Bank Nifty Technical Analysis,Weekly Outlook

Last Week we gave Chopad Level 19750 Bank Nifty gave Long entry on Monday and did 1 target on upside, Long trades got stopped out in gapdown but the bank nifty made high at 19725 giving shorts entry opportunity , which were rewarded handsomely  as Bank Nify did 2 target on downside low made was 19252 and our target was 19250.  Lets analyze how to trade bank nifty in coming  week.

Bank Nifty Hourly

As discussed in last analysis Now for coming week 19750 will be laxman rekha for bulls and bears above it we will see 20000/20400. Unable to cross below it target 19300/19000.
Bank Nifty need a close above 19750


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Nifty Weekly Forecast for 01-04 Nov

Last Week we gave Chopad Levels  of 8737, Nifty gave short entry on Monday as it made high of 8636.95 which did 3 target on downside, as our target of 8555 and low made was 8550 before nifty recovered, Thus rewarding the disciplined Chopad followers.  Wishing all Chopad Traders a very very profitable year ahead. Lets analyze how to trade nifty in coming week as volatility with increase in coming month.

Nifty Hourly Chart

As discussed in last analysis   For coming week range of 8737-8748 is important zone of resistance as shown above Closing above it move towards 8840/8950, Unable to close above it going for 8500 again.

High made 8737 and nifty turned

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Muhurat Trading Stock: Ambuja Cement Crompton and Kotak

Ambuja Cement

Positional Traders can use the below mentioned levels

Close above 244 Target 252/257

Intraday Traders can use the below mentioned levels

Buy above 242 Tgt

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Nifty Analysis for Muhurat Trading

• FII's sold 17 K contract of Index Future worth 1117 cores ,8.2 K Long contract were liquidated by FII's and 8.7 K short contracts were added by FII's. Net Open Interest increased  by 0.5 K contract, so rise in market was used by FII's to exit  long and enter shorts  in  Index futures.  Muhurat Trading: Vows Traders should make to avoid loss in coming Year

 As discussed last Analysis  Now bulls will become active only above 8656 for a move till 8752/8800 High made on Friday was 8654, Bulls need close above 8656 for a move till 8700/8750, As seen in below chart we are seeing contraction of trading range,

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Bank Nifty Analysis for Muhurat Trading

 As discussed in Last analysis Low made today 19252 so 19300 also done,today low is near gann angle suggesting we can see upmove till 19700 and if sustained can see move till 20K, again not able to cross 19700 we can see fall till 19000 in next round of correction. Bank Nifty took support near gann angles as shown in below chart, Holding 19500 we can see upmove towards 19700 but Bulls will get active only above 19700 for quick move towards 19900/20000. Bears below 19500 can quickly push towards 19300/19000.   Muhurat Trading: Vows Traders should make to avoid loss in coming Year

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'Muhurat Trading' on BSE, NSE this Diwali

Another greatful year, another delightful occasion of prosperity has arrived.. Sparkling it's light and happiness to the extents of vision I wish you and your loved ones a prosperous, joyful and safe Deepawali

The “muhurat” trading session will be conducted for 60 minutes today, on leading bourses NSE and BSE, to pay obeisance to Lakshmi, the Hindu goddess of wealth and prosperity. It would also mark the New Year for traders as per the Hindu calendar, or Samwat 2072. Muhurat Trading: Vows Traders should make to avoid loss in coming Year

 

What is Muhurat Trading:

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Muhurat Trading: Vows Traders should make to avoid loss in coming Year

Muhurat trading is the auspicious day on the day of  Diwali  is done traditionally to celebrate the Hindu New Year. It is a symbolic ritual which has been performed for years. As Diwali also marks the beginning of the New Year, it is believed that muhurat trading on this day brings in wealth and prosperity throughout the year.

Vows traders should make on Mahurat Trading session to follow for next full year.

Invest on Trading Education: To become Doctor Engineer CA or master any other profession you need to study and master the concept.But trading is only profession in world where traders enter without any knowledge with small amount of money in account, lose money due to lack of knowledge and than blame market for their loss. "Trader should be responsible for his/her losses." Be accountable to yourself and do not give excuses. So If you feel you are not having proper knowledge,invest money on your trading education and stop getting fleeced by market.
Perfectionism: There is no perfection in trading as far as making money on every trade or having a perfect system. All you can hope to be perfect at, is following your system, rules, and trading plan. A winning trade should be measured as one in which you followed all your preset guidelines.

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Fatal Flaws of Trading

In Continuation with Previous Article
Lack of Patience

Trading is game of waiting, its Like Lion going for His KILL. If Trader has Lack of Patience big profit will not come and if Big profits do not come long term sustainability is not possible. Its a well known thing  markets trend only 20% of the time,  the other 80% of the time the markets are not trending in one clear direction.
That may explain why I believe that for any given time frame, there are only two or three really good trading opportunities. For example, if you're a long-term trader, there are typically only two or three compelling tradable moves in a market during any given year. Similarly, if you are a short-term trader,

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Century Tata Motors STAR Intraday Trading Plan

Century Textile

Intraday Traders can use the below mentioned levels

Buy above 909 Tgt

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Nifty breaks 8656 and does 8600, Oct Expiry Analysis

