Traders New Year's Resolutions for 2017

As 2016  come to an end and 2017 approaches,  it’s an important time for a trader; it’s time for you to make an honest assessment of your trading performance over the last year. The dawning of a new year is the perfect time to set new goals and embark down uncharted paths. Now is the time to plan your Resolution.
You can have a bad/good/Neutral trading year, it’s time for an honest self-assessment of the things you did right and wrong over the course of the 2016.  If you want to grow as a trader you will need to reflect on your mistakes and correct them for a better 2017. If you can’t be honest with yourself about your trading performance in 2016 and own up to the mistakes you committed, you stand little chance of turning the ship around in 2015.
Before we get to some suggested resolutions, I’d like

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Trading Lesson Learnt From my Trading Guru Part-III

In Continuation with the previous 2 articles
Trading Lesson Learnt From my Trading Guru
Valuable Trading Lesson Learnt From my Trading Guru Part-II
Before starting the article a small note, If You Really Enjoy my article, Could you please do me a ‘Huge favor’ after you have finished reading today’s lesson. Please click the Facebook Link below this article. Most importantly, make sure you share your feedback by using the comment box below. I appreciate your support.
 “Have the courage to trade in big quantity ”
He meant the willingness to carry a very, very large position when you have a high degree of conviction and the risk/reward makes sense.
This is actually the flip side of  My Guru's last pearl of wisdom- when there’s nothing to do, do nothing. But when there’s something worth doing, then do it in size.
Geroge Soros frequently talks about this, because it’s a common trait of all great traders. In order to be a big winner, you have to be very, very large in the positions that have the best risk/reward. Considering that most traders make their year on two or three big trades, then you have to pile in when you see an opportunity.
The key question is: how do you judge

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Larry Williams OOPS Trading System

Larry Williams OOPS System  methodology was presented in his book, How I Made One Million Dollars Trading Commodities. It is still used by many traders with varying adaptations. OOPS trading System can be used for pattern applicable on  hourly, daily, weekly, monthly or yearly.
History:
Back in 1979 Larry Williams published a description of a short-term trading method that is based on a pattern observed often in markets. The OOPS signal is a gap trading method that fades the direction of the opening gap. It is named thus, according to Williams, because when a broker would report to his clients that they were stopped out, he would call them and say, "Oops, we lost." Markets open and gap overnight, due to a reaction

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How To Teach Your Brain To Trade

A lot of books have been written about the two sides of our brain. The Left Side which is the more linear, formula based, procedure oriented brain and The Right Side which understands design, symphony and context. Nobel Laureate Daniel Kahneman calls it System I and System II.
System I – is the one which came up with the word HILL ( jack and Jill went up the ____ ) It prompted you. It always does that. Bad news is you can’t even shut it down. Want a proof ?
Which line is bigger ?

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Tata Steel SBI VEDL Intraday Trading Levels

Tata Steel

Positional Traders can use the below mentioned levels

Close above 392  Target 398/411

Intraday Traders can use the below mentioned levels

Buy above 392 Tgt

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Nifty Weekly Forecast for December 2016 Expiry

Last Week we gave Chopad Levels  of 8156, Nifty made High of 8132 on Monday giving Opportunity for Chopad Followers to Enter short trade a bit risky one as It did not touch the exact level of 8156 but rewards were also very good as it did the 3 target of 7972  thus rewarding Chopad Followers with Christmas and New Year gift :) Wishing Everyone a Merry Christmas  As we approach the last trading week of 2016 Lets analyze how to trade nifty in coming week. I sincerely Hope the Weekly Chopad levels have helped in your trading in 2016 and helped you becoming a profitable trader.

