Bank Nifty July Series Overview,EOD Analysis

• As discussing in past analysis If we close above 17728 tomorrow and also gann arc we can see move towards 18000. High made today was 17975 so we almost did 18000,  But till we do not close above 18051 bank nifty will trade in range of 18000-17350. Close above 18051 we can see move till 18700/18900. Bearish only on close below 17450. Expect a Trending Mode in Bank Nifty in July month.  Why I fail as a trader
  

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Century VEDL and Apollo Tyre Technical Analysis

Century

Intraday Traders can use the below mentioned levels

Buy above 654 Tgt

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Nifty June Expiry Analysis

• FII's bought 11.1 K contract of Index Future worth 683 cores ,12.8 K Long contract were added by FII's and 1.6 K short contracts were added by FII's. Net Open Interest increased  by 14.4 K  contract, so rise in market was used by FII's to enter long and enter shorts  in  Index futures.Why I fail as a trader
  

 As discussed in Yesterday Analysis   For next 4 days 8111 will play a important role on upside and 7972 on downside, breaking any one of the levels can see move 8210/8241 on upside and 7921/7777 on downside. High made today was 8212. Panic was created with gap down and whole move have been retraced but its not a faster retracement,

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Bank Nifty June Expiry Analysis

• As discussing in past analysis Break of 17350 on Hourly basis can lead to swift fall towards 17150/16950 and on upside close above 17722 will lead to move towards 18050. High made today was 17728, if we close above 17728 tomorrow and also gann arc we can see move towards 18000. But till we do not close above 18051 bank nifty will trade in range of 18000-17350.  Why I fail as a trader
  

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Why I fail as a trader

As a Trader we are  "hard-wired" to do all the wrong things till we have not trained our mind. You will always look for the easiest way to make money but unfortunate its  turn out to be the easiest way to lose money.
During my trading session I ask my students to sit down and write  on, "Why I lose money in trading, Why I fail as a trader " Be honest with yourself. What are your typical excuses?
You might write something like this:
“I was desperate, and I needed to do something.  As a result, I really didn’t have time to do a trading plan Instead, I just made trades.”
For the 30 minutes that it takes to do "Why I lose money in trading, Why I fail as a trader ” exercise, give yourself a break and be brutally honest. Can you be honest and tell it like it is, or is it more important to justify the excuses and be a failure?
So go ahead. Take 30-60 minutes right now and start writing down your excuses about your trading.
Do the exercise even before continuing reading this article! It's that important.
So What Did You Write?


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Arvind Wockpharma and Jindal Steel Supply Demand Analysis

Arvind

Intraday Traders can use the below mentioned levels

Buy above 325 Tgt

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Nifty Bulls gain strength above 8111,Will we see follow up move ?

• FII's sold 12.3 K contract of Index Future worth 791 cores ,2.7 K Long contract were added by FII's and 15 K short contracts were added by FII's. Net Open Interest increased  by 17.7 K  contract, so rise in market was used by FII's to enter long and enter shorts  in  Index futures.How to deal with Negative Emotions in Day Trading
  

 As discussed in Yesterday Analysis   For next 4 days 8111 will play a important role on upside and 7972 on downside, breaking any one of the levels can see move 8210/8241 on upside and 7921/7777 on downside. High made today was 8146,and closed above 8111. Now we need to get the follow upmove in next 2 trading session till 8200/8270 else market can again whipsaw long trades above 8111.

