Nifty Technical Analysis before Budget 2017

• FII's sold 4.3 K contract of Index Future worth 320 cores ,6.6 K Long contract were liquidated by FII's and 492 short contracts were added by FII's. Net Open Interest decreased  by 8.9 K contract, so fall in market was used by FII's to exit long and enter  long in  Index futures. Common Excuses Made By Losing Traders

As discussed in last analysis  Bearish below 8600 for a move till 8550/8500 and bullish above 8700 for move towards 8775/8820. As soon as 8600 was broken Nifty made low of 8552 near our target of 8550 as its was support zone as shown in below.

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Bank Nifty Technical Analysis before Budget 2017

• As discussed in Last Analysis Bulls need close above 19800 for move towards 20200/20500. Bears below 19360 for move towards 19140/18920. High made was 19624 and low was 19435 so bank nifty continued to trade in range also made low near the green arc as shown in below chart. As we have budget today expect range of least 600-900 points, On downside 19000 strong support below that 18622 can see quickly on Upside we can move towards 20300/20500 on move above 19800.  Do's and Don't For Trading on a Budget Day
  

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Do's and Don't For Trading on a Budget Day

Most of the Professional traders do not choose to trade on the budget day as it involved wild swings and one bad trade can give you a big hit on your trading account  but there are many traders who wait for this day to take a plunge.

Most of the traders end up losing a lot of money when trading on the budget day. Most of traders will make money in first few trades and than will lose out all profits in subsequent trade and to cover that loss will take more trades losing emotional control and end up losing big amount.

 

Below links will help you in planning traders for Budget day
Historical Nifty Movement on Budget Day

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Nifty Forms Inside day,EOD Analysis

• FII's sold 4.9 K contract of Index Future worth 368 cores ,2.3 K Long contract were added by FII's and 7.2 K short contracts were added by FII's. Net Open Interest increased  by 9.6 K contract, so rise in market was used by FII's to enter long and enter  shorts  in  Index futures. Common Excuses Made By Losing Traders

As discussed in last analysis  8675-8700 is crucial resistance band as per gann angles as shown in below chart, further rally towards 8752/8806 as budget is coming on 01 feb so once 8700 crossed we can see fast move towards 8806/8840 range. Bearish only below 8432. Nifty held on

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Bank Nifty consolidate in range before Budget,EOD Analysis

As discussed in Last Analysis   Bank Nifty continued its rally and closed above 19700, Holding 19700 bank nifty can bounce till 20000/20400. Bearish only on closed below 19360 for a move till 19140/18920. Bank Nifty gave whipsaw as it closed above 19700 but failed to give the follow upmove. Downside made low of 19561 and did not break 19360 so bulls are still safe. After a rally of 1000 points there will be some consolidation and as budget is also coming so range expansion will be seen in next 2 days. Bulls need close above 19800 for move towards 20200/20500. Bears below 19360 for move towards 19140/18920.  Common Excuses Made By Losing Traders

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Common Excuses Made By Losing Traders

For many people, the road less traveled is less traveled for a reason.  The road is long and often lonely.  The stretches can seem to last forever, with no end in sight.  It is a road to accountability, a road lined with mirrors all around, forcing us to look at ourselves in the eyes.  Let’s face it.  It’s much easier to find someone else to be the reason for our problems than it is for us carry around the burden of our decisions.  Its a Human Nature to gives excuses and Trading is an Apt example of the same where traders will look for an excuse for loss and never become accountable themselves and as a result their trading carrer gets over pretty soon as they keep busting their trading account.
Today lets discuss the major excuse Loss making traders make and see any of them sound familiar to you! If Yes Get your act together and make sure that you becomes more accountable in your trades.

Market always move opposite to my Position

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CESC IDEA Tata E Swing Trading Levels

CESC

Positional Traders can use the below mentioned levels

Close below 732 Target 699

Intraday Traders can use the below mentioned levels

Buy above 740 Tgt

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Bank Nifty Weekly Forecast for Budget 2017

Last Week we gave Chopad Level 18740 Bank Nifty gave Long Entry on Monday as low made was 18722  and did all target by Wednesday thus rewarding disciplined Chopad followers.  Lets Analyze How to trade Nifty in coming week as we have Union Budget on 01 Feb.

Below links will help you in planning traders for Budget day
Historical Nifty Movement on Budget Day
Historical Bank Nifty Movement on Budget Day
Option Trading Strategy for Union Budget 2017

Bank Nifty Hourly

Bank Nifty hourly need a close above 19800 for move towards 20000/20500/21000. Support at 190000.

Bank Nifty Harmonic Pattern

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Nifty Weekly Forecast for Budget 2017

Last Week we gave Chopad Levels  of 8335, Nifty gave Long Entry on Monday as low made was 8327 and did all target by Wednesday thus rewarding disciplined Chopad followers. Nifty Time cycle which started on 10 Jan till 25 Jan gave 351 points move. Now we have new time cycle which started from 27 Jan and will end till 10 Feb. Traders should watch for break of 8490 for bearish move and till 8612 is held Bullish move will continue. Lets Analyze How to trade Nifty in coming week as we have Union Budget on 01 Feb.

