Tuesday, May 31

Nifty Monthly for Three White Soldiers pattern,EOD Analysis

FII
  • FII's bought 9.8 K contract of Index Future worth 598 cores ,1.3 K Long contract were added by FII's and 8.4 K short contracts were liquidated by FII's. Net Open Interest decreased  by 7 K contract, so fall in market was used by FII's to enter long and exit shorts  in  Index futures.Trading Wisdom by George Soros What is the main Reason for Your Trading Loss, We are running POLL on Twitter Please participate
As discussed 27 April Analysis Bulls need a close above 7972 for next move till 8100/8250 Zone, High made was 8210 today so as soon as we saw close above 7972 we did the target as per GANN Cycle, Now for the June month as per Gann Analysis weekly close above 8210 we can see move towards 8577. Bearish only on close below 7972. As discussed in Yesterday Analysis  8210-8241
Continue Reading

Bank Nifty continue to trade below Gann Arc,EOD Analysis

  • As discussed in last analysis  Next move will only happen on close above 17700 for move towards 18000. Bearish on close below 17000. Range of 17500-17650 is important supply zone. High made today was 17648 at gann arc ,corrected all the way till 17462. Bulls need a close above 17670 for next move till 18000 and bears will get active only on close below 17077.   Trading Wisdom by George Soros What is the main Reason for Your Trading Loss, We are running POLL on Twitter Please participate
Continue Reading

Trading Wisdom by George Soros

On September 16, 1992 – later dubbed “Black Wednesday” — the day the  British government abandoned the European Exchange Rate Mechanism (ERM), and the pound was devalued by 20% George Soros made over $1.2 billion  on his short sterling trade  and was dubbed  “The Man Who Broke the Bank of England.”  Soros funds management has returned about 20 percent a year, on average, since 1969. These are amazing results, and some of the best ever achieved. Many of the years he was personally running it he had 30% returns and two years returned an amazing 100%.
https://www.opensocietyfoundations.org/sites/default/files/photos/george-soros-square.jpg

Continue Reading

Chinese Stock Futures Down by 10% Limit

Chinese stock-index futures plunged by the daily limit before snapping back in less than a minute, the second sudden swing to rattle traders this month.
Contracts on the CSI 300 Index dropped as much as 10 percent at 10:42 a.m. local time, recovering almost all of the losses in the same minute. More than 1,500 June contracts changed hands in that period, the most all day, according to data compiled by Bloomberg. The China Financial Futures Exchange is investigating the tumble, said people familiar with the matter, who asked not to be named because they aren’t authorized to speak publicly.

Continue Reading

Tata Power SKS and HZL Supply Demand Analysis

TATA Power

Tata Power

Positional Traders can use the below mentioned levels

Close above 77 Tgt 81

Intraday Traders can use the below mentioned levels

Buy above 76 Tgt



Continue Reading

Monday, May 30

Nifty nearing PRZ of ABCD pattern,EOD Analysis

FII
  • FII's bought 9.1 K contract of Index Future worth 555 cores ,11.4 K Long contract were added by FII's and 2.2 K short contracts were added by FII's. Net Open Interest increased  by 13.7 K contract, so rise in market was used by FII's to enter long and enter  shorts  in  Index futures.When Trading, You Are Your Own Worst Enemy What is the main Reason for Your Trading Loss, We are running POLL on Twitter Please participate
As discussed in last analysis Nifty continued with its impulsive move, another century, Now longs needs to be cautious in range of 8220-8251 where we have supply zone before marching towards 8336.Bearish only on close below 7972. Zone of 8210-8241 is crucial as its a supply zone and also

Continue Reading

Bank Nifty reacts from Supply zone,EOD Analysis

  • As discussed in last analysis  Next move will only happen on close above 17700 for move towards 18000. Bearish on close below 17000. Range of 17500-17650 is important supply zone. High made today was 17666 at gann arc ,corrected all the way till 17484. Bulls need a close above 17670 for next mvoe till 18000 and bears will get active only on close below 17077.  When Trading, You Are Your Own Worst Enemy What is the main Reason for Your Trading Loss, We are running POLL on Twitter Please participate
gann arc supply zone

