Godrej I Biocon Ashok Leyland Swing Analysis

Godrej Industries

Positional Traders can use the below mentioned levels

Close above 388 Target 398/411

Intraday Traders can use the below mentioned levels

Buy above 385 Tgt

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Nifty forms Gravestone Doji after rallying 281 points,EOD Analysis

• FII's bought 10.1 K contract of Index Future worth 615 cores ,10.7 K Long contract were added by FII's and 0.5  K short contracts were added by FII's. Net Open Interest increased  by 11.3 K contract, so rise in market was used by FII's to enter long and enter shorts  in  Index futures. Why Traders are unable to Follow Your Trading Plan

As discussed in last analysis  Gann Analysis again helped us in capturing the short term bottom at 7916 and  big rally above 8010 for a move towards 8060 and 8130, High made was 8122.  Low made today was 8066 near the previous resistance zone of 8060,  Now Bulls need a move above 8177 for next move towards 8257/8338. High made today was 8197 but were unable to close above 8177

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Bank Nifty ready for trending move, EOD Analysis

As discussed in last analysis  Bank Nifty again took support at the gann angles as shown in below chart, Gann angles has provided support 3 times in past few days, Bulls should push the prices above 18400 for a move towards 18669/18800 else the support will be broken . High made today was 18427 so bulls unable to hold above 18400 and bears unable to break 18200. Price has been near gann angles from past few days sugesting trending move is round the corner, Bulls will get active above 18400 for target of 18700/19000 and bears below 18200 for a move towards 18000/17910.  Why Traders are unable to Follow Your Trading Plan

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Why Traders are unable to Follow Your Trading Plan

Many times during your trading you would have not followed your trading plan and made loss. As a trader you Know following my trading plan is only Key to my trading success but still you fail to follow your trading plan. Lets understand today what stop us from following our trading plan and how can we improve our trading habits to follow the plan religiously.
There are many factors that could contribute to your lack of discipline to follow your trading plan. Depending on your personality, background, training, and experience with the markets, you may have trouble controlling your tendency to act on impulse.
Most Important reason I found out with my working with traders over a period of time is Traders are unable to CONCENTRATE .

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Jubilant Food Idea Engineer India Darvas Box Analysis

Jubilant Food

Positional Traders can use the below mentioned levels

Close above 900 Target 932/956

Intraday Traders can use the below mentioned levels

Buy above 891 Tgt

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Nifty continues the uptrend holding 8060,EOD Analysis

• FII's sold 185 contract of Index Future worth 122 cores ,6.2 K Long contract were added by FII's and 6.4  K short contracts were added by FII's. Net Open Interest increased  by 12.6 K contract, so rise in market was used by FII's to enter long and enter shorts  in  Index futures. Positive Affirmations for Stock Trading

As discussed in last analysis  Gann Analysis again helped us in capturing the short term bottom at 7916 and  big rally above 8010 for a move towards 8060 and 8130, High made was 8122.  Low made today was 8066 near the previous resistance zone of 8060,  Now Bulls need a move above

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Bank Nifty Bulls again hold to gann angle,EOD Analysis

• As discussed in last analysis Bulls need a close above 18721 for a move towards 19000/19300. Bears will get active only below 18200. Bank Nifty opened gap down made low of 18187 and quickly recovered and closed well above 18200. Bank Nifty again took support at the gann angles as shown in below chart, Gann angles has provided support 3 times in past few days, Bulls should push the prices above 18400 for a move towards 18669/18800 else the support will be broken . Positive Affirmations for Stock Trading
  

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Positive Affirmations for Stock Trading

Self-Confidence plays a vital role in trading success. I want to share a few things that helped me  develop a winning  and positive mindset. As a trader 3 vital things which every trader should focus on are mentioned below

• Burning Desire - Market will test your will power, Its a school of hard knocks and if you do not have a burning desire to be successful you will lose out pretty early. Be prepared for all the eventualities and never say die attitude is must if you want to be a successful trader.

Definite goal - Have both Financial and Psychological Goals . Make Goals which are realistic and achievable. Make small goals, if you are achieving small goals

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Sun Pharma Hindalco JSW Energy Swing Trading Analysis

Sun Pharma

Positional Traders can use the below mentioned levels

Close above 717 Target 745/759

Intraday Traders can use the below mentioned levels

Buy above 717 Tgt

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RBI's Policy impacts on Nifty,Weekly Analysis

Last Week we gave Chopad Levels  of 8100, Nifty gave short entry on Monday  and did the 2 target on downside and missed the 3 target of 7896 by 20 points as low made was 7916 so disciplined Chopad Followers were rewarded again by Market.  Lets analyze how to trade nifty in coming week as RBI increased CRR rate by 100 BPS.

