Where learning ends, beginning of practice happens and that is transformation !!

A young martial artist kneeling before the Master Sensei in a ceremony to receive a hard-earned black belt. After years of relentless training, the student has finally reached a pinnacle of achievement in the discipline. "Before granting the belt, you must pass one more test," says the Sensei.
"I am ready," responds the student, expecting perhaps one final round of sparring.
"You must answer the essential question: What is the true meaning of the black belt?"
"The end of my journey," says the student. "A well-deserved reward for all my hard work."
The Sensei waits for more. Clearly, he is not satisfied. Finally, the Sensei speaks.
"You are not yet ready for the black belt. Return in one year."
A year later, the student kneels again in front of the Sensei.
"What is the true meaning of the black belt?" asks the Sensei.
"A symbol of distinction and the highest achievement in our art," says the student.


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Ashok Leyland Jet Airways Bank India Supply Demand Analysis

Ashok Leyland

Positional Traders can use the below mentioned levels

Close below 76 Target 70

Intraday Traders can use the below mentioned levels

Buy above 76 Tgt

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Nifty Technical Analysis after India's Surgical Strike

• FII's bought 13.8 K contract of Index Future worth 875 cores ,154 K Long contract were liquidated by FII's and 56.8 K short contracts were liquidated by FII's. Net Open Interest decreased  by 211 K contract, so fall in market was used by FII's to exit long and exit shorts  in  Index futures. Forecasting and Trading

 As discussed last Analysis    Nifty made low of 8690 but closed above 8700, suggesting bulls can see a move till 8787/8806 holding 8700 which is also gann angle support as shown in below chart, bears will get active below 8656 for a move towards 8600/8520. Bulls continue to hold 8700 and gann angle line and pushed nifty towards 8767, but again fail to cross above 8750. Bulls need a close above 8750 for a move towards 8800/8888. 8656 was broken at

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Bank Nifty Technical Analysis after India's Surgical Strike

 As discussed in Last analysis   Bulls need a close above 19732 for a move till 19904 and 20000.Bears will be active below 19451 for a move towards 19300/19100. Bank Nifty opened at 19763 made high of 19793 but got quickly sold off in first 15 mins of trading and as soon as 19451 which got broken at 12:30 within 5 mins bank nifty did 19300 and 19100 by 2:25 PM today, Trading is all about preparation and execution of the plan. As seen in below charts, break of 19096 can see fast fall towards 18846 and 18500 in short term. Bullish only on close above 19450 only.  Congratulations to our Rock Solid Army for the SurgicalStrike   Forecasting and Trading

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Forecasting and Trading

Salute the Indian Army, for protecting our national security with a strong reply to the terrorists.
Market do not like uncertainty and same has been caused by this event, As Humans we are always interested in knowing the market turning points, but when its come to trading. Remember the golden rule
“trading is not about predicting”
Like most people when I first started to trade in the markets I was under the impression that to make money from trading I had to know what the market was going to do.  I watched a lot of Blue Channels, reading lot of business news where the vast majority of the time what you see is a guest/regular making predictions about what was going to happen next for a stock or index.  As a result of this most traders, are not able to sustain in market for less than a year as they bust there trading account with no risk and money management involved.   It is fairly uncommon to do very well early on in trading so usually what happens is that instead of focusing more on your execution: exit strategy, position sizing, risk management, etc. you focus more on getting better at predicting the markets.


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3 Mantra of Successful Trading Part-II

In Continuation with Previous Post
In last Post we discussed about Trading Method today we will discuss about the remaing 2 mantra

• Money management That is simply how much  you trade with, stop loss points and how much you are risking in each trade.

• Traders Mind Set This for me is the most important thing leading to trading success, this can be described as being able to control your fear, your greed and having discipline overall to stick to your system regardless of what the next guy is doing.

Money management
Proper money management make

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CESC

Intraday Traders can use the below mentioned levels

Buy above 621 Tgt

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Nifty held on to gann trendline, Will it Bounce, EOD Analysis

• FII's sold 6.1 K contract of Index Future worth 356 cores ,9 K Long contract were added by FII's and 15.2 K short contracts were added by FII's. Net Open Interest increased  by 24.2 K contract, so fall in market was used by FII's to enter long and enter shorts  in  Index futures. 3 Mantra of Successful Trading

 As discussed last Analysis    8715 low made today and close below 8750 level, suggesting bears have upper hand now can push nifty towards 8675/8650 levels which is extended ABCD pattern target, As we are near gann angle so if we hold on to 8700 tomorrow we can see bounce back till 8787/8806/8832 levels. Close below 8700 can push index towards 8650/8577 levels, exciting expiry coming.  Nifty made low of 8690 but closed above 8700, suggesting bulls can see a move till 8787/8806 holding

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Bank Nifty holds 19500 and gann trendline,EOD Analysis

As discussed in Last analysis  Now bulls should hold the 19450-19500  range near gann angle line for upmove back towards 19800/20200. Close below 19500 can quickly push bank nifty towards 19360/19100. Bank Nifty continue to hold 19500 and gann trendline as shown in below chart,Bulls needs to hold 19451-19500 range for target of 19732. Any close below 19451  target of 19300/19100.   3 Mantra of Successful Trading

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3 Mantra of Successful Trading

A Student of mine told me this "I am doing great when doing paper trading but  when it comes to trading in the real world, I am still not winning as i am expecting myself to be."
The hard truth all traders eventually learn is that trading is far more difficult when you sit in front of your trading terminal with real money even if you have a very effective trading strategy.
There are 3 basic things we need to develop over a period of time to be a good trader. They are Mind, Money and Method. All there should be in sync if we want to succeed. You have the best strategy but not having mental discipline it will not work out. All 3 are MUST to be successful trader.