Below links will help you in planning traders for Budget day
Historical Nifty Movement on Budget Day
Historical Bank Nifty Movement on Budget Day
Option Trading Strategy for Union Budget 2017

Nifty Hourly Chart

Hourly chart bounced from 8328

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Option Trading Strategy for Union Budget 2017

Indian Union Budget will be presented on 01 Feb 2017 , and as discussed in previous post  Nifty remains in a wide range so there is  an opportunity to trade in Nifty Options  And the opportunity could turn out to be quite promising.
Which will be market direction post budget we do not know so its  best we take a position that is completely independent of the direction of the market and possibly make money out of it.
Though we dont have an idea of the direction, historically, the maximum change in Nifty from the budget date to the next expiry date is quite decent in either direction. So, we can fairly assume that the move post budget is going to be big as it always is. So lets discuss the  Option Strategy

Long

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Historical Nifty Movement on Budget Day

Union Budget 2017 will be presented on 01 Feb by Honorable Finance Minister Shri Arun Jatielyji. 2 Budget in the Leadership of our Beloved PM Shri Narendra Modiji. This Budget will have loads of Expectation after the Major Reform of Demonetization.
Will it be one of Dream Budget ?
Last Budget we made a Bottom at 6825 and rallied till 8969, rally of 2144 points in 5 months. What will happen after this Budget traders should watch 8100 on Downside and 8969 on Upside for Breakdown/Breakout move
Union Budget is just 3 days away, Below are the Nifty range from 1999-2016. Maximum Range on Budget day is 346 so big volatile move on cards, so trade cautiously.

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Nifty near gann resistance zone,EOD Analysis

• FII's bought 8.8 K contract of Index Future worth 586 cores ,17.7 K Long contract were added by FII's and 8.8 K short contracts were added by FII's. Net Open Interest increased  by 26.5 K contract, so rise in market was used by FII's to enter long and enter  shorts  in  Index futures. King Raghu's story

As discussed in last analysis  Gann Price and time Analysis helped traders to capture the move above 8432 till 8600 now bulls will head towards 8710 levles where there is resistance as shown in below chart, Bearish only on close below 8432 till 8432 is held we can move all the way towards 8969 over next 2 months. 8675-8700 is crucial resistance band as per gann angles

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Bank Nifty Continue to Rally,EOD Analysis

• As discussed in Last Analysis  Bank Nifty closed above 19067 suggesting bulls are in control and opened above 19100 suggesting bulls are gaining momentum and fired all guns doing target of 19500. Now bulls need close above 19700 for a move towards 20400. Bearish only on close below 19100. As i always say Gann Analysis keeps you ahead of curve and if coupled with time analysis it becomes a lethal combo. Bank Nifty continued its rally and closed above 19700, Holding 19700 bank nifty can bounce till 20000/20400. Bearish only on closed below 19360 for a move till 19140/18920. King Raghu's story
  

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King Raghu's story

Long time ago there was a great king in the Raghukul dynasty (Lord Rama also belonged to the same dynasty). He was suffering from leprosy. He fell on the feet of his master, Guru Vashishtha and said: "Oh Master! So much of suffering... ?"
The master kept his hand on his eyes and asked him: "Look far. What do you see?"
"A huge sparkling golden mountain. And another black coal like mountain."
"One is the mountain of your good karma which gave you your kingdom, richness, power & fame. Another is the mountain of your sins because of which you have the painful disease, worries & troubles."
"Master! Is there a way to get relieved of these?"

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LIC Housing BHEL India Cement Price Time Analysis

LIC Housing

Positional Traders can use the below mentioned levels

Close above 550  Target 564/576

Intraday Traders can use the below mentioned levels

Buy above 550 Tgt

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Nifty does 8600 above 8432,EOD Analysis

As discussed in last analysis   Bulls are back with a bang with a close above 8432/8460 both and now holding 8432 heading towards 8555/8600. Bearish only on close below 8328. Gann Price and time Analysis helped traders to capture the move above 8432 till 8600 now bulls will head towards 8710 levles where there is resistance as shown in below chart, Bearish only on close below 8432 till 8432 is held we can move all the way towards 8969 over next 2 months.  Bank Nifty bounces 778 points above gann support,EOD Analysis

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Bank Nifty bounces 778 points above gann support,EOD Analysis

As discussed in Last Analysis   Few readers were asking importance of 18740 below is the gann angle chart with support at 18740 which worked perfectly as bank nifty now has bounced 300 points in 2 days from that support levels, We moved above 18967 today and mostly we will do 19100 tommrow high made today was 19054, Now bulls need close above 19100 for a move towards 19250/19500. Bearish only on close below 19740. Bank Nifty closed above 19067 suggesting bulls are in control and opened above 19100 suggesting bulls are gaining momentum and fired all guns doing target of 19500. Now bulls need close above 19700 for a move towards 20400. Bearish only on close below 19100. As i always say Gann Analysis keeps you ahead of curve and if coupled with time analysis it becomes a lethal combo.    Holy Grail for Successful trading

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Holy Grail for Successful trading

Whenever I saw a Cricketer  playing in the field  or Tennis player playing, the temptation to play like them was tremendous.
If you see any Great Sportsman playing and compare yourself to them you will  observe You are lacking in co-ordination, stamina, technique, strategies and above all few tricks of the game that only comes from being exposed to the game regularly, sincerely and with full dedication.
When you come into trading arena, it is mesmerizing to watch the professionals execute trades effortlessly and seem to understand the market turns fairly well and getting a lot of admiration, adulation along the way.
You, in your enthusiasm and in earnest desire to duplicate their success, jump in to the world of "trading" just as you get tempted to play like Sachin Tendulkar and end result just