Continue Reading

When Trading, You Are Your Own Worst Enemy

If you are a LOSS making trader, Answer the below question to yourself Honestly.
What is the main Reason for Your Trading Loss, We are running POLL on Twitter Please participate
  • Unable to Understand Market Trend as it moves from Sideways to Trending or

  • Is it your system or strategy? You are not having the Right Strategy and Losing

  • You -- By repeating the same mistakes again and again

As per my experience with trading over
Continue Reading

Stocks on Verge of Breakout:DLF SBI Siemens

DLF

DLF


Close above 131 Tgt 136/139/144

Intraday Traders can use the below mentioned levels

Buy above 131 Tgt


Continue Reading

Bank Nifty heading towards 18000, Weekly Forecast

Last Week we gave Chopad Level 16650 Bank Nifty gave Short  entry on Monday High made 16604 and did 1 target on downside  and opened big gap up on Wednesday low made was 16599 just near our chopad levels and just zoomed up 700 points in 3 trading session  Lets analyses how to trade Bank nifty in coming week.


Bank Nifty Hourly

Bank Nifty Hourly

Coming week, support at 17000 resistance at 18000 as per pyrapoint.

Bank Nifty Harmonic


Continue Reading

Sunday, May 29

Nifty does a weekly closing above 7972, Weekly Forecast


Last Week we gave Chopad Levels  of 7777 , Nifty gave Short entry on Monday did not achieve the target and Nifty opened above 7777 and Long taken were rewarded handsomely doing all 3 target. Lets analyses how to trade nifty in coming week after 5% move in previous week. Market can consolidate for a while to catch breath in coming week

Nifty Hourly Chart

NIFTY - Pyrapoint




Continue Reading

Bank Nifty does 17500,EOD Analysis

As discussed in last analysis  Now we need close above 17067  and gann Horizontal trendline for next move towards 17400, Support at 16792-16800. 17400 also done,Next move will only happen on close above 17700 for move towards 18000. Bearish on close below 17000. Range of 17500-17650 is important supply zone  The Wilma Rudolph Story
Continue Reading

Nifty nearing supply zone of 8220-8250,EOD Analysis

  • FII's bought 36.2 K contract of Index Future worth 2162 cores ,32.3 K Long contract were added by FII's and 3.8 K short contracts were liquidated by FII's. Net Open Interest increased  by 28.5 K contract, so rise in market was used by FII's to enter long and exit shorts  in  Index futures.The Wilma Rudolph Story
As discussed in last analysis Today close above 7972 is quiet significant as per gann analysis and we can see a move towards 8336 in coming few weeks, till we close above 7972.Time correction once come to end lead to such impulsive move, Nifty has move 335 points in just 2 trading session.Continue Reading

Friday, May 27

The Wilma Rudolph Story

Wilma Rudolph was born into a poor home in Tennessee. At age four, she had double pneumonia with scarlet fever, a deadly combination which left her paralysed with polio. She had to wear a brace and the doctor said she would never put her foot on the earth. But her mother encouraged her; she told Wilma that with God-given ability, persistence and faith she could do anything she wanted. Wilma said, "I want to be the fastest woman on the track on this earth."
At the age of nine, against the advice of the doctors, she removed the brace and took the first step the doctors had said she never would. At the age of 13, she entered her first race and came way, way last. And then she entered her second, and third and fourth and came way, way last until a day came when she came in first.
At the age of 15 she went to Tennessee State University
Continue Reading

Breakout Stocks: SBI VEDL and BHEL

SBI

SBI

 

Close above 188 Tgt 199

Intraday Traders can use the below mentioned levels

Buy above 186 Tgt


Continue Reading

Thursday, May 26

Nifty long term trend change with close above 7972,EOD Analysis

FII
As discussed in last analysis  Bulls need a close above 7995 for next move till 8116. High made today was 8083, and till we held to 7995 we can move towards 8116. Time correction once come to end lead to such impulsive move, Nifty has move 335 points in just 2 trading session. Hopefully reader of blog were not caught on the wrong side and would have made money. Today close above 7972 is quiet significant as