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BHEL ITC Crompton Price Channel Analysis

BHEL

 

 

Intraday Traders can use the below mentioned levels

Buy above 144 Tgt

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Nifty complete ABCD pattern target,EOD Analysis

• FII's sold 18.6 K contract of Index Future worth 1120 cores ,22.5 K Long contract were liquidated by FII's and 3.9 K short contracts were liquidated by FII's. Net Open Interest decreased  by 26.4 K contract, so fall in market was used by FII's to exit  long and exit  shorts  in  Index futures. With self-confidence & Perseverance, Never Give Up

 As discussed last Analysis   Now for next 2 days range of 8910-8928 is very crucial zone unable to close above it nifty can see another round of down move towards 8760/8700. There are 2 cycle working currently for nifty one from 8968 which was price and time square and another one was from 8750 , both are price and time square, market has to break anyone of the level for trending move, else we will keep rotating in this range. Bulls need a close above 8928 for a move till 8968/9056/9120, Bear below 8700. Bulls again failed to close above 8910-8928 range, when 2 cycle are at work such choppy moves are bound to happen, its like both bulls and bears are trying hard but none of them are succeeding, Also we are forming a bearish ABCD pattern which showed its effect last friday , we can correct till 8809/8758/8700 in short term. Bullish only on close above 8928.  8715 low

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Bank Nifty corrects 600 points from gann line of resistance,EOD Analysis

As discussed in Last analysis   As seen in below gann chart, Bank Nifty opened at the gann resistance line also opened below 20155 suggesting correction on cards as we discussed, low made 19861 and by Monday we should get our target of 19800/19700. Bank Nifty is trading in a range 20250-19700 doing time correction before the next trending move. Bulls will get active on close above 20155 and bears on close below 19700. Bank Nifty followed the gann line of resistance and corrected back towards gann angle line as shown in above chart, almost 600 point correction in 3 trading session

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Dabur SBI Rel Infra Trendline Analysis

Dabur

 

Intraday Traders can use the below mentioned levels

Buy above 283.2 Tgt

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Bank Nifty Weekly Outlook and Trend for September Expiry

Last Week we gave Chopad Level 19800  Bank Nifty Longs got triggered on Tuesday did the 1  target on upside ,  Lets analyze how to trade bank nifty in coming  week.

Bank Nifty Hourly

On Hourly chart bulls need to held 19750-19700 zone

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Nifty Weekly Outlook and Trend for September Expiry

Last Week we gave Chopad Levels  of 8777, Nifty gave Long Entry on Monday which got stopped out on Tuesday as close was below chopad level, Short take again on Tuesday were again stopped out on Wednesday as close was above chopad level, But Long Taken on Wednesday rewarded the discipline chopad followers as next day we open gap up and did the 1 target on upside.  Lets analyze how to trade nifty in coming  week as we are entering a crucial week as per gann analysis.

Nifty Hourly Chart

Nifty continue to trade in its triangle pattern

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Introduction to Bollinger Bands

Introduction

Developed by John Bollinger, Bollinger Bands are volatility bands placed above and below a moving average. Volatility is based on the standard deviation, which changes as volatility increases and decreases. The bands automatically widen when volatility increases and narrow when volatility decreases. Bollinger Bands are similar to moving average envelopes. The difference between Bollinger Bands and envelopes is envelopes are plotted at a fixed percentage above and below a moving average, whereas Bollinger Bands are plotted at standard deviation levels above and below a moving average. Bollinger bands are drawn within and surrounding the price structure of a trading instrument. It provides relative boundaries of highs and lows.

Calculation

Bollinger Bands are displayed as th

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Nifty forms Bearish ABCD pattern,EOD Analysis

• FII's bought 5.2 K contract of Index Future worth 385 cores ,4.8 K Long contract were added by FII's and 0.4 K short contracts were liquidated by FII's. Net Open Interest increased  by 4.3 K contract, so fall in market was used by FII's to enter long and exit  shorts  in  Index futures. With self-confidence & Perseverance, Never Give Up

 As discussed last Analysis   Now for next 2 days range of 8910-8928 is very crucial zone unable to close above it nifty can see another round of down move towards 8760/8700. There are 2 cycle working currently for nifty one from 8968 which was price and time square and another one was from 8750 , both are price and time square, market has

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Bank Nifty corrects from Gann Resistance line,EOD Analysis

As discussed in Last analysis  Bank Nifty opened above 19928 made a high of 20264 but closed below 20155, today high is very important and unable to close above it tomorrow can see correction back till 19800-19700 zone. Bullish only on close above 20155 for target of 20500. As seen in below gann chart, Bank Nifty opened at the gann resistance line also opened below 20155 suggesting correction on cards as we discussed, low made 19861 and by monday we should get our target of 19800/19700. Bank Nifty is trading in a range 20250-19700 doing time correction before the next trending move. Bulls will get active on close above 20155 and bears on close below 19700.  With self-confidence & Perseverance, Never Give Up

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With self-confidence & Perseverance, Never Give Up

I had an opportunity to interact with the readers of a famous Magazine. It was a two-day program. At the end of the program, a young man asked me:
'Swamiji! I am a postgraduate. It is more than ten years since I completed my studies. So far, I have not received even a single interview card from the employment exchange. So, I am working as a cashier in a restaurant.
This job has no connection whatsoever with my educational qualifications. Last month, there was a shortage of cash at the counter. I do not know how it happened. The shame of being accused loomed large in my mind. I thought I could pawn one of my wife's jewelry and replace the missing amount. But my wife refused. I asked my mother. She only fired me, but did nothing to help me! In this world, my own mother and wife were not ready to save my honor!'
I told him, ‘Leave alone the fact that your mother and wife not trust you. Do you trust yourself? Think deeply!