Nifty Hourly Chart

As discussed in last analysis   8048 done now close below 8039 can see fast move towards 7972/7927/7888. Bullish on close above 8100 for a fast move towards 8151//8222/8300

Low made was 7916 so nifty

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RBI's Policy impacts on Bank Nifty,Weekly Analysis

Last Week we gave Chopad Level 19000 Bank Nifty gave Short entry on Monday and did 3 target on Downside by Monday thus rewarding discipline chopad followers handsomely. Lets analyze how to trade bank nifty in coming  week as RBI increased CRR rate by 100 BPS

Bank Nifty Hourly

As discussed in last analysis  For coming week bulls need an hourly close above 19000 for move towards 19500 unable to do so fall till 18750/18500.

18500 done and now for coming week Bulls

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Nifty rallies 150 point from gann support zone,EOD Analysis

• FII's bought 10.7 K contract of Index Future worth 638 cores ,7.9 K Long contract were added by FII's and 2.7  K short contracts were liquidated 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.

As discussed in last analysis  As seen in below chart nifty is near gunner support of both horizontal and vertical line indicated a trending move round the corner, Bulls will get active above 8010, for a move towards 8060/8130 and bears below 7890 in between choppy move continues. Gann Analysis again helped us in capturing the short term bottom at 7916 and

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Bank Nifty Again Bounce from Gann Angle,EOD Analysis

As discussed in last analysis Low made yesterday was 18216 but closed above 18250 again near the gann angle support zone as shown in below chart. Holding 18250 bank nifty can again bounce till 18500/18721 below 18200 fall towards 18000/17850. Low made was 18266 near our gann support zone of 18250 as seen in below chart and High made was 18546 near our initial target of 18500 and closed above 18500 suggesting 18721 is the next target. Thats the Beauty of gann analysis it keeps you ahead of the curve and give that extra edge. Bulls need a close above 18721 for a move towards 19000/19300. Bears will get active only below 18200.

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The Last Ride

I arrived at the address and honked the horn. After waiting a few minutes, I honked again. Since this was going to be my last ride of my shift, I thought about just driving away, but instead I put the car in park and walked up to the door and knocked.
'Just a minute', answered a frail, elderly voice. I could hear something being dragged across the floor. After a long pause, the door opened. A small woman in her 90s stood before me. She was wearing a print dress and a pillbox hat with a veil pinned on it, like somebody out of a 1940s movie. By her side was a small nylon suitcase. The apartment looked as if no one had lived in it for years. All the furniture was covered with sheets. There were no clocks on the walls, no knickknacks or utensils on the counters. In the corner was a cardboard box filled with photos and glassware. 'Would you carry my bag out to the car?' she said. I took the suitcase to the cab, then returned to assist the woman.

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Bank Nifty again trading near gann support zone,EOD Analysis

• As discussed in last analysis   Bank Nifty was unable to move above 18721 and bears unable to close below 18250,in between choppy move will continue, Close above 18721 can push bank nifty towards 18000/18300. Low made yesterday was 18216 but closed above 18250 again near the gann angle support zone as shown in below chart. Holding 18250 bank nifty can again bounce till 18500/18721 below 18200 fall towards 18000/17850.

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Nifty ready for trending move, EOD Analysis

As discussed in last analysis   Holding 7916 we might has formed a short term bottom and see rally till 8130/8270. Bulls on close above 8010 can see fast move towards 8060/8100 in next 2 session. Bears will get active below 7900 and in between 7900-8010 it will be volatile expiry moves.  High made today was 8055 and closed above 8010 suggesting bulls are getting their foot back but we need a weekly close above 8010 to presume short term bottom is in place. Above 8060 we can see quick move towards 8100/8130. Bearish only on close below 7900 in between  7900-8010 choppy move continues Nifty failed to move the followup move above 8010 and also closed below 8010 yesterday, As seen in below chart nifty is near gunner support of both horizontal and vertical line indicated a trending move round the corner, Bulls will get active above 8010, for a move towards 8060/8130 and bears below 7890 in between choppy move continues.  Bank Nifty again trading near gann support zone,EOD Analysis

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HDFC Ib Housing Hindalco Supply Demand Analysis

HDFC

Positional Traders can use the below mentioned levels

Close above 1220 Target 1250/1270

Intraday Traders can use the below mentioned levels

Buy above 1220 Tgt

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Nifty November Expiry Analysis

• FII's sold 445 contract of Index Future worth 54 cores ,7.3 K Long contract were added by FII's and 6.9 K short contracts were added by FII's. Net Open Interest increased  by 14.2 K contract, so rise in market was used by FII's to enter long and enter shorts  in  Index futures.