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Will Bank Nifty close above top of gann arc,EOD Analysis

As discussing in past analysis Bulls need to close above 17600 for bullish move, bears will become active on trading below 17350 and see an impulsive downsmove  towards 17150/16950. Bank Nifty made low of 17481 and high of 17626 so trading in the range and not breaking both 17600 and 17350, Bank Nifty is slowly approaching the top end of green arc which lead to last big fall so time to be cautious in next 2 trading session. Break of 17350 on Hourly basis can lead to swift fall towards 17150/16950 and on upside close above 17722 will lead to move towards 18050 How to deal with Negative Emotions in Day Trading

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Glenmark SRF and BPCL Intraday Trading Plan

Glenmark

Intraday Traders can use the below mentioned levels

Buy above 784 Tgt

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Bank Nifty fails to cross gann arc,EOD Analysis

As discussing in past analysis Bulls needs a close above 18051 for next move 18650-18750, Bears below 17500 for move towards 17350/17055. close above gann arc can see bulls getting momentum on upside.Bank Nifty made low of 17346 before recovering but again unable to close above gann green arc as shown below. Bulls need to close above 17600 for bullish move, bears will become active on trading below 17350 and see an impulsive downsmove  towards 17150/16950.  Its all about Will power, Amazing Story of Girish Gogia

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Nifty close below 8111,EOD Analysis

• FII's sold 4.8 K contract of Index Future worth 287 cores ,12.4 K Long contract were added by FII's and 17.2 K short contracts were liquidated by FII's. Net Open Interest increased  by 29.7 K  contract, so rise in market was used by FII's to enter long and enter shorts  in  Index futures.Its all about Will power, Amazing Story of Girish Gogia
  

 As discussed in Yesterday Analysis   For next 4 days 8111 will play a important role on upside and 7972 on downside, breaking any one of the levels can see move 8210/8241 on upside and 7921/7777 on downside. High made today was 8120,unable to sustain above 8111

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Petronet Biocon and Asian Paints Darvas Box Analysis

Petronet

Intraday Traders can use the below mentioned levels

Buy above 291 Tgt

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Bank Nifty Forms Weekly Doji,Weekly Forecast

Bank Nifty Hourly

Coming week, 17455 needs to be watched  closing above it 17557/17670 can be seen quickly.  Channel top us around 17750. On Downside break of 17200 can see move towards 17950/17800.

Bank Nifty Harmonic

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Nifty Forms Weekly Doji,Weekly Forecast

Last Week we gave Chopad Levels  of 8120, Nifty gave Long entry on Monday made low at 8107 near Chopad of 8085, and did 2 target on upside,Lets analyze how to trade in coming week as we see after effect of Brexit.

Nifty Hourly Chart

Hourly Chart resistance at 8111 and above that 8242. Support at 7921/7851

Nifty Harmonic

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Nifty use Brexit event to bounce from demand zone, EOD Analysis

• FII's sold 30.6 K contract of Index Future worth 1767 cores ,30.9 K Long contract were liquidated by FII's and 327 short contracts were liquidated by FII's. Net Open Interest increased  by 31.2 K  contract, so fall in market was used by FII's to exit  long and exit shorts  in  Index futures.Its all about Will power, Amazing Story of Girish Gogia
  

 As discussed in Yesterday Analysis   Nifty did close above 8210 suggesting a bullish set up but the overnight news event on Brexit did a gap down of almost 250 points. As i always suggest if you are trader with small capital do not take aggressive position before the event, and if you take you should be properly hedged, Its just like Term Insurance which will make sure you do not suffer a big blow in your trading account. Always remember trading is all about Risk Management, Manage Risk Profits will follow.

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Bank Nifty reacts furiously from gann arc, EOD Analysis

As discussing in past analysis Bulls needs a close above 18051 for next move 18650-18750, Bears below 17500 for move towards 17350/17055. close above gann arc can see bulls getting momentum on upside. Bank Nifty on thursday made exact high near the gann arc and also did not close above 18051. 16950 Low made on Friday will be very crucial as shown in below 2 charts, If broken we can head towards 16471/16000/15440 in short term. Till 17055 is held on closing basis trend remains buy on dips with target as 17722/18051/18500 in coming 2 weeks.  Its all about Will power, Amazing Story of Girish Gogia

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Its all about Will power, Amazing Story of Girish Gogia

Girish Gogia has faced enormous challenges. A freak accident left him paralysed neck down. A few years later his wife was diagnosed with multiple sclerosis and she too was paralysed. Against all odds, this man restarted his business and set out on a journey to become a motivational speaker to others.