Continue Reading

Bank Nifty does 1000 points in 2 days from gann trendline,EOD Analysis

As discussed in last analysis   Now we need close above 17067  and gann Horizontal trendline for next move towards 17400, Support at 16792-16800. High made today was 17424 Bank nifty showed an impulsive move above 17067 and did 17367 in matter of hours, this is what happens once we complete time correction. Now Bulls would like to have weekly close above 17400 for next move towards 17650/18000. Bears will have chance only below 17050.  Benefits of Making a Trading Plan
Continue Reading

Benefits of Making a Trading Plan

I always suggests trader to create a trading plan before markets opens and strictly execute the trades as per the plan. Its a well know adage Plan the trade and Trade the plan.Most of traders trade impulsively in trading,without any plan, they go as per there intuition and end result is losses. I have written many post on how to make trading plan and we cover the same exclusively in our trading course.
Today lets discuss 3 benefits of making and executing a proper trading plan.
  1. Increased Confidence

  2. Consistent Account Growth

  3. Avoiding Account Blow-Up

Increased Confidence
One of the positive side effects of having a
Continue Reading

SKS Micro IBR and Havells Darvas Box Analysis

SKS MICRO

sks Micro

Intraday Traders can use the below mentioned levels

Buy above 623.5 Tgt


Continue Reading

Wednesday, May 25

Bank Nifty Bulls reacts from gann trendline,EOD Analysis

  • As discussed in last analysis  Low made today was 16368 so 16350 was not broken and high made was 16501  and we closed above 16431, so bulls have upper hand now and above 16500 can take index to 16734/16792. Bank Nifty opened above 16600 , we got indication yesterday with close above 16431 and respecting the gann trendline and we 16792 and closed above 16792. Now we need close above 17067  and gann Horizontal trendline for next move towards 17400, Support at 16792-16800.   Ways to Improve Discipline in Trading
suppot and bounce


Continue Reading

Nifty completes time correction,EOD Analysis

FII
  • FII's bought 58.2 K contract of Index Future worth 3343 cores ,69.9 K Long contract were added by FII's and 11.7 K short contracts were added by FII's. Net Open Interest increased  by 81.7 K contract, so rise in market was used by FII's to enter long and enter shorts  in  Index futures.Trading Psychology Quotes that can Improve your trading
As discussed in last analysis  Nifty made low of 7716 just tad below 7720 and quickly recovered but still unable to close above 7777, expect impulsive move in next 2 trading session.Break of 7777 can see move above 7834/7860.  As per classical
Continue Reading

Trading Psychology Quotes that can Improve your trading

Psychology matters more to trading or investing than perhaps any other income-producing activity. Here are some quotable quotes from some well known industry participants highlighting that reality…
Anyone who claims to be intrigued by the “intellectual challenge of the markets” is not a trader. The markets are as intellectually challenging as a fistfight. Ultimately, trading is an exercise in self-mastery and endurance.
Ralph Vince (money management expert)
The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading.
Victor Sperandeo 
Just remember, without discipline, a clear strategy, and a concise plan, the speculator will fall into all the emotional pitfalls of the market – jump from one stock to another, hold a losing position too long, and cut out of a winner too soon, for no reason other than fear of losing profit. Greed, Fear, Impatience, Ignorance, and Hope will all fight for mental dominance over the speculator. Then, after a few failures and catastrophes the speculator may become demoralised, depressed, despondent, and abandon the market and the chance to make a fortune from what the market has to offer.
Jesse Livermore

