Not able to pull the trigger in Trading

Lets discuss the last 3 days price action in Nifty.
Nifty closed below 8577 on Friday, You went short hoping to make a 100 points. Monday market continue to trade below 8577 but suddenly reversal come and it start trading above 8577. You have decided if it close above 8577 for 1 hour i will close the trade. It sustains above that than you think market is bearish and lets wait for the close above 8577 for exit. At 3:20 price is comfortably closing above 8577 , You think its just one of scenario as market is doing time correction and it will come down, So Hold on to losing trade. And Yesterday it was a Big Zoom and now we are up more than 200 points from 8577. But you are holding to losing trade hoping it will come down.
Another possible scenario is you exit at 8577 but do not go long and watching this rally from sidelines as last time you went long it did not move aggressively.
Does the above 2 trading scenario happens with you quiet often.

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Stocks for short term trading:Tata Elxsi Exide and Wockpharma

TATA ELXSI

Positional Traders can use the below mentioned levels

Close above 1597  Tgt 1631/1652

Intraday Traders can use the below mentioned levels

Buy above 1597 Tgt

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NHC Food Technical Outlook

NHC Food

NHC Food is BSE listed stock, saw a big surge in volumes yesterday,Surge of almost 50 times its normal volume. Did a quick study found 2 interesting pattern
NHC Food has completed its  Bullish CYPHER pattern, Target of pattern comes in range of 28--30



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Nifty break out of range of 247 points, EOD Analysis

• FII's bought 31.7 K contract of Index Future worth 2066 cores ,35.2 K Long contract were added by FII's and 3.5 K short contracts were added by FII's. Net Open Interest increased  by 38.8  K contract, so rise in market was used by FII's to enter long and enter shorts  in  Index futures. How to recover from Losing Streak

 As discussed in Yesterday Analysis   Nifty is forming the last leg of shark pattern holding today's low we can move towards 8710 again to complete the pattern. Nifty showed  impulsive move as we were expecting as it closed above 8577 and also shark pattern last leg formation and gann impulsive date also as discussed in Weekly anslysis. Also Nifty has broken the 247 points range of past 26 days as shown in below chart. Bulls above 8723 can see move till 8851/8900. Bulls need to hold 8723 on closing basis else it can be termed as fake breakout.   Bank Nifty fires above 19360,EOD Analysis

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Bank Nifty fires above 19360,EOD Analysis

As discussed in Last analysis  Bulls need close above 19367  for target of 19650/19766, Bears below 19000 for target of 18800/18500. Till 19158 is not broken its buy on dips market.Sustaining above today's high of 19250 bank nifty can make other move towards 19367 and close above it momentum will again come in bulls favor. Low made was 19306 , High near 19546, Bank Nifty bulls broken 19367 sustained above it and saw a big impulsive move. Now bulls should sustain above 19367 for move towards 19650-19700. Close above 19700 on Weekly basis can see bank nifty moving towards all time high.   How to recover from Losing Streak

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How to recover from Losing Streak

Losing Streak/Trading Slump are inevitable in trading.A losing streak can be a sustained draw down in capital, where loses occur day after day, or a losing streak can even be a period of low returns where you are just doing breakeven.
As market are dynamic in nature and a change in trend of market which does not suit your trading style can lead to big losses if you are unprepared how to deal with them. Current move in Nifty where its trading in small range from past 30 days or even S&P 500 is having the smallest trading range seen in last many years, If you are not prepared to handle such market condition, you can see a big blow in your trading account and can lead to losing streak which can last several weeks/months.
What defines a Professional trader is How he is able to deal with this period of losing streak, As the saying goes the Harder the time more tougher you becomes. If you’ve been trading for a while, then I know you can relate to what I am talking about here. Consecutive losses put you in a state of ‘panic’ which severely degrades your decision making process.

Here are some tips you can take to stay positive during a losing streak:

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Adani LT IBR Harmonic Pattern Analysis

Adani E

Positional Traders can use the below mentioned levels

Close above 74.8 Tgt 77/79

Intraday Traders can use the below mentioned levels

Buy above 73.4 Tgt

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Bank Nifty bears unable to capitalize on fall below 19158,EOD Analysis

As discussed in Last analysis  Bulls need close above 19367  for target of 19650/19766, Bears below 19000 for target of 18800/18500. Till 19158 is not broken its buy on dips market. Low made was 19097 , High near 19248, Bank Nifty bears unable to break 19158 on closing basis and Bulls were unable to close above 19367 suggesting fight is on in between both of them, Sustaining above today's high of 19250 bank nifty can make other move towards 19367 and close above it momentum will again come in bulls favor.  Bulls need a close above 19367 and bears below  19158. How to create new habits?