“Doctor, I appreciate your diagnosis but I refuse to accept your verdict. I will not live like a vegetable all my life.” This was the determined and passionate statement I made to my neurosurgeon 16 years ago, seated on the wheelchair, when I was pronounced a quadriplegic. Since then there has been no looking back.

My world had turned upside down when I went to Goa in December 1999 with my wife Eesha to experience deep sea diving – my favourite adventure sport. A spirit of festivity was in the air.

We reached the top of a cliff, which I found perfect for a dive. With a deep breath and my hands stretched ahead, I plunged into the sea. Post that there was complete darkness.

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Nifty heading towards gann trendline,EOD Analysis

As discussed in Yesterday Analysis   Closing above 8210 is a very bullish sign and holding the same we can move towards 8300/8336/8410 in next few days.Bearish only on close below 8070.  High made today was 8285 and low made was 8188,so 8210 showed effect. We did close at 8204 yesterday this is market way of confusing traders but gann trendline helped us not doing any shorting and today once it moved above 8210 just moved  up impulsively. 22-June is an important gann data as per time analysis till 8153 not broken we can see upside till 8400/8450  near gann trendline as shown in below chart.Bulls will get momentum above 8336 and bears below 8150.  Will Bank Nifty Break Gann arc after holding gann trendline ,EOD Analysis

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Will Bank Nifty Break Gann arc after holding gann trendline ,EOD Analysis

As discussing in past analysis If we break 17500 tomorrow we can see down move till 17350/17055 else again we will trade in range of 17500-18000. Doji near gann trendline did the trick as Bank nifty rallied High made was made was 17907 near gann arc, close above gann arc can see bulls getting momentum on upside.Bulls needs a close above 18051 for next move 18650-18750, Bears below 17500 for move towards 17350/17055. In between bank nifty will keep trading in range of 17500-18000 and do time correction. UK Brexit explained: What you need to know

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UK Brexit explained: What you need to know

British voters are going to the polls on Thursday to vote on whether their country should remain a member of the European Union. Its had been in Media from last 2-3 weeks and had now reached a state of Frenzy.
Why Vote now after 40 Years ?
British Prime Minister David Cameron courted conservative and anti-EU voters during the last election by promising to hold a referendum on the UK's membership of the 28-nation bloc by the end of 2017. The EU economy is currently worth $16 trillion, the equivalent of one-fourth of the global gross domestic product (GDP). In recent years, there has been much disquiet in Britain over migration into the country from within the EU and its effects on wages and public services. Basically British are fearing Immigration from EU countries are taking their Jobs.

 Who Can Vote?

British and Irish citizens 18 and over who are resident in the United Kingdom, as well as UK residents from Commonwealth countries who have the right to live in the country can vote in the referendum. The Electoral Commission says a record number of 46,499,537 voters were registered for the referendum by Tuesday.
What's On The Ballot Paper?

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IRB AuroPharma and Hexaware Harmonic Analysis

IRB

Positional Traders can use the below mentioned levels

Close above 212 Tgt 220/225

Intraday Traders can use the below mentioned levels

Buy above 211 Tgt

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Nifty doing time correction before next move,EOD Analysis

• FII's sold 7.7 K contract of Index Future worth 497 cores ,7.8 K Long contract were liquidated by FII's and .07  K short contracts were liquidated by FII's. Net Open Interest decreased  by 7.8 K  contract, so fall in market was used by FII's to exit  long and exit  shorts  in  Index futures.Do you have Trading Regrets
  

 As discussed in Yesterday Analysis   Closing above 8210 is a very bullish sign and holding the same we can move towards 8300/8336/8410 in next few days.Bearish only on close below 8070.  High made today was 8238 and low made was 8154, and finally we close near 8210, Due to Britain Exit vote volumes are very dull in market and even a small volume can move market,

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Bank Nifty forms DOJI near gann trendline,EOD Analysis