As discussed in last analysis   Holding 7916 we might has formed a short term bottom and see rally till 8130/8270. Bulls on close above 8010 can see fast move towards 8060/8100 in next 2 session. Bears will get active below 7900 and in between 7900-8010 it will be volatile expiry moves.  High

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Bank Nifty held on to gann angle,EOD Analysis

• As discussed in last analysis  Now Bulls need a close above 18721 for a move towards 19000/19300. Bears will get active only on close below 18250 for a move towards 18000/17800. Bank Nifty was unable to move above 18721 and bears unable to close below 18250,in between choppy move will continue, Close above 18721 can push bank nifty towards 18000/18300.
  

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Arvind Adani Port Federal Bank Intraday Trading Levels

Arvind

Intraday Traders can use the below mentioned levels

Buy above 339 Tgt

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Nifty forms short term bottom,EOD Analysis

• FII's bought 5.7 K contract of Index Future worth 370 cores ,15.8 K Long contract were added by FII's and 10  K short contracts were added by FII's. Net Open Interest increased  by 25.9 K contract, so rise in market was used by FII's to enter long and enter shorts  in  Index futures.

As discussed in last analysis  7899 is very important level which needs to be watched in coming 2 days, Closing above it we can see relief rally till 8155 levels. Close below 7900 can see fresh selling towards 7820/7750. Low made today was 7938 higher than previous day low of 7916 and in process held on to 7900. Holding 7916 we might has formed a short term bottom and see rally

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Bank Nifty held on to gann angle,EOD Analysis

• As discussed in last analysis  Now range of 18300-18250 is important as its gann number and also gann angle so holding this we can see relief rally till 18625/18800. Bearish below 18250 for a move towards 18000/17800 . Low made today was 18322 near the gann angle and high made was 18650 which was near our 1 target as shown in below chart and we saw pause in the ongoing correction. Now Bulls need a close above 18721 for a move towards 19000/19300. Bears will get active only on close below 18250 for a move towards 18000/17800.

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ITC Container Corp Apollo Hospital Harmonic Analysis

ITC

 

Intraday Traders can use the below mentioned levels

Buy above 225.5 Tgt

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Nifty cracks below gann angle,EOD Analysis

• FII's bought 18.2 K contract of Index Future worth 1170 cores ,33.7 K Long contract were added by FII's and 15.5  K short contracts were added by FII's. Net Open Interest increased  by 49.2 K contract, so fall in market was used by FII's to enter long and enter shorts  in  Index futures. The Success Story Of Arnold Schwarzenegger

As discussed in last analysis Holding the range of 8039/8060 we can see sharp pullback towards 8210/8360. Fresh shorts should be done only below 7972 for a move towards 7900/7800. Nifty broke the range as soon as went below 7972 bears became active and pushed nifty towards 7900

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Bank Nifty cracks below gann angle,EOD Analysis

As discussed in last analysis  Next Week will be very interesting as we can see move of 400-600 points in 1-2 days as price do not stay near gann angles for long. Bulls will become active above 19000 for a move till 19220/19450. Bears are already active below 19000 and can push nifty towards 18750/18600 till trading below 19000. We expected a 400-600 point fall,and we got today and bank nifty moved from 1 gann angle to another gann angle as seen in below chart. Now range of 18300-18250 is important as its gann number and also gann angle so holding this we can see relief rally till 18625/18800. Bearish below 18250 for a move towards 18000/17800  The Success Story Of Arnold Schwarzenegger

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Technical Analysis Of Stocks :Apollo Tyre HDIL Canara Bank

Apollo Tyre

Positional Traders can use the below mentioned levels

Close above 191 Target 197/205

Intraday Traders can use the below mentioned levels

Buy above 190.5 Tgt 

 

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Bank Nifty Weekly Outlook for November Expiry

Last Week we gave Chopad Level 19810 Bank Nifty gave Long entry on Monday and did 3 target on Downside by Wednesday thus rewarding discipline chopad followers handsomely. Lets analyze how to trade bank nifty in coming  week as we approach November expiry.

