Titan CECS India Cement Darvas Box Analysis

• FII's sold 2.4 K contract of Index Future worth 156 cores , 2.5 K Long contract were liquidated by FII's and 33 short contracts were liquidated by FII's. Net Open Interest decreased  by 2.5 K contract, so fall in market was used by FII's to exit long and exit short in  Index futures. The Role of Regret in Trading

As discussed in last analysis  High made was 8982 near the gann angle resistance level, as we have been discussing in process doing our target of 8982 above 8910. Bulls should protect the level of 8847 now for the current trend to continue. Fresh long above 8990 for move towards 9060/9120. Bearish only below 8840 for a move towards 8757/8700/8672 Nifty made high of 8951 and low of 8888 so bulls

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Bank Nifty breaks 20750, EOD Analysis

• As discussed in Last Analysis   Bank nifty did the target of 21000 holding above 20750 and saw correction on last hour of expiry but still manage to hold 20750, Till 20750 will hold we will make another attempt to make a new fresh life time high and heading towards 21100-21200. Bearish only on close below 20750. Bank Nifty finally broke 20750 and made low of 20585, till we trade below 20750 we can see move towards 20500/20300 where the support lies as seen in below chart. Bullish only on close above 20800 for a move towards 21000/212000. Regret in Trading
  

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Titan CECS India Cement Darvas Box Analysis

Titan

Positional Traders can use the below mentioned levels

Close above 436 Target 450/466

Intraday Traders can use the below mentioned levels

Buy above 436 Tgt

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Regret in Trading

• I wish I would have Exited the Trade When the First Signal to Exit Arose

One of the difficulties of trading is that there are multiple forces at battle in any one moment. Many traders who are buying are able to see why a trade should continue going up even though a major trend line has broken. Traders who are short on the other hand likely see a similar number of reasons why the trend should continue down. Either way, it may be helpful to try and see the trade from the other side's perspective to neutralize your view so you don't stubbornly hold on to a losing trade.

• I wish I would have waited for the set-up to materialize before chasing that move

You’ll often hear that traders are tossed back and forth between two emotions. Unfortunately, I think that it is more like one emotion with two heads. That one emotion is fear and tr

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Will Generic Break its Ascending Triangle

Generic Engineering We covered this stock on Monday and Thursday,16 Jan  ,02 Feb,17 Feb and 20 Feb Stock has seen decent bounce from 83 levels and made high of 112 and also closed above 113 Last Thursday.

Generic Hourly with Ascending Triangle

Generic Hourly Chart is forming an Ascending Triangle Pattern as shown in below chart, Breakout will come above 113 for a move towards 123 as this is the triangle height.  Volumes has been increasing in past few weeks, so hopefully we should see the breakout in coming week.

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Arvind Ashok Leyland HDIL Swing Analysis

Arvind

Positional Traders can use the below mentioned levels

Close above 374 Target 380/385

Intraday Traders can use the below mentioned levels

Buy above 374 Tgt..

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Bank Nifty Weekly Forecast For March Month

Last Week we gave Chopad Level 21580 Bank Nifty gave Long Entry  on Monday did almost 3 target on upside, High made was 21011 our final target was 21050. Lets analyze how to trade Bank Nifty as we start March Series.

Bank Nifty Hourly

As discussed in last analysis Now Bulls should hold 20500/20600 range for a move towards 21000/21500. Bearish below 20350 for a move towards 20000/19750.
Low made was 20472 so traders got entry at 20500 and

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Will Nifty be 3 time Lucky with close above 9000,Weekly Forecast

Last Week we gave Chopad Levels  of 8840, Nifty gave Long Entry  on Monday and did 2 target on Upside. Lets Analyze how to trade Nifty as we start the new time cycle from 27 Feb-07 march.

Nifty Hourly Chart

Hourly chart keep bouncing from the channel bottom and fall from channel top happened in 2 instances in last 2 weeks as shown in above chart ,Now Bulls need a close

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Bank Nifty does 21000 holding 20750,EOD Analysis

As discussed in Last Analysis  High made today was 20958 so still we are not able to do our target of 21000-21100, Till 20750 is held we will be able to achieve the target. Bulls need a close above the green arc for the impulsive move to happen. Bearish only on close below 20500. Bank nifty did the target of 21000 holding above 19750 and saw correction on last hour of expiry but still manage to hold 20750, Till 20750 will hold we will make another attempt to make a new fresh life time high and heading towards 21100-21200. Bearish only on close below 20750.  Are You Addicted To Trading?