Nifty Hourly Chart

As discussed in last analysis  Bulls are backend till

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Bank Nifty Weekly Forecast for December 2016 Expiry

Last Week we gave Chopad Level 18350 Bank Nifty made HIgh of 18316 on Monday giving Oppurtunity for Chopad Followers to Enter short trade a bit risky one as It did not touch the exact level of 18350 but rewards were also very good as it did the 3 target of 18350 Low made was 18316 thus rewarding Chopad Followers with Christmas and New Year gift :) Wishing Everyone a Merry Christmas  As we approach the last trading week of 2016 Lets analyze how to trade bank nifty in coming week. I sincerely Hope the Weekly Chopad levels have helped in your trading in 2016 and helped you becoming a profitable trader.

Bank Nifty Hourly

As discussed in last analysis Break of 18750 can see move towards 19000/19150. Break of 18200 on downside move towards 18000/17850
Low made was 17816 so 17850 done as the range

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Will Nifty hold 7916 Swing low ,EOD Analysis

• FII's sold 10.5 K contract of Index Future worth 653 cores ,10.7 K Long contract were added by FII's and 21.2 K short contracts were added by FII's. Net Open Interest increased  by 32 K contract, so rise in market was used by FII's to enter long and enter  shorts  in  Index futures. Don’t Hope,… Decide!

As discussed in last analysis  Nifty did low of 8062, Today low is very crucial its kind of make or break level looking at the current price action and time analysis, Break of 8056 will see a move towards 7972/7916. Holding the same another bounce towards 8150/8200. Close below 8051 move towards 8000/7916. Nifty opened at 8046 below 8050 and did the target of 8000/7972.

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Bank Nifty forms Doji near gann support zone,EOD Analysis

As discussed in Last Analysis  Now as we are near support zone again, Holding 17860 Bank Nifty can bounce back towards 18070/18250. Below 17800 move towards 17640/17440.  Low made was 17819 and closed above 17860 suggesting we can see bounce towards 18070/18250. Fresh shorts should be taken below 17800 only for a move towards 17640/17440. As seen in below chart Unable to close above 18250 we can see fall towards 16980/16500.   Don’t Hope,… Decide!

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Don’t Hope,… Decide!

While waiting to pick up a friend at the airport in Portland, Oregon, I had one of those life-changing experiences that you hear other people talk about — the kind that sneaks up on you unexpectedly. This one occurred a mere two feet away from me.
Straining to locate my friend among the passengers deplaning through the jet way, I noticed a man coming toward me carrying two light bags. He stopped right next to me to greet his family.
First he motioned to his youngest son (maybe six years old) as he laid down his bags. They gave each other a long, loving hug. As they separated enough to look in each other’s face, I heard the father say, “It’s so good to see you, son. I missed you so much!” His son smiled somewhat shyly, averted his eyes and replied softly, “Me, too, Dad!”


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Nifty does 7972 below 8050, EOD Analysis

• FII's sold 13.8 K contract of Index Future worth 786 cores ,865 Long contract were liquidated by FII's and 13 K short contracts were added by FII's. Net Open Interest increased  by 12.1 K contract, so fall in market was used by FII's to exit long and enter  shorts  in  Index futures. How Your Brain Stops You From Being A Trader

As discussed in last analysis  Nifty did low of 8062, Today low is very crucial its kind of make or break level looking at the current price action and time analysis, Break of 8056 will see a move towards 7972/7916. Holding the same another bounce towards 8150/8200. Close below 8051 move towards 8000/7916. Nifty opened at 8046 below 8050 and did the target of 8000/7972.

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Bank Nifty does 17900 below 18250, EOD Analysis

As discussed in Last Analysis  Unable to cross 18250 Bank nifty can further see a fall below 17910/17800. The range is broken after 21 trading sessions and also closed below the gann angles support zone, Next 2 days are very crucial as bulls can attempt another close above 18250 and moving higher towards 18500/18750. Till below 18250 bears are in control and can push index towards 17910. Bank Nifty did the low of 17839 almost did our target of 17800, below 18250. Price almost closed at the gann angle as shown in below chart. Now as we are near support zone again, Holding 17860 Bank Nifty can bounce back towards 18070/18250. Below 17800 move towards 17640/17440.  Thats the beauty of gann it keeps you 1 step ahead.  How Your Brain Stops You From Being A Trader