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Will Nifty rise towards 8700 again to complete shark pattern,EOD Analysis

As discussed in Yesterday Analysis   Bulls above 8723 can see move till 8851/8900, bears below 8577 can see move till 8520/8484. Its been 24 days we have traded in range of 204 points 8517-8721,Low made today was 8547 and close below near our important gann level of 8577 , suggesting bears are having upper hand after long time. Nifty can fall below 8520/8484.  Nifty made low of 8544 and bounced back again above 8577. Situation like this only cause trader maximum loss as most of traders are stuck with bearish bias and with change in market trend unable to adjust /reverse position and market sees an impulsive move. As I always say traders should be like a chameleon change colors soon as market is changing color. Nifty is forming the last leg of shark pattern holding today's low we can move towards 8710 again to complete the pattern.  Bank Nifty bears unable to capitalize on fall below 19158,EOD Analysis

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ICICI Bank Rel Infra HDIL Channel Analysis

ICICI bank

Positional Traders can use the below mentioned levels

Close above 248 Tgt 254/261

Intraday Traders can use the below mentioned levels

Buy above 246 Tgt

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Bank Nifty Weekly Analysis for 29 Aug -02 Sep

Last Week we gave Chopad Level 19500  Bank Nifty gave Short entry on Monday  which did 2 target on downside, High made was 19494 near our Chopad level of 19500 and unable to close above it through out the week. Lets analyze how to trade in coming week as we approach August Month Closing.

Bank Nifty Hourly

As discussed in last analysis Close above 19500 can move towards 19766/20000.
High made was 19494 so Bulls were unable

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Nifty Weekly Analysis for 29 Aug -02 Sep

Last Week we gave Chopad Levels  of 8700, Nifty did not close above the chopad level during single session made high of 8685 and 8683 but sold off immediately , and gave chopad follower multiple entry on Monday and Thursday which did 1 and 2 target on downside respectively . Last Week Chopad Level of 8676 was major resistance for bulls as Nifty failed to close above it. Lets analyze how to trade nifty in coming  week as we approach Monthly closing.

Nifty Hourly Chart

As discussed in Last Analysis Nifty is  trading in range

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Nifty Bears finally close below 8577,EOD Analysis

FII's bought 15.8 K contract of Index Future worth 1051 cores ,12.3 K Long contract were added by FII's and 3.5 K short contracts were liquidated by FII's. Net Open Interest increased  by 8.7  K contract, so fall in market was used by FII's to enter long and exit shorts  in  Index futures. How to create new habits?

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Bank Nifty Bulls Bears keep fight on, Which side will give up ?

• As discussed in Last analysis  Bulls need close above 19367  for target of 19650/19766, Bears below 19000 for target of 18800/18500. Till 19158 is not broken its buy on dips market. Low made was 19134 , High near 19358, Bank Nifty bears unable to break 19158 and Bulls were unable to close above 19367 suggesting fight is on in between both of them, Bulls need a close above 19367 and bears below  19158. How to create new habits?

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How to create new habits?

It took me some time to understand the power of habits in our life. A while ago it seemed to me that having habits is boring, difficult, and takes to much time. I didn’t realize that many of the things I was doing were habits implemented without my permission.
But if I already have habits that are implemented without my permission, why not implement any habits I want?

Whether you go to sleep at 12 pm or 9 pm is also a habit. Whether you are used to eating healthy or unhealthy food it’s also a habit. Whether you have a wasting time on Facebook habit or work on your dreams, it is the same for your brain.

 It’s only when we try to get rid of any habit, resistance grows and therefore it seems so hard to change it.

The difference is reflected in the results you get from your habits and the quality of your life behind them.

Making habits consciously is harder than making them unconsciously. When you try to do this consciously your mind opposes, but if you do it unconsciously your mind will perceive the action as non-treatening.

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BHEL Wipro and Just Dial Gann Analysis

BHEL

Positional Traders can use the below mentioned levels

Close above 142 Tgt 146/151

Intraday Traders can use the below mentioned levels

Buy above 142 Tgt

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Will Bank Nifty break 19158 or 19367 for next move ?