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Reliance VEDL TVS Motor ABCD Harmonic Pattern Analysis

Reliance

Positional Traders can use the below mentioned levels

Close below 1076 Tgt 1042/1021

Intraday Traders can use the below mentioned levels

Buy above 1096 Tgt

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Nifty Bulls gets rewarded for holding gann support zone, EOD Analysis

• FII's sold 3.5 K contract of Index Future worth 299 cores ,2.6 K Long contract were liquidated by FII's and 0.8 K short contracts were added by FII's. Net Open Interest increased  by 1.8 K contract, so rise in market was used by FII's to exit  long and enter shorts  in  Index futures. The Ten Tasks of Top Traders

 As discussed last Analysis   Holding 8760 we can see another upmove towards 8860/8928, Bears will get active only below 8700 for target of 8656/8600. High made today was 8893 so nifty traders were able to profit on gap today as nifty did not break 8760 and did the target of 8860 and almost near to next target of 8928. Now for next 2 days range of 8910-8928 is very crucial zone unable to close above it nifty can see another round of down move towards 8760/8700.

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Will Bank Nifty close above 20230 for further upmove ,EOD Analysis

As discussed in Last analysis Bulls need a close above 19928 to be back in the game for target of 20155, Any close above 20155 will take us towards 20576/20600 levels. Bears below 19700 can push bank nifty towards 19451. Bulls need a close above 19928 for a move towards 20155/20380. Bears will get active only below 19700 for target of 19451. Bank Nifty did not close above 19928 also above the gunner arc,also below 19700 suggesting we are trading in range as we have meeting of central bank of US,EU and Japan on Wednesday and Thursday,suggesting market will wait for uncertainty to go by before taking next move, Keep an eye on our trigger level for next 2 trading sessions. Bank Nifty opened above 19928 made a high of 20264 but closed below 20155, today high is very important and unable to close above it tomorrow can see correction back till 19800-19700 zone. Bullish only on close above 20155 for target of 20500.

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The Ten Tasks of Top Traders

Daily self analysis: My Guru used to tell me, Real Trading start after market closes, During market hours you are just executing the plan which you made after market closes based on various scenarios which can happen. More you know about yourself better your trading will become. How you react when your SL is Hit, Target are achieved etc.
Daily mental rehearsal: Ask any successful guy, He will always tell  We are what we think of our self, Trading also we need to do lot of mental rehearsal, training our sub conscious mind, on how to take trade, when not to take trade, when to stop trading etc.
Developing a low risk idea: Trade with the odds on your side with a defined risk based on your trading system.
Stalking: Wait for the entr

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Nifty hold on to Gann Support zone before Fed Policy,EOD Analysis

• FII's bought 6.3 K contract of Index Future worth 444 cores ,5.6 K Long contract were added by FII's and 0.71 K short contracts were liquidated by FII's. Net Open Interest increased  by 4.8 K contract, so rise in market was used by FII's to enter long and exit shorts  in  Index futures. Characteristics Of Loss making Traders

 As discussed last Analysis   Holding 8760 we can see another upmove towards 8860/8928, Bears will get active only below 8700 for target of 8656/8600. Low made today was 8757  so nifty continue to hold 8750 and made high of 8826 now

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Bank Nifty ready big move,EOD Analysis

As discussed in Last analysis Bulls need a close above 19928 to be back in the game for target of 20155, Any close above 20155 will take us towards 20576/20600 levels. Bears below 19700 can push bank nifty towards 19451. Bulls need a close above 19928 for a move towards 20155/20380. Bears will get active only below 19700 for target of 19451. Bank Nifty did not close above 19928 also above the gunner arc,also below 19700 suggesting we are trading in range as we have meeting of central bank of US,EU and Japan on Wednesday and Thursday,suggesting market will wait

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Characteristics Of Loss making Traders

Trading is a profession where its Survival for Fittest, You need to work hard for making money, even if you are having 10 years of experience but still you might be losing money. So what are the qualities of loss making traders, If you are having any of them, start working on getting rid of them and start moving on path of profitable trading.

• Loss Making Trader do not understand the importance of  risk and money management.

• They do not understand the importance of  trader psychology.

They Learn a system from somewhere and


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Titan Tata Steel Jubilant Food Gann Angle Analysis

Titan

Positional Traders can use the below mentioned levels

Close above  406 Tgt 417/424

Intraday Traders can use the below mentioned levels

Buy above 403.5 Tgt

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Nifty continue to hold Gann Support zone,EOD Analysis

• FII's sold 1.6 K contract of Index Future worth 89 cores ,0.4 K Long contract were added by FII's and 2.1 K short contracts were added by FII's. Net Open Interest increased  by 2.6 K contract, so fall in market was used by FII's to enter long and enter  shorts  in  Index futures. The Casino Mentality In Trading

 As discussed last Analysis   Holding 8760 we can see another upmove towards 8860/8928, Bears will get active only below 8700 for target of 8656/8600. Low made today was 8759  so nifty continue to hold 8750 and made high of 8816 now need to head towards 8860/8928 holding 8760. Bears will be active only below 8700, As seen in below trading trading above 8830 can see move till 8928/8968 in near term.break of 8700 will push nifty towards 8600/8577. As per below chart expect impulsive move in next 2 trading session. Bank Nifty continue to trade in range,EOD Analysis

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Bank Nifty continue to trade in range,EOD Analysis

As discussed in Last analysis Bulls need a close above 19928 to be back in the game for target of 20155, Any close above 20155 will take us towards 20576/20600 levels. Bears below 19700 can push bank nifty towards 19451. Bulls need a close above 19928 for a move towards 20155/20380. Bears will get active only below 19700 for target of 19451. Bank Nifty did not close above 19928 also above the gunner arc,also below 19700 suggesting we are trading in range as we have meeting of central bank of US,EU and Japan on Wednesday and Thursday,suggesting market will wait for uncertainty to go by before taking next move, Keep an eye on our trigger level for next 3 trading sessions.    The Casino Mentality In Trading

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The Casino Mentality In Trading

Any quick drive through Goa Casino makes it pretty clear who is making in the money – the Casinos!
Why do gamblers keep going back despite losing most of the time?