• FII's sold 4.7 K contract of Index Future worth 232 cores ,3.8 K Long contract were added by FII's and 8.6 K short contracts were added by FII's. Net Open Interest increased  by 12.5 K contract, so fall in market was used by FII's to enter long and enter shorts  in  Index futures.  Why Do Traders Lose? Part-I

 As discussed last Analysis 8710-8732 is crucial range for bulls as its gann resistance  and 8601-8610 is support on downside below which bears will start   warming up again. Between the range choppy move continue. High made today was 8722 so bulls were unable to breach the gann resistance zone, Its been 4 trading days in which bulls were not able to break the resistance zone, Low made was 8663 so bears were unable to break 8656. Now bears

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Bank Nifty breaks 19700 and does 19500 same day,EOD Analysis

As discussed in Last analysis Till 19700 is held we can see move towards 20000/20400. Bearish only on close below 197000 for target of 19500/19200. Bank Nifty opened gap down made high of 19725 and bears became active below 19700 and did target of 19500 and close below 19500 suggesting we can move towards 19300/19000.  We have been discussing the effect of 25 Oct Time Analysis, Nifty is down 400 point from the high formed on 25 Oct.    Why Do Traders Lose? Part-I

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Nifty Bulls and Bears continue to fight for supremacy,EOD Analysis

• FII's sold 11.6 K contract of Index Future worth 763 cores ,3.6 K Long contract were added by FII's and 8 K short contracts were added by FII's. Net Open Interest increased  by 4.4 K contract, so fall in market was used by FII's to exit long and enter shorts  in  Index futures.  Why Do Traders Lose? Part-I

 As discussed last Analysis 8710-8732 is crucial range for bulls as its gann resistance  and 8601-8610 is support on downside below which bears will start   warming up again. Between the range choppy move continue. High made today was 8722

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Bank Nifty continue to trade above 19700,EOD Analysis

 As discussed in Last analysis   Close above 19511 will see next move towards 19700. Traders should watch 19700 very closely for coming week as major trend change will happen above 19700 and we can see move towards 20000/20400 on upside and unable to close above 19700 can see fast fall towards 19000 again. Low made was 19711 so Gann Level of 19711 came for the Bulls rescue and Bank nifty continue to trade above 19700 . Till 19700 is held we can see move towards 20000/20400. Bearish only on close below 197000 for target of 19500/19200.  Why Do Traders Lose? Part-I

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Why Do Traders Lose? Part-I

Why Do Traders Lose?
This study showed that less than 2% of traders were profitable net of all fees.
In fact:

• 40% of day traders quit within a month
• 87% of traders quit within 3 years
• 93% of traders quit within 5 years 

All sorts of reasons are given for it, such as money management,black swan events, poor trading strategy.
It doesn't seem to matter how many books you buy, how many seminars you attend or how many hours you spend analyzing price charts, you just can't seem to find a way of being profitable over a long run.
Today we will discuss few mistakes a traders should avoid if they want to be profitable over long run.

Not Having a Trading Method

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Arvind Rel Infra ZEE Technical Analysis

Arvind

Intraday Traders can use the below mentioned levels

Buy above 364 Tgt

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Nifty Bulls unable to break gann resistance zone, EOD Analysis

• FII's bought 2.7 K contract of Index Future worth 154 cores ,8.9 K Long contract were added by FII's and 6.2 K short contracts were added by FII's. Net Open Interest increased  by 0.3 K contract, so rise in market was used by FII's to enter long and enter shorts  in  Index futures.  Want to be a Good trader Move out of your comfort zone 

 As discussed last Analysis 8710-8732 is crucial range for bulls as its gann resistance  and 8601-8610 is support on downside below which bears will start   warming up again. Between the range choppy move continue. High made today was 8737 so bulls were unable to breach the gann resistance zone, Its been 4 trading days in which bulls were

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Bank Nifty continue to trade above 19700,EOD Analysis

 As discussed in Last analysis   Close above 19511 will see next move towards 19700. Traders should watch 19700 very closely for coming week as major trend change will happen above 19700 and we can see move towards 20000/20400 on upside and unable to close above 19700 can see fast fall towards 19000 again. Fridays close was 19710 above 19700 High made today was 19898 and low made was 19750 so Bank nifty continue to trade above 19700 and moved higher. Till 19700 is held we can see move towards 20000/20400. Bearish only on close below 197000 for target of 19500/19200. Tomorrow is important date as per time analysis and impulsive move can be seen in next 3-4 days  Want to be a Good trader Move out of your comfort zone

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Titan Adani Dish TV Trendline Analysis

Titan

Positional Traders can use the below mentioned levels

Close below 377 Target 373/369/364

Intraday Traders can use the below mentioned levels

Buy above 381 Tgt

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Bank Nifty Technical Analysis,Weekly Outlook

Last Week we gave Chopad Level 19116 Bank Nifty gave Long entry which got stopped out, short entry on Monday and did 1 target on Downside, our target 19000 Low made 19002. Long triggered on Tuesday did all  on upside our final target 19750 High made 19744 as per chopad levels ,  Lets analyze how to trade bank nifty in coming  week.