As discussed in Last analysis  Bulls need close above 19367  for target of 19650/19766, Bears below 19000 for target of 18800/18500. Till 19158 is not broken its buy on dips market. Low made was 19282 , High near 1932, Bank Nifty bears unable to break 19158 and Bulls were unable to close above 19367 suggesting fight is on in between both of them, Bulls need a close above 19367 and bears below  19158.Price are near the gann vertical line as shown in below chart suggesting impulsive move is round the corner.  What separates amateur traders from the professional trader

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Will Nifty Bull Hold or break 8577 tomorrow, EOD Analysis

 As discussed in Yesterday Analysis   Bulls above 8723 can see move till 8851/8900, bears below 8577 can see move till 8520/8484. Its been 22 days we have traded in range of 204 points 8517-8721, suggesting market is seeing time correction frustrating traders and hitting SL, traders who survive  this phase by applying risk and money management are rewarded handsomely in the next move

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What separates amateur traders from the professional trader

How can a professional take the same trade as an amateur yet end the trade at a profit or be in a better position psychologically after taking a loss? Its similar to a professional sportsman who might lose a match but end up winners in subsequent matches. Every trader experiences losing trades. Professionals and amateurs may have similar outlooks on a market, but oftentimes they end up with different results.So lets discuss the main difference between a professional and amateur’s perspective.
Focus on your system’s effectiveness and not individual trade outcomes. Trading is a  WAR, Losing 1-2 battles does not make you to lose a WAR. This is the mantra of Professional Traders.
If you plan to become a successful trader, you will need more than one trade to make a career. Lessen the impact that each individual trade has. That way, you can accept losing trades without losing sleep.
Do not be afraid to exit when you notice the market moving against your

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Reliance Canara Bank Cipla Supply and Demand Analysis

Reliance

Intraday Traders can use the below mentioned levels

Buy above 1021 Tgt

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Will Nifty end the Dull August Expiry on explosive note ?

• FII's sold 4.3 K contract of Index Future worth 254 cores ,3.5 K Long contract were added by FII's and 7.8 K short contracts were added by FII's. Net Open Interest increased  by 11.4  K contract, so rise in market was used by FII's to enter long and enter shorts  in  Index futures. Bitter Truth about Trading

 As discussed in Yesterday Analysis    Now Bulls need to close above the range of 8711 for next move towards 8779-8800-8851. Bears will get active on close below 8484 only.  Its been 22 days we have traded in range of 204 points 8517-8721, suggesting market is seeing time correction frustrating traders and hitting SL, traders who survive  this phase by applying risk and money management are rewarded handsomely in the next move .Low made today was 8580 near our important gann level of 8577  which we have discussed many time in our past analysis and also formed hammer candlestick near gann trendline as shown below. High

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Bank Nifty ready for impulsive move, EOD Analysis

As discussed in Last analysis  Bulls need close above 19367  for target of 19650/19766, Bears below 19000 for target of 18800/18500. Till 19158 is not broken its buy on dips market. As discussed before 23-24 very important date for trend change, today we saw a fast move in closing hours which suggests trend change can happen if we close above 19367 tomorrow.Low made was 19284 near the gann vertical line as seen in below chart, High near 19392, Bank Nifty bears unable to break 19158 and Bulls were unable to close above 19367 suggesting fight is on in between both of them, Bulls need a close above 19367 and bears below  19158.Price are near the gann vertical line as shown in below chart suggesting impulsive move is round the corner.  Bitter Truth about Trading

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Bitter Truth about Trading

1. Expect the Unexpected
24 Aug 2015 just 1 year before, Nifty saw the highest fall closing down by 491 point and well below 8000. And Now we are trading close to 52 week high and around 6% down from Life high of 9119 . This August 2015 we have not even moved 1% from last 21 trading sessions. 24 June we made low of 7927 and now we are trading near 8600.  Expect it  No matter how much effort you put in your analysis, you still won’t have a hundred percent accurate idea of where the market is headed. There’s always the chance market will surprise you. Thats the reason as trader we should have a strong risk and money management, to pass through such unforeseen events.
My Guru used to tell me Your

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Nifty Bulls again protect 8577, EOD Analysis

• FII's sold 10.1 K contract of Index Future worth 631 cores ,7.3 K Long contract were added by FII's and 17.4  K short contracts were added by FII's. Net Open Interest increased  by 24.7  K contract, so rise in market was used by FII's to enter long and enter shorts  in  Index futures. Are you Addicted to trading ?