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Nifty does 8981 holding 8910, EOD Analysis

As discussed in last analysis  High made today was 8960 near our target of 8981 and closed above 8910 suggesting another attempt will be made to break the range of 8981 for next move towards 9050/9120. As the market moves higher traders need to tighter there SL, As per gann analysis only on close below 8827 the current uptrend will end, Till 8827 is held bulls will make merry and move towards the life highs of 9120. Trailing position is the best way to ride such strong trending market and not speculating when market will form a top. High made was 8982 near the gann angle resistance level, as we have been discussing in process doing our target of 8982 above 8910. Bulls should protect the level of 8847 now for the current trend to continue. Fresh long above 8990 for move towards 9060/9120. Bearish only below 8840 for a move towards 8757/8700/8672Bank Nifty does 21000 holding 20750,EOD Analysis

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Are You Addicted To Trading?

In July of 2009, 64 year old Martin Hickman lost 200,000 British pounds (approximately $333,000) in a single day trading on the London Stock Exchange (the FTSE).
Hickman told The Telegraph (U.K), “I was going to be a househusband, take care of the dogs and do a little trading on the side. Then things escalated and I was hooked. I switch the computer on straightaway my alarm goes off at 6:30 AM and it stays on well until after midnight. I bore my wife silly, but she understands.”
Hickman’s story is only one of what appear to be never-ending examples of traders who continue to trade despite mounting losses. They manifest some kind of quasi-delusional confidence that they will hit what is called “The Big Fish Trade,” and win back everything they lost and more. They appear to be spellbound and mesmerized by the flickering ticks

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Why Many Traders fail to achieve consistent profit?

One of the main reason for not having consistency is  Trading, just because we are itching to do something. Traders just want to be in trade at any cost. Our eyes should be focused on the future, and that is what market timing is all about. Following a strategy that beats the market “over time,”…



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Nifty Technical Analysis for Feb Expiry

• FII's sold 3.9 K contract of Index Future worth 272 cores , 10.1 K Long contract were added by FII's and 14 K short contracts were added by FII's. Net Open Interest increased  by 24.1 K contract, so rise in market was used by FII's to enter long and enter short in  Index futures. The Role of Regret in Trading

As discussed in last analysis   Bulls now need a close above 8910 as its the gann angle resistance as shown in below chart, closing above it Nifty can move towards 8981/9050/9120. Range of 8900-9000 is again supply zone as nifty so move will be slow and time confusing, more time spent around this range better for market for the next leg of upmove. Bearish only on close below 8788 for a move towards 8720/8681. High made today was 8960 near our target of 8981 and closed above 8910 suggesting another attempt will be made to break the range of 8981 for next move towards 9050/9120. As the market moves higher

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Bank Nifty Technical Analysis for Feb Expiry

As discussed in Last Analysis   20750 done today so traders who missed the big gap up on Friday were able to enter when bank nifty came down and are rewarded more than 400 points in 2 days for there patience,Waiting for the trade to come is the art every trader need to develop to be successful.  As we have closed well above 20750 we are heading towards 21080-21100 where resistance comes as per gann angles shown below, Bearish only on close below 20450 for a move towards 20333/20150.  High made today was 20958 so still we are not able to do our target of 21000-21100, Till 20750 is held we will be able to achieve the target. Bulls need a close above the green arc for the impulsive move to happen. Bearish only on close below 20500.  The Role of Regret in Trading


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Mcdowell Jet Airways Marico Time Analysis

Mcdowell

 

Intraday Traders can use the below mentioned levels

Buy above 2430 Tgt

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Nifty does 8900 holding 8840, EOD Analysis

FII’s sold 14.1 K contract of Index Future worth 1017 cores , 8.5 K Long contract were added by FII’s and 22.6 K short contracts were added by FII’s. Net Open Interest increased  by 31.1 K contract, so rise in market was used by FII’s to exit long and enter short in  Index futures. The Role…


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Bank Nifty rally 400 points from gann support,EOD Analysis