Bank Nifty Hourly

As discussed in last analysis Now for coming week 19116-19130 is important resistance zone, as support becoming resistance, unable to close above it we will break the low of 18824 and head towards 18500. Bullish only on close above 19320.
Low made 19002 and bounced back,

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Nifty Time Cycle Analysis,Weekly Forecast

Last Week we gave Chopad Levels  of 8595, Nifty gave short entry on Monday which did 1 target on downside,Longs were triggered on 18 did 2 target on upside.  Lets analyze how to trade nifty in coming week as we are approaching a important time cycle point as per vedic time analysis.

Nifty Hourly Chart

As discussed in last analysis  For coming week 8518-8520 is very crucial range . Break the same Nifty can correct till 8448 levels.  8448-8440 is again an important support as per gann analysis holding the same we can see sharp up rally till 8700/8800.
Nifty close on 8520 and saw big rally till 8727

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Nifty Trend Analysis as per Gann

• FII's bought 0.8 K contract of Index Future worth 23 cores ,0.6 K Long contract were added by FII's and 0.2 K short contracts were liquidated by FII's. Net Open Interest increased  by 0.3 K contract, so fall in market was used by FII's to enter long and exit shorts  in  Index futures.  Want to be a Good trader Move out of your comfort zone 

 As discussed last Analysis 8710-8732 is crucial range for bulls as its gann resistance  and 8601-8610 is support on downside below which bears will start    warming up again. Between the range choppy move continue. High made today was 8709 so bulls were unable to breach the gann resistance zone of 8732, as weekly closing tomorrow bulls would like to close above 8732 and bears below 8656. High made today was 8710 and low made was 8652


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Bank Nifty Bulls and Bears fighting for 18700,EOD Analysis

 As discussed in Last analysis   Close above 19511 will see next move towards 19700. Traders should watch 19700 very closely for coming week as major trend change will happen above 19700 and we can see move towards 20000/20400 on upside and unable to close above 19700 can see fast fall towards 19000 again. High made today was 19744 and low made was 19516 so Bank nifty took support near our level of 19511 and bounced back towards 19700 again and finally closed above above 19700. Next week is very important as per gann analysis so expect impulsive move around 25 Oct as per time analysis. Traders

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Want to be a Good trader Move out of your comfort zone

On his first day in office as President, when Abraham Lincoln entered to  give his inaugural address, one man stood up. He was a rich Aristocrat.  He said, “Mr. Lincoln, you should not forget that your father used to  make shoes for my family.” And the whole Senate laughed; they thought  they had made a fool of Lincoln.
But certain people are made of a  totally different mettle. Lincoln looked at the man directly in the eye  and said, “Sir, I know that my father used to make shoes for your family, and there will be many others here, because he made shoes the way nobody else can.

He was a creator.

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Bank Nifty does 19700, EOD Analysis

 As discussed in Last analysis   Close above 19511 will see next move towards 19700. Traders should watch 19700 very closely for coming week as major trend change will happen above 19700 and we can see move towards 20000/20400 on upside and unable to close above 19700 can see fast fall towards 19000 again. High made today was 19722 doing our target of 19700, but fail to close above 19700. Traders should watch 19700 very closely for coming week

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Nifty Bulls fighting to conquer 8732,EOD Analysis

• FII's sold 5.3 K contract of Index Future worth 396 cores ,15.3 K Long contract were added by FII's and 20.7 K short contracts were added by FII's. Net Open Interest increased  by 36 K contract, so rise in market was used by FII's to enter long and enter  shorts  in  Index futures.  Why Trading is a mental game

 As discussed last Analysis 8710-8732 is crucial range for bulls as its gann resistance  and 8601-8610 is support on downside below which bears will start    warming up again. Between the range choppy move continue. High made today was

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Mindtree Yes Bank LIC Housing Supply Demand Analysis

Mindtree

Positional Traders can use the below mentioned levels

Close above 490 Target 507/520

Intraday Traders can use the below mentioned levels

Buy above 482 Tgt

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KPIT Lupin PNB Price Time Square Analysis

KPIT

Positional Traders can use the below mentioned levels

Close above 141 Target 144/149

Intraday Traders can use the below mentioned levels

Buy above 139.4 Tgt

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Nifty Technical Trend Analysis

• FII's sold 1.7 K contract of Index Future worth 111 cores ,0.6 K Long contract were liquidated by FII's and 1.1 K short contracts were added by FII's. Net Open Interest increased  by 0.5 K contract, so fall in market was used by FII's to exit long and enter  shorts  in  Index futures.  Why Trading is a mental game

 As discussed last Analysis   Now going forwards 8740-8750 range is very very crucial crossing the same Bulls can see move towards 8951-9000, Unable to cross another down move towards 8520. 8710-8732 is crucial range for bulls as its gann resistance  and

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Bank Nifty holds 19320, fails to close above 19500, EOD Analysis

As discussed in Last analysis  Till we are holding 19000 we can see move till 19318, momentum will come on close above 19318 for move till 19501/19732, Bears will get active below 19000 for a move till 18750. Low made today was 19162 and we did target of 19318 and momentum came above 19318 and did the target of 19501 as High made today was 19511.Big rise came today but we got early indication as 19000 was holding from past 2 days, Close above 19511 will see next move towards 19700. Trades should watch 19700 very closely for coming week as major trend change will happen above 19700 and we can see move towards 20000/20400 on upside and unable to close above 19700 can see fast fall towards 19000 again. Today was classic day of resistance becoming support as bulls used 19318 as support and bounced back, but were unable to close above 19500 , suggesting till 19318 is held we can trade in range of 19320-19500

