Bank Nifty Weekly Forecast for Budget 2016

Last Week we gave Chopad Level 14400 Bank Nifty Long initiated  above chopad levels on Monday got stopped out but Longs Triggered as Bank Nifty closed below the chopad levels did  all 3 target by Wednesday .Lets analyze how to trade Bank Nifty in coming Week as we have Union Budget on Monday.  2 Articles which traders should read before trading in Union Budget

Impact of the Union Budget on the Indian Stock Market
Option Trading Strategy for Union Budget 2016

Bank Nifty Hourly

Hourly close above the 34 EMA and channel bottom can trigger rally for

Continue Reading

Nifty Weekly Forecast for Budget 2016

Last Week we gave Chopad Levels  of 7246 , Nifty gave short entry on Monday and did all 3 targets on downside by Wednesday  thus rewarding discipline chopad followers by 200 points. Lets analyses how to trade nifty next week as we have Union Budget on Monday.  2 Articles which traders should read before trading in Union Budget

Impact of the Union Budget on the Indian Stock Market
Option Trading Strategy for Union Budget 2016

Nifty Hourly Chart

Hourly chart trading in channel, Channel will

Continue Reading

Option Trading Strategy for Union Budget 2016

Indian Union Budget will be presented on 29 Feb 2016 , and as discussed in previous post Nifty remains in a wide range so there is  an opportunity to trade in Nifty Options  And the opportunity could turn out to be quite promising.
Which will be market direction post budget we do not know so its  best we take a position that is completely independent of the direction of the market and possibly make money out of it.
Though we don't have an idea of the direction, historically, the maximum change in Nifty from the budget date to the next expiry date is quite decent in either direction. So, we can fairly assume that the move post budget is going to be big as it always is. So lets discuss the Option Strategy

Continue Reading

Nifty Technical Analysis before Budget 2016

• FII's bought 15.4 K contract of Index Future worth 734 cores ,8.4 K Long contract were added by FII's and 7 K short contracts were liquidated by FII's. Net Open Interest increased  by 1.3 K contract, so rise in market was used by FII's to enter  long and  exit shorts in  Index futures. Impact of the Union Budget on the Indian Stock Market
  

As discussed in last analysis Nifty made low of 6961 and closed near 6970, near the gann confluence of trend line and just above the green arc. Holding the same we can see bounce back till 7058/7110. Break of green arc can see nifty moving towards 6830/6800 range. High made

Continue Reading

Bank Nifty Technical Analysis before Budget 2016

•  As discussed in last analysis   Now we have Gann support in range of 13600-13500 range where we can see some bounce back. Bank Nifty made low of 13519 near 13500, near the gann arc and today we saw the bounce back but got resisted at the grey trend line. Now as we have budget on Monday Bank Nifty will see wide range 14272 on upside and 14500 on downside needs to be watched, closing above any one of them can see another 500 points move either side.   Impact of the Union Budget on the Indian Stock Market

Continue Reading

Impact of the Union Budget on the Indian Stock Market

Budget day has been seen as one the The most important trading days in the history of the stock markets.Budget day trading is a Speculator’s delight. Huge swings can be seen in stocks based on how the market perceives what the finance minister just spoke. The reactions are instantaneous when one perceives the huge benefit for the huge disadvantage that comes up due to the addition or removal of some duty.
Union Budget is just 2 days away, Below i have discussed Nifty range from 1999-2014. Maximum Range on Budget day is 346 so big volatile move on cards, so trade cautiously.

Continue Reading

ACC,ICICI Bank and Jet Airways Swing Trading

ICICI Bank

 

Positional/Swing Traders can use the below mentioned levels

Close above 186 Tgt 199

Intraday Traders can use the below mentioned levels

Buy above 185 Tgt

Continue Reading

Nifty near gann support,EOD Analysis

• FII's sold 9.5 K contract of Index Future worth 491 cores ,9.2  K Long contract were added by FII's and 18.8 K short contracts were added by FII's. Net Open Interest increased  by 28.1 K contract, so fall in market was used by FII's to enter  long and  enter shorts in  Index futures. Nifty 50 To Have 51 Securities , First time DVR added
  

As discussed in last analysis Nifty closed below 7058 suggesting we can see down move till 6934/6900 range where we have the next gann arc as shown below , Nifty made