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Nifty Continue to hold 8050,EOD Analysis

• FII's bought 643 contract of Index Future worth 50 cores ,802 Long contract were liquidated by FII's and 1.4 K short contracts were liquidated by FII's. Net Open Interest increased  by 2.2 K contract, so fall in market was used by FII's to exit long and exit shorts  in  Index futures. How Your Brain Stops You From Being A Trader

As discussed in last analysis  Nifty did low of 8062, Today low is very crucial its kind of make or break level looking at the current price action and time analysis, Break of 8056 will see a move towards 7972/7916. Holding the same another bounce towards 8150/8200. Low

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Bank Nifty continue to trade below gann angle,EOD Analysis

As discussed in Last Analysis  Unable to cross 18250 Bank nifty can further see a fall below 17910/17800. The range is broken after 21 trading sessions and also closed below the gann angles support zone, Next 2 days are very crucial as bulls can attempt another close above 18250 and moving higher towards 18500/18750. Till below 18250 bears are in control and can push index towards 17910. High made today was 18167 so still unable to close above 18250 and low made was 18043 so still 18000 proving a strong support, as seen in below chart 18000-17910 is an important support zone, so holding the same we can see a fast move in next 2-3 days. Bulls will get firepower only above 18200 only for a move towards 18500-18700. How Your Brain Stops You From Being A Trader

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Bank India Canara Bank HDFC Harmonic Analysis

Bank India

Positional Traders can use the below mentioned levels

Close above 111 Target 117

Intraday Traders can use the below mentioned levels

Buy above 111.2 Tgt

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Nifty near crucial juncture, EOD Analysis

• FII's bought 2.8 K contract of Index Future worth 187 cores ,2.2 K Long contract were added by FII's and .5 K short contracts were liquidated by FII's. Net Open Interest increased  by 1.7 K contract, so fall in market was used by FII's to enter long and exit shorts  in  Index futures. How Your Brain Stops You From Being A Trader

As discussed in last analysis  Monday we should see follow down move towards 8100/8050 till we are closing below 8150,  Below 8150 target 8100/8050/7972, Above 8250 target 8330/8370/8444. Nifty did 8100 below 8150 and made low of 8095, near gann arc support, if held another move towards 8150/8220. Bears will get active below 8085 for a move towards 8031/7972. Nifty did low of 8062,

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Bank Nifty does 18000 breaking 18250,EOD Analysis

As discussed in Last Analysis  Bank Nifty is forming small range of 18250-18500 so break of any 2 levels will see move of 250 points. Below 18200 move towards 18050/17910. Low made today was 18009 so we got the expected 250 points move below 18250. Unable to cross 18250 Bank nifty can further see a fall below 17910/17800. The range is broken after 21 trading sessions and also closed below the gann angles support zone, Next 2 days are very crucial as bulls can attempt another close above 18250 and moving higher towards 18500/18750. Till below 18250 bears are in control and can push index towards 17910. How Your Brain Stops You From Being A Trader

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How To Teach Your Brain To Trade

We are all numb nuts. Including me. And the best part – We don’t know that we don’t know. It’s called ‘Dogmatism’ – an unshakeable belief that we know something to be true even if we don’t. It’s difficult to accept, I know. So let me take you on a wild goose chase…
Listen to this story  :
A Little girl named Mary goes to the beach with her mother and her brother. They drive there in a red car. At the beach, they swim, eat some ice cream, play in the sand, and have some sandwiches for lunch.
Take a pen a paper and start writing answers to the following questions without re- reading the passage. Be truthful about this if you want to be amazed. Here are the questions ;

What is the colour of the car ?

Did they have fish and chips for lunch ?