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Arvind Cadilla Ab Nuvo Price Time Analysis

Arvind

Intraday Traders can use the below mentioned levels

Buy above 369 Tgt

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Nifty does breakout heading towards 8600,EOD Analysis

• As discussed in last analysis   Nifty did low of 8327 doing the target of cypher pattern  and bounced back and closed above breakdown level of 8370 but failed to closed above 8410 and also 8432 suggesting bulls are still under pressure, Fresh shorts below 8328 only,for a move till 8290/8250. Bullish only above 8432. Bulls are back with a bang with a close above 8432/8460 both and now holding 8432 heading towards 8555/8600. Bearish only on close below 8328 Bank Nifty bounces 300 points from gann support,EOD Analysis

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Bank Nifty bounces 300 points from gann support,EOD Analysis

As discussed in Last Analysis  Bank Nifty did 18740 today but sill did not closed above 18967, bulls need close above 18967 for a move towards 19100/19500. Bears below 18740 for a move towards 18500. Few readers were asking importance of 18740 below is the gann angle chart with support at 18740 which worked perfectly as bank nifty now has bounced 300 points in 2 days from that support levels, We moved above 18967 today and mostly we will do 19100 tommrow high made today was 19054, Now bulls need close above 19100 for a move towards 19250/19500. Bearish only on close below 19740.   A Person who won’t stand for something will fall for anything..

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Adani ZEE Biocon Intraday Trading Levels

Adani E

Intraday Traders can use the below mentioned levels

Buy above 78.4 Tgt

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Nifty does Cypher Pattern Target bounces back,EOD Analysis

• FII's bought 4.1 K contract of Index Future worth 352 cores ,6.4 K Long contract were added by FII's and 2.2 K short contracts were added by FII's. Net Open Interest increased  by 8.6 K contract, so rise in market was used by FII's to enter long and enter  shorts  in  Index futures. A Person who won’t stand for something will fall for anything..

As discussed in last analysis   Nifty did a range breakdown as discussed in last analysis, and closed below 8370 opening the gates towards 8300/8250 range. Bullish only on close above 8460 only. Nifty did low of 8327 doing the target of cypher pattern  and bounced back

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Bank Nifty does 18740 and bounces 150 points,EOD Analysis

As discussed in Last Analysis  Bulls are protecting 18967 and also for 2 day closing above 19100 suggesting they are having upper hand but need to move fast from this zone  towards 19400/19600 else as soon as prices starts trading below 18967 bears will show an impulsive decline towards 18740/18500. High made today was 19072 so bank nifty traded below 19100 and as soon as 18967 bank nifty corrected till 18793 almost near our target of 18740. Now bears need a close below 18740 for a move towards 18500 where there is good support. Bullish only on close above 18966. Bank Nifty did 18740 today but sill did not closed above 18967, bulls need close above 18967 for a move towards 19100/19500. Bears below 18740 for a move towards 18500.  A Person who won’t stand for something will fall for anything..

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Bank Nifty Weekly Forecast for Jan Expiry

Last Week we gave Chopad Level 18970 Bank Nifty gave Long Entry on Monday did 1 target and missed the 2 target by 24 points as high made was 19276, shorts got initiated on Friday which almost did the 1 target. Lets Analyze how to trade bank nifty in coming week as we approach Jan Expiry.

Bank Nifty Hourly

As discussed in last analysis Now Bulls need a close above 19000 for a move towards 19500/19700. Unable to close above 19000 correction till 18500.
Unable to close above 18966 can see move

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Nifty Weekly Forecast for Jan Expiry

Last Week we gave Chopad Levels  of 8416, Nifty gave Short Entry on Monday but got stopped on Tuesday. Long Entered on Wedneday got Stopped out on Friday and Shorts taken on Friday rewarded Chopad followers making the coming week netural one. Risk and Money Management plays an important role during such sideways market conditions.  Lets Analyze How to trade Nifty in coming week.

Nifty Hourly Chart

As discussed in last analysis Coming Week 8432

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Trading Stocks with Camarilla Pivot Points

In Continuation with previous Article Introduction to Camarilla Pivot Points
How to trade using Camarilla Pivot Points
As we have discussed How to generate Camarilla Pivot points now let’s discuss how can we trade using them.

1. Price Opens at/Between Support 3 and Resitance3: When the Price Opens between S3(Support 3) and R3 (Resistance 3)we will use the following Rule to take trades

• For Long/Buy Trades: Let the price move till S3,once it reaches S3 take long trade with Stop loss placed below S4 Target for trades are R1,R2 and R3.

• For Short/Sell Trades: Let the price move till R3,Once it reaches R3 take short trade with Stop Loss placed above R4 Target for Trades are S1,S2 and S3.

Lets take one for Example of S&P 500

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Bank Nifty break 18967,EOD Analysis

 As discussed in Last Analysis  Bulls are protecting 18967 and also for 2 day closing above 19100 suggesting they are having upper hand but need to move fast from this zone  towards 19400/19600 else as soon as prices starts trading below 18967 bears will show an impulsive decline towards 18740/18500. High made today was 19072 so bank nifty traded below 19100 and as soon as 18967 bank nifty corrected till 18793 almost near our target of 18740. Now bears need a close below 18740 for a move towards 18500 where there is good support. Bullish only on close above 18966.  A Person who won’t stand for something will fall for anything..