 As discussed in Yesterday Analysis    Now Bulls need to close above the range of 8711 for next move towards 8779-8800-8851. Bears will get active on close below 8484 only.  Its been 21 days we have traded in range of 204 points 8517-8721, suggesting market is seeing time correction frustrating traders and hitting SL, traders who survive  this phase by applying risk and money management are rewarded handsomely in the next move . High made today was

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Bank Nifty took support at gann trendline, EOD Analysis

As discussed in Last analysis  Bulls need close above 19367  for target of 19650/19766, Bears below 19000 for target of 18800/18500. Till 19158 is not broken its buy on dips market. Low made was 19246 near the gann horizontal line as seen in below chart, High near 19372, Bank Nifty bears unable to break 19158 and Bulls were unable to break 19367 suggesting fight is on in between both of them, Bulls need a close above 19367 and bears below  19158, As discussed before 23-24 very important date for trend change, today we saw a fast move in closing hours which suggests trend change can happen if we close above 19367 tomorrow.  Are you Addicted to trading ?

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Are you Addicted to trading ?

Whether we admit it or not, many of us are lured into the world of  trading because of the potential to make big money.
There are instances when traders are just in it to make profit at any cost , They do not concentrate on learning the process,mastering your trading skills. If you are trading everyday to make money and putting bets based on your emotions than slowly you will become addicted to trading and lose your physical and mental health.

I came across many trader who after wiping there account many times do not learn from mistakes, arrange money from somewhere open new account and again lose it all.No matter how much money he already lost in trading, he doesn’t take a step back to study the markets thoroughly or revise his trading plan.

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Tata Power Infy Sun Pharma Harmonic Analysis

Tata Power

Intraday Traders can use the below mentioned levels

Buy above 77.7 Tgt

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Bank Nifty corrects from 19500, Will 19158 Hold, EOD Analysis

• As discussed in Last analysis  Now Bulls again need close above 19158 for move towards 19500 and bear will get active only on close below 18500, in between its just time correction. High made today was 19493 and bank nifty close below 19367. Bulls need close above 19367  for target of 19650/19766, Bears below 19000 for target of 18800/18500. Till 19158 is not broken its buy on dips market. Trading Psychology : Walking The Plank

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Nifty continue to trade in range,EOD Analysis

• FII's sold 7.2 K contract of Index Future worth 456 cores ,7.6 K Long contract were added by FII's and 14.9 K short contracts were added by FII's. Net Open Interest increased  by 22.6 K contract, so fall in market was used by FII's to enter long and enter shorts  in  Index futures. Trading Psychology : Walking The Plank

 As discussed in Yesterday Analysis    Now Bulls need to close above the range of 8711 for next move towards 8779-8800-8851. Bears will get active on close below 8484 only.  Its been 21 days we have traded in range of 204 points 8517-8721, suggesting market is seeing time correction frustrating traders and hitting SL, traders who survive  this phase by applying risk and money management are rewarded handsomely in the next move . High made today was 8684 so bulls need

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Engineer India Federal Bank BEML trendline technical analysis

Engineer India

Positional Traders can use the below mentioned levels

Close above 238 Tgt 246/254

Intraday Traders can use the below mentioned levels

Buy above 237 Tgt

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Bank Nifty Weekly Forecast for August Expiry Week

Last Week we gave Chopad Level 19054  Bank Nifty gave Short entry on Monday  which did 1 target on downside, Low made was 18839 near 1 target of 18900, Shorts got stopped out on Wedenday and Long triggred did 2target on Upside and missed 2 target by 43 points . Lets analyze how to trade in coming expiry week.

Bank Nifty Harmonic

As discussed in last analysis  Holding 18700 Bank Nifty is heading towards 19332/19600 as per Butterfly pattern.
19332 done and waiting  for  19600, On medium term As per ABCD

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Nifty forms Weekly Doji and Inside Bar candlestick, Weekly Forecast

Last Week we gave Chopad Levels  of 8700, Nifty did not close above the chopad level during single session, and failed to give entry to chopad followers . Last Week Chopad Level of 8700 was major resistance for bulls as Nifty failed to close above it, HIgh made on Friday was 8696. Lets analyze how to trade nifty in coming August Expiry week.