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HDIL Rel Cap Castrol Swing Analysis

HDIL

Positional Traders can use the below mentioned levels

Close above 60 Target 63

Intraday Traders can use the below mentioned levels

Buy above 59.7 Tgt

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Will Nifty bounce from Gunner Support,EOD Analysis

• FII's bought 4.8 K contract of Index Future worth 326 cores ,1.2 K Long contract were added by FII's and 3.5 K short contracts were liquidated by FII's. Net Open Interest decreased  by 2.3 K contract, so fall in market was used by FII's to enter long and exit shorts  in  Index futures. Secret of Trading Success :Consistency

As discussed in last analysis  Monday we should see follow down move towards 8100/8050 till we are closing below 8150,  Below 8150 target 8100/8050/7972, Above 8250 target 8330/8370/8444. Nifty did 8100 below 8150 and made low of 8095, near gann arc support, if held another move towards 8150/8220.

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Will Bank Nifty hold the gann angle support,EOD Analysis

As discussed in Last Analysis  Bank Nifty is forming small range of 18250-18500 so break of any 2 levels will see move of 250 points.  High made today was 18316 Low made was 18215 and close at 18257 so still the small range is not broken. Its been 20 trading session bank nifty is trading in the range of 18200-18700 frustrating trend traders and paradise for scalpers and option writer. Still the gann support zone is held suggesting Holding 18200 we can see another up move towards 18500/18700.Below 18200 move towards 18050/17910. Secret of Trading Success :Consistency

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Secret of Trading Success :Consistency

An Engineer has to clear till 12 Class, than Clear Pre Engineering entrance test Like IIT/PET. Get into a good college he needs to again clears 42 Exams in 4 years and finally, after probably years of training and education, he gets a Job and there again he need to take training to lead bigger projects.
Similarly, surgeons begin mastering their craft by first obtaining education / training and then they might practice on cadavers in the lab or shadow a mentor in a real lab setting, and then finally after years of practice they are ready to operate on a patient by themselves.
A professional trader will take a

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AB Nuvo Dabur Asain Paints Gann Trading Levels

AB Nuvo

Positional Traders can use the below mentioned levels

Close above 1212 Target 1240/1275

Intraday Traders can use the below mentioned levels

Buy above 1201 Tgt

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Bank Nifty forms Inside Bar, Weekly Forecast

Last Week we gave Chopad Level 18260 Bank Nifty opened gap down and no entry was initiated as per Chopad levels. Lets analyze how to trade bank nifty in coming week

Bank Nifty Hourly

Hourly chart still stuck in 500 points range from last 19 trading sessions, Last week also Bank Nifty opened gap down below 18200 but quickly recovered suggesting fight

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Nifty forms Inside Bar, Weekly Forecast

Last Week we gave Chopad Levels  of 8286, Nifty gave no entry as it opened gap down at 8230 thus chopad followers did not get an oppurtunity to trade last week, break from trading after long time :) Lets analyze how to trade nifty in coming week expecting some good move.

Nifty Gann Angles

Nifty still holding  gann angles support zone heading towards

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Nifty break 8150, follow up down move awaited, EOD Analysis

• FII's sold 8.4 K contract of Index Future worth 504 cores ,12.4 K Long contract were liquidated by FII's and 4 K short contracts were liquidated by FII's. Net Open Interest decreased  by 16.4 K contract, so fall in market was used by FII's to exit long and exit shorts  in  Index futures. Visualizing Failure to be Successful

As discussed in last analysis  zone of 8154-8250 is like no trade zone for trend followers and paradise for scalper :). As Time Cycle is changing so expect this range to break in next 2 trading sessions. Above 8250 target 8330/8370/8444. Below 8150 target 8100/8050/7972. High made today 8178 and close at 8139 so small range breakdown has happened , Monday we should see follow down move towards 8100/8050 till we are closing below 8150, Trading activity will reduce in next 2 weeks

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Bank Nifty continue to frustrate trend traders,EOD Analysis

As discussed in Last Analysis  Bank Nifty opened gap down bounced from 18200 again for a move towards 18500. So the range trade continues in bank nifty for 18 days in  a row, more its will trade in the range bigger will be the breakout above 187000 or breakdown below 18200. Weekly close tomorrow bulls will see a close above 18500 and bears below 18200 Bank Nifty made high made 18428,Low made was 18268 so both 18500 range on upside and 18200 range on downside was not breached suggesting the choppy move continues, as trading activity will also come down for next 2 weeks as most of FII's will be going for holiday. Bank Nifty is forming small range of 18250-18500 so break of any 2 levels will see move of 250 points.    Visualizing Failure to be Successful

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Psychological mistakes that Affect Trading

In all my years of trading and talking to fellow traders, I have noticed that retails  traders suffer from mostly 3 mental blind spot which affects there trading .Hopefully, after reading this, you will be able to see them coming and stop them before they destroy your account.