Continue Reading

Day Trading Technical Analysis : CIPLA Axis Bank and Century

CIPLA
CIPLA

Intraday Traders can use the below mentioned levels

Buy above 488 Tgt


Continue Reading

Tuesday, May 24

Nifty bulls protect 7720,EOD Analysis

FII
  • FII's sold 6.6 K contract of Index Future worth 373 cores ,9.3 K Long contract were added by FII's and 15.9 K short contracts were added by FII's. Net Open Interest increased  by 25.2 K contract, so rise in market was used by FII's to enter long and enter shorts  in  Index futures.Ways to Improve Discipline in Trading
As discussed in last analysis Break of 7720 tomorrow can see nifty moving towards 7678 and break above 7777 again a move towards 7834. Nifty made low of 7716 just tad below 7720 and quickly recovered but still unable to close above 7777, expect impulsive move in next
Continue Reading

Bank Nifty Bulls protects 16350,EOD Analysis

  • As discussed in last analysis If we close below 16349 tomorrow we can fall till 16000 till expiry, Bullish only on close above 16431. Low made today was 16368 so 16350 was not broken and high made was 16501  and we closed above 16431, so bulls have upper hand now and above 16500 can take index to 16734/16792.  Ways to Improve Discipline in Trading
Daily Gunner

Continue Reading

Ways to Improve Discipline in Trading

Its an well known fact 90% of traders lose money and one of the reason for Losing is not having discipline in their trading. Many trader will say only people having insider Info,knowing a holy grail trading system,FII etc can make money. The fact is anyone can make money if he follows his trading plan with discipline. The truth is, self-discipline is a learned skill, not an innate characteristic.

Only way to improve your self-discipline is through dedicated practice.Any Change is difficult and it takes time but with dedication and persistence it can be achieved and you can see dramatic improvement in your trading.
How to  increase your Trading discipline:
Know Your Weaknesses If you know neither the enemy nor yourself, you will succumb in every battle. This is the problem with most of the traders
Continue Reading

Monday, May 23

Nifty continues to trade below 7777,EOD Analysis

FII
  • FII's bought 6 K contract of Index Future worth 325 cores ,9.6 K Long contract were added by FII's and 3.6 K short contracts were added by FII's. Net Open Interest increased  by 13.3 K contract, so fall in market was used by FII's to enter long and enter shorts  in  Index futures.How trading brain Works ?
As discussed in last analysis Close below 7777  can see nifty going till 7678/7546 in coming session If we move above 7777, again we can move above 7834 Nifty opened with gap up made high of 7820 and started drifting down, Bears became active once 7777


Continue Reading

Will Bank Nifty break 16350,EOD Analysis

As discussed in last analysis   As we have gann trendline also near 16500, so need to be extra cautious in coming week as if 16500 get broken we can see quick downfall till 16300-16250. Bullish only on close above 16792.  we need to see a follow up down move on Monday below 16431 for a fall till 16349/16200. Low made today was 16368 almost doing 16349, If we close below 16349 tommorw we can fall till 16000 till expiry, BUllish only on close above 16431.How trading brain Works ?

Continue Reading

How trading brain Works ?

Many readers have asked me the following question:
“what we are watching and what we are doing is totally opposite ?”
"What we would like to act and trade  and we do something reverse than that as soon as we see the trading terminal! "
"I do plan ,than trade but anyhow it goes unfollowed unknowingly !"
This is a common phenomenon in the loss making traders and let me elaborate what causes this problem and how can one avoid it.
Most traders spend a large amount of time fighting themselves on the path to trading success, often without fully realising what it is they are fighting against.
So what are we fighting against

Continue Reading

Just Dial ITC and Cipla Supply Demand Analysis

Just Dial

 Just Dial

Positional/Swing Traders can use the below mentioned levels

Close above 768 Tgt 823

Intraday Traders can use the below mentioned levels

Buy above 768 Tgt


Continue Reading

Sunday, May 22

Bank Nifty close below 16500,Weekly Forecast

Last Week we gave Chopad Level 16650 Bank Nifty gave Long/Short  entry on Monday and did all 2 target on upside and 1 target on downside thus rewarding discipline chopad followers by 350 points. Lets analyses how to trade Bank nifty in coming expiry week.