Bank Nifty Hourly

As discussed in last analysis  For coming week 19800 holds key above it another up move towards 20300/20800.Bearish below 19300 for a move towards 18750

For coming week bulls need an hourly

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Nifty Weekly Outlook for November Expiry

Last Week we gave Chopad Levels  of 8297, Nifty gave short entry on Monday  and did the 3 target of 8050 made low at 8048 before staging small recovery so disciplined Chopad Followers were rewarded again by Market.  Lets analyze how to trade nifty in coming November expiry week

Nifty Hourly Chart

As discussed in last analysis   For coming week 8297 will play crucial role above it nifty can see move towards 8500/8581. Trading below 8287 can see move towards 8120/8000.

8048 done now close below

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Nifty continue to hold gann support zone,EOD Analysis

• FII's sold 10.8 K contract of Index Future worth 597 cores ,355 Long contract were added by FII's and 11.2  K short contracts were added by FII's. Net Open Interest increased  by 11.5 K contract, so fall in market was used by FII's to enter long and enter shorts  in  Index futures. The Success Story Of Arnold Schwarzenegger

As discussed in last analysis Next 2 days are very important as bulls need to hold range of 8039-8060 on Weekly closing basis else we can see deeper cut in market towards 7700/7800. Fresh shorts should be done on close below 7972 only for move towards 7800/7750. Low made

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Bank Nifty close below 19000, EOD Analysis

As discussed in last analysis  Holding the low of 19000 and close above 19140 on hourly basis bank nifty can stage rally towards 19360/19500/19650. Bearish only on close below 19000 for a move towards 18750/18500. Bank Nifty finally closed below 19000 but still trading near the gann angles as shown in below chart, Next Week will be very interesting as we can see move of 400-600 points in 1-2 days as price do not stay near gann angles for long. Bulls will become active above 19000 for a move till 19220/19450. Bears are already active below 19000 and can push nifty towards 18750/18600 till trading below 19000.   The Success Story Of Arnold Schwarzenegger

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The Success Story Of Arnold Schwarzenegger

In the '70 he had reached the peak of his bodybuilding career and was about to retire. Of course back then he wasn't as famous as in the '80 and '90.
So, in 1976 a journalist asked him what he was planning to do after his bodybuilding career.
Schwarzenegger smiled at him and calmly replied: "I'm going to be a movie star in Hollywood."
The journalist was surprised and rather amused by Schwarzenegger's answer. He couldn’t imagine how this huge body builder with poor English and an Austrian accent could even hope to become a Hollywood movie star.
“And how do you plan to make this happen”? the journalist asked.


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Voltas Arvind Glenmark Swing Analysis

Voltas

 

Positional Traders can use the below mentioned levels

Close below 296  Target 288/282

Intraday Traders can use the below mentioned levels

Buy above 306.5 Tgt

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Bank Nifty forms DOJI near gann support zone,EOD Analysis

• As discussed in last analysis Closing below 19000 which is gann angle support as shown in below chart bank nifty can move towards 18800/18612. Bullish only on close above 19300. Bank Nifty High today was 19328 but unable to sustain above 19300 and saw big fall and did the target of 19000 below 19180 and in the process held on to gann angles. Holding the low of 19000 and close above 19140 on hourly basis bank nifty can stage rally towards 19360/19500/19650. Bearish only on close below 19000 for a move towards 18750/18500.   How to Keep Your Cool When Trading
  

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Harmonic Trading Pattern: ITC RCOM Jain Irrigation

ITC

Positional Traders can use the below mentioned levels

Close above 233 Target 238/241/247

Intraday Traders can use the below mentioned levels

Buy above 233 Tgt

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Nifty continue to hold Gann Support zone,EOD Analysis

• FII's bought 1.6 K contract of Index Future worth 94 cores ,837 Long contract were liquidated by FII's and 2.4  K short contracts were liquidated by FII's. Net Open Interest increased  by 3.2 K contract, so fall in market was used by FII's to exit long and exit shorts  in  Index futures. How to Keep Your Cool When Trading

As discussed in last analysis Now again Nifty is at crossroads near gann angle as show in below chart, Range of 8093-8040 is the support range if held we can see fast bounce towards 8448. Bulls will get active above 8188 for a move towards 8270/8410