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Nifty does range breakdown,EOD Analysis

• FII's bought 6 K contract of Index Future worth 436 cores ,2 K Long contract were liquidated by FII's and 8.1 K Short contracts were liquidated by FII's. Net Open Interest decreased  by 10.1 K contract, so fall in market was used by FII's to exit long and exit shorts  in  Index futures. A Person who won’t stand for something will fall for anything..

As discussed in last analysis   High made today was 8445 so gann resistance zone continue to play its pivotal role as shown in below chart, low was 8404 so still the range trade continues buy low sell higher till the range does a breakout or breakdown. Bulls need close above 8460 for move towards 8500/8555. Bear below 8370 for move towards 8328/8280. Expect Impulsive move in next 1-2 trading days.

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A Person who won’t stand for something will fall for anything..

In Zig Ziglar’s world, the morning alarm rang on the “opportunity clock.”
And “if you aren’t on fire” when you get to work, “then your wood is wet.”
And you have to remember that “money’s not the most important thing in life, but it’s reasonably close to oxygen.”

And there will be setbacks, but “failure is an event, not a person.”
Few messengers of prosperity have been able to sustain a relentlessly upbeat and lucrative career for as long as Mr. Ziglar. Zig Ziglar! A human exclamation point! The world’s most popular motivational speaker, as he was often described, was always excited because “you never judge a day by the weather!”
He was a presence at corporate retreats and conferences for firms such as IBM and J.C. Penney. For the general public, some people paid $49 to hear him live or $1,595 to

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Titan Ib Housing Canara Bank Gann Analysis

TITAN

 

Positional Traders can use the below mentioned levels

Close above 373 Target 380/385

Intraday Traders can use the below mentioned levels

Buy above 373 Tgt

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Nifty getting ready for range breakout,EOD Analysis

• FII's sold 3.6 K contract of Index Future worth 209 cores ,63 Long contract were added by FII's and 3.6 K Short contracts were added by FII's. Net Open Interest increased  by 3.7 K contract, so rise in market was used by FII's to enter long and enter shorts  in  Index futures. Making Overnight Money via Trading

As discussed in last analysis   Bulls unable to break 8460 and bear 8370 and yo-yo move continue within the small range of 90 points, Bulls need close above 8460 for move towards 8500/8555. Bear below 8370 for move towards 8328/8280. High made today was 8445 so gann resistance zone continue to play its pivotal role as shown in below chart, low was 8404 so

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Bank Nifty holds on to 19100,EOD Analysis

As discussed in Last Analysis   Bank Nifty finally closed above 19100 suggesting bulls are in control and we can see move till 19420/19600. Bearish only on close below 18967. Low made today was 19046 so bulls are protecting 18967 and also for 2 day closing above 19100 suggesting they are having upper hand but need to move fast from this zone  towards 19400/19600 else as soon as prices starts trading below 18967 bears will show an impulsive decline towards 18740/18500.  How to Become a Successful Trader in Stock Market

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How to Become a Successful Trader in Stock Market

 If you want to be a consistent profitable trader  in the long run there are THREE elements of trading that you must have in place.These THREE elements which we will discuss are like 3 chairs of stool if you do not follow anyone of them you are bound to fail.

 

• A Robust Backtestested and Trusted trading System

You must trade a WINNING trading method: Your trading system must be valid and profitable through past markets. The best way to win in the markets is to have a method that identifies potential trends and gives you entries and

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Nifty continues to trade in range of 8460-8370,EOD Analysis

• FII's sold 13.4 K contract of Index Future worth 895 cores ,5.8 K Long contract were added by FII's and 19.3 K Short contracts were added by FII's. Net Open Interest increased  by 25.2 K contract, so rise in market was used by FII's to enter long and enter shorts  in  Index futures. Making Overnight Money via Trading

As discussed in last analysis   Bulls unable to break 8460 and bear 8370 and yo-yo move continue within the small range of 90 points, Bulls need close above 8460 for move towards 8500/8555. Bear below 8370 for move towards 8328/8280. High made today was 8460 so gann resistance zone continue to play its pivotal role as shown in below chart, low was 8397 so still the range trade continues

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Bank Nifty close above 19100,EOD Analysis

• As discussed in Last Analysis   Bulls need a close 19100 for a move towards 19400 and Bears below 18950 can see move towards 18800/18750 Bank Nifty finally closed above 19100 suggesting bulls are in control and we can see move till 19420/19600. Bearish only on close below 18967.  Making Overnight Money via Trading
  

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Making Overnight Money via Trading

Many novice market trader take Stock Markets for granted and a money spinning machine. They have difficulty facing a cold, hard fact about the stock market: You can't get rich over a small period of time.When a new traders sees options doing 50-100% in matter of couple of days they get allured towards trading and Hope of making big.
Professional trader know this fast as they has learned the same by receiving the hard knocks of the market. They expect to make big profits in the long run, but they focus on making as many reasonable profitable trades as possible. They do not focus on a single, life-changing trade.
As we are starting a new year this post is basically to tell you the real facts of trading and get out of your worlds of fantasies.

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Sinner Energy ready for another 6-8% move

Sinner Energy

We have Covered this stock 1 Month Before Stock did target of Rs 12 and is now trading around Rs 13.
As seen in below charts, stock is trading near the Lower end of  channel,holding the same can move near  the higher end of channel  around 13.8-14 in next 10 days. So another 5-8% move is on cards in 10 days.