Being Undisciplined and Uneducated

A trader who lacks discipline can never make a successful trader. Most of retail traders are not having proper education and on the top of that not having discipline a sure shot recipe to blow.
The main culprits are what I like to call ‘System Jumpers’. These are traders that are constantly tweaking and changing their trading methods. These traders do not realize that learning

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Tata Power Tata Comm Rel Infra Cloud Analysis

Tata Power

 

Positional Traders can use the below mentioned levels

Close below 78 Target 76

Intraday Traders can use the below mentioned levels

Buy above 78.5 Tgt

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Nifty Analysis Before the Fed Policy Outcome

• FII's sold 1.5 K contract of Index Future worth 79 cores ,0.4 K Long contract were liquidated by FII's and 1.1 K short contracts were added by FII's. Net Open Interest increased  by 0.6 K contract, so fall in market was used by FII's to exit long and enter shorts  in  Index futures. How To get rid of  Bad Trading Habits

As discussed in last analysis  Low made today was 8154 near the horizontal line as seen in below gann chart as soon as 8185 crossed nifty bounced back and made high of 8226 and mostly 8250 will be done tomorrow. Now again closed above 8250 will be bullish and extended target comes at 8330/8370. Low made today was 8165 again bears were unable to break 8154 and bulls were unable

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Bank Nifty Looking ripe for range breakout ,EOD Analysis

• As discussed in Last Analysis  Break of 18500 will see another up move towards 18700. On Downside break of 18400 will see downmove towards 18280/18200. High made today was 18480 so bulls were not able to break 18500 and bears of 18400 bears attacked and pushed nifty towards 18322 near our target of 18280. Its been 18 days bank nifty has traded in this range of 500 points, as time cycle is changing tomorrow expect this range to break soon. Break of 18700 can see move towards 19000/19300 and break of 18200 move towards 18000/17700.  How To get rid of  Bad Trading Habits
  

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Bank Nifty EOD Analysis

As discussed in Last Analysis   still bank nifty is not able to break the range of 18200-18700 ,Bank nifty opened gap down again the range of 18700-18200 not broken, unable to close above 18700 again a move back towards 18200. Bank Nifty continue to trade in range from past 17 trading sessions, till we do not closed above 18700 or below 18200 see saw move will continue. Buy Support Sell Resistance is the best strategy during there sideways time.Break of 18500 will see another up move towards 18700. On Downside break of 18400

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Nifty bounced from gann support,EOD Analysis

• FII's bought 3.7 K contract of Index Future worth 235 cores ,4.4 K Long contract were added by FII's and 0.7 K short contracts were added by FII's. Net Open Interest increased  by 5.1 K contract, so rise in market was used by FII's to enter long and enter shorts  in  Index futures. How To get rid of  Bad Trading Habits

As discussed in last analysis  Low made was 8154. Now again we are near a crucial juncture as seen in below chart, Break of 8150 can see move towards 8097/8055 near the upper and lower boundary of green arc, closing above 8185 again a move towards 8250/8330. Low made today was

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TVS Motor Cadillac IGL Harmonic Analysis

TVS Motor

Positional Traders can use the below mentioned levels

Close above 383 Target 390/398

Intraday Traders can use the below mentioned levels

Buy above 385 Tgt

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Sinner Energy does 12% move, Momentum Analysis