As discussing in past analysis If we break 17500 tomorrow we can see down move till 17350/17055 else again we will trade in range of 17500-18000. Low made was 17518 again bears were unable to break 17500 and bulls were unable to close above 17666 but again closed near gann trendline as shown above.Bulls needs a close above 18051 for next move 18650-18750, Bears below 17500 for move towards 17350/17055. In between bank nifty will keep trading in range of 17500-18000 and do time correction. Do you have Trading Regrets

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Century,TVS Motor and REC Technical Analysis

Century

Positional Traders can use the below mentioned levels

Close above 665 Tgt 699

Intraday Traders can use the below mentioned levels

Buy above 655 Tgt

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Nifty continue to hold 8210,EOD Analysis

• FII's sold 9.6 K contract of Index Future worth 570 cores ,6.3 K Long contract were liquidated by FII's and 3.3  K short contracts were added by FII's. Net Open Interest decreased  by 3 K  contract, so fall in market was used by FII's to exit  long and enter  shorts  in  Index futures.Do you have Trading Regrets
  

 As discussed in Yesterday Analysis   Closing above 8210 is a very bullish sign and holding the same we can move towards 8300/8336/8410 in next few days.Bearish only on close below 8070.

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Bank Nifty close at gann trendline,EOD Analysis

• As discussing in past analysis  Till we close above 17666 bulls are in control, So finally Bulls were able to close bank nifty below 17666 and just at the border of gann trendline. If we break 17500 tommrow we can see downmove till 17350/17055 else again we will trade in range of 17500-18000.  Bulls needs a close above 18051 for next move 18650-18750, Bears below 17500 for move towards 17350. Do you have Trading Regrets
  

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Breakout Stocks:Reliance,Jet and Bharat F

Bharat Forge

Positional Traders can use the below mentioned levels

Close above 760 Tgt 784/810

Intraday Traders can use the below mentioned levels

Buy above 760 Tgt

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Nifty Bulls close above 8210,EOD Analysis

• FII's sold 23.7 K contract of Index Future worth 1335 cores ,5.1 K Long contract were liquidated by FII's and 18.5 K short contracts were added by FII's. Net Open Interest increased  by 13.3 K  contract, so rise in market was used by FII's to exit  long and enter  shorts  in  Index futures.Do you have Trading Regrets
  

 As discussed in Yesterday Analysis   Now bulls need to close above 8210 for this upmove to continue as its near the falling horizontal gann line. Failing to close above 8210 can again see downmove towards 8120/8029 High made today was 8244

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Bank Nifty Bulls again protect 17666,EOD Analysis

As discussing in past analysis  Till we close above 17666 bulls are in control, We had gap down below 17500 as RBI Governor did not took second term, Most of us including me was expecting big cut in market, But as Market always surprises us and it did again, making a panic bottom and rallying. Now as I always tell we need to be mentally strong in such time and if we have a trading plan it helps in taking right trading decision and getting the max out of it. Bank Nifty again close above 17666 suggesting bulls are in control but to get momentum we need a close above 18051, else bank nifty can trade in range of 17500-18000 and do time correction.

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Do you have Trading Regrets

Regrets are fine to have as long as you act on them.

“I did exactly the wrong thing. The cotton showed me a loss and I kept it. The wheat showed me a profit and I sold it out. Of all the speculative blunders there are few greater than trying to average a losing game. Always sell what shows you a loss and keep what shows you a profit. “-Jesse Livermore

If you take a moment to look at what you regret specifically and look at your trading journal, you may be able to see exactly what you need to do to breakthrough and achieve the results you wanted in trading originally.