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BEL ITC I Bulls Technical Analysis

BEL

 

Intraday Traders can use the below mentioned levels

Buy above 1285 Tgt 1292,

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Nifty rallies 150 points holding 8520,supported by gann time,EOD Analysis

• FII's sold 8.9 K contract of Index Future worth 729 cores ,0.9 K Long contract were liquidated by FII's and 7.9 K short contracts were added by FII's. Net Open Interest increased  by 7 K contract, so rise in market was used by FII's to exit long and enter  shorts  in  Index futures.  Why Trading is a mental game

 As discussed last Analysis   On Downside strong support in the range of 8448-8450.  Nifty made low of 8549.80 and range of 8500-8520 was protected, now bulls need a close above 8600 for a fast move till 8642/8663, Close above 8663 will give momentum to bulls for a fast move 8756/8800 Bear will get active below 8518 for target 8476/8448 . Nifty closed at 8520, border line of bulls and bears. Below 8520 we can see move till 8476/8448 and holding 8520 another attempt to break wall of resistance at 8600. Nifty closed

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Bank Nifty Bulls react aggressively holding gann support,EOD Analysis

 As discussed in Last analysis  Till we are holding 19000 we can see move till 19318, momentum will come on close above 19318 for move till 19501/19732, Bears will get active below 19000 for a move till 18750. Low made today was 19162 and we did target of 19318 and momentum came above 19318 and did the target of 19501 as High made today was 19511.Big rise came today but we got early indication as 19000 was holding from past 2 days, Close above 19511 will see next move towards 19700. Trades should watch 19700 very closely for coming week as major trend change will happen above 19700 and we can see move towards 20000/20400 on upside and unable to close above 19700 can see fast fall towards 19000 again.  Why Trading is a mental game

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Ambuja Cement Jain Irrigation Coal India Harmonic Analysis

Ambuja Cement

Positional Traders can use the below mentioned levels

Close above 248 Target 254/261

Intraday Traders can use the below mentioned levels

Buy above 248.5 Tgt

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Nifty close on 8520 keeping bulls and bears in dilemma,EOD Analysis

• FII's sold 16 K contract of Index Future worth 1032 cores ,17.8 K Long contract were liquidated by FII's and 1.7 K short contracts were liquidated by FII's. Net Open Interest decreased  by 19.6 K contract, so fall in market was used by FII's to exit long and exit shorts  in  Index futures.  Why Trading is a mental game

 As discussed last Analysis   On Downside strong support in the range of 8448-8450.  Nifty made low of 8549.80 and range of 8500-8520 was protected, now bulls need a close above 8600 for a fast move till 8642/8663, Close above 8663 will give momentum to bulls for a fast move 8756/8800 Bear will get active below 8518 for target 8476/8448 . Nifty closed at 8520

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Why Trading is a mental game

As a trader, you don’t have to be super smart, many Doctor Engineer and Scientist who were best in their field have failed in trading miserably and few of my students who have not even graduated have done wonders :). Whats the difference

The Successful traders can control their emotions and are mentally very very  strong. They know how to react and come out of   Uncomfortable situations and do not blame others for their losses.

Although having a tested and sophisticated trading system is very important, the difference between an amateur and a professional trader lies somewhere differently.The reasons for unnecessary and avoidable losses of amateur traders can often be attributed to the following 5 points:

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BEML Colgate HDFC Swing Trading Analysis

BEML

Positional Traders can use the below mentioned levels

Close above 949 Target 980/1021

Intraday Traders can use the below mentioned levels

Buy above 950 Tgt

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Bank Nifty Weekly Outlook

Last Week we gave Chopad Level 19420 Bank Nifty gave short entry on Monday and did all 3 target by Thursday as per chopad levels ,  Lets analyze how to trade bank nifty in coming  week.

Bank Nifty Hourly

As discussed in last analysis Bank Nifty again failed to cross above the hourly trendline as shown in above chart,suggesting bulls are still

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Nifty Weekly Outlook as per Gann Analysis

Last Week we gave Chopad Levels  of 8720, Nifty gave short entry on Monday before 2 days holiday and rewarded discipline chopad as all 3 target on downside were done. Our 3 target of 8540 and Nifty made low of 8541.
Lets analyze how to trade nifty in coming week as we are approaching a important time cycle point as per gann time analysis.

Nifty Hourly Chart

For coming week 8518-8520 is very crucial range . Break the same Nifty can correct till 8448 levels.  8448-8440 is again an important support as per gann analysis holding the same we can

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Nifty Bulls fail to close above 8600,EOD Analysis

• FII's bought 1.1 K contract of Index Future worth 64 cores ,0.9 K Long contract were added by FII's and 0.1 K short contracts were liquidated by FII's. Net Open Interest decreased  by 35.5 K contract, so rise in market was used by FII's to enter long and exit shorts  in  Index futures.   Deliberate practice & 10 Years of Silence will set you "apart"

 As discussed last Analysis  As we have weekly closing tomorrow and nifty bulls will try hard to hold to 8518-8520 levels and bears will try to close below 8500. Holding 8500-8520 range nifty can again bounce towards 8700/8756/8800. On Downside strong support in the range of 8448-8450.  Nifty made low of 8549.80 and range of 8500-8520 was

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What Kind of Trader Are You?