• Big hope of making good money in extreme short term.
• No Plan, Not understanding probabilities
• Not knowing when to Stop gambling
• Gambling based on Gut feel or emotions

These symptoms may sound familiar to loss making traders who have lost money in the stock market.
In gambling there are really only two sides to choose to be on, either you are a gambler or you are the house. The gamblers have the long term odds stacked against them. The more they gamble, the more the odds are that they will inevitably lose. The casino has stacked the odds on their side over the  long haul. The more the gambler keeps gambling, the more the odds shift in favor of the casino operator. The more they gamble the greater the chance the gambler will leave empty-handed.
Profitable traders operate like casinos, with the odds in their favor over the long term. They have learned to trade with historically, back-tested trading systems that put the odds on their side. Much like casino operators, they h

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Ashok Leyland Sintex Jet Airways Supply Demand Analysis

Ashok Leyland

Positional Traders can use the below mentioned levels

Close above  85 Tgt 87/89

Intraday Traders can use the below mentioned levels

Buy above 85 Tgt

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Bank Nifty trades in small range,EOD Analysis

As discussed in Last analysis Bulls need a close above 19928 to be back in the game for target of 20155, Any close above 20155 will take us towards 20576/20600 levels. Bears below 19700 can push bank nifty towards 19451. Bulls need a close above 19928 for a move towards 20155/20380. Bears will get active only below 19700 for target of 19451. Bank Nifty did not close above 19928 and also below 19700 suggesting we are trading in range as we have meeting of central bank of US,EU and Japan on Wednesday and Thursday,suggesting market will wait for uncertainty to go by before taking next move, Keep an eye on our trigger level for next 3 trading sessions.     EVERY SUCCESS STORY IS ALSO A STORY OF GREAT FAILURE

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Nifty continue to hold 8760,EOD Analysis

• FII's sold 6.2 K contract of Index Future worth 431 cores ,0.4 K Long contract were added by FII's and 6.7 K short contracts were added by FII's. Net Open Interest increased  by 7.2 K contract, so rise in market was used by FII's to enter long and enter  shorts  in  Index futures. EVERY SUCCESS STORY IS ALSO A STORY OF GREAT FAILURE

 As discussed last Analysis   Holding 8760 we can see another upmove towards 8860/8928, Bears will get active only below 8700 for target of 8656/8600. Low made today was 8774 so nifty continue to hold 8750 and made high of 8824, now need to head towards 8860/8928 holding 8760. Bears will be active only below 8700, As seen in below trading trading above 8830 can see

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Swing Trading Stocks:KSCL PTC Indusind Bank

KSCL

Positional Traders can use the below mentioned levels

Close above  355 Tgt 370/385

Intraday Traders can use the below mentioned levels

Buy above 356 Tgt

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Bank Nifty forms Weekly Gravestone Doji,Weekly Forecast

Last Week we gave Chopad Level 20001  Bank Nifty opened with gap down, hence not giving any opportunity to enter trade, Longs got triggered on Friday but did the 1  target on upside , Shorts triggered on Friday below 20001 did the first target of 19850. Lets analyze how to trade bank nifty in coming  week.  We salute all those martyred in Uri. Their service to the nation will always be remembered. Our  thoughts are with the bereaved families.

Bank Nifty Hourly

On Hourly chart bulls need to held 19700-19650 zone

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Nifty Weekly Forecast for 19-23 September

Last Week we gave Chopad Levels  of 8910, Nifty opened with gap down, hence not giving any opportunity to enter trade, Longs got triggred on Friday but did not achieved the target, Shorts triggered on Friday below 8820 did the first target of 8760. Lets analyze how to trade nifty in coming  week.  We salute all those martyred in Uri. Their service to the nation will always be remembered. Our  thoughts are with the bereaved families.

Nifty Hourly Chart

Nifty is again forming a triangle pattern which

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Nifty shows impulsive move,close above 8750, EOD Analysis

• FII's bought 6.2 K contract of Index Future worth 426 cores ,4.8 K Long contract were added by FII's and 1.3 K short contracts were added by FII's. Net Open Interest increased  by 3.4 K contract, so rise in market was used by FII's to enter long and exit  shorts  in  Index futures. EVERY SUCCESS STORY IS ALSO A STORY OF GREAT FAILURE

 As discussed last Analysis   Holding 8700 can lead to price and time square as per gann which can lead to fast rise. 8700 should be watched closely for the coming 3 days.  Bulls need close above 8760 for target of 8809/8862. Bears will get active on close below 8700 for target of 8656/8580. We saw the impulsive move as per gann time square we have been discussing.

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Bank Nifty sees rollercoaster ride, EOD Analysis

As discussed in Last analysis Bulls need a close above 19928 to be back in the game for target of 20155, Any close above 20155 will take us towards 20576/20600 levels. Bears below 19700 can push bank nifty towards 19451. Bulls need a close above 19928 for a move towards 20155/20380. Bears will get active only below 19700 for target of 19451. It was a High volatile day, as Bank Nifty moved above 19928 at opening and than quickly did the target of 20155, High made today was 20227 but we saw a rapid fall also and again close was below 19928. Most of the traders were not able to book profit as they were all looking for the higher target, Thats why i always emphasize on partial profit booking, trailing SL which every trader needs to implement to protect capital and profit. Always remember main aim is to protect capital, profit will come eventually. High made today is very crucial as its at the second green arc