Bank Nifty Hourly

gann circle

 Coming week, break of 16500 can see move towards 16245/16100. Bullish only above 16792 for 17000/17200.

Bank Nifty Harmonic


Continue Reading

Nifty close below 7850 and 7777,Weekly Forecast

Last Week we gave Chopad Levels  of 7777 , Nifty gave Long entry on Monday did 2 target on upside by Tuesday. Lets analyses how to trade nifty in coming expiry week, We have 2 down weeks and 1 up week in May as of today.

Nifty Hourly Chart

nifty hourly
As discussed in last analysis  I have drawn Angle Wedge chart on HOurly chart which suggest support is range of 7777-7740 and below that can see fast fall till 7600, Bullish till we held on to 7800 for move till 7921-7950.
Low made on MOnday was 7772..
Continue Reading

Nifty close below 7777,EOD Analysis

FII
  • FII's sold 751 contract of Index Future worth 44.9 cores ,4.1 K Long contract were liquidated by FII's and 3.3 K short contracts were liquidated by FII's. Net Open Interest decreased  by 7.5 K contract, so fall in market was used by FII's to exit long and shorts  in  Index futures.Impossible Is Nothing
As discussed in last analysis Close below 7777  can see nifty going till 7678/7546 in coming session, We got the close below 7777, and also close
Continue Reading

Saturday, May 21

Bank Nifty close below 16500,EOD Analysis

As discussed in last analysis   As we have gann trendline also near 16500, so need to be extra cautious in coming week as if 16500 get broken we can see quick downfall till 16300-16250. Bullish only on close above 16792. We closed below 16500, fall was seen in last 30 minutes of trade, so we need to see a follow up down move on Monday below 16431 for a fall till 16349/16200. Unable to close below 16431 we can bounce back again towards 16734. So 16431 levels on downside and 16734 on upside needs to be closely watched in expiry week.Impossible Is Nothing
Continue Reading

Impossible Is Nothing

Take a certain goal of yours and double it. Or triple it. Or multiply it by 10. And then ask yourself, quite seriously, what you would have to do to achieve that new goal.
I used this game recently with a friend who holds a position in sales. He came to see me because he was selling $100,000 worth of product each month, the most on his team, and wanted to somehow get to %140,000.
I asked him to tell me what is would take for him to sell $200,000 worth of equipment each month. "2000,000!" he shouted. "That's impossible. I'm leading the team already with $100,000, and nobody thought that could be done."
"What would have to do?" I persisted.

Continue Reading

Friday, May 20

Century Textile Ambuja Cement and Bata India Chart Pattern

Century Textile

Century Textile

Positional/Swing Traders can use the below mentioned levels

Close above 597 Tgt 610/623

Intraday Traders can use the below mentioned levels

Buy above 594 Tgt


Nifty near gann trendline,EOD Analysis

As we have been discussing about Time correction (Where Price remains in a small range over a period of time) in past few analysis, Nifty closed on 02 May @7805 and today close was 7783 so we have moved just 22 points in last 13 trading sessions. We are again near to gann trendline as shown in chart below, holding the same bounceback till 7900. Break below the same and close below 7777  can see nifty going till 7678/7546 in coming session Its one of the difficult phases for trend followers as market moving in no clear trend but such phases makes a trader strong both emotionally and mentally, traders who pass such phases without much loss of capital will be rewarded handsomely by market in coming time. Best way to trade

Continue Reading

Bank Nifty move 22 points in 13 trading session,EOD Analysis

As discussed in last analysis   As we have gann trendline also near 16500, so need to be extra cautious in coming week as if 16500 get broken we can see quick downfall till 16300-16250. Bullish only on close above 16792. We still did not get close above 16792 in past 2 trading session  and low made 16535 so Bank Nifty Bulls protected 16500 on EOD basis but closed below gann trendline bears gain a slight upper hand by closing below gann trendline as shown below. We are going through time correction phase where market trades in a range, 02 May Bank Nifty close was 16543