Nifty Hourly Chart

Nifty is  trading in range of 247 from past 20 trading session as shown in hourly chart above

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Nifty close to complete its time correction, EOD Analysis

• FII's bought 3.6 K contract of Index Future worth 232 cores ,5.7 K Long contract were added by FII's and 2 K short contracts were added by FII's. Net Open Interest increased  by 7.8 K contract, so fall in market was used by FII's to enter long and enter shorts  in  Index futures. Trading Psychology : Walking The Plank

 As discussed in Yesterday Analysis    Now Bulls need to close above the range of 8711 for next move towards 8779-8800-8851. Bears will get active on close below 8484 only.  Its been 20 days we have traded in range of 204 points 8517-8721, suggesting market is seeing time correction frustrating traders and hitting SL, traders who survive  this phase by applying risk and money management are rewarded handsomely in the next move . High made today was 8696 so bulls need to wait for break of

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Trading Psychology : Walking The Plank

The mind is very powerful. We interpret things based on how comfortable we are, and we decide to take action based on that perceived comfort level. It reminds me of something I once heard from a psychology professor giving a lecture. I’ve adapted it a bit for trading.
I want you to imagine that trading is like walking across a 20 foot long wooden board that is 12 inches wide and 2 inches thick.

In the first scenario, the board is on the ground and your task is to walk across it. You have all the physical and mental skills needed to walk across the board. It’s a pretty easy task, right? If you want, you can close your eyes for a moment and think about or imagine yourself standing on one end of the board and facing this task. You can probably see yourself doing it without any problems. A very simple task indeed.

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Short Stories that Will Change the Way You Think

Looking at Mirror  One day all the employees reached the office and they saw a big advice on the door on which it was written: “Yesterday the person who has been hindering your growth in this company passed away. We invite you to join the funeral in the room that has been prepared in the gym”.  In the beginning, they all got sad for the death of one of their colleagues, but after a while they started getting curious to know who was that man who hindered the growth of his colleagues and the company itself.

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IRB Sun TV and Glenmark Gann Analysis

IRB

Positional Traders can use the below mentioned levels

Close above 221 Tgt 228/233

Intraday Traders can use the below mentioned levels

Buy above 221 Tgt

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Nifty bulls waiting for close above 8711,EOD Analysis

• FII's sold 0.8 K contract of Index Future worth 45 cores ,6.8 K Long contract were added by FII's and 5.9 K short contracts were added by FII's. Net Open Interest increased  by 12.7 K contract, so rise in market was used by FII's to enter long and enter shorts  in  Index futures. Are you suffering from "Need to Be In a Trade" Syndrome

 As discussed in Yesterday Analysis    Now Bulls need to close above the range of 8711 for next move towards 8779-8800-8851. Bears will get active on close below 8484 only. Nifty formed inside day candlestick today,suggesting impulsive move can be seen in next 2 trading session. Its been 18 days we have traded in range of 204 points 8517-8721, suggesting market is seeing

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Bank nifty fire above 19158,EOD Analysis

As discussed in Last analysis  Now Bulls again need close above 19158 for move towards 19500 and bear will get active only on close below 18500, in between its just time correction. Bank Nifty closed above 19000 for second day in a row but failed close 19150 high made was 19138, It has been 25 days bank nifty is trading in range of 600 points  18450-19150 , suggesting break and close above 19150 or 18450 can see fast move of 600 points, Bank nifty finally broke the 600 point range as shown in the 3 chart and target is mentioned, Bulls now need a close above 19367, Also Butterfly pattern suggests target of 19600 and on Gann arc Bank Nifty closed above the red double arc suggesting close above 19367 we can see fast move towards 19600/19700. Bulls need close above 19367  for target of 19650/19766, Bears below 19000 for target of 18800/18500.   Do You Trade Market or Your Emotions?