The kind of trader you are will affect — or should affect — your trading strategy. It helps to know your trader type so you can trade effectively and in a way that feels right for you. To determine your trader type, take the following quiz.

The quiz

Which statement best describes you when you're competing?

A. I'm aggressive, outgoing, and confident in my abilities whether I win or lose.

B. I like to be perceived as wise and thoughtful, and I accept loss as part of the process.

C. I'm calculating, and winning is extremely important to me.

In your free time, what do you most enjoy doing?

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Bank Nifty does a weekly close above 19000,EOD Analysis

 As discussed in Last analysis  Any close below 18750 can see fast move towards 18440-18314 as seen in below gann angle chart. As we have weekly closing tomorrow Bulls will try hard to close above 19000 and bears below 18750. Bulls were finally able to close above 19000 and also protected 18750 in the process as price was unable to break yesterday low, BUlls can see upmove till 19318 holding low of Thursday. Momentum will come on close above 19318 for move till 19501/19732.

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Deliberate practice & 10 Years of Silence will set you "apart"

Out of a list of 500 pieces that were played frequently by symphonies around the world and were considered to be the “masterworks” in the field, virtually every single “masterwork” was written after year ten of the composer’s career. Not a single person produced incredible work without putting in a decade of practice first. Even a genius like Mozart had to work for at least ten years before he produced something that became popular.
This period, which was filled with hard work and little recognition, as the “ten years of silence.” Similar patterns were found among famous painters like Picasso and popular poets. Further research revealed that you needed to put in “10,000 hours” to become an expert in your field. (This idea was later popularized by Malcolm Gladwell.)
However, on digging deeper, it was discovered that time was merely one part of the equation. Success wasn’t simply a product of 10 years of practice or 10,000 hours of work. To understand exactly what was required to maximize your potential and master your craft, you had to look at how the best performers practiced. 
The practice habits of NBA superstar Kobe Bryant provide a perfect example…

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Nifty corrects 100 points breaking 8656, EOD Analysis

• FII's sold 36.3 K contract of Index Future worth 2329 cores ,35.9 K Long contract were liquidated by FII's and 0.4 K short contracts were added by FII's. Net Open Interest decreased  by 35.5 K contract, so fall in market was used by FII's to exit long and enter shorts  in  Index futures.   Ask Yourself following Questions Before Every Trading Day

 As discussed last Analysis  Bulls will get active above 8756 for a move towards 8800/8840. Bears will be active below 8656 for a move towards 8600/8555. In Between Choppy moves. As soon as 8656 was broken today, Bears were on prowl and nifty made low of 8541 correcting 110 points from 8656 gann level, as we have weekly closing tomorrow and nifty bulls will

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Bank Nifty 1000 points from Gann Resistance of 19811,EOD Analysis

 As discussed in Last analysis  Bear will get upperhand on close below 19451 for target of 19340/19020 and bulls above 19732.  Bank Nifty bears finally broke 19451 and did the target of 19340, now trading below 19340 can see fast move towards 19185/19020. Bank Nifty bears were unable to close below 19340 suggesting bears are losing momentum but still have upper hand till close below 19520. Bears break below 19340 can see fast move towards 19150/19020. Bank Nifty opened below 19340 signalling bears are on prowl and quickly did the target of 19020 and made low of 18824. Any close below 18750 can see fast move towards 18440-18314 as seen in below gann angle chart. As we

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VEDL TCS LT Gann Analysis

VEDL

Positional Traders can use the below mentioned levels

Unable to close above 202 Target 188

Intraday Traders can use the below mentioned levels

Buy above 200 Tgt

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Nifty Bulls hold on to gann arc, EOD Analysis

• FII's sold 2.3 K contract of Index Future worth 151 cores ,0.9 K Long contract were liquidated by FII's and 1.3 K short contracts were added by FII's. Net Open Interest increased  by 400 contract, so fall in market was used by FII's to exit long and enter shorts  in  Index futures. Is it possible for trader to make sustainable profits on small account ?

 As discussed last Analysis  Now next week has only 3 trading days so protecting 8656 bulls can make one more attempt towards 8756/8800. Bears will be active only close below 8656 for target of 8518/8476. Nifty made low of 8703 bear gann arc 


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Bank Nifty trading near gann arc, EOD Analysis

 As discussed in Last analysis  Bear will get upperhand on close below 19451 for target of 19340/19020 and bulls above 19732.  Bank Nifty bears finally broke 19451 and did the target of 19340, now trading below 19340 can see fast move towards 19185/19020. Bank Nifty bears were unable to close below 19340 suggesting bears are losing momentum but still have upper hand till close below 19520. Any close above 19520 will take ban nifty back to 19750-800 range. Bank Nifty made high of 19501 and low was 19351 so bulls were unable to break 19520 and bears were unable to break 19340 suggesting choppy trading going on before the next trending move. Bulls close above 19520 can see fast move towards 19732/19900. Bears break below 19340 can see fast move towards 19150/19020. 

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Is it possible for trader to make sustainable profits on small account ?