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How to Keep Your Cool When Trading

Market are on tear past few days after US Election Results and Demonetization of 500 and 1000 Rs note. In order to avoid becoming a casualty of the herd mentality and selling at the wrong time, consider these three strategies to keep your cool in a declining stock market environment. Emotional trading can lead to mistakes that can have major impact on your trading account.
1. Stick with your trading plan and turn off the news. Stop watching new channel, Social Media strict NO in such time. Rumor mongering at its highest. Just stick to your plan and trade with strict SL
2. Manage your emotions. It’s virtually impossible to erase fear, panic, and greed, especially when it comes to money.  It helps to have a written plan that

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Will Nifty again bounce from Gann Support zone,EOD Analysis

• FII's sold 22.4 K contract of Index Future worth 1356 cores ,1.5 K Long contract were liquidated by FII's and 20.9 K short contracts were added by FII's. Net Open Interest increased  by 19.3 K contract, so fall in market was used by FII's to exit long and enter shorts  in  Index futures.

As discussed in last analysis Nifty opened with gap down and continued with its fall and closed below our important gann number of 8300.  Below 8300 Nifty can see quick fall towards 8180/8080. Above 8300 expect another move towards 8400/8556. 8300 is the LOC between Bulls and bears for next week. Nifty opened at 8288 below 8300 quickly sold off  low made today was 8093 near our target of 8080. Now again Nifty is at crossroads near gann angle as show in below chart,

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Will Bank Nifty again bounce from Gann Support zone,EOD Analysis

• As discussed in last analysis Bulls again failed to close above 20300 on weekly basis,but continue to hold our support at 19732. Bulls need to hold 19732-19650 range for another move towards 20000/20232. Bank Nifty was not able to hold 19732 and gave the fall. Today's low of 19240-19200 is very important support zone as per gann angles shown below,Close above 19300 upmove back towards 19732 and close above 19732 again move towards 20000.  Bears will get active below 19180 for a fast move towards 19000/18750.

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Gann Price and Time Square: Rel Infra Havells HDFC

Rel Infra

Positional Traders can use the below mentioned levels

Close above 501 Target 521/555

Intraday Traders can use the below mentioned levels

Buy above 493 Tgt

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Bank Nifty Weekly Forecast as we Approach New Time Cycle

Last Week we gave Chopad Level 19252 Bank Nifty gave Long entry on Monday and did 1 target on Upside, Opened with Huge gap down on Wedneday but as soon as it moved above 19252 all target were done on upside by Thursday thus rewarding discipline chopad followers handsomely. Lets analyze how to trade bank nifty in coming  week as Finally the effect of 25-26 Oct Time Cycle is coming to an end and Bank Nifty will start a new cycle till 26 Nov. We can see continuation of current trend or trend reversal with 19750 being a trend change level for this new time cycle.

Bank Nifty Hourly

As discussed in last analysis  coming week holding 18960 bounce towards 19500/19750/20000.

After Big gap down on Wednesday as soon as 18960 was conquered we saw fast move towards 20000. For coming week 19800 holds key above it another up move towards 20300/20800.Bearish below 19300 for a move towards 18750

Bank Nifty Harmonic Pattern

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Nifty Weekly Forecast as we Approach New Time Cycle

Last Week we gave Chopad Levels  of 8448, Nifty did not gave entry till Wednesday as trading well above chopad level, Shorts got triggered on Wednesday which got stopped out on Thursday as market opened gap up giving loss of 120 points, But loss was immediately recovered on Friday as Nifty gave a perfect short entry at 8448 and did the 1 target of 8330 and closed at 8296, so disciplined Chopad Followers were rewarded again by Market.  Lets analyze how to trade nifty in coming week as Finally the effect of 25-26 Oct Time Cycle is coming to an end and Nifty will start a new cycle till 26 Nov. We can see continuation of current trend or trend reversal with 8300 being a trend change level for this new time cycle.

Nifty Hourly Chart

As discussed in last analysis    Coming Week 8434 will play crucial role below this market will touch 8287/8130, Above 8450 nifty will go towards 8568/8700.

Nifty traded with gaps most of the week

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Nifty again sold off from gann angle,EOD Analysis

• FII's sold 17.2 K contract of Index Future worth 1020 cores ,15.5 K Long contract were liquidated by FII's and 1.6 K short contracts were added by FII's. Net Open Interest increased  by 13.8 K contract, so fall in market was used by FII's to exit long and emter shorts  in  Index futures.