Continue Reading

Bank Nifty does Gann target,EOD Analysis

•  As discussed in last analysis   Now we have Gann support in range of 13600-13500 range where we can see some bounce back. Bank Nifty made low of 13519 near 13500, We have 3 months of Selling in Bank Nifty it has happened 5 times in past as shown in below monthly chart. Every time Bank Nifty has bounced back, so we can expect green march if History has to repeat itself.  Why Trading journal is important for Successful trading

Continue Reading

Why Trading journal is important for Successful trading

Trading is a process of continuous learning. If a trader pays close attention to what was done wrong or could have been done differently in past trades, a trader can greatly improve future performance.
For example, a trader may notice that most of trades done after1:30 gives profit and done between 10-11 Am are generally loss making trades. A trader can avoid doing trades in that period.
In fact, by doing a postmortem on all trades, a trader may be able to work on his trading strategy with high degrees of confidence. A trader must make every effort to limit losing trades and a thorough trade postmortem is an important part of each trade.

The trade postmortem and analysis is the final step in closing out a trade. A trade has not been completed until this vital step has been accomplished.

Continue Reading

Railway Budget 2016 Highlights

Railway Minister : Looking to borrow Rs 20,000 cr this fiscal. Targeting capex of Rs 1.21 lakh cr over FY17.

 

Positive comments on spending front and corridor associated companies like Concor, GDL, Alstom etc. While budget likely to adverse impact fiscal position of Government

 

RAIL BUDGET 2016: Revenues To Be 10% Higher At Rs. 1.84 Lk Cr For FY17.....RAIL BUDGET 2016: Time Tabled Freight Trains By 2020

 

 Will Tap Rupee Bond Market Overseas To Raise Funds

 

* Plan Kharagpur-Vijaywada freight corridor

* Plan Mumbai-Kharagpur freight corridor

 

 

Continue Reading

HDFC and HDFC Bank and Auro Pharma Supply and Demand Analysis

HDFC

Intraday Traders can use the below mentioned levels

Buy above 1031 Tgt

Continue Reading

Nifty breaks demand zone, EOD Analysis for Feb Expiry

• FII's sold 9.5 K contract of Index Future worth 491 cores ,9.2  K Long contract were added by FII's and 18.8 K short contracts were added by FII's. Net Open Interest increased  by 28.1 K contract, so fall in market was used by FII's to enter  long and  enter shorts in  Index futures. Nifty 50 To Have 51 Securities , First time DVR added
  

As discussed in last analysis Bulls needs to hold 7058 on closing basis for some pullback on expiry.Nifty closed below 7058 suggesting we

Continue Reading

Bank Nifty makes new 52 Week Low,EOD Analysis

•  Bank Nifty closed below 14251 and saw the decline and the big move also came which we have discussed here, Gann Arc showed its effect again as Bank nifty unable to cross the gann arc and achieved the target of  13810-13890 and made new 52 week low, Now we have gann support in range of 13600-13500 range where we can see some bounceback.Bullish only on close above 14143.  How to Improve Trading Success

Continue Reading

How to Improve Trading Success

1. Ask yourself do you really want to take trading as a profession

Do not get excited seeing Big Profit shown on Social media by fellow traders. Do not get excited when someone tell you i am having a system which has 80% success ratio. Well all these can be true but the Million Dollar Question, Do you have the right mindset to trade. Are you comfortable seeing Losses, Are You mentally tough.
Before you can develop persistence and eventually achieve success in the tough trading game, you need to first identify if this is truly what you want to do. If you are only doing this for the money then the odds of you making it through the learning process is very slim. You have to be ‘foolish’ enough through your initial losses to believe that you can rise to the top 5% of profitable traders.

Continue Reading

Yes Bank,I Bulls and CESC Harmonic Pattern Analysis

Yes Bank

Intraday Traders can use the below mentioned levels

Buy above 695 Tgt

 

 

Continue Reading

 

 

Nifty corrects from gann arc, EOD Analysis

• FII's bought 4.3 K contract of Index Future worth 216 cores ,5.3  K Long contract were added by FII's and 0.9 K short contracts were added by FII's. Net Open Interest increased  by 4.3 K contract, so fall in market was used by FII's to enter  long and  enter shorts in  Index futures. Nifty 50 To Have 51 Securities , First time DVR added
  

As discussed in last analysis Time Analysis suggests big move is round the corner so be prepared for it. Nifty needs to close above the gann arc as shown below for bulls to take total control. We have highlighted the importance of 7238 in this post . Nifty saw