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IRB Havells TVS Motor Supply Demand Analysis

IRB

Positional Traders can use the below mentioned levels

Close above 222  Target 230/236

Intraday Traders can use the below mentioned levels

Buy above 221 Tgt

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Nifty Bulls Hold 8370 but fail to close above 8460,EOD Analysis

• FII's sold 2.1 K contract of Index Future worth 169 cores ,1.3 K Long contract were liquidated by FII's and 741 short contracts were added by FII's. Net Open Interest decreased  by 631 contract, so fall in market was used by FII's to exit long and enter shorts  in  Index futures. Do not Strike when Angry

As discussed in last analysis    Nifty  made high of 8426 and low of 8374 so bulls unable to close above 8460 and bears below 8370. As 8370 was previous resistance now it has become a solid support as from past 2 days low on Nifty was 8373/8374. Bearish below 8370 for a move towards 8330/8250. Bullish above 8460 zone in between see saw move. High made today was 8440 and low 8378 so

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Bank Nifty continue to trade near breakout zone,EOD Analysis

As discussed in Last Analysis   Any close above 19100 can see fast move towards 19400. Strong support in range of 18700-18740. Short term correction till 18800-18700 can be seen once we start trading below 18966. Gann Positive cycle continue to show its positive effect as we are now up almost 859 points from the low of 10 Jan  Bank Nifty opened at 19128 did 19200 but faced resistance at gann resistance zone, as seen in below chart and saw correction till 18981 unable to go below 18966 closed again at 19067 our gann number but  below 19100.  Bulls need a close 19100 for a move towards 19400 and Bears below 18950 can see move towards 18800/18750 Do not Strike when Angry

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SBI Rel Cap LIC Technical Analysis for Short term

SBIN

Positional Traders can use the below mentioned levels

Close above 257 Target 266

Intraday Traders can use the below mentioned levels

Buy above 256 Tgt

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Nifty Bulls continue to protect 8370,EOD Analysis

• FII's sold 341 contract of Index Future worth 118 cores ,9.6 K Long contract were added by FII's and 9.9 K short contracts were added by FII's. Net Open Interest increased  by 19.5 K contract, so rise in market was used by FII's to enter long and enter shorts  in  Index futures. Do not Strike when Angry

As discussed in last analysis   Now going forward fresh long should be taken above 8460 only. Nifty has rallied 567 points so small consolidation in a range should be done before the next leg of rally. Trading below 8410 nifty can see correction towards 8338/8250, Bullish above 8460 for a next move towards 8555/8598/8680.  Nifty  made high of 8426 and low of 8374 so bulls unable to close above 8460 and bears below 8370. As 8370 was previous resistance now it has become

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Bank Nifty breaks gann resistance zone,EOD Analysis

As discussed in Last Analysis  Range was 18966-19067 is very important zone of resistance. Unable to cross the same correction can be seen till 18500. Fresh longs should be taken only on close above 19100 only. In between the trade of 19067-18500 Buy Low Sell higher with strict SL  Close today was just below 19100 but above 19067 which is a very good sign for bulls. Any close above 19100 can see fast move towards 19400. Strong support in range of 19700-19740. Short term correction till 18800-18700 can be seen once we start trading below 18966. Gann Positive cycle continue to show its positive effect as we are now up almost 859 points from the low of 10 Jan   Do not Strike when Angry

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Welplace Portfolio Ready for another Upmove

Welplace Portfolio Update on Channel Chart. We covered this stock on Monday and Thursday
We were expecting to cool down from the up move after the move till 97 and Weekly Profit Booking came pushing the price of stock near the channel bottom.

Welplace Daily Chart with Channel

As seen in daily chart stock corrected from

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Bharat F Century Axis Bank Swing Trade

Bharat Forge

Positional Traders can use the below mentioned levels

Close above 946 Target 966/987

Intraday Traders can use the below mentioned levels

Buy above 946 Tgt

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Bank Nifty Weekly Forecast for 16-20 Jan

Last Week we gave Chopad Level 18300 Bank Nifty gave Short Entry on Monday but got stopped on Tuesday as Nifty opened gap up and low made was 18275 suggesting short need to cut  and Longs were triggered which were rewarded as Bank Nifty did the 3  target of 18740 thus rewarding Chopad Followers. New Time Cycle rewarded Bank Nifty Bulls as Bottom of this upmove was made on 09 Jan and from 10 Jan Nifty rallied 710 points in 4 days.

Bank Nifty Hourly

As discussed in last analysis Bulls need follow upmove above 18250 for a move till 18700, Unable to do so fall again till 17800/17400.
Now Bulls need a close above 19000 for a move towards

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Nifty Weekly Forecast for 16-20 Jan

Last Week we gave Chopad Levels  of 8256, Nifty gave Short Entry on Monday but got stopped on Tuesday as Nifty opened gap up and low made was 8261 suggesting short need to cut  and Longs were triggered which were rewarded as Nifty did the 3  target of 8432 High made was 8460 thus rewarding Chopad Followers. New Time Cycle rewarded Nifty Bulls as Bottom of this upmove was made on 09 Jan and from 10 Jan Nifty rallied 199 points in 4 days. Lets Analyze How to trade Nifty in coming week.