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EVERY SUCCESS STORY IS ALSO A STORY OF GREAT FAILURE

Failure is the highway to success. Tom Watson Sr. said, "If you want to succeed, double your failure rate." If you study history, you will find that all stories of success are also stories of great failures. But people don't see the failures. They only see one side of the picture and they say that person got lucky: "He must have been at the right place at the right time."
Let me share someone's life history with you. This was a man who failed in business at the age of 21 ; was defeated in a legislative race at age 22; failed again in business at age 24; overcame the death of his sweetheart at age 26; had a nervous breakdown at age 27; lost a congressional race at age 34; lost a senatorial race at age 45; failed in an effort to become vice-president at age 47; lost a senatorial race at age 49; and was elected president of the United States at age 52.
This man was Abraham Lincoln.
Would you call him a failure? He could have quit. But to Lincoln, defeat was a detour and not a dead end.
In 1913, Lee De Forest, inventor of the triodes tube, was charged by the district attorney for using fraudulent means to mislead the public into buying stocks of his company by claiming that he could transmit the human voice across the Atlantic. He was publicly humiliated. Can you imagine where we would be without his invention?

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Hindalco STAR BHEL Technical Analysis

STAR

Positional Traders can use the below mentioned levels

Close above  1046 Tgt 1076/1120

Intraday Traders can use the below mentioned levels

Buy above 1042 Tgt

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Nifty Gann Chart suggest big move coming,EOD Analysis

• FII's sold 9.1 K contract of Index Future worth 591 cores ,7 K Long contract were liquidated by FII's and 2 K short contracts were added by FII's. Net Open Interest decreased  by 5  K contract, so rise in market was used by FII's to exit long and enter shorts  in  Index futures. Avoiding Impulsive Trading

 As discussed last Analysis    Below 8951/8910 bears had upper hand as we have discussed before in our analysis, High made yesterday was 8939 nifty was not able to go above 8951 and broke 8910 also, suggesting bears have upperhand and we can see all the was till 8820/8760. 8756-8760 if and when it comes is very important level, if held nifty can again make one more attempt towards 9000. Bears did 8700 below 8910, Now we are near very crucial gann line support as shown in below chart, close below Monday low of 8700 can see quick fall till 8656-8580 range. Bulls will get active only above 8760 for a move towards 8968/9000 again. Holding 8700 can lead to price and time square as per gann which can lead to fast rise. 8700 should be watched closely for the coming 3 days. Nifty made High of 8751 close well above 8700 but unable to close above 8760 and holding the gann support line as shown above.

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Bank Nifty holds 19730 for 3 days ,EOD Analysis

As discussed in Last analysis Bank Nifty made exact low of 19735 near our demand zone of 19738 and bounced back, Now bulls need a close above 19928 to be back in the game for target of 20155, Any close above 20155 will take us towards 20576/20600 levels. Bears below 19700 can push bank nifty towards 19451. Low made today was 19732 again held on to demand zone as we have been discussing but unable to close above 19928. Bulls need a close above 19928 for a move towards 20155/20380. Bears will get active only below 19700 for target of 19451. What is a Trading Plan?

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What is a Trading Plan?

A trading plan is a  set of rules, to define your trading activity. The time you sit in front of screen till the close of trade everything should be documented in trading plan. It has your entry,exit, profit booking SL levels and also your psychological strength and weakness.  It can be an extremely useful tool to help you focus on planning and executing your trading strategy.
There is no absolute blueprint for the perfect trading plan – every trader is unique, and different styles suit different people – Let me share the universal things which should be included in trading plan.

Without a trading plan you’re just gambling in the markets.

Understanding about Yourself

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Nifty continue to hold gann trendline,EOD Analysis

• FII's sold 9 K contract of Index Future worth 551 cores ,2 K Long contract were liquidated by FII's and 6.9 K short contracts were added by FII's. Net Open Interest increased  by 4.9  K contract, so rise in market was used by FII's to exit long and enter shorts  in  Index futures. Avoiding Impulsive Trading

 As discussed last Analysis    Below 8951/8910 bears had upper hand as we have discussed before in our analysis, High made yesterday was 8939 nifty was not able to go above 8951 and broke 8910 also, suggesting bears have upperhand and we can see all the was till 8820/8760. 8756-8760 if and when it comes is very important level, if held nifty can again make one more attempt towards 9000. Bears did 8700 below 8910, Now we are near very crucial gann line support as shown in below chart, close below Monday low of 8700 can see quick fall till 8656-8580 range.

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Bank Nifty continue to hold demand zone,EOD Analysis

As discussed in Last analysis Bank Nifty made exact low of 19735 near our demand zone of 19738 and bounced back, Now bulls need a close above 19928 to be back in the game for target of 20155, Any close above 20155 will take us towards 20576/20600 levels. Bears below 19700 can push bank nifty towards 19451. Low made today was 19732 again held on to demand zone as we have been discussing but unable to close above 19928. Bulls need a close above 19928 for a move towards 20155/20380. Bears will get active only below 19700 for target of 19451. Avoiding Impulsive Trading

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Avoiding Implusive Trading

Here is a sequence I observe among many  losing traders
Trading Day begins with uncertainty. The trader isn't having any trading plan, Just saw global cues but not  sure which way the market is going, but feels the need to make a trade. Instead of sitting back , making a plan and let the level to come to initiate a trade , the trader is leaning forward, felling impulsive to take a trade.
The market moves higher and trader feel he is left out in this current move, and the urge to enter is so overwhelming followed by frustration of missing a great move.  The trader now expresses frustration, "I should have bought there."
The market comes down, then up.Consolidating the gains of the recent move. Suddenly the market move up one more time and the trader can't take it any more and jump into the market without confirming.