As discussed in last analysis Today high is very important as its near the gann angles which nifty failed to cross in past 5 attempt as seen in below chart. Bulls need a close above 8600 for a move towards 8656/8737. Bears will get active below 8300 for a move towards 8231/8130. Nifty opened with gap down and continued with its fall and closed below our important gann number of 8300.

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Bank Nifty hold the support zone of 19732,EOD Analysis

• As discussed in last analysis Now Bulls need to close above 20300 for a move above 20500/20907. Bears will get active below 20000 for a target of 19732.  Bulls need a weekly close above 20300 as shown in below gann angle chart for a move towards life high.  Bulls again failed to close above 20300 on weekly basis,but continue to hold our support at 19732. Bulls need to hold 19732-19650 range for another move towards 20000/20232.
  

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Challenges and Effects of Demonetization

In presentation by Anand Rathi Securities group on the challenges and effects of demonetization, and am summarizing the points below for your benefit:

1. Immediate impact: is expected to be negative all round:

a. In the short term it will be a logistical nightmare to manage the cash replacement in banks and smooth functioning of the banking system
b. slowdown in consumer spending due to limited cash availability
c. severe liquidity issues in cash based sectors like Real Estate and Jewellery
d. GDP will decline in the next 2 quarters

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Understanding Trading from Six Blind men perceptive

Lets try to correlate Stock market with one of the famous childhood story of SIX Blind men and  Elephant Story goes something like this
Once upon a time, there were Six blind man. Once They heard someone talking about elephant which make then curious what exactly is an Elephant. To satiate themselves they took a trip in city and with a help of a friend of them found an elephant. Now each man walked one by one towards the elephant to get a feel of it by touching and understating what exactly an elephant looks like.

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Nifty Bulls again fail to close above gann angle,EOD Analysis

• FII's bought 2.8 K contract of Index Future worth 204 cores ,1 K Long contract were added by FII's and 1.8 K short contracts were liquidated by FII's. Net Open Interest increased  by 764 contract, so rise in market was used by FII's to enter long and exit shorts  in  Index futures.

As discussed in last analysis Bulls need a close above 8487 for a move towards 8600/8737. Bears will get active below 8400 for a fast move towards 8287/8100. Nifty opened above 8487 made low of 8510 and rallied to make high of 8598.5 near our target of 8600. Today high is very important as its near the gann angles which nifty failed to cross in past 5 attempt as seen in below chart. Bulls need a close above 8600 for a move towards 8656/8737. Bears will get active below 8300

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Will Bank Nifty Bulls do Weekly close above 20300,EOD Analysis

• As discussed in last analysis Bulls need a close above 19600 for a move towards 19732/19900/20200. Bears will get active below 19350 for a fast move towards 19252/19000. Gann Support gave such a big rally of 2140 point in matter of 2 trading days.  Bank Nifty opened gap up above 19787 and fired up as we discussed. High made was 20283 near our target of 20200. Now Bulls need to close above 20300 for a move above 20500/20907. Bears will get active below 20000 for a target of 19732.  Bulls need a weekly close above 20300 as shown in below gann angle chart for a move towards life high.  

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Hindalco PC Jewllers DHFL Supply Demand Analysis

Hindalco

Positional Traders can use the below mentioned levels

Close below 150 Target 146/140

Intraday Traders can use the below mentioned levels

Buy above 152 Tgt

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Bank Nifty Technical Structure after Surgical Strike on Black Money

As discussed in Last analysis   Bank Nifty closed above 19252 suggesting move till 19666 on cards till 19252 is held. Break of 19252 will lead fast move towards 19000 and below it 18750, Bank Nifty continue to hold 19252 as low made today was 19322. As Today our PM did Surgical Strike on Black Money  Government's surgical strike against black money Tomorrow if we open gap down and break 19252 we can see quick move towards 19000 below that 18750.


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Government's surgical strike against black money

Summary of the important announcement :

 

1. Black money issue,  500 rupees and 1000 rupees banned from Midnight.

 

2. ATM's wouldn't wouldn't work on 9th and 10th November. Rather the withdrawal limit is Rs.  2000 only.

 

3. All Residents have option till 30th December 2016, to deposit their existing cash balance of 500 and 1000 rupees in their bank accounts.