Sinner Energy

We covered the Stock in October at 59 Stock did the target of 63 and currently trading at Rs 9 (Stock has a split of 1:10). Stock has been rallying in past few sessions volumes has been quiet good, suggesting we can see another 15-20% move.
We have Covered this stock 2 days before   Stock moved 12% from our trigger level of Rs 9, the move was quiet fast, Many traders asked for update on current technical structure.
As seen in below charts, stock is trading near the upper end of  channel and close above the higher end of channel  around 10.3-10.5 will see prices moving up further towards  range of 11.5-12. So another 16-20% move is on cards as soon as we see a close above 10.3

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How To get rid of Bad Trading Habits

All traders should have a good trading plan. One of the worst bad habits a trader can have is trading impulsively and without any guidelines. Traders who take the time to make a trading plan are much more likely to succeed, but even with a plan in place we can develop bad habits. A trader will make impulsive trades even with their plan taped to the wall next to them. They may exit winning trades too quickly or let losses go longer than their plan states they should. In this article we will go into how we can change our bad habits. The process involves how we personally view our successes and failures, as well as the rewards and punishment we give ourselves based on these views.

In order to break bad trading habits, traders need to base success or failure on each trade by how they stick to their trading plans and not simply on whether they make or lose money.

 

• If you make a bad trade (that is, an undisciplined trade, one not part of your trading plan), but make money on it, you still have to view that as a failure; you cannot congratulate yourself. By congratulating yourself, you are offering a small reward for something done incorrectly.

•  If you make a good trade (one that fits your trading plan perfectly), and you lose money on it, you have to view it as a success because you followed our plan. It's more likely we berate ourselves even though we followed the plan; in other words we punish ourselves for doing what we were supposed to do!

If you lose money,


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Weekly View: Bank Nifty forms Bullish Engulfing ahead of Fed Policy

Last Week we gave Chopad Level 18260 Bank Nifty gave Long entry on Monday and did 2 target on Upside by Wednesday before RBI policy and gave long entry on Wednesday and Shorts triggered on Wednesday after RBI Policy got stopped out on Thursday gap up  thus rewarding discipline chopad followers handsomely on long side. Lets analyze how to trade bank nifty in coming week as Fed policy will be held on 14 Dec

Bank Nifty Hourly

As discussed in last analysis  for coming week 500 points move coming on break of 18750 o upside and on downside break of 18146.

Bank Nifty broke 18146 after RBI Policy

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Weekly View: Nifty forms Bullish Engulfing ahead of Fed Policy

Last Week we gave Chopad Levels  of 8091, Nifty gave multiple Long entry on Monday and Wednesday  and did the 3 target on upside our 3 target was 8280, High made was 8275  so disciplined Chopad Followers were rewarded again by Market.  Lets analyze how to trade nifty in coming week as we have Fed policy  outcome  on 14 Dec.

Nifty Gann Angles

As discussed in last analysis    Now coming week 8091 is very crucial closing above it again move towards 8250/8350. Beraish below 8031 for move towards 7900.

Nifty bounced from gann angles support zone heading

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Sinner Energy ready for another 15-20% move

Sinner Energy

We covered the Stock in October at 59 Stock did the target of 63 and currently trading at Rs 9 (Stock has a split of 1:10). Stock has been rallying in past few sessions volumes has been quiet good, suggesting we can see another 15-20% move.
As seen in below 2 charts, stock is trading in a channel and close above the higher end of channel will see prices moving up suggesting price can move in range of 11.5-12. Also as per EW stock can see a rally till 12. So we can see a rally of almost 20-30% in next 1-2 months.