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Motherson Bharat Forge Petronet Gann Angles Analysis

Motherson SUmi

Positional Traders can use the below mentioned levels

Close below 310 Tgt 299/288

Intraday Traders can use the below mentioned levels

Buy above 316 Tgt

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Nifty near crucial gann support,EOD Analysis

• FII's sold 9.9 K contract of Index Future worth 597 cores ,3.4 K Long contract were liquidated by FII's and 6.4 K short contracts were added by FII's. Net Open Interest increased  by 2.9  K contract, so fall in market was used by FII's to exit long and enter shorts  in  Index futures. Would like to be able to trade without emotion.

 As discussed last Analysis    Below 8951/8910 bears had upper hand as we have discussed before in our analysis, High made yesterday was 8939 nifty was not able to go above 8951 and broke 8910 also, suggesting bears have upperhand and we can see all the was till 8820/8760. 8756-8760 if and when it comes is very important level, if held nifty can again make one more attempt towards 9000. Bears did 8700 below 8910, Now we are near very crucial gann line support as shown in below chart, close below Monday low of 8700 can see quick fall till 8656-8580 range. Bulls will get active only above 8760

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Will Bank Nifty Hold Demand Zone, EOD Analysis

As discussed in Last analysis   Bank Nifty still unable to close above 20491 and continue to move down, but still unable to break 20100, Bears need close below 20100 for a quick move towards 19928/19758. Bulls only active above 20491.  Bank Nifty made exact low of 19735 near our demand zone of 19738 and bounced back, Now bulls need a close above 19928 to be back in the game for target of 20155, Any close above 20155 will take us towards 20576/20600 levels. Bears below 19700 can push bank nifty towards 19451. Would like to be able to trade without emotion.

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Would like to be able to trade without emotion.

In a recent survey,I held on my Twitter  63% of traders indicated that they would like to be able to trade without emotion. Is this the same for you? Would you also like to be able to trade without emotion?

The reality is that you could not trade without emotion, and when you understand this and the role that emotions play in your decision making you would not want to trade without emotions.
For this you need to understand How your Brain Works
The main ‘controllers’ of emotional memories in our brains are the amygdala and the hippocampus.

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High leverage kills Trading account

Most professional traders trade one lot of Nifty Future for every 1.5 Lakh  in their trading  account.
Most of Retail Traders trade one lot of Nifty Future for every 50K-60K in their trading account
90% of Retail trader blow their account in less than 1 year. One of the main reason for losing money is Leverage.
Most of Brokers in India will allow you to open account and trade Futures and Options with just 20-30K capital also. They give leverage of more than 10-20 times and Retail traders feel happy to carry such big position and make money. But when the market turns opens gap down like it did today most of traders blow their account as they do not get chance to exit also.

The number one reason new traders fail is because they are undercapitalized from the start and don’t understand how leverage really works.

What is Leverage?

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Bank Nifty forms Shooting Star, Weekly Forecast

Last Week we gave Chopad Level 20001  Bank Nifty gave Long entry on Tuesday, who took position as per Chopad levels were rewarded handsomely , as it did all 3 target by Wednesday.  Lets analyze how to trade in coming week.

Bank Nifty Hourly

As discussed in last analysis  Now Bulls need a close above 20000 for further move towards 20300/20500 which is double target of breakout zone.
Support comes at the lower end of AF @19840-19950 zone. Resistance at 20500. Break of any of the zone can see fast move of 300-400 points.

Supply and Demand Analysis

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Nifty forms Gravestone DOJI,Weekly Forecast

Last Week we gave Chopad Levels  of 8910, Nifty  close above the chopad level on Monday giving Long entry to Chopad Followers and did all 1 target by Wednesday. Short also got triggered on Friday and did 1 target on downside. Lets analyze how to trade nifty in coming  week.

Nifty Gann Angles

Price and time square can happen if we come towards 8760-8780 range in coming week, which will lead towards another big move of 200-300 points. Coming week very crucial as per gann analysis.


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Nifty fails to go towards 9000, close below 8910, EOD Analysis

• FII's sold 6.1 K contract of Index Future worth 372 cores ,6.4 K Long contract were liquidated by FII's and 0.3 K short contracts were liquidated 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 exit shorts  in  Index futures. What separates amateur traders from the pros?

 As discussed last Analysis   Now 8951 will become the new 8577. Closing above it Nifty can move all the way towards 9045/9189/9334,Closing below it 8856/8716/8622 are the targets for the September series.  8910 will play very crucial role in next 2 trading session as break of that can see quick fall towards 8820 level and holding the same bulls will make one more attempt for a close above 8951 and move towards the sacrosanct level of 9000. Low made today was 8896 and nifty recovered to close just above 8951 level. Now Bulls will be able to materialize and close nifty above 9000 level

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Bank Nifty continue to trade below 20491, EOD Analysis

As discussed in Last analysis  Bank Nifty almost did the Wolf Wave pattern as we discussed, Now range of 20600-20675  is very cruical as this is next important gann level to be watched before heading towards all time high. Bears will get active below 20100 only. High made today was 20477, and close below 20491, Low made was near gann arc . Bulls need a close above 20491 and also close above 20675 for a next move towards the all time high. Bears have chance only below 19990. As per gunner chart we can expect another impulsive move of 200-300 point in next 2 trading session.  Bank Nifty still unable to close above 20491 and continue to move down, but still unable to break 20100, Bears need close below 20100 for a quick move towards 19928/19758. Bulls only active above 20491. What is true happiness in life?

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HUL Glenmark Sun Pharma MML Analysis

HUL

Positional Traders can use the below mentioned levels

Close above 954 Tgt 966/987

Intraday Traders can use the below mentioned levels

Buy above 954 Tgt

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Nifty heading towards 9000, EOD

• FII's sold 0.08 K contract of Index Future worth 56cores ,2.1 K Long contract were added by FII's and 2.9 K short contracts were added by FII's. Net Open Interest increased  by 5.1  K contract, so rise in market was used by FII's to enter long and enter  shorts  in  Index futures. What separates amateur traders from the pros?