Nifty Hourly Chart

As discussed in last analysis   Coming week

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Nifty corrects from gann resistance zone,EOD Analysis

• FII's bought 1.7 K contract of Index Future worth 90 cores ,2.9 K Long contract were added by FII's and 1.2 K short contracts were added by FII's. Net Open Interest increased  by 4.2 K contract, so fall in market was used by FII's to enter long and enter shorts  in  Index futures. Do not Strike when Angry

As discussed in last analysis    As we have weekly closing tomorrow so bulls will be happy to close above the gann resistance zone as shown in below chart,bears will be happy to close below 8380. Close above 8440 can see next round of upmove towards 8555/8598. Bears below 8370 can move back towards 8270-8250 range. Nifty opened gap up made high of 8460 ,Low of 8370 and closed at 8400 so unable to close above 8435 levels and below 8370 levels. As seen in below chart took exact

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Bank Nifty Unable to breach the resistance zone of 18966-19067,EOD Analysis

As discussed in Last Analysis  Bulls should now protect 18700-18739 range for further up move towards 19100. Bearish only on close below 18500. Low made today 18781  and high made was 18952. Range was 18966-19067 is very important zone of resistance. Unable to cross the same correction can be seen till 18500. Fresh longs should be taken only on close above 19100 only. In between the trade of 19067-18500 Buy Low Sell higher with strict SL  Do not Strike when Angry

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Do not Strike when Angry

Source Yashiko was a wealthy samurai warrior in ancient Japan. He cut a fine figure; his armour and sword were of the finest workmanship. His ornaments were of the finest variety: silver, copper, gold and bronze. Even the toggles on his tunic were priceless netsuke: masterfully carved figures of animals, insects, dragons and fishes, made…


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Will Nifty Bulls be able to close above 8432,EOD Analysis

• FII's bought 16.8 K contract of Index Future worth 1051 cores ,18.9 K Long contract were added by FII's and 2 K short contracts were added by FII's. Net Open Interest increased  by 20.9 K contract, so rise in market was used by FII's to enter long and enter shorts  in  Index futures. Psychological Pitfalls in Trading

As discussed in last analysis   Nifty continue its uptrend now range of 8430-8435 is very important zone of resistance,crossing the same rally can extend towards 8600. Taking resistance in zone we can see downmove towards 8250. High made today was 8417 and low 8382 and close at 8407. As we have weekly closing tomorrow

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Bank Nifty consolidate gains,EOD Analysis

• As discussed in Last Analysis The current rally can continue till 19101 holding 18500. Now bearish only on close below 18500. High made 18966 and low made 18800, so bank nifty traded in small range after big rally yesterday, formed a DOJI candlestick, Bulls should now protect 18700-18739 range for further up move towards 19100. Bearish only on close below 19500.    Psychological Pitfalls in Trading
  

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Nifty rallies 150 points after start of new time cycle, EOD Analysis

• FII's bought 12 K contract of Index Future worth 743 cores ,12.2 K Long contract were added by FII's and 140 short contracts were added by FII's. Net Open Interest increased  by 12.3 K contract, so rise in market was used by FII's to enter long and enter shorts  in  Index futures. Psychological Pitfalls in Trading

As discussed in last analysis   As we have new time cycle starting tommrow so expect 200-300 points move in nifty till 25 Jan. Bulls need close above 8270 and bear need close below 8200  and in between the range become no trade zone. Nifty finally closed above 8270 when the new time cycle is starting suggesting bulls are can continue upmove towards 8370/8430. Bearish only on close below 8200.

Psychological Pitfalls in Trading

In all my years of trading and talking to fellow traders, I have noticed that newbie traders are susceptible to four main psychological pitfalls. Let’s take a look at each one and examine them carefully. Hopefully, after reading this, you will be able to see them coming and stop them before they destroy your account.

1. The Desire to be Rich

The desire to be rich manifests itself in many ways. If you think about it, the majority of the issues that newbies have, such as over trading or poor money management, stem from the desire to be rich.
Trading will not make you rich in the short term. It will likely take years before you’re trading well enough to leave your day job. If you started trading last week and you plan to quit your job in six months, because you anticipate being rich enough to buy a Ferrari, you are delusional.
Trading is a career, not a

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Bank Nifty continue to rally holding 18250,EOD Analysis

As discussed in Last Analysis   Holding the same bank nifty can move towards 18500/18700. Bearish below 18250 for a move towards 18000. Expect a Big move in bank nifty as per time cycle in next 2 trading sessions. Bank Nifty made low of 18275 again protecting 18250 and made high of 18441 and mostly target of  18500 should be done tomorrow. Bank Nifty close above 18500 can move to next resistance zone of 18739. Bearish only below 18250. Paul Tudor Jones explaining Why FAILURE is important

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Nifty start new time cycle with close above 8270,EOD Analysis

• FII's sold 3.1 K contract of Index Future worth 203 cores ,2 K Long contract were liquidated by FII's and 1 K short contracts were added by FII's. Net Open Interest increased  by 920 contract, so rise in market was used by FII's to exit long and enter shorts  in  Index futures. Paul Tudor Jones explaining Why FAILURE is important

As discussed in last analysis   As we have new time cycle starting tommrow so expect 200-300 points move in nifty till 25 Jan. Bulls need close above 8270 and bear need close below 8200  and in between the range become no trade zone. Nifty finally closed above 8270

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Divis Lab Tata Chemicals India Cement Price Time Analysis

Divis Lab

Positional Traders can use the below mentioned levels

Close above 754  Target 790

Intraday Traders can use the below mentioned levels

Buy above 745 Tgt

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Nifty ready for trending move, EOD Analysis