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Nifty Bulls does Weekly close above 8250,EOD Analysis

• FII's bought 3.3 K contract of Index Future worth 240 cores ,6.7 K Long contract were added by FII's and 3.4 K short contracts were added by FII's. Net Open Interest increased  by 10.2 K contract, so rise in market was used by FII's to enter long and enter  shorts  in  Index futures. The little woman who inspired the cable TV Moghul to give away fortune

As discussed in last analysis  Tomorrow will be very crucial as mostly we should see a trending move, Bulls above 8130 again will move towards 8200/8250, Bears below 8100 will see move towards 8056/8011. Nifty opened above 8130 made low of 8150 and did both target of 8200/8250 High made was 8256 :). Thats the beauty of gann price and time analysis it gives you an extra edge

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Bank Nifty continue to trade in 18200-18700 range,EOD Analysis

As discussed in Last Analysis  Bank Nifty again bounced from gann angles support zone as we have been discussing from past many sessions even after RBI policy Bank Nifty was unable to close below 18200, still we are in range of 18200-18700 till the range is not broken buy support around 18200 sell resistance  near 18680-18700 as and when it comes. High made today was 18739 and closed at 18695 so still bank nifty is not able to break the range of 18200-18700 , Break of the range will see a move 500 point move either. Gann angle support again gave 500 points move very easily. The little woman who inspired the cable TV Moghul to give away fortune

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Swing Trading Stocks Voltas Century KPIT

Voltas

 

Positional Traders can use the below mentioned levels

Close above 330 Target 343/356

Intraday Traders can use the below mentioned levels

Buy above 327 Tgt

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Will Nifty Bulls give Weekly close above 8250,EOD Analysis

• FII's bought 22.4 K contract of Index Future worth 1440 cores ,19.1 K Long contract were added by FII's and 3.3 K short contracts were liquidated by FII's. Net Open Interest increased  by 15.7 K contract, so rise in market was used by FII's to enter long and exit shorts  in  Index futures. Why Traders are unable to Follow Your Trading Plan

As discussed in last analysis  Tomorrow will be very crucial as mostly we should see a trending move, Bulls above 8130 again will move towards 8200/8250, Bears below 8100 will see move towards 8056/8011. Nifty opened above 8130 made low of 8150 and did both target of 8200/8250 High made was 8256 :). Thats the beauty of gann price and time analysis it gives you an extra edge

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Bank Nifty again Bounces from Gann Angle,EOD Analysis

As discussed in Last Analysis  Bank Nifty broke 18150 but quickly recovered and again closed above 18200 and gann angle suggesting still the range was not broken. Till we are trading in range of 18200-18700 Buy support and Sell resistance is the best strategy. Bank Nifty again bounced from gann angles support zone as we have been discussing from past many sessions even after RBI policy Bank Nifty was unable to close below 18200, still we are in range of 18200-18700 till the range is not broken buy support around 18200 sell resistance  near 18680-18700 as and when it comes. How Comfortable you are with your trading ?

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Havells Reliance Rel Cap Supply Demand Analysis

Havells

Positional Traders can use the below mentioned levels

Close above 333 Target 342/347

Intraday Traders can use the below mentioned levels

Buy above 331 Tgt

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Nifty ready for trending move, EOD Analysis

• FII's bought 3.3 K contract of Index Future worth 211 cores ,6.1 K Long contract were added by FII's and 2.8 K short contracts were added by FII's. Net Open Interest increased  by 9 K contract, so fall 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  Holding 8130 target is 8200/8250. Big Bullish move only on close above 8250 for a move towards 8330/8370/8444. Bearish only on close below 8100 for a move towards 8050/7972. High made was 8190 near our target of 8200, Nifty closed just above 8100

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Bank Nifty continue to close above 18200,EOD Analysis

As discussed in Last Analysis Bank Nifty continue to trade near the gann angle and in range of 18200-18700, this range should get broken once the RBI Credit Policy will be declared on 07 Dec. Traders should watch for break of 18700 on upside for a target of 19000/19300. Bears will get active below 18150 for a move towards 17800/17750. In Between choppy move will continue in range of 18200-18700.  Bank Nifty broke 18150 but quickly recovered and again closed above 18200 and gann angle suggesting still the range was not broken. Till we are trading in range of 18200-18700 Buy support and Sell resistance is the best strategy.   How Comfortable you are with your trading ?

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How Comfortable you are with your trading ?

People will go to great lengths attempting to avoid discomfort. And as traders, much of what we do is in response to being uncomfortable. This is an extremely critical concept to understand and explains many trading problems and mistakes.