Continue Reading

Tuesday, May 17

ABCD Pattern Stocks:KSCL Asian Paints and Yes Bank

KSCL

kscl

Positional/Swing Traders can use the below mentioned levels

SL 442 Target 411/398/384

Intraday Traders can use the below mentioned levels

Buy above 436 Tgt


Continue Reading

Nifty Bulls held on to 7777, EOD Analysis

FII
  • FII's sold 3.2 K contract of Index Future worth 193 cores ,2.2 K Long contract were liquidated by FII's and 1 K short contracts were added by FII's. Net Open Interest decreased  by 1.1 K contract, so rise in market was used by FII's to exit long and   shorts were added in  Index futures.Cella Quinn from Dishwasher to President of Investment Firm
As discussed in last analysis   Low made today was 7784, highlighting the importance of 7777 and closed above 7800 but below 7850, so market closed at no trade zone, Also we are near the gann trendline as shown below, holding the same we can see bounce back. Nifty again
Continue Reading

Monday, May 16

Harmonic trading patterns: IDFC R Power and Wock Pharma

IDFC

 IDFC

Positional/Swing Traders can use the below mentioned levels

Unable to close above 50 short term target 47/44

Intraday Traders can use the below mentioned levels

Buy above 50 Tgt..


Continue Reading

Sunday, May 15

Bank Nifty reacts from gann angle, Weekly Forecast

Last Week we gave Chopad Level 16400 Bank Nifty gave Long entry on Monday and did all 3 target by Thursday and thus rewarding discipline chopad followers by 500 points. Lets analyses how to trade Bank nifty in coming week, Will the age old adage , "SELL IN MAY AND GO AWAY" hold true in May month.


Bank Nifty Hourly

gann circle

As discussed last week  coming week below 16188 15800/15500. Above 16500 Tgt 16800/17100.
Both Done Coming week, break of 16500 can see move towards 16245/16100. Bullish only above 16792 for 17000/17200.

Bank Nifty Harmonic



Continue Reading

Nifty held to 7777 but close below 7850,Weekly Forecast

Last Week we gave Chopad Levels  of 7777 , Nifty gave multiple Long entry on Monday and Wednesday which did 2 target on upside  and No Shorts got initiated as nifty never went below 7777. Lets analyses how to trade nifty in coming week, Will the age old adage , "SELL IN MAY AND GO AWAY" hold true in May month.

Nifty Hourly Chart

nifty hourly
As discussed in last analysis coming week once 7650 breaks we can see fast move towards 7500-7520. Bullish only on close above 7777.

Low made was 7753 so did not went below 7650 and once 7777 crossed we saw the fast move till 7921. I have drawn Angle Wedge chart on HOurly chart which

Continue Reading

Saturday, May 14

Nifty continues with time correction,EOD Analysis

FII
  • FII's sold 4 K contract of Index Future worth 237 cores ,6.5 K Long contract were liquidated by FII's and 2.5 K short contracts were liquidated by FII's. Net Open Interest increased  by 9.1 K contract, so fall in market was used by FII's to exit long and  exit shorts in  Index futures.Cella Quinn from Dishwasher to President of Investment Firm
As discussed in last analysis As I have been seeing we are seeing time correction On 02 May nifty closed at 7800 and today 12 May closed at 7900, so in 9 trading session we moved just 100 points, this is time correction trading in a range and eating premium of options. Nifty closed today was 7814 so move just 14 points in 11 trading session,

Continue Reading

Bank Nifty EOD Analysis for 16 May

As discussed in last analysis   Any close above 17067 will see swift move towards 17400.. Bearish only below 16500, High made today was 16891 and low made 16594 so Bank Nifty Bulls protected 16500 but bears gain a slight upper hand by closing below 16792. As we have gann trendline also near 16500, so need to be extra cautious in coming week as if 16500 get broken we can see quick downfall till 16300-16250. Bullish only on close above 16792.  Cella Quinn from Dishwasher to President of Investment Firm