Let discuss the Common Regrets trader make

Trading using Excessive Leverage

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Bank Nifty trend analysis after Reexit done and Brexit pending

Last Week we gave Chopad Level 17670 Bank Nifty gave short entry below Chopad levels and did 2 target by Thursday, Rewarding Disciplined Chopad Followers. Coming week Market will start with Rexit action & will end with Brexit reaction. Impact of RaghuRam Rajan Exit on Indian Markets

Bank Nifty Hourly

Coming week, 17078-17055 if and when they come

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Nifty trend analysis after Reexit done and Brexit pending

Last Week we gave Chopad Levels  of 8120, Nifty gave short entry on Monday, and did 1 target on downside and also gave long entry on Wednesday which also did 1 target. Coming week Market will start with Rexit action & will end with Brexit reaction. Impact of RaghuRam Rajan Exit on Indian Markets

Nifty Hourly Chart

Hourly Chart is forming triangle, pattern is forming, break of 8075 can see 7848 and above 8295 can see 8532 levels in medium term.

Nifty Harmonic

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Impact of RaghuRam Rajan Exit on Indian Markets

Rajan announced that he won't be accepting second term as RBI Governor and plans to return back to academia,which might rattle both stock market and currency market.
Since 1992 RBI governors are appointed for 3 years and get extension for 2 years. Mr Rajan will be the first governor who will not get extension since 1992.
On 5 September 2013 he took charge as the 23rd Governor of the Reserve Bank of India, under whom Indian Rupee become pretty stable and inflation declined from High of 9% to Low of 3.5%.
Lets see how stock market welcomed Governor.

Nifty

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Nifty bulls unable to close above 8210, EOD Analysis

• FII's sold 8.2 K contract of Index Future worth 480 cores ,4.2 K Long contract were liquidated by FII's and 4  K short contracts were added by FII's. Net Open Interest decreased  by 228  contract, so fall in market was used by FII's to exit  long and enter  shorts  in  Index futures.Struggle is Good!
  

 As discussed in Yesterday Analysis   Now bulls need to close above 8210 for this upmove to continue as its near the falling horizontal gann line. Failing to close above 8210 can again see downmove towards 8120/8029 High made today was 8195 and low made was 8135

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Bank Nifty Bulls continue to hold 17666 ,EOD Analysis

• As discussed in last analysis  Bank Nifty again close above just tad of 17671, as we have weekly closing tomorrow so unable to close above 17672, we can break 17500 and go all the way till 17350. Bank Nifty High made today was 17843 and low made was 17590. Bulls needs a close above 18051 for next move 18650-18750, Bears below 17500 for move towards 17350. Struggle is Good!
  

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Struggle is Good!

Once a little boy was playing outdoors and found a fascinating caterpillar. He carefully picked it up and took it home to show his mother. He asked his mother if he could keep it, and she said he could if he would take good care of it.

The little boy got a large jar from his mother and put plants to eat, and a stick to climb on, in the jar. Every day he watched the caterpillar and brought it new plants to eat.


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Technical Analysis of Stocks: GAIL CESC and Canara Bank

GAIL

 

Positional Traders can use the below mentioned levels

Close above 390 Tgt 398

Intraday Traders can use the below mentioned levels

Buy above 386 Tgt

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Will Nifty Bulls be able to hold 8070,EOD Analysis

• FII's sold 7.2 K contract of Index Future worth 439 cores ,10.9 K Long contract were liquidated by FII's and 3.6  K short contracts were liquidated by FII's. Net Open Interest decreased  by 14.5 K contract, so fall in market was used by FII's to exit  long and exit shorts  in  Index futures.The Greatest Trades of All Time
  

 As discussed in Yesterday Analysis   Now bulls need to close above 8210 for this upmove to continue as its near the falling horizontal gann line. Failing to close above 8210 can again see downmove towards 8120/8029 High made today was 8180 and low made was 8074

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Will Bank Nifty Bulls be able to hold 17666,EOD Analysis

As discussed in last analysis  Bulls needs to close above 18051 for next move towards 18600-18700. Unable to close above 18000 we can see another down move towards 17500. Bank Nifty High made today was 17827 and low made was 17545 so we did almost 17500. Bank Nifty again close above just tad of 17671, as we have weekly closing tommrow so unable to close above 17672, we can break 17500 and go all the way till 17350.  The Greatest Trades of All Time