Continue Reading

Bank Nifty corrects from Gann Arc

•  Bank Nifty closed below 14251 and saw the decline and the big move also came which we have discussed here, Gann Arc showed its effect again as Bank nifty unable to cross the gann arc. Now again the range of 13810-13890 becomes important for coming 2 days.Bullish only on close above 14143.  Nifty 50 To Have 51 Securities , First time DVR added

Continue Reading

Nifty 50 To Have 51 Securities , First time DVR added

The National Stock Exchange on Monday announced a slew of changes to its Nifty50 index.
INDEX CHANGES: Aurobindo Pharma, Bharti Infratel To Be Included In Nifty50
INDEX CHANGES: Cairn India, Vedanta & PNB To Be Excluded From Nifty 50 From April 1
INDEX CHANGES: Eicher Motors, Tata Motors Dvr To Be Included In Nifty 50 From Apr 1

INDEX CHANGES: Nifty 50 Index To Have 51 Securities From April 1;No Name Change

Here are few  things to know about Tata Motors' DVRs:


Continue Reading 

DRL,ITC and BEML MML Analysis

Dr Reddy

Intraday Traders can use the below mentioned levels

Buy above 3130 Tgt

Continue Reading

Bank Nifty Will it close above gann arc,EOD Analysis

• As discussed in last analysis    Bank Nifty closed above 14251 so we can see move towards 14524, High made till now 14467, Mostly 14524 will be done tomorrow. Any move above 14602 will see ban nifty crossing green arc which should again add to bullishness. Green arc  Trading Wisdom From Legend Bruce Kovner

Continue Reading

Nifty struggling near gann arc,Will it break ?

• FII's sold 7.1 K contract of Index Future worth 378 cores ,3.8 K Long contract were added by FII's and 10.9 K short contracts were added by FII's. Net Open Interest increased  by 14.7 K contract, so rise in market was used by FII's to enter  long and  enter shorts in  Index futures. Trading Wisdom From Legend Bruce Kovner
  

As discussed in last analysis Closing above 7151 we will head towards 7238. Nifty made high of 7257 and closed just below 7238. Any close above 7238 can see market moving towards 7325/7400. Range of 7270-7290 is very crucial so this needs to be watched closely in next 2 days, Time Analysis suggests big move is round the corner so be prepared for it. Please do not ask me to tell direction as I do not want my

Continue Reading

Trading Wisdom From Legend Bruce Kovner

Bruce Stanley Kovner  is the founder and Chairman of Caxton Associates, a hedge fund that trades a global macro strategy and is considered amongst the worlds top and largest 10 hedge funds with an estimated $14 billion under management . In March 2011, Kovner had an estimated net worth of around $4.5 billion
On protecting emotional equilibrium:
To this day, when something happens to disturb my emotional equilibrium and my sense of what the world is like, I close out all positions related to that event.
On the first rule of trading:
The first rule of trading — there are probably many first rules — is don’t get caught in a situation in which you can lose a great deal of money for reasons you don’t understand.
On making a million:


Continue Reading

Tata Steel,Biocon and ACC Trendline Analysis

Tata Steel

 

Positional/Swing Traders can use the below mentioned levels

Close above 254 Tgt 267

 

Intraday Traders can use the below mentioned levels

Buy above 254 Tgt

Continue Reading

Bank Nifty Weekly Forecast for Feb Expiry

Last Week we gave Chopad Level 14000 Bank Nifty short initiated  below chopad levels on Wednesday got stopped out but Longs Triggered did 2 target by Friday .Lets analyze how to trade Bank Nifty in coming Expiry  week.

Bank Nifty Hourly

As discussed last week Now in coming week 14216 needs to be watched which is 270 degree, closing above it can see move towards 14500/14800.
Bank Nifty made high of 14602,  Now in coming week 14400 should be watched closing above it can see Bank Nifty towards 14978 which is 180 degree gann angle, Unable to do so back to 14000/13800.