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Positive Breakouts:TVS Motor Dabur and M&M Finance

TVS Motor

Positional Traders can use the below mentioned levels

Close above 315 Tgt 322/333/340

Intraday Traders can use the below mentioned levels

Buy above 315 Tgt

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Nifty forms inside day candlestick pattern,EOD Analysis

• FII's sold 2.1 K contract of Index Future worth 125 cores ,1.6 K Long contract were added by FII's and 3.7 K short contracts were added by FII's. Net Open Interest increased  by 5.4 K contract, so fall in market was used by FII's to enter long and enter shorts  in  Index futures. Are you suffering from "Need to Be In a Trade" Syndrome

 As discussed in Yesterday Analysis    Now Bulls need to close above the range of 8711 for next move towards 8779-8800-8851. Bears will get active on close below 8484 only. High made today was 8667 so bulls need to wait for break of 8711-8723 range for further upmove. Nifty formed inside day candlestick today,suggesting impulsive move can be seen in next 2 trading session.

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Bank Nifty continue to close above 19000,EOD Analysis

As discussed in Last analysis  Now Bulls again need close above 19158 for move towards 19500 and bear will get active only on close below 18500, in between its just time correction. Bank Nifty closed above 19000 for second day in a row but failed close 19150 high made was 19138, It has been 25 days bank nifty is trading in range of 600 points  18450-19150 , suggesting break and close above 19150 or 18450 can see fast move of 600 points suggesting time correction is taking place and we have been discussing the same in past analysis. Bulls need close above 19158 for target of 19500/19650, Bears below 18450 for target of 18222/18000.   Do You Trade Market or Your Emotions?

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Do You Trade Market or Your Emotions?

Nifty did a one way ride last 6 months from low of 6825 till recent high of 8723. One of the most spectacular rally seen  in recent time. These kinds of rallies (2006/2007/2014) and falls have been coming and will be coming for next many many years. But important thing is were you part of this rally,If yes were you on right side ie. Long side.
Most of traders missed the rally or were shorting the whole rally Very few traders were able to milk this rally. What different they have done.

They had Self Control and Discipline over them.

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Crompton, Hindalco and Bharti Harmonic Analysis

Crompton G

Positional Traders can use the below mentioned levels

Unable to cross 88 Tgt 84/81

Intraday Traders can use the below mentioned levels

Buy above 86 Tgt

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Nifty continues with its time correction,EOD Analysis

• FII's sold 1.2 K contract of Index Future worth 106 cores ,2.7 K Long contract were added by FII's and 4 K short contracts were added by FII's. Net Open Interest increased  by 6.8 K contract, so fall in market was used by FII's to exit long and enter shorts  in  Index futures. Are you suffering from "Need to Be In a Trade" Syndrome

 As discussed in Yesterday Analysis    Now Bulls need to close above the range of 8711 for next move towards 8779-8800-8851. Bears will get active on close below 8484 only. High made today was 8682 so bulls need to wait for break of 8711-8723 range for further upmove. Bears will get active below 8484. Its been 17 days we have traded in range of 204 points 8517-8721

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Bank Nifty close above 19000,EOD Analysis

As discussed in Last analysis  Now Bulls again need close above 19158 for move towards 19500 and bear will get active only on close below 18500, in between its just time correction. Bank Nifty finally closed above 19000 after intraday volatility, It has been 25 days bank nifty is trading in range of 600 points  18450-19150 , suggesting break and close above 19150 or 18450 can see fast move of 600 points suggesting time correction is taking place and we have been discussing the same in past analysis. Bulls need close above 19158 for targetof 19500/19650, Bears below 18450 for target of 18222/18000.   Are you suffering from "Need to Be In a Trade" Syndrome

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Are you suffering from "Need to Be In a Trade" Syndrome

Common Reason for Losing money by most of traders is , We make money is 3-4 trades but lose it all in next 1-2 trades. Trying to be in trade all the time is one of the main reason of not being a profitable trader. Most of the trades want to take part in all market moves and if they get correct 2-3 moves they become overconfident and start going easy on their trading discipline and lose all or majority of profit. The viscous cycle keep on repeating again and again.
The most important trait a trader needs to develop is to know when to be in market and when t be out. There are  times that we need to sit on the sidelines as the markets may not doing what we anticipate.  This could occur because the markets are moving sideways as in current scenario, Nifty is stuck in 200 point range from past few sessions.

Why traders suffers from Need to Be In a Trade

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Dish TV Jet and Just Dial Trend Line Analysis

DISH TV

Positional Traders can use the below mentioned levels

Close above 89 Tgt 92/94/97

Intraday Traders can use the below mentioned levels

Buy above 88.4 Tgt

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Bank Nifty formed second Hanging man,Weekly Forecast

Last Week we gave Chopad Level 19054  Bank Nifty gave Short entry on Monday  which did 3 target on downside, Low made was 18537 near our final target of 18550 . Lets analyze how to trade in coming week.Lets analyze How to trade in coming week.

