinions of all the participants in the market. That’s right

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TCS,Indus Ind and Federal Bank Harmonic Analysis

TCS

Positional/Swing Traders can use the below mentioned levels

Close below 2351 Tgt 2317/2297

 

Intraday Traders can use the below mentioned levels

Buy above 2366 Tgt

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