Every traders wants to trade Big with a well funded trading capital of at least 20 lakh but very few are able to achieve this feat. Its often said Making the First Million is the most difficult thing once achieved money will flow in your coffers.
Trading small account is very difficult when compared to account having large trading capital, As such when your trading capital is large traders are buffered against mistakes, unexpected losing streaks, and sometimes even bad trades, but small accounts have no such buffer. When trading with large account trader can test n number of trading strategies in live market but small account we have no such luxury.
In Reality 80% of traders trade with small account from 30K-70K which is just enough to cover margin of the derivatives traders is trading into. Most of the brokerage house who deal with retail client have 90% of client which are having capital less than 1 lakh.
Trading with small trading capital requires "Very Very Strict risk management

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Trading Stocks for a living

May this Dussehra,light up for U.The hopes of Happy times, And dreams for a year full of smiles! Wish U Happy Dasara.....
When Someone say I am Full Time Trader what image do you get in your mind.
Most of them assume that He is a  guy who is stuck to the monitor for the whole duration of the market and try to trade each and every move of market and developing some Holy GRAIL system which will be make him loads and loads of money.

The reality is Most of Full time Trader I personally know Spend  more time away from the monitor than in front of it.

Even though I do trade on the Intra-day time frame, but my preference and large part of my trading account  have always been on Swing trading using

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Trading Lessons From Nicolas Darvas

Nicolas Darvas has inspired traders for many generations. His book, “How I Made 2,000,000 in the Stock Market” is one that you’ll find on many recommended reading lists including my own. While some have argued that much of Darvas’ success had to do with lucky timing, his books are still widely read and for good reason.
A lot of traders can identify easily with Darvas because he went through the process of learning how to trade much like most people do today. Darvas began by first looking for the “secret” to the market. And, just like all of us have found, after finding no success from trading on the stock tips of others including brokers and expensive newsletters, Darvas figured out that he ultimately had to develop a trading system on his own. He accomplished that feat by committing himself to years of study of the market and from learning from his own mistakes. His determination, perseverance, and constant self-evaluation offers an excellent model for all traders to follow.

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Trading Lessons From Nicolas Darvas

Nicolas Darvas has inspired traders for many generations. His book, “How I Made 2,000,000 in the Stock Market” is one that you’ll find on many recommended reading lists including my own. While some have argued that much of Darvas’ success had to do with lucky timing, his books are still widely read and for good reason.
A lot of traders can identify easily with Darvas because he went through the process of learning how to trade much like most people do today. Darvas began by first looking for the “secret” to the market. And, just like all of us have found, after finding no success from trading on the stock tips of others including brokers and expensive newsletters, Darvas figured out that he ultimately had to develop a trading system on his own. He accomplished that feat by committing himself to years of study of the market and from learning from his own mistakes. His determination, perseverance, and constant self-evaluation offers an excellent model for all traders to follow.

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Bank Nifty Outlook and Trend for 10-14 Oct

Last Week we gave Chopad Level 19250 Bank Nifty opened gap down and did not gave entry as per chopad levels ,  Lets analyze how to trade bank nifty in coming  week.

Bank Nifty Hourly

Bank Nifty again failed to cross above the hourly trendline as shown in above chart,suggesting bulls are still not out of woods. Only close above 19800 can see hourly chart turning in favor of bulls. Break of 19000 can see fast downmove towards 18800/18500.

Bank Nifty Harmonic Pattern

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Nifty Outlook and Trend for 10-14 Oct

Last Week we gave Chopad Levels  of 8601, Nifty opened with gap up and made low of 8636 and traders who  initiate trade as per Chopad levels were rewarded as Nifty did high at 8806 near to our 3 target of Chopad level of 8800. We have mentioned  last week crucial price and time square has happened as per gann analysis around 8555 and nifty bounced almost 250 points from that level. So as I always say Price knows everything well in advance.
Lets analyze how to trade nifty in coming week as we have 2 trading holidays coming up.

Nifty Hourly Chart

Now for coming week 8777 is crucial

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Nifty Bulls protects 8656, EOD Analysis

• FII's sold 13.8 K contract of Index Future worth 892 cores ,11.4 K Long contract were liquidated by FII's and 2.3 K short contracts were added by FII's. Net Open Interest decreased  by 9 K contract, so fall in market was used by FII's to exit long and enter shorts  in  Index futures. The important things in life

 As discussed last Analysis   As we have weekly closing today bulls would like to have close above 8756 and bears below 8656. Below 8656 we can breach the low of 8555 formed on 30 Sep. Nifty made low of 8663 thus protecting the break of 8656, Close below 8656 would have

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Bank Nifty forms DOJI near gann support,EOD Analysis

 As discussed in Last analysis  Bear will get upperhand on close below 19451 for target of 19340/19020 and bulls above 19732.  Bank Nifty bears finally broke 19451 and did the target of 19340, now trading below 19340 can see fast move towards 19185/19020. Bank Nifty bears were unable to clsoe below 19340 suggesting bears are losing momentum but still have upper hand till close below 19520. ANy close above 19520 will take ban nifty back to 19750-800 range.  The important things in life

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The important things in life

A philosophy professor stood before his class with some items on the table in front of him. When the class began, wordlessly he picked up a very large and empty mayonnaise jar and proceeded to fill it with rocks, about 2 inches in diameter.
He then asked the students if the jar was full. They agreed that it was.
So the professor then picked up a box of pebbles and poured them into the jar. He shook the jar lightly. The pebbles, of course, rolled into the open areas between the rocks.
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Nifty does the target of 8690,EOD Analysis