• FII's sold 2.6 K contract of Index Future worth 173 cores ,2.5 K Long contract were liquidated by FII's and 131 short contracts were added by FII's. Net Open Interest increased  by 2.4 K contract, so fall in market was used by FII's to exit long and enter shorts  in  Index futures. Paul Tudor Jones explaining Why FAILURE is important

As discussed in last analysis   Nifty closed above 8270 on 05 Jan but failed to give follow up move on 06 Jan  as closed just below 8250. Bulls need a close above 8270 for a move above towards 8370/8450. Bears will be happy to see another close below 8200 for a move towards 8133. High made today was 8263 so another failed attempt by bulls to close above 8270 and bears failed

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Bank Nifty ready for trending move, EOD Analysis

As discussed in Last Analysis  Now as we closed above 18250 as seen in below gunner chart bank nifty can see move towards 18520. Any close below 18250 will see another fall towards 18000. Low made today was 18256 so bank nifty continue to hold 18250 and closed at 18286, suggesting bulls are in control till 18250 is held. Holding the same bank nifty can move towards 18500/18700. Bearish below 18250 for a move towards 18000. Expect a Big move in bank nifty as per time cycle in next 2 trading sessions.  Paul Tudor Jones explaining Why FAILURE is important

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Tata Elxsi Tata Motors Adani Ports Trendline Analysis

Tata Elxsi

Positional Traders can use the below mentioned levels

Close above 1395 Target 1427/1450

Intraday Traders can use the below mentioned levels

Buy above 1395

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Small Cap Pick for 2017: Welplace Portfolio

Stock has almost doubled from that level in less than 5 months.  As per classical technical analysis, What goes Higher will keep going higher till the trend reversal. Stock has been doing the same, Goes up --- Consolidates -- Goes Up

Welplace Daily Channel

Stock has been trading in a daily channel, which

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Bank Nifty Weekly Forecast as we Enter New Time Cycle

Last Week we gave Chopad Level 18170 Bank Nifty gave short opportunity on Monday which did the first target of 18000 and missed the second target by 30 points as low made was 17830 on Tuesday, Long Entry was Friday as Low made was 18157  which did 1 target on Upside at 18300  thus rewarding Chopad Followers on both long and short side.

Bank Nifty Hourly

Bulls need follow upmove above 18250 for a move

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Nifty Bulls fails to hold above 8270,EOD Analysis

• FII's bought 8.1 K contract of Index Future worth 510 cores ,9.2 K Long contract were added by FII's and 1.1 K short contracts were added by FII's. Net Open Interest increased  by 8.1 K contract, so fall in market was used by FII's to enter long and enter shorts  in  Index futures. Paul Tudor Jones explaining Why FAILURE is important

As discussed in last analysis   Real test of bulls will come in range of 8250-8270,  decisive move can be seen during 04-05 Jan period. Bullish above 8270 for a move towards 8370/8450.Bearish below 8100 for a move till 7997/7900. High made today was 8218 and low 8180 so still the range trade between 8250-8100 continues.  decisive move will be seen outside this range only.

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Bank Nifty close above 18250, EOD Analysis

As discussed in Last Analysis   Now for tomorrow close above 18165 next move will be above 18275/18400, Bearish below 18000 for a move towards 17830/17600. Bank Nifty continue its rally above 18165 as low made was 18157 and did the target of 18275. Now as we closed above 18250 as seen in below gunner chart bank nifty can see move towards 18520. Any close below 18250 will see another fall towards 18000.  Paul Tudor Jones explaining Why FAILURE is important

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Paul Tudor Jones explaining Why FAILURE is important

Paul Tudor Jones II (born September 28, 1954) is an American businessman who founded Tudor Investment Corporation, a private asset management company and hedge fund. As of March 2014, he was estimated to have a net worth of US$4.3 billion by Forbes Magazine and ranked as the 108th richest American^[3] and 345th richest in the world.^[2]
He founded the Robin Hood Foundation in 1988, which focuses on poverty reduction.
One of the Motivating speech, Read it again and again
Today, I want to talk to you about the dirtiest word that any of you 9th graders know. It’s a word that is so terrible that your parents won’t talk about it; your teachers won’t talk about it; and you certainly don’t ever want to dwell on it. But this is a preparatory school, and you need to be prepared to deal with this phenomenon because you will experience it. That is a guarantee.
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Cadilla Granuels Ib Housing Gann Analysis

Cadilla Healthcare

Positional Traders can use the below mentioned levels

Close above 369 Target 377/389

Intraday Traders can use the below mentioned levels

Buy above 369 Tgt

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Nifty breaks above 8270, follow up move awaited,EOD Analysis

• FII's bought 26.8 K contract of Index Future worth 1673 cores ,42.3 K Long contract were added by FII's and 1.1 K short contracts were liquidated by FII's. Net Open Interest increased  by 5.1 K contract, so fall in market was used by FII's to enter long and enter shorts  in  Index futures. Traders New Year's Resolutions for 2017

As discussed in last analysis   Real test of bulls will come in range of 8250-8270,  decisive move can be seen during 04-05 Jan period. Bullish above 8270 for a move towards 8370/8450.Bearish below 8100 for a move till 7997/7900. High made today was 8218 and low 8180 so still the range trade between 8250-8100 continues.  decisive move will be seen outside this range only. As I have been discussing decisive move can be seen in 04-05 Jan so if any side range breaks expect at least 80-100 points move. We got the