Bank Nifty Hourly

 As discussed in last Analysis Coming week 18550-500 range which is middle line line of channel, holding the same we can see bounceback towards 19000. Break of 18500 can see move towards 18264. Bank Nifty did not close below 18500 and saw pullback on Friday

Coming Week break of 19000 can again seen

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Nifty formed second Hanging man,Weekly Forecast

Last Week we gave Chopad Levels  of 8717, Nifty gave Short entry on Monday did all 3 target on downside , High made was 8724 near our chopad levels  rewarded chopad followers handsomely as Nifty made low of 8540 near our final target of 8577 before giving an impulsive rally as explained in daily analysis using gann  . Last Week Chopad Level of 8717 was major resistance for bulls as Nifty failed to close above it. Lets analyze how to trade nifty in coming week.

Nifty Hourly Chart

Nifty is  heading towards 8760-8790 zone where next level

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Nifty rallies 100 point above 8577,EOD Analysis

• FII's sold 2.5 K contract of Index Future worth 173 cores ,5.2 K Long contract were liquidated by FII's and 2.7 K short contracts were liquidated by FII's. Net Open Interest increased  by 7.9 K contract, so rise in market was used by FII's to exit long and exit shorts  in  Index futures. WD Gann Trading Rules Part-II

 As discussed in Yesterday Analysis   Bears failed to do follow up move below 8577 and bulls were able to close above 8577 suggesting nifty can see another upmove towards 8656/8752. We are near trend change as per horizontal line and as per time analysis expect an impulsive move tomorrow. Nifty made low of 8604 and rallied towards 8656, More than 100 points above 8577 gann level and also

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Bank Nifty rallies above 18700,EOD Analysis

As discussed in Last analysis  As seen in below chart we are again near a trend change as prices are near horizontal line, suggesting if 18443-18500 is held we can again see a move till 18900-19000 range.  Break of 18700 will signify we can see another move towards 19000 range. Bank Nifty made low of 18695 near our trigger of 18700 and zoomed to touch the high of 18695. So we held of to 18700 and made a dash towards 19000. Gann again helped in identifying the trend change near the vertical line. Now Bulls again need close above 18158 for move towards 19500 and bear will get active only on close below 18500, in between its just time correction.  WD Gann Trading Rules Part-II

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WD Gann Trading Rules Part-II

In Continuation with Previous Article

Avoid taking small profit and big losses. Even with accuracy of 80% a trader might remain in a loss if he is taking big small profit and small losses. Options sellers operate at accuracy of above 99%, where the profits are small, while the 1% cases of loss could be big that they wipe out all the profits. Mark Douglas talked about a trader who had only 5% of winning trades, but his profitable trades were phenomenally profitable, while he was very quick to get out of a losing trade. His 5% profitable trades were able to pay off for all the 95% losing trades and also bought him into net Profit in the end of each financial year.

Never cancel a stop order after you have fixed it after entering the trade as you fixed that stop because of some purpose. Stop gets hit come and again read this list of WD Gann Trading Rules.

Avoid getting in and out of market too often, very similar to over trading rule.

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WD Gann Trading Rules Part-I

W D Gann laid very fundamental strong set of rules for trading in any markets. Though these rules were written in 1930s and the markets were much different and those time, however these rules are still valid and applicable and traders who can follow these rules may ensure a successful trading career.
Many legendry traders follow WD Gann Trading Rules and Gann Trading Techniques in today’s markets and have achieved success and so can other traders. Also, please ensure you read the last para as that will be very crucial to follow these rules and set them in your sub conscious mind gradually.

Capital sub division. Divide your trading capital in 10 equal parts and never risk more than one- tenth of your capital on any one trade. Trading Capital means trading capital and William Gann was trying to say that you must still have ensured your financial security before coming to the financial markets by keeping a major fund safe for future needs. So if your net worth is USD 100,000, then you must have secured 90% for your future and used 10% as trading capital and hence only USD 1,000 which is 1% of the total net worth should be used for each trade.