• FII's sold 0.1 K contract of Index Future worth 31 cores ,1.5 K Long contract were added by FII's and 1.6 K short contracts were added by FII's. Net Open Interest increased  by 3.1 K contract, so fall in market was used by FII's to enter long and enter shorts  in  Index futures. The difference between winning and losing in trading

 As discussed last Analysis   Nifty close above 8756 which is positive sign holding 8756 nifty will approach the gann line of resistance at 8800. Close above 8800 can see fast move towards 8840/8888. There is lot of supply in this zone, Sustaining below 8750

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Bank Nifty corrects 500 points from Gann Resistance zone,EOD Analysis

 As discussed in Last analysis  Bank Nifty opened with gap up High made today was 19816 ner the gann line of resistance near zone of resistance bulls failed to close above 19732, Low made today was 19492 and  Bears were unable to break 19451.  Bear will get upperhand on close below 19451 for target of 19340/19020 and bulls above 19732.  Bank Nifty bears finally broke 19451 and did the target of 19340, now trading below 19340 can see fast move towards 19185/19020. Bulls need a close above 19811 for the getting momentum back in their favor. Common Trading Mistakes

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Common Trading Mistakes

Most of Traders  should have gone through this cycle "they start trading, make good money mostly attributed to beginners luck , then all of the sudden they go in cycle of endless stream of losses." Eventually they end up blowing off their trading account.  Today's article is focused on most common mistakes of traders and how to avoid them.

Not having a Trading System

Most of traders do not have a trading system trading rules and trading goals. They will keep jumping from one system to another and keep testing new new things, eventually blowing up the trading account.  As a trader you need to master your skills set. Gann did not traded for 10 years he used that time to travel round the world and develop his skills. Focus on developing skills and than think about trading.

Not Protecting Yourself

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Voltas Yes Bank Apollo Tyre Bollinger Band Analysis

Voltas

Positional Traders can use the below mentioned levels

Close below 391 Target 382

Intraday Traders can use the below mentioned levels

Buy above 398 Tgt

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Bank Nifty reacts from zone of resistance,EOD Analysis

 As discussed in Last analysis  Range of 19650-19732 is very crucial range unable to cross them we can see another downmove towards 19451 and 19300, Close above 19732 can see fast move till 19811 and above that 20000. Bank Nifty opened with gap up High made today was 19816 ner the gann line of resistance near zone of resistance bulls failed to close above 19732, Low made today was 19492 and  Bears were unable to break 19451.  Bear will get upperhand on close below 19451 for target of 19340/19020 and bulls above 19732.   The difference between winning and losing in trading

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Nifty reacts from zone of resistance,EOD Analysis

• FII's bought 2.6 K contract of Index Future worth 153 cores ,4.6 K Long contract were added by FII's and 2 K short contracts were added by FII's. Net Open Interest increased  by 6.7 K contract, so fall in market was used by FII's to enter long and enter shorts  in  Index futures. The difference between winning and losing in trading

 As discussed last Analysis   Nifty close above 8756 which is positive sign holding 8756 nifty will approach the gann line of resistance at 8800. Close above 8800 can see fast move towards 8840/8888. There is lot of supply in this zone, Sustaining below 8750 for an hour can quickly push index down to 8690/8656. High made today was 8806 and closed below 8756

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The difference between winning and losing in trading

Winning traders are accountable and responsible for all their trades.
Losing traders are Just Like Arvind Kejiriwal giving excuses for all their losses, They  play the victim of algos, market operators and blame the markets for their losses.


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Sybly Industries Bounce from Demand Zone, Short term Trading Opportunity

Sybly Industries

 

Sybly Industries

As seen in below chart Stock bounced from its demand zone, saw panic selling last Thursday but has almost recovered 10% of fall. Now going forward trading above gann number 11 can see



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PNB BHEL HDIL MML Analysis

PNB

Positional Traders can use the below mentioned levels

Close below 144 Target 141/139

Intraday Traders can use the below mentioned levels

Buy above 146 Tgt

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Nifty forms DOJI in Gann Resistance zone, EOD Analysis

• FII's bought  5 K contract of Index Future worth 347 cores ,7.6 K Long contract were added by FII's and 2.6 K short contracts were added by FII's. Net Open Interest increased  by 10.3 K contract, so rise in market was used by FII's to enter long and enter shorts  in  Index futures. Why Traders Suffer from Need to be in Trade Syndrome

 As discussed last Analysis   Bulls need a close above 8760 for next round of upmove else this rally will get sold into, as seen in below gann change we are near supply zone. Above 8756 another move towards 8888/8968, Unable to close above it 8700/8650 on cards. Nifty close above 8756 which is positive sign holding 8756 nifty will approach the gann

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Bank Nifty forms DOJI after RBI Event, EOD Analysis

•  As discussed in Last analysis  Range of 19650-19732 is very crucial range unable to cross them we can see another downmove towards 19451 and 19300, Close above 19732 can see fast move till 19811 and above that 20000. High made today was 19747 and bank nifty turned back so bank nifty reacted for the zone of resistance, formed a doji pattern, Now bulls need a close above 19732 for a move till 19811 and 20000. Bears will now get upper hand only on break of 19451.  Till we are forming higher highs and higher low no point in shorting bank nifty, stay on long side or stay on sidelines.  Why Traders Suffer from Need to be in Trade Syndrome

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Why Traders Suffer from Need to be in Trade Syndrome

Need to be in Trade Syndrome is one of the main reason for many trading account going Bust. One of the keys to successful trading is eliminating any feeling of ‘needing’ to be in a trade. We had Monetary Policy today, My Inbox was full of question with traders asking How we should trade, What is going to happen, Shall I trade or not etc.
The reason for this is Most of Traders believe if  they miss ‘this trade’ there won’t be another one like it for a long time, This feeling happens mostly in new traders or traders having less experience.  This is not the proper way to think if you want to trade successfully. The fact is, Market is always there but can you trade the market when the next opportunity comes.
Golden Step you can make today onward for developing the proper trading mindset.is Eliminating any ‘pressure’ or need to trade or make money.