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The Greatest Trades of All Time

1. John Paulson’s bet against subprime mortgages made his hedge fund a cool $15 billion in 2007, that is billion with a ‘B’. he is only one of a very exclusive club that was able to make this call and win with it. That was a call of a lifetime that everyone was blind to even deep into the crises.
2. Jesse Livermore’s call on the Crash of 1929, Jesse Livermore did not need any computer models, technical indicators, or derivatives to make $100 million dollars ($1.2 billion in today’s dollars) for his own personal account during a time where everyone was bullish and then everyone lost through shirts. It is an amazing day when you come home and your wife thinks you are ruined and you had the second best trading day of anyone in history.
3. John Templeton’s invested heavily into Japan during  the 1960s, when Japan was beginning its three-decade long economic miracle, Templeton was one of the country’s first

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SBI PC Jeweller and Sun TV Harmonic Pattern Analysis

SBI

Positional Traders can use the below mentioned levels

Unable to Close above 218 Tgt 207

Intraday Traders can use the below mentioned levels

Buy above 217.5 Tgt

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Nifty does 8210 above 8135,EOD Analysis

• FII's sold 10.6 K contract of Index Future worth 638 cores ,10.5 K Long contract were liquidated by FII's and 0.006  K short contracts were added by FII's. Net Open Interest decreased  by 10.4  K contract, so rise in market was used by FII's to exit  long and enter shorts  in  Index futures.What Makes a Good Risk Manager?
  

 As discussed in Yesterday Analysis   Bulls will get active on close above 8135 for move towards 8210/8241. Bears will get aggressive below 8050 for a move towards 7980. High made today was

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Bank Nifty does 17900 closing above 17666,EOD Analysis

As discussed in last analysis  Bank Nifty closed just a tad above 17666 suggesting we can move till 18000 if we hold on to it on closing basis. Bank Nifty High made today was 17943 so we did almost 18000 as we closed yesterday above 17666. Sticking to system always help. Bulls needs to close above 18051 for next move towards 18600-18700. Unable to close above 18000 we can see another down move towards 17500. How To Become A Profitable Trader

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What Makes a Good Risk Manager?

Trading is not really about prediction or being right or wrong. It is really about how much are you willing to risk to find out. It’s easy to take the approach of, ‘is this trade going to work or not’, and in reality, we can’t help but think that way on a certain level. But because we will never know before hand, and because protecting capital is rule number one, we must attend to risk management and have flexible expectations instead of thinking in terms of ‘prediction’.

A set-up with a 50% win rate does not mean that the next 6 out of 10 trades will be winners . An objective market statistic based upon the past can not become a market probability about the future unless the same exact market participants are present and continue to act in the same way. Each trade, and each moment in the market, is unique for this reason.
The main point here is that although entry location is important, its how much we are willing to risk that determines our account equity and consistency over time.

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Will Nifty break 8050 or 8135,EOD Analysis

• FII's sold 30.7 K contract of Index Future worth 1880 cores ,31.4 K Long contract were liquidated by FII's and 0.6  K short contracts were liquidated by FII's. Net Open Interest decreased  by 32 K contract, so fall in market was used by FII's to exit  long and exit shorts  in  Index futures.How To Become A Profitable Trader
  

 As discussed in Yesterday Analysis   Bulls will get active on close above 8135 for move towards 8210/8241. Bears will get aggressive below 8050 for a move towards 7980. High made today was

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Bank Nifty holds on to 17666,EOD Analysis

As discussed in last analysis  Now next bullish move on close above 18030 for target of 18500/18758. Bearish only on close below 17500. High made today was 17720 and low made was 17575 near the gann horizontal line, break of 17500 we can see quick down move towards 17350 towards the gann red trend line. Bank Nifty closed just a tad above 17666 suggesting we can move till 18000 if we hold on to it on closing basis. How To Become A Profitable Trader

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