 As discussed last Analysis   Now 8951 will become the new 8577. Closing above it Nifty can move all the way towards 9045/9189/9334,Closing below it 8856/8716/8622 are the targets for the September series.  8910 will play very crucial role in next 2 trading session

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Bank Nifty forms DOJI near gann arc,EOD Analysis

As discussed in Last analysis  Bank Nifty almost did the Wolf Wave pattern as we discussed, Now range of 20600-20675  is very cruical as this is next important gann level to be watched before heading towards all time high. Bears will get active below 20100 only. High made today was 20477, and close below 20491, Low made was near gann arc . Bulls need a close above 20491 and also close above 20675 for a next move towards the all time high. Bears have chance only below 19990. As per gunner chart we can expect another impulsive move of 200-300 point in next 2 trading session.  What separates amateur traders from the pros?

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What separates amateur traders from the pros?

India Stock market are going through a Bull phase and is the best performing market for 2014. As market keep rising every day many traders are getting attracted towards it making fast bucks. Today we are discussing the thought process of new trader and the corrective steps which traders should start implementing before their trading account goes for a toss.

• I have a few thousand , I will turn it into a lakhs quickly by trading Options”

The bigger the attempted return the higher the probability of going to zero, Options is a "ZERO" Sum game. Compounding capital over the long term is what it takes to be successful taking big risks eventually takes your account down to where it breaks you financially, emotionally, or mentally.

• I am "THE BEST" I can figure trading out all by myself.

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Nifty does breakout target but fails to close above 8951,EOD Analysis

• FII's sold 0.03 K contract of Index Future worth 26 cores ,2.6 K Long contract were added by FII's and 3  K short contracts were added by FII's. Net Open Interest increased  by 5.6  K contract, so fall in market was used by FII's to enter long and enter  shorts  in  Index futures. Solution for Not able to pull the trigger in Trading

 As discussed last Analysis   Now 8951 will become the new 8577. Closing above it Nifty can move all the way towards 9045/9189/9334,Closing below it 8856/8716/8622 are the targets for the September series. Nifty finally did today its breakout target high made today was 8968, But again unable to close above 8951. 8910 will play very crucial role in next 2 trading session as break of

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Bank Nifty pause in uptrend,EOD Analysis

• As discussed in Last analysis  Bank Nifty almost did the Wolf Wave pattern as we discussed, Now range of 20600-20675  is very cruical as this is next important gann level to be watched before heading towards all time high. Bears will get active below 20100 only. High made today was 20575, but close below 20491. Bulls need a close above 20491 and also close above 20675 for a next move towards the all time high. Bears have chance only below 19990.   Solution for Not able to pull the trigger in Trading

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Solution for Not able to pull the trigger in Trading

In Continuation with Previous Article

What can you do to overcome pull the trigger

• Stop Blaming Others: There are people who just want to find fault in others, If He Misses a trade, Make Loss, Unable to enter and exit easiest way is to start blaming market, fellow traders, any site where you are seeing info. The Truth is market like such Suckers because till the time they do not become accountable for their actions they will keep losing and keep blaming .  If you want to be good trader Stop Blaming and start doing some actionable items which will improve your trading and eventually make money for you.

Invest on Yourself ,Study– If You do not know how to trade properly and you don’t know what you’re trading edge or your trading system , you are going to hesitate and be fearful simply

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Just Dial Bharat Forge Titan Gann Price Time Analysis

Just Dial

Positional Traders can use the below mentioned levels

Close above 511 Tgt 532

Intraday Traders can use the below mentioned levels

Buy above 505 Tgt

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Will Nifty close above 8951 for further rally,EOD Analysis

• FII's sold 6.3 K contract of Index Future worth 399 cores ,4.6 K Long contract were liquidated by FII's and 1.6  K short contracts were added by FII's. Net Open Interest decreased  by 3  K contract, so rise in market was used by FII's to exit long and enter  shorts  in  Index futures. Do Not Limit Yourself

 As discussed in past Analysis on 01 Aug   Close above 8677 Nifty can make next move till 8800/8951. Bearish only on close below 8490 and bullish on close above 8677 in between yo-yo move Gann Analysis gives an edge in market as its based on vibration and things which has happened in past will repeat again, High made today was 8950.85 just .15 point short of 8951. Now 8951 will become the

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Bank Nifty near Wolf Wave Target, EOD Analysis

• As discussed in Last analysis  Close above 19700 on Weekly basis can see bank nifty moving towards all time high.  Now Bulls need to hold 19700 on Weekly basis as seen in below chart of gann angles, we have closed above the important gann line, Now holding the range of 19700-19550 bank nifty can move towards 20500/21000. Bears will get active below 19508 Bank Nifty closed above 19700 on Weekly basis which is big positive for bulls, Now we should be headed towards 20500/20600 as per Wolf Wave shown below. Bears will get active below 19500 only in between time correction. Bank Nifty almost did the Wolf Wave pattern as we discussed, Now range of 20600-26075  is very cruical as this is next important gann level to be watched before heading towards all time high. Bears will get active below 20100 only. Do Not Limit Yourself

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Adani Port Apollo Tyre and RCOM Trendline Analysis

Adani Port

Positional Traders can use the below mentioned levels

Close above 271 Tgt 288/295

Intraday Traders can use the below mentioned levels

Buy above 271 Tgt

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Bank Nifty forms Bullish Engulfing pattern,Weekly Forecast

Last Week we gave Chopad Level 19275  Bank Nifty gave Short entry on Monday  which got stopped out on Tueday on gap up and traders who revered posiiton as per Chopad levels were rewarded handsomely , as it did all 3 target by Wednesday.  Lets analyze how to trade in coming week.