Bank Nifty Harmonic

Continue Reading

Nifty Weekly Forecast for Feb Expiry

Last Week we gave Chopad Levels  of 7035 , Nifty gave short entry on Wednesday and did all 1 targets on downside and gave Long Entry again on Wednesday  which did 2 target on Upside and closed near the high point of the week thus rewarding discipline chopad followers by 200 points. Lets analyses how to trade nifty next week as we have Feb Expiry

Nifty Hourly Chart

Hourly chart are trading near 225 degree gann angle @7280 Range of 7240-7290 is very crucial test for both Bulls and Bears. Above it can see fast move till

Continue Reading

How to Use Moving Averages Part -I

Introduction
The Moving Average is one of the classical and most reliable tool for technical  analysis.A Moving Average is an indicator that shows the average value of a security's price over a period of time. When calculating a moving average, a mathematical analysis of the security's average value over a predetermined time period is made. As the security's price changes, its average price moves up or down. Moving averages can be calculated on any data series including a security's open, high, low, close, volume, or another indicator. The critical element in a moving average is the number of time periods used in calculating the average. The key is to find a moving average that will be consistently profitable.
There are two popular types of moving averages:

1. Simple Moving Average (SMA)
2. Exponential Moving Average (EMA)

The only significant difference between the EMA and SMA is the weight assigned to the most recent data.

• Simple moving averages apply equal weight to the prices.
• Exponential moving averages apply more weight to recent prices.

Continue Reading

Bank Nifty ready for big move,EOD Analysis

• Bank Nifty closed above 14251 made high of 14395 and still pending towards the move till 14524, Weekly close above 14251 is bullish signal for short term. Close below 14251 will again increase probability of move towards 13890/13810, As per time analysis we should see big move in next 2 days. How Reaction vs. Response can change your trading

Continue Reading

Nifty ready for big move,EOD Analysis

• FII's sold 16.7 K contract of Index Future worth 846 cores ,11.9 K Long contract were liquidated by FII's and 4.7 K short contracts were added by FII's. Net Open Interest increased  by 7.1 K contract, so rise in market was used by FII's to exit long and  enter shorts in  Index futures.How Reaction vs. Response can change your trading
  

As discussed in last analysis Closing above 7151 we will head towards 7238. Low made was 7146 and nifty made high of 7226 both low and high near the harmonic

Continue Reading

Bank Nifty ready for big move,EOD Analysis

• Bank Nifty closed above 14251 made high of 14395 and still pending towards the move till 14524, Weekly close above 14251 is bullish signal for short term. Close below 14251 will again increase probability of move towards 13890/13810, As per time analysis we should see big move in next 2 days. How Reaction vs. Response can change your trading

Continue Reading

How Reaction vs. Response can change your trading

Suddenly, a cockroach flew from somewhere and sat on her. I wondered if this was the cockroach’s response to all the glory that was spoken about it! She started screaming out of fear. With panic stricken face and trembling voice, she started doing jumping, with both her hands desperately trying to get rid of the cockroach. Her reaction was contagious, as everyone in her group got cranky to what was happening. The lady finally managed to push the cockroach to another lady in the group. Now, it was the turn of the other lady in the group to continue the drama. The waiter rushed forward to their rescue. In the relay of throwing, the cockroach next fell upon the waiter. The waiter stood firm, composed himself and observed the behavior of the cockroach on his shirt. When he was confident enough,he grabbed and threw it out with his fingers.

Continue Reading

ONGC,HUL and Sun Pharma Supply Demand Analysis

ONGC

Positional/Swing Traders can use the below mentioned levels

Close above 210 Tgt 215/220

 

Intraday Traders can use the below mentioned levels

Buy above 210 Tgt

Continue Reading

Nifty close above 7151,EOD Analysis

• FII's bought 8.4 K contract of Index Future worth 442 cores ,26.7 K Long contract were added by FII's and 18.3 K short contracts were added by FII's. Net Open Interest increased  by 45 K contract, so rise in market was used by FII's to enter  long and  enter shorts in  Index futures. Ingredient to become great trader
  

Closing above 7151 we will head towards 7238. Close above 7238 on Weekly Basi

Continue Reading

Bank Nifty close above 14251,EOD Analysis

• As discussed in last analysis    Also Black Swan Harmonic pattern will again get activated above 14251 for target of 14524/14724. Bank Nifty closed above 14251 so we can see move towards 14524, Weekly close above 14524 will be bullish signal for short term. Close below 14251 will again increse probality of move towards 13890/13810 Ingredient to become great trader

Continue Reading

Ingredient to become great trader

I receive many mails stating "Bramesh Sir, The performance sheet you give for Intraday and Positional trades do not match with our trading sheet, Sometimes our profit are less than your sheet but overall we are in profit."
I totally agree with the fellow reader that performance will change from trader to trader. It depends on various factor mostly related to psychology of a trader and more importantly the trust on the trading system. A successful trader is master of his trading system he follow and has complete trust and faith in it. There will be time that multiple times your stop loss can get triggered but  trust remains intact and this trust does not build overnight but takes years of hard work. To cut long thing short   Let me discuss few important points which will help my readers in reaching the epitome of trading success.