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Nifty entering in Gann Resistance zone, EOD Analysis

• FII's sold 2.48 K contract of Index Future worth 159 cores ,1.6 K Long contract were liquidated by FII's and 0.8 K short contracts were added by FII's. Net Open Interest decreased  by 0.7 K contract, so rise in market was used by FII's to exit  long and enter shorts  in  Index futures. Where learning ends, beginning of practice happens and that is transformation !!

 As discussed last Analysis   Nifty made a low of 8555 forming double bottom and also protecting 8518 on Quarterly closing suggesting bulls have not give up yet. Till 8760 is not broken on upside bears have all chance of coming back and correct till 8444 levels, Signal of strength will come once we close above the gann angle line above 8656 a

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Bank Nifty entering in Supply zone, EOD Analysis

•  As discussed in Last analysis  Bulls need a close above 19451 for target of 19732/19811. Only on close above 19811 Bank nifty can move towards 20000/20212/20571. Any close below 19000 will see fast move towards 18800/18500. This can be the overview for the October series. Bulls broke 19451, did 19611 and now waiting for 19732. Range of 19650-19732 is very crucial range unable to cross them we can see another downmove towards 19451 and 19300, Close above 19732 can see fast move till 19811 and above than 20000. RBI Policy will be declared at 2:30 PM tomorrow.   Where learning ends, beginning of practice happens and that is transformation !!

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CESC Dabur United Spirits Gann Analysis

CESC

Positional Traders can use the below mentioned levels

Close above 615 Target 624/633/650

Intraday Traders can use the below mentioned levels

Buy above 617 Tgt

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Bank Nifty Weekly Forecast before Oct RBI Policy

Last Week we gave Chopad Level 19975  Bank Nifty opened gap down and did not gave entry as per chopad levels ,  Lets analyze how to trade bank nifty in coming  week.

Bank Nifty Hourly

As discussed in last analysis Bears below 19650 can see sharp pullback of 300-400 points.
Bank Nifty broke 19650 saw a sharp move of 600 points last week, Now for coming week 19000-19050 is important support zone, Holding the same we can bounce till

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Nifty Weekly Forecast before Oct RBI Policy

Last Week we gave Chopad Levels  of 8851, Nifty opened with gap down and traders were not able to initiate trade as per Chopad levels, Aggressive traders who shorted below chopad levels should have been rewarded. We have mentioned  last week we are entering a crucial week as per gann analysis as the effect was seen as Nifty corrected by 220 points highest from the bottom made on Feb 2015. So as I always say Price knows everything well in advance.
Lets analyze how to trade nifty in coming week as we enter the last quarter of 2016 and RBI Policy in coming week.

Nifty Hourly Chart

As discussed in last analysis break of 8803 can see nifty correcting back till 8761/8700.  Bullish on breakout above 8851 for target of 8903/8950.
Nifty did the target as we expected

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Trading using Bollinger Band

In Continuation with Previous Article Introduction to Bollinger Bands
Bollinger Band Trading Strategies

• Bollinger Bands to identify tops and bottoms
• Trend Following

1. Bollinger Bands to identify tops and bottoms

Bollinger Band can be sued to identify potential tops and bottom in the stock/ETF. Following 3 points should be kept in mind to identify potential tops and bottom

• A trending price move beyond the upper band
• A pullback towards the middle of the Bollinger Bands
• Another move higher (past the previous price high) but not closing above the upper end of Bollinger Bands

A Bollinger Band top signals losing momentum in an uptrend. It is important to remember that closing prices are more important when using Bollinger Bands to understand the signal.


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Nifty forms double bottom, Will it hold after RBI Policy

• FII's sold 21.8 K contract of Index Future worth 1379 cores ,21.6 K Long contract were liquidated by FII's and 0.2 K short contracts were added by FII's. Net Open Interest decreased  by 21.3 K contract, so rise in market was used by FII's to exit  long and enter shorts  in  Index futures. Where learning ends, beginning of practice happens and that is transformation !!

 As discussed last Analysis   As we have Weekly Monthly and Quarterly closing bears will like to see Nifty close below 8518 and bears bulls will like a close above 8656. Close below 8518 can see fast move towards 8476/8434. Bullish on close above 8656 only. Nifty made a low of 8555 forming double bottom and also protecting 8518 on

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Bank Nifty October Series Outlook

 As discussed in Last analysis    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.  Low made was 19085 and we saw quick recovery, but Bulls are not out of woods, Bulls need a close above 19451 for target of 19732/19811. Only on close above 19811 Bank nifty can move towards 20000/20212/20571. Any close below

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