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Why is it so hard to be inactive in trading

An insightful post from Dave Kelly asks the question, *"Why is it so hard to be inactive*?" in markets.  Many a trader I've known has traded very well and profitably, only to see those profits vanish through unnecessary trading.  They have trouble with patience, with the not-trading that is every bit as important to success as the trading of one's edges in markets.

 

But just as nature abhors a vacuum, people dislike boredom and non-activity.  There is always movement in markets and, out of a dislike of inactivity, it's easy to latch onto movement as a reason to trade.  That is why truly patient traders get away from their screens.  You can't feed the slot machine if you step off the casino floor.

 

Most importantly, I've never known a good trader who is inactive when he or she is not trading.  They are active in different ways.  They're consulting

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Bank Nifty does ABCD pattern target,EOD Analysis

 As discussed in Last analysis  Bank Nifty is forming a Bullish ABCD pattern which got completed in the range of 18950-18961, so holding this range we can see bounce back till 19252/19400. Bearish below 18950 for a target of 18850/18750. Bank Nifty showed effect of bullish ABCD pattern and made high of 19378 near target of of 19400. Bank Nifty closed above 19252 suggesting move till 19666 on cards till 19252 is held. Break of 19252 will lead fast move towards 19000 and below it 18750  Arrogance, in varied degrees, before the fall starts

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PNB Amar Bharat Forge Swing Analysis

PNB

 

Positional Traders can use the below mentioned levels

Close above 134 Target 139/141/144

Intraday Traders can use the below mentioned levels

Buy above 134 Tgt

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How to trade Bank Nifty in US Presidential Election Week

Last Week we gave Chopad Level 19580 Bank Nifty gave Short entry on Monday and did 3 target on downside ,which were rewarded handsomely. Lets analyze how to trade bank nifty in coming  week.

Bank Nifty Hourly

As discussed in last analysis Bank Nifty need a close above 19750 for bulls to become active bears will get active below 19500 for targt of 19200/19000.

19000 done for coming week holding 18960 bounce towards 19500/19750/20000.

Bank Nifty Harmonic Pattern

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How to trade Nifty in US Presidential Election Week

Last Week we gave Chopad Levels  of 8650, Nifty gave short entry on Tuesday  which did 3 target on downside,  Thus rewarding the disciplined Chopad followers in new samvat.  Lets analyze how to trade nifty in coming week as finally the overhang of US election will be over by Wednesday and nifty closing at very crucial number of 8434 signifying 500 point trending move is round the corner.

Nifty Hourly Chart

As discussed in last analysis   Coming week 8650-8660 is crucial zone, closing above it move towards 8737/8800 and below it move towards 8550/8448.

High made was 8670 and below 8650 nifty did the target of 8448. Coming Week 8434 will play crucial role below this market will touch 8287/8130, Above 8450 nifty will go towards..

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Nifty breaks the 8450 support zone, EOD Analysis

• FII's sold 15.3 K contract of Index Future worth 968 cores ,7.3 K Long contract were liquidated by FII's and 8 K short contracts were added by FII's. Net Open Interest increased  by 705 contract, so fall in market was used by FII's to exit  long and enter shorts  in  Index futures.  Arrogance, in varied degrees, before the fall starts

 As discussed last Analysis  now 8448-8444 level if and when it comes is very strong support zone, holding the same we can see a very sharp recovery, breaking the same we can correct till 8200,We are going in the demand zone so its prudent to cut short and do fresh shorting only below 8400 level, As we have US election overhand till 09 Nov its prudent to trade less,Long can be taken in range of 8444-8476 if and when it comes with strict sl of 8420 expecting a recovery  till 8520/8600.  Low made was 8400 so bulls who took trades got stopped out Nifty close at 8434 is at very crucial level,

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Bank Nifty forms ABCD Pattern,EOD Analysis

As discussed in Last analysis  Bank Nifty closed below 19500 yesterday and did the target of 19300 also in gap down as bank nifty was not able to close above gann angle, now the range of 19100-19113 is very important holding the same  and moving above 19252 can see move till 19543.Bear need close below 19100 for move towards 19000/18850.  Close below 19000 can see fast move till 18850. Low mad today was 18961 but close above 19000, so bulls were able to protect 19000  range. Bank Nifty is forming a Bullish ABCD pattern which got completed in the range of 18950-18961, so holding this range we can see bounce back till 19252/19400. Bearish below 18950 for a target of 18850/18750.  Arrogance, in varied degrees, before the fall starts