• Patience

 “The waiting is the hardest part” – Tom Petty

Continue Reading

Ingredient to become great trader

I receive many mails stating "Bramesh Sir, The performance sheet you give for Intraday and Positional trades do not match with our trading sheet, Sometimes our profit are less than your sheet but overall we are in profit."
I totally agree with the fellow reader that performance will change from trader to trader. It depends on various factor mostly related to psychology of a trader and more importantly the trust on the trading system. A successful trader is master of his trading system he follow and has complete trust and faith in it. There will be time that multiple times your stop loss can get triggered but  trust remains intact and this trust does not build overnight but takes years of hard work. To cut long thing short   Let me discuss few important points which will help my readers in reaching the epitome of trading success.

• Patience

 “The waiting is the hardest part” – Tom Petty

Continue Reading

Dish TV,Just Dial and ICICI Bank Harmonic Analysis

Dish TV

Positional/Swing Traders can use the below mentioned levels

Close above 73 Tgt 76/81

 

Intraday Traders can use the below mentioned levels

Buy above 72.5 Tgt

Continue Reading

Nifty forming last leg of BAT pattern,EOD Analysis

• As discussed in Last Analysis   Till it close above 7043 again we can see move till 7151/7238, below 7043 back to 6950/6900 range. Nifty made low of 7960 below 7043 and once it moved above 7043 in afternoon session made high of 7123, and today should do 7151 also, so Black Swan Harmonic pattern again helped us above 7043. Nifty is also forming the 4 leg of BAT pattern to complete Nifty should move towards above 7238 towards 7350/7589. Closing above 7151 we will head towards 7238. Close above 7238 on Weekly Basis will be very bullish as per gann and we can head all the way towards 7600.  Bank Nifty forming last leg of BAT pattern,EOD Analysis

Continue Reading

Bank Nifty forming last leg of BAT pattern,EOD Analysis

• As discussed in last analysis   Below 14150 we can see move back till 13971/13810. Low made today was 13892, Todays low is very important as it completed the 3 leg of BAT pattern and now holding the same we are heading towards the final leg of BAT pattern which comes near 14953/15181. Also Black Swan Harmonic pattern will again get activated above 14251 for target of 14524/14724. Break of 13810 will invalidate both the patterns.  The Training of a stock trader

Continue Reading

The Training of a stock trader

“The physician has to spend long years learning anatomy, physiology, materia medica and collateral subjects by the dozen.
“He learns the theory and then proceeds to devote his life to the practice. He observes and classifies all sorts of pathological phenomena. He learns to diagnose. If his diagnosis is correct – and that depends upon the accuracy of his observation – he ought to do pretty well in his prognosis, always keeping in mind, of course, that human fallibility and the utterly unforeseen will keep him from scoring 100 percent of bull’s-eyes.
And then, as he gains in experience, he learns not only to do the right thing but to do it instantly, so that many people will think he does it instinctively. It really isn’t automatism. It is that he has diagnosed the case according to his observations of such cases during a period of many years; and, naturally, after he has diagnosed it, he can only treat it in the way that experience has taught him is the proper treatment.”
“You can transmit knowledge-that is

Continue Reading

ZEE,BPCL and STAR Swing Trading Analysis

Zee Limited

Positional/Swing Traders can use the below mentioned levels

Close above 364 Tgt 369/377/385

 

Intraday Traders can use the below mentioned levels

Buy above 364

Continue Reading

Nifty moves from supply zone to demand zone,EOD Analysis

• FII's bought 18.8 K contract of Index Future worth 1030 cores ,18.5 K Long contract were added by FII's and 342 short contracts were covered by FII's. Net Open Interest increased  by 18.1 K contract, so fall in market was used by FII's to enter  long and  exit shorts in  Index futures. What Constitutes 80% Of Trading
  

As discussed in Last Analysis   Till 7151 is held on closing basis we are heading towards 7238.Support at 7043. Nifty opened with gap up touched the high of 7204 and fall down to break 7151, and saw the big fall till our support of 7043, closed above it. Till it close above