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Will Bank Nifty break 18250,EOD Analysis

As discussed in Last Analysis   As seen in below chart still holding the gann trendline suggesting if held again can see move towards 18000/18165/18250. Holding below 17920 can see fast move towards 17800/17600/17420. Bank Nifty gave the rally above 18000 for a move till 18165, High made today was 8164 exactly near our target of 18165. Now for tomorrow close above 18165 next move will be above 18275/18400, Bearish below 18000 for a move towards 17830/17600.    Traders New Year's Resolutions for 2017

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ICICI Bank KPIT Jindal Steel Cloud Analysis

ICICI BANK

Positional Traders can use the below mentioned levels

Close above 257  Target 267

Intraday Traders can use the below mentioned levels

Buy above 252.6 Tgt

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Nifty forms Inside Day Pattern,EOD Analysis

• FII's bought 2.7 K contract of Index Future worth 181 cores ,3.9 K Long contract were added by FII's and 1.1 K short contracts were liquidated by FII's. Net Open Interest increased  by 5.1 K contract, so fall in market was used by FII's to enter long and enter shorts  in  Index futures. Traders New Year's Resolutions for 2017

As discussed in last analysis   Real test of bulls will come in range of 8250-8270,  decisive move can be seen during 04-05 Jan period. Bullish above 8270 for a move towards 8370/8450.Bearish below 8100 for a move till 7997/7900. High made today was 8218 and

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Nifty Bulls protect 8100,will they break 8250,EOD Analysis

• FII's bought 6.9 K contract of Index Future worth 461 cores ,4.2 K Long contract were liquidated by FII's and 2.7 K short contracts were added by FII's. Net Open Interest decreased  by 1.5 K contract, so fall in market was used by FII's to exit long and enter shorts  in  Index futures. Traders New Year's Resolutions for 2017

As discussed in last analysis   Now for the coming year 8250-8270 should be watched closely by Bulls as its near the gann resistance zone as shown in below chart, above it  move towards 8370/8450/8598, Bearish below 8100 for a move towards 7997/7900. 04-05 Jan are high swing date accept big move in these period. High made 8212 real test

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Bank Nifty corrects 400 Point from Gann Resistance Zone,EOD Analysis

As discussed in Last Analysis Now Bank Nifty needs to close above 18250 for a move towards 18524/18739. Bearish below 18000 for a move towards  17800/17600/17420. High made today was 18249 and Low made was 17850 and closed below 18000. So 18250 remain the bone of contention for Bulls and Bears had a field day on 1 trading day of year where they move almost 400 point from the Gann Resistance zone of 18250 and stopped exactly at gann support zone as shown in below chart. Now for next 2 days close above 18000 will again see a move towards 18250 /18400. Close below 17920 down move continue till 17800/17600/17420.  Traders New Year's Resolutions for 2017

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Ashok L BHEL Dish TV Trendline Analysis

Ashok Leyland

Positional Traders can use the below mentioned levels

Close above 81 Target 84/86

Intraday Traders can use the below mentioned levels

Buy above 80.3 Tgt

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Bank Nifty Weekly Analysis For Jan 2017

Last Week we gave Chopad Level 17860 Bank Nifty made High of 17860 on Monday giving Opportunity for Chopad Followers to Enter short trade which did the first target of 17700, Long Entry was triggred on Tuesday which did 2 target on Upside  thus rewarding Chopad Followers with  New Year gift :)
May The Year 2017 Bring for You,Happiness,Success and filled with Peace,Hope & Togetherness of your Family & Friends…. Wishing You HAPPY NEW YEAR 2017. Lets Analyze How to trade Bank Nifty in first week of trading in 2017.


Few Article to go through before we start the new Year 2017
Nifty Yearly Technical Outlook with Time Analysis for 2017
Traders New Year's Resolutions for 2017

Bank Nifty Hourly

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Nifty Weekly Analysis For Jan 2017

Last Week we gave Chopad Levels  of 7972, Nifty gave Short Entry on Monday and did the 1 target of 7900, On Tuesday gave Long entry above 7972 giving Opportunity for Chopad Followers to Enter Long trade which did all target of 8165 by Friday thus rewarding Chopad Followers with New Year gift :)  May The Year 2017 Bring for You,Happiness,Success and filled with Peace,Hope & Togetherness of your Family & Friends…. Wishing You HAPPY NEW YEAR 2017. Lets Analyze How to trade Nifty in first week of trading in 2017.


Few Article to go through before we start the new Year 2017
Nifty Yearly Technical Outlook with Time Analysis for 2017
Traders New Year's Resolutions for 2017

Nifty Hourly Chart

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Nifty Bounce 300 Points from gann support zone, EOD Analysis

• FII's bought 11.9 K contract of Index Future worth 752 cores ,11.2 K Long contract were added by FII's and 689 short contracts were liquidated by FII's. Net Open Interest increased  by 10.5 K contract, so rise in market was used by FII's to enter long and exit shorts  in  Index futures. Traders New Year's Resolutions for 2017

As discussed in last analysis  Range of 7880-7900 is again the important zone, break of the range on downside move towards 7800/7700. Holding the same move towards 8130/8250. Low made was 7894 so Bulls protected our gann range of 7880-7900 and were rewarded handsomely as high made was 8197 a move of 304 points in matter of 4 trading session.Thats the beauty of gann keep you 1 step

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