Continue Reading

Friday, May 13

Cella Quinn from Dishwasher to President of Investment Firm

Cella Quinn was born with a gift, an advantage: far above-average intelligence. She is a MENSA member, an association of people with IQ in the top 2% of the entire population. But this "gift" was of little use to her for quite some time, thanks to other birth disadvantages.
She was born with a severe cleft lip and palate, a birth defect that is a split in the roof of the mouth and the upper lip, and that produces "mangled" speech. It is often accompanied by a deformed nose. Cella described hers as looking like "a Quonset hut with one corner of the roof collapsed." The crude, minimal surgery of the time did not help her speech. Her speech was so unintelligible to many, she carried a pad and pencil with her to communicate with. Her jaw, teeth, and face often ached. Cella had a very difficult time in school; other children picked on her, and even teachers presumed her stupid.
"When you can't speak," Cella said, "people think you are stupid. My family, teachers, other children thought so and even I started
to believe it."


Continue Reading

Intraday Trading Stocks:TCS,LIC and IBulls

TCS

TCS

Positional/Swing Traders can use the below mentioned levels

Close above 2584  Tgt 2639/2673/2728

Intraday Traders can use the below mentioned levels

Buy above 2570 Tgt


Continue Reading

Thursday, May 12

Nifty closed at 9 days High, EOD Analysis

FII
  • FII's bought 7.5 K contract of Index Future worth 420 cores ,7.1 K Long contract were added by FII's and 0.03 K short contracts were liquidated by FII's. Net Open Interest increased  by 6.7 K contract, so rise in market was used by FII's to enter  long and  exit shorts in  Index futures. How to Identify Fear in Trading
As discussed in last analysis  Nifty till holding 7850-7834 range we can see the move towards 7972/8000. Bearish only on close below 7800. Low made today was again 7849, highlighting the importance of 7850 and move up made high of 7916. So we are heading towards 7955/7972 range holding 7850, As I have

Continue Reading

Bank Nifty nearing 17000,EOD Analysis

  • As discussed in last analysis   one we have a close above 16792 we can see next move towards 17067. Bearish only below 16500, High made today was 16962 and closed above  16792, so Bank Nifty Bulls protected 16500 and now almost did 17000. Any close above 17067 will see swift move towards 17400. How to Identify Fear in Trading
Daily Gunner7


Continue Reading

How to Identify Fear in Trading

Fear
 I have put a Poll on Twitter (https://twitter.com/brahmesh),  Which emotion is the toughest for you to control when trading?

Sharing the Poll Results till now, 43% said its FEAR which is dominating them and become difficult to control.
Strong emotions have affected your trading. Most of traders put lot of efforts to overcome this problem by learning on technical analysis learning more and more techniques every day, attending lot of Seminar and Webinars But that doesn’t seem to matter.
Most of Professional trades will experience Fear in there trading but the difference is they could still make profitable decision by feeling uncomfortable.
As a trader these
Continue Reading

Arvind SKS and Dish TV Swing Trading

Arvind

Arvind

Positional/Swing Traders can use the below mentioned levels

Close above 298 Tgt 315/326

Intraday Traders can use the below mentioned levels

Buy above 297 Tgt


Continue Reading

Wednesday, May 11

Nifty Bull and Bear Fights for 7850,EOD Analysis

FII
  • FII's sold 16.2 K contract of Index Future worth 962 cores ,12.4 K Long contract were liquidated by FII's and 3.8 K short contracts were added by FII's. Net Open Interest decreased  by 8.5 K contract, so fall in market was used by FII's to exit long and  enter  shorts in  Index futures. The Importance Of Trading Plan WHICH emotion is overpowering you the Most, To Understand the same I have put a Poll on Twitter (https://twitter.com/brahmesh), Please participate
As discussed in last analysis  Nifty till holding 7850-7834 range we can see the move towards 7972/8000. Bearish only on close below 7800. We has the news based market reaction today, due to change in taxation policy between India and Mauritius  b As I always Say Plan the Trade

Continue Reading