Continue Reading

Bank Nifty reacts for supply zone,EOD Analysis

• As discussed in last analysis    Also Weekly Analysis  Black Swan harmonic pattern which got completed at 13810 and we saw the expected rally above 14150.We need to close above 14524 for next move towards 14745/14965. Bank Nifty made high of 14600 and saw immediate selling pressure and closed just above 14150, till we close above 14150 we can see move till 14524/14745. Below 14150 we can see move back till 13971/13810.  What Constitutes 80% Of Trading

Continue Reading

What Constitutes 80% Of Trading

80% of trading is behavioral, maybe only 20% is based on the other things that a trader does. Like much of personal finance it is not the math but the behavior that makes all the difference. Most people’s problem with being broke does not lie in their budget it is due to their behavior of spending too much money because they lack self control. The inability to say no to yourself in the present is what leads to most of the problems that we encounter at a future time. You can’t out earn stupid and you can’t budget away a lack of self control or work ethic. The same applies to trading.

Continue Reading

BE WARY OF PSU BANKS

We are reproducing article written by well-known Uma Shashikant in TOI:

 

There is a common disease among investors. They love to cast themselves in the same mould as Warren Buffet. They are forever asking if there is a bargain in buying stocks that have been hammered down. This tactic is not very different from buying in a bull market, hoping to find a bigger fool who will pay more. In bear markets, investors feel prices have fallen so much that they have to go up. Those afflicted by this disease are now eyeing PSU bank stocks. Let me ask them to think before they jump in.

 

 

 

Banking business is about raising deposits and making loans and PSU banks have made a mess of the quality of their loans.Their CORE product has turned out to be defective. PROFITS thus are under strain andmore efficient competition is running away with market shares. It is difficult to see where the fundamental merit lies in picking up PSU Bank stocks.

 

Some investors will point to future growth potential. History is usually the rear-view mirror. Upto 2007, competition from young private sector banks was not as tough.

Continue Reading

Nifty Did 1 target of Black Swan Harmonic Pattern,EOD Analysis

• FII's bought 17.7 K contract of Index Future worth 915 cores ,11 K Long contract were added by FII's and 6.6 K short contracts were covered by FII's. Net Open Interest increased  by 4.3 K contract, so rise in market was used by FII's to enter  long and  exit shorts in  Index futures. Why Most Traders Fail
  

As discussed in Last Analysis    Nifty took support at 7860 made low of 6869 and jumped almost 150 points from the low, Also Weekly chart bounced from 200 W SMA and formed near the gann trendline, holding the same we can see bounce till 7150/7300 range, Also Weekly Analysis  we have

Continue Reading

Bank Nifty Did 2 target of Black Swan Harmonic Pattern,EOD Analysis

As discussed in last analysis   Nifty continued with the fall and closed near its 200 W SMA also forming a Hammer candlestick near the gann arc, suggesting we are near bottom for the time being. Bulls need to close above 14338. Till it do not close above 14338 any rise will be short covering rally if and when it comes.  Market obliged us and gave the much expected rally in style with Bank Nifty up more than 500 points, If plan is ready we just need to execute it keeping risk to reward in mind  Also Weekly Analysis  Black Swan harmonic pattern which got completed at 13810 and we saw the expected rally above 14150.We need to close above

Continue Reading

Why Most Traders Fail

Failure is part and parcel of trading but till a certain limit. At first if you don't succeed, try, try again. And when you fail as a trader repeatedly fail and bust your trading account, is it's wise to continue trading ?
Long ago psychologists mapped out something called the inverted U theory of stress and performance. The impact of stress depends on the difficulty of the task you are trying to perform. If a task is relatively easy, a little bit of stressful arousal can enhance performance. But if the task is difficult, even a little bit of stressful arousal can impede performance.
When a task is difficult like trading , High stress can lead to frustration, anger, or despair.Think about the time you lost 20% of your capital in single trade. You were in Stress to recover the lost amount and get back your trading account to breakeven. This additional stress further deitroates your performance as you indulge in High Risk trade and eventually increase your loss.
Trading is hard. It requires lots

Continue Reading

Arvind,I Bulls and HDFC Bank Technical Levels

Arvind

Positional/Swing Traders can use the below mentioned levels

Close above 275  Tgt 288

 

Intraday Traders can use the below mentioned levels

Buy above 276 Tgt

Continue Reading

Bank Nifty forms Bearish Engulfing, Weekly Forecast

Last Week we gave Chopad Level 15170 Bank Nifty short initiated  below chopad levels on Monday   did all target in downside by Tuesday.Lets analyze how to trade Bank Nifty in coming week.