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Canara Bank DLF IBR Harmonic Pattern Analysis

Canara Bank

Positional Traders can use the below mentioned levels

Holding 291 Target 305/314

Intraday Traders can use the below mentioned levels

Buy above 296  Tgt

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Nifty trading near gann support zone,EOD Analysis

• FII's sold 6.3 K contract of Index Future worth 416 cores ,5.6 K Long contract were liquidated by FII's and 0.6 K short contracts were added by FII's. Net Open Interest decreased  by 5 K contract, so fall in market was used by FII's to exit  long and enter shorts  in  Index futures.  Traders should -Specialize or Diversify

 As discussed last Analysis  now 8448-8444 level if and when it comes is very strong support zone, holding the same we can see a very sharp recovery, breaking the same we can correct till 8200. Low made today was 8484, we are going in the demand zone so its prudent to cut short

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Bank Nifty continue to trade below gann arc,EOD Analysis

 As discussed in Last analysis  Bank Nifty closed below 19500 yesterday and did the target of 19300 also in gap down as bank nifty was not able to close above gann angle, now the range of 19100-19113 is very important holding the same  and moving above 19252 can see move till 19543.  Close below 19000 can see fast move till 18850. Low mad today was 19119 so bulls were able to protect 19100-19113 range but were unable to close above 19252, Bulls need a close above 19252 for a move towards 19500/19750,Bear need close below 19100 for move towards 19000/18850.  Traders should -Specialize or Diversify

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NCC Engineer India Tata Chemicals Darvas Box Analysis

NCC

Positional Traders can use the below mentioned levels

Close below 88.3 Target 86/84

Intraday Traders can use the below mentioned levels

Buy above 89.8 Tgt

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Nifty Bears rewarded by holding nifty below gann angle,EOD Analysis

• FII's sold 13.3 K contract of Index Future worth 802 cores ,5.6 K Long contract were liquidated by FII's and 7.7 K short contracts were added by FII's. Net Open Interest increased  by 2 K contract, so fall 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 today was 8669, near the gann trendline Bulls need close above 8656 and gann angle as shown in below chart for a move till 8700/8750,

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Bank Nifty does 19200 below 19500,EOD Analysis

 As discussed in Last analysis 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. Bank Nifty closed below 19500 and just near the gann support line as shown in below chart, Unable to close above 19500 tomorrow bears will push nifty below 19300/19000. Bulls will get active above 19700 only in between choppy moves. Bank Nifty closed below 19500 yesterday and did the target of 19300 also in gap down as bank nifty was not able to close above gann angle, now the range of 19100-19113 is very important holding the same  and moving above 19252 can see move till 19543.  Close below 19000 can see fast move till 18850. Traders should -Specialize or Diversify

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Traders should -Specialize or Diversify

The greatest number of losing traders is found in the short-term and intraday ranks.  This has less to do with the time frame and more to do with the fact that many of these traders lack proper preparation and a well thought-out game plan.  By trading in the time frame most unforgiving of even minute error and most vulnerable to floor manipulation and general costs of trading, losses due to lack of knowledge and lack of preparedness are exponential.  These traders are often undercapitalized as well.  Winning traders often trade in mid-term to long-term time frames.  Often they carry greater initial levels of equity as well.” Walter Downs
During my trading Seminars many traders asked me " Is it better to diversify and trade many instruments or specialize and trade just a few."
Let me try to give the answer to the question
I am in the later camp, as it takes all my usable mind capacity

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Bharat F Bank Baroda Infy Gann Analysis

Bharat Forge

Positional Traders can use the below mentioned levels

Close below 858 Target 830

Intraday Traders can use the below mentioned levels

Buy above 872 Tgt

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Nifty Bulls fail to close above gann angle,EOD Analysis

• FII's sold 8.4 K contract of Index Future worth 535 cores ,3.3 K Long contract were liquidated by FII's and 4.9 K short contracts were added by FII's. Net Open Interest increased  by 1.6 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 today was 8669, near the gann trendline Bulls need close above 8656 and gann angle as shown in below chart for a move till 8700/8750,

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Bank Nifty trades near gann angle,EOD Analysis

 As discussed in Last analysis 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. Bank Nifty closed below 19500 and just near the gann support line as shown in below chart, Unable to close above 19500 tomorrow bears will push nifty below 19300/19000. Bulls will get active above 19700 only in between choppy moves.   Muhurat Trading: Vows Traders should make to avoid loss in coming Year

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