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Think twice before you leap

A very loving couple have been married for over 10 years without any child and
it was becoming their 11th year. Steve and Sarah stayed with each other and greatly hoped that they will have a child before their 11th year of marriage runs out because they were under persuasion from friends and family members to get a divorce .
but they couldn’t let go because of the strong bond of love between them.
Months passed and one day, while Dave was returning from work, he saw his wife walking down the road with a man.
The man had his arms around her neck and they looked very happy.
For over a week, he saw the same man with his wife at various places and

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Sybly Industries looks ripe for further gains

Sybly Industries

We have covered this stock in our Last 3 Analysis
1 Analysis
Traders can take long in range of 8-8.2 with SL of 7.7 and Target of 9.2-9.5.
2 Analysis
Traders can take long in range of 9-9.3 with SL of 8.5 and Target of 11.5-12 .
3 Analysis
Traders can add to exiting long from 9.3  9-9.3 in range 10.2-10.3 with SL of 9.5 and Target of 11.56-12-12.9  .
From 8 to 12.2 Stock almost gave 40% return in 2 months time frame. Sybly Industries declared its result yesterday as below

BSE listed SYBLY Industries Ltd, engaged into manufacture of Polyester Yarn and Embroidery Thread at its ultra modern, state-of-art manufacturing unit at Gaziabad has reported strong set of numbers with 46.67% growth in sales at Rs.23.19 cr in Q1FY17 vs Rs.15.81 cr in Q1 FY16  and EBITDA Jumped by 271% to Rs.1.28 cr in Q1FY17 vs Rs.0.34 cr in Q1 FY16; company reported 400 bps expansions in EBITDA margin during the Q1FY17. PAT grew to Rs.0.98 cr in Q1FY17 vs Rs.0.017 cr in corresponding qtr of last year.

Fundamentally price has started justifying the price

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Nifty Bulls close above 8577 again,EOD Analsysis

FII's sold 0.03 K contract of Index Future worth 6 cores ,135 Long contract were liquidated by FII's and 0.02 K short contracts were added by FII's. Net Open Interest increased  by 72 contract, so rise in market was used by FII's to exit long and enter  shorts  in  Index futures. Why Traders lose money  Part-II

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Bank Nifty forms DOJI, EOD Analysis

As discussed in Last analysis  As seen in below chart we are again near a trend change as prices are near horizontal line, suggesting if 18443-18500 is held we can again see a move till 18900-19000 range.  Low made today was 18537 and bank nifty formed DOJI near the horizontal line suggesting trend change can happen tomorrow. Break of 18700 will signify we can see another move towards 19000 range.  Why Traders lose money  Part-II

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Why Traders lose money Part-II

In Continuation with Previous Article Why Traders lose money  Part-I

Not Cutting Losing Position

One of the things that really separates professional traders from amateur is when to exit the position. Rather than “hold and hope”, disciplined traders will take the loss and get out asap. Professional traders do not chase trade but learn from the mistakes of the trade and move on.

Holding Too Many Open Positions

If you have too many option positions which you cannot manage can again lead to loss. During highly volatile move having large number of open positions lead to big loss if they go against you and trader does not get time to exit also.

Excessive

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Grasim Bank Baroda and Godrej Supply Demand Analysis

GRASIM

Positional Traders can use the below mentioned levels

Holding 4803 Tgt 4928/5046

Intraday Traders can use the below mentioned levels

Buy above 4874  Tgt

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Nifty saw impulsive down move below 8677,EOD Analysis

FII's bought 1.6 K contract of Index Future worth 92 cores ,2.2 K Long contract were added by FII's and 0.5 K short contracts were added by FII's. Net Open Interest increased

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Bank Nifty saw impulsive down move below 18915,EOD Analysis

As discussed in Last analysis  Bulls need a close above 19028 for a move till 19158/19230 and bears below 18915 for a move till 18736/18663/18590.  Low made today was 18611 so we almost did the target of 18590, as soon as price went below 18915 bears had upperhand. As seen in below chart we are again near a trend change as prices are near horizontal line, suggesting if 18443-18500 is held we can again see a move till 18900-19000 range.  Why You Can't Cut Losses

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Jet Airways Tata Global and Star Harmonic Pattern Analysis

Tata Global

Positional Traders can use the below mentioned levels

Unable to close above  149 Tgt 139

Intraday Traders can use the below mentioned levels

Buy above 144 Tgt

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