Bank Nifty Hourly

As discussed in last analysis Close above 19500 can move towards 19766/20000.
High made was 19911 so Bulls were  to break 19500, Now Bulls need a close above 20000 for further move towards 19300/19500 which is double target of breakout zone.

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Nifty forms Bullish Engulfing pattern,Weekly Forecast

Last Week we gave Chopad Levels  of 8602, Nifty  close above the chopad level on Monday giving Long entry to Chopad Followers and did all 3 target by Wednesday.  Last Week Chopad Level of 8602 was major support for bulls as Nifty failed to close below it. As discussed last week As per Gann Time Analysis we are approaching 77 Week from top of 9119, expect impulsive move in coming week or at most next week. We saw impulsive move as expected. Lets analyze how to trade nifty in coming  week.

Nifty Hourly Chart

As discussed in Last Analysis

Nifty traded in the blue channel as shown above, touching both upper and lower end of channel  suggesting breakout or breakdown should come in next week. Break of 8470 can see move towards 8300/8225. Break of 8700 required for move towards 8800/8851.

Now for coming week Bulls need to hold 8774 for move towards 9000/9120.

Nifty Harmonic

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How to trade ABCD Harmonic Pattern

The AB=CD or 'lightning bolt pattern‘ Harmonic Pattern

• AB=CD is a reversal pattern that helps you identify when the price is about to change direction
• AB=CD pattern is a four point harmonic pattern which may be considered the developmental basis for other harmonic patterns.
• A-B leg when a market is trending upwards, the first leg (A-B) is formed as the price rises/fall  from A to B.
• B-C leg price switches direction and retraces  up/down between 38.2%-78.6% to form the B-C leg.
• C-D leg At point C, the price switches direction again and continues its original uptrend. This leg (C-D) slopes upwards, parallel with the A-B leg and should ideally be the same length as the A-B leg when it completes.

The ideal AB=CD pattern is equal in time and price, with point D being an Fibonacci extension between 127%-161.8% of the B-C leg.

You can sell at

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A Billionaire Trader’s Surprising Secret to Success

“The most important rule of trading is to play great defense, not great offense. Every day I assume every position I have is wrong. I know where my stop risk points are going to be. … If they are going against me, then I have a game plan for getting out.
“Don’t be a hero. Don’t have an ego. Always question yourself and your ability. …
“My guiding philosophy is playing great defense. If you make a good trade, don’t think it is because you have some uncanny foresight. Always maintain your sense of confidence, but keep it in check.”
Paul Tudor Jones II is one of the wealthiest men in the world. Forbes says he’s worth $4.6 billion. He started out as a broker in the late 1970s and earned $1 million in his second year on the job. He decided he wanted to be a self-reliant trader instead.
After paying his dues with some tough losses, he refused to quit on his dream and was soon making millions as a trader. He started his own hedge fund and has since made billions.


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Nifty heading towards supply zone of 8860-8922,EOD Analysis

• FII's sold 6.3 K contract of Index Future worth 399 cores ,4.6 K Long contract were liquidated by FII's and 1.6  K short contracts were added by FII's. Net Open Interest decreased  by 3  K contract, so rise in market was used by FII's to exit long and enter  shorts  in  Index futures. Do Not Limit Yourself

 As discussed in Yesterday Analysis   Bulls above 8723 can see move till 8851/8900.   8851 should mostly be achieved by Tuesday bit than comes the tricky ran

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Bank Nifty heading towards 20500, EOD Analysis

As discussed in Last analysis  Close above 19700 on Weekly basis can see bank nifty moving towards all time high.  Now Bulls need to hold 19700 on Weekly basis as seen in below chart of gann angles, we have closed above the important gann line, Now holding the range of 19700-19550 bank nifty can move towards 20500/21000. Bears will get active below 19508 Bank Nifty closed above 19700 on Weekly basis which is big positive for bulls, Now we should be headed towards 20500/20600 as per Wolf Wave shown below. Bears will get active below 19500 only in between time correction. Do Not Limit Yourself

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Do Not Limit Yourself

My Grandmother was always encouraging me to set goals and work hard to achieve them. She would tell me not to be a follower and not to set limits on what I could achieve. She truly believed that there were no limits that you could achieve whatever you wanted.
She once told me the following story about a radish and a milk bottle, it was a story that I have never forgotten.
A Farmer's Lesson In Life
A farmer won a first prize at the country fair for his huge radish that was the exact shape and size of a quart of milk bottle. Many were curious as to how the farmer was able to grow this radish that was the exact shape of a milk bottle.
Finally one gentleman went up to the farmer and asked the question. The farmer replied, "It was easy. I got the seed growing and then I put it into the milk bottle. It had nowhere else to go."
You can use this story as an analogy to life - our lives are shaped by the kind of surroundings we place ourselves in, the people that we allow to influence us, and the goals we give ourselves.


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Jubilant Food Bharti Airtel Jain Irrigation Supply Demand Analysis

Jubilant Food

Positional Traders can use the below mentioned levels

Close above 1162 Tgt 1200

Intraday Traders can use the below mentioned levels

Buy above 1162 Tgt

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Nifty Gann Angles Analysis

• FII's bought 6 K contract of Index Future worth 364 cores ,11.6 K Long contract were added by FII's and 5.6  K short contracts were added by FII's. Net Open Interest increased  by 17.2  K contract, so rise in market was used by FII's to enter long and enter  shorts  in  Index futures. Not able to pull the trigger in Trading

•  As discussed in Yesterday Analysis   Bulls above 8723 can see move till 8851/8900.  Nifty made high of 8813 before seeing profit booking. As seen in the below gann angle chart Bulls needs to hold 8723-8751 range for a move towards 8951-8976 zone. Bears will get active below 8650 only.  Bank Nifty Gann Angles Analysis

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