Bank Nifty Hourly

As discussed last week
Bank Nifty broke the 180 degree support and quickly saw fall till 225, did not close below the support and again gave the recovery, and heading towards 180 @15300/15373.
High made on 15367 exactly near 180 degree than saw the fall and bank nifty broke 225/270 degree by the end of the week, Now in coming week 14216 needs to be watched which is 270 degree, closing above it can see move towards 14500/14800.

Bank Nifty Harmonic

Continue Reading

Nifty weekly Forecast after Worst fall in 7 Years

Last Week we gave Chopad Levels  of 7455 , Nifty gave short entry on Monday  and did all 3 targets by Wednesday thus rewarding discipline chopad followers by 175 points in matter of 3 trading sessions, Nifty was unable to close above the Chopad level of 7455 throughout the week. Nifty had the worst weekly fall in past 6 years and almost corrected 24 % from the  high of 9119. Lets analyses how to trade nifty next week.

Nifty Hourly Chart

Hourly chart are trading in perfect channel as shown in above chart, so holding 6869 we can see bounceback till 7150/7250.

Nifty Harmonic

Continue Reading

Nifty bounce from gann trendline, demand zone,EOD Analysis

• FII's bought 15.6 K contract of Index Future worth 883 cores ,15.1 K Long contract were added by FII's and 0.5 K short contracts were covered by FII's. Net Open Interest increased  by 14.5 K contract, so fall in market was used by FII's to enter  long and  enter  shorts in  Index futures. Finding a 100 Percent Accurate Trading System
  

As discussed in Last Analysis   Now we are near 200 W SMA which we last touched on 25 Aug 2013 but we never closed below it, If Nifty has to maintain bullish undertone it need to close above 7100 tomorrow, else we are heading towards 6830-6860 zone where next levels of support lies. Nifty took support at 7860 made low of 7869 and jumped almost 150 points from the low, Also

Continue Reading

Bank Nifty forms Hammer near gann arc,EOD Analysis

• As discussed in last analysis  Now Bank Nifty is near its 200 W SMA, which if broken on weekly closing basis can see Bank nifty declining all the way till 12500-12800. Next demand zone lies 13600. Nifty continued with the fall and closed near its 200 W SMA also forming a Hammer candlestick near the gann arc, suggesting we are near bottom for the time being. Bulls need to close above 14338. Till it do not close above 14338 any rise will be short covering rally if and when it comes.  Finding a 100 Percent Accurate Trading System

Continue Reading

Larry Williams OOPS System for Swing Trading

Today lets discuss stock market trading systems called larry williams  OOPS trading System which can be used for pattern applicable on ALL time frames, 1 minute, 5 minutes, hourly, daily, weekly, monthly or yearly stock market trading systems
History:
Back in 1979 Larry Williams published a description of a short-term trading method that is based on a pattern observed often in markets. The OOPS signal is a gap trading method that fades the direction of the opening gap. It is named thus, according to Williams, because when a broker would report to his clients that they were stopped out, he would call them and say, "Oops, we lost."
OOPS BUY
a) If you are watching daily charts, the first condition is that there has to be a SUSTAINED downtrend for a few trading sessions.I mean few Red Candles

Continue Reading

Finding a 100 Percent Accurate Trading System

During my interaction with traders during my trading course,I came to know most of traders who loose money will keep changing their trading system the day it give them a loss. Till its milking money traders stick to it, but if 2-3 trades goes wrong they will keep the trading system on back burner and start searching for new one.

 

This whole attitude of changing the trading system is one of the biggest mistake of traders.

 

Traders will search through trading forums to find the next best trading system which will help them in earning profit they seek. Trader will try the new system again for few weeks and again once the system give 1-2 loss making trades , the system will be dumped and search for "next best trading system or trading indicator" will begin and the same never ending cycle will keep going on and on.

 

To stop falling in trap of such vicious cycle, Trader need to let go of the thought there is a "Holy Grail" system or a fool proof trading method which will win 100% of time. "Holy Grail" system has never exited till date and it will never exit. Now when u try to explain this to trader, 50% still do not believe me.

Continue Reading

M&M,Canara Bank and HPCL Gunner Analysis

Canara Bank

 

Intraday Traders can use the below mentioned levels

Buy above 174 Tgt

Continue Reading