The problem is not in being uncomfortable per se, the real problem is that our efforts to avoid discomfort can easily end up making us feel worse. If you can understand why you’re uncomfortable and what your typical default reaction is to being uncomfortable, you will be well on the road to trading success.
Here are a few sign posts along the road to get you started:
You avoid the discomfort of boredom by taking marginal trades.
You try to avoid the discomfort associated with the fear of missing out by chasing.

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India Cement Union Bank Godrej I ichimoku cloud analysis

India Cement

Positional Traders can use the below mentioned levels

Close above 116 Target 120/123

Intraday Traders can use the below mentioned levels

Buy above 115 Tgt

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Nifty EOD Analysis before Dec RBI Policy

• FII's bought 3.6 K contract of Index Future worth 215 cores ,2.2 K Long contract were added by FII's and 1.4 K short contracts were liquidated by FII's. Net Open Interest increased  by 0.07K contract, so rise in market was used by FII's to enter long and exit shorts  in  Index futures. Why Traders are unable to Follow Your Trading Plan

As discussed in last analysis  Now Holding above 8130 bulls will made a move towards 8200/8250. Big Bullish momentum will come above 8250 for a move towards 8370/8444. Bears will become active below 8031 for a move towards 7972/7916. Low made today was 8130

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Bank Nifty EOD Analysis before Dec RBI Policy

• Bank Nifty continue to trade near the gann angle and in range of 18200-18700, this range should get broken once the RBI Credit Policy will be declared on 07 Dec. Traders should watch for break of 18700 on upside for a target of 19000/19300. Bears will get active below 18150 for a move towards 17800/17750. In Between choppy move will continue in range of 19200-19700.  RBI Policy will be declared tomorrow at 2:30 PM  Why Traders are unable to Follow Your Trading Plan
  

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Nifty trade above 8100 heading towards 8250,EOD Analysis

• FII's sold 1.4 K contract of Index Future worth 178 cores ,0.9 K Long contract were liquidated by FII's and 0.05 K short contracts were liquidated by FII's. Net Open Interest increased  by 0.03 K contract, so rise in market was used by FII's to exit long and exit shorts  in  Index futures. Why Traders are unable to Follow Your Trading Plan

As discussed in last analysis Now Bulls need a close above 8250 for a move towards 8318/8444. Bears will get active below 8140 for a move towards 8080/8050. Low made today was 8056 so bears did the target on downside. Now Holding above 8130 bulls will made

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Bank Nifty continue to hold gann support zone,EOD Analysis

• Bank Nifty continue to trade near the gann angle and in range of 18200-18700, this range should get broken once the RBI Credit Policy will be declared on 07 Dec. Traders should watch for break of 18700 on upside for a target of 19000/19300. Bears will get active below 18150 for a move towards 17800/17750. In Between choppy move will continue in range of 19200-19700.   Why Traders are unable to Follow Your Trading Plan
  

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Weekly view: Nifty forms gravestone doji ahead of RBI Policy

Last Week we gave Chopad Levels  of 8071, Nifty gave Long entry on Monday  and did the 2 target on upside  so disciplined Chopad Followers were rewarded again by Market.  Lets analyze how to trade nifty in coming week as RBI policy will be held on 07 Dec

Nifty Hourly Chart

As discussed in last analysis    Coming week 8100 will play crucial role above which nifty can see bounce till 8175/8220.

8250 done, Now for coning

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Weekly view: Bank Nifty forms gravestone doji ahead of RBI Policy

Last Week we gave Chopad Level 18440 Bank Nifty gave Short entry on Monday and did 1 target on Downside by Monday and gave long entry on Wednesday  thus rewarding discipline chopad followers handsomely on both long and short side. Lets analyze how to trade bank nifty in coming week as RBI policy will be held on 07 Dec

Bank Nifty Hourly

As discussed in last analysis for coming week Bulls need a close above 18550 for next move towards 18750/19000. Bears will be active below 18200 only for a move towards 18000/17800.

High made 18713 now for coming week 500

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