As discussed in Last Analysis   Now as we closed above 20500 we can see another move towards 20750/21000. Bearish below 20350  for a move towards 20150/20000. Low made today was 20472 and high made was 20702 so bank nifty is moving towards target of 20750. Any close above 20750 can see move towards 21000 and…


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The Role of Regret in Trading

Regrets are fine to have as long as you act on them. Here is a list of common regrets that traders have had over the years and if you can identify them and work to avoid them going forward you can begin to see real progress in your trading results. “I did exactly the wrong…

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Nifty close above 8840, EOD Analysis

FII’s sold 15.7 K contract of Index Future worth 1141 cores , 6.5 K Long contract were liquidated by FII’s and 9.1 K short contracts were added by FII’s. Net Open Interest increased  by 8.7 K contract, so rise in market was used by FII’s to exit long and enter short in  Index futures. What to…

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Bank Nifty continue the upmove holding 20500,EOD Analysis

As discussed in Last Analysis   Now as we closed above 20500 we can see another move towards 20750/21000. Bearish below 20350  for a move towards 20150/20000. Low made today was 20472 and high made was 20702 so bank nifty is moving towards target of 20750. Any close above 20750 can see move towards 21000 and…


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What to Do after Trade is completed

 After the trade is completed 4 Things can happen Trade went into Loss Trade Hit SL and went up and Hit your target Trade was draw no profit no loss. Trade was profitable and you made money. A winning trade is almost worse than a losing trade due…

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Generic Engineering Ready for another Upmove

made high of 112 and also closed above 110 Last Friday.

Generic Daily Chart with Channel

As seen in daily chart stock has taken multiple

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Apollo Tyre Bharti Airtel Rel Capital Intraday Trading Levels

Apollo Tyre

 

Intraday Traders can use the below mentioned levels

Buy above 180 Tgt

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Bank Nifty Weekly Forecast for Feb Expiry

Last Week we gave Chopad Level 20309 Bank Nifty gave Short Entry  on Monday High made was exact 18309 and did 1 target on downside, Long also got triggered on Wednesday which got stopped out. Lets analyze how to trade Bank Nifty in coming Expiry Week.

Bank Nifty Hourly

As discussed in last analysis Bank Nifty is

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Nifty Weekly Forecast for Feb Expiry

Last Week we gave Chopad Levels  of 8840, Nifty gave Short Entry  on Friday  but no target was achieved. Another Week of consolidation after a massive rally of 1000 points in less than 2 months. Lets Analyze how to trade Nifty in the expiry week.

Nifty Hourly Chart

Hourly chart keep bouncing from the channel bottom as happened in 2 instances in last 2 weeks as shown in above chart ,Now Bulls need a close above 8840 for a move towards 8888/8969/9100.

Nifty Harmonic

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Bank Nifty hit life highs holding 20000,EOD Analysis

As discussed in Last Analysis   Its been 9 trading days we are stuck in gann arc, Plan remains the same long above 20350 for a move till 20500/20750. Bearish below 20000 for a move till 19794/19500.  Bank Nifty opened gap up  and hit the life time high but as it opened open 20500 so  trades who were waiting for break of 20350 missed the gap up but as did not break 20000 so most of readers were not short and protected there capital, Money saved is money earned. Now as we closed above 20500 we can see another move towards 20750/21000. Bearish below 20350  for a move towards 20150/20000. As seen in below Gann Angles chart the whole move from the low of  17600 till 21000 was captured, Thats beauty of gann keeps you ahead of the curve . Recency Bias and Its Influence in Trading

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Hope, Fear and Knowledge

When a great Sufi mystic, Hassan, was dying, somebody asked, ‘Hassan, who was your Master?’
He said, ‘Now it is too late to ask. Time is short, I am dying.’ But the inquirer asked, ‘You can simply say the name. You are still alive, you are still breathing and talking, you can simply tell me the name.’
He said, ‘It will be difficult because I had thousands of Masters. If I just relate their names it will take months and years. It is too late. But three Masters I will certainly tell you about.
‘One was a thief. Once I got lost in the desert, and when I reached the village it was very late. Half the night was already gone; shops were closed, caravanserais were closed. There was not a single human being on the roads. I searched for somebody to inquire of. I found one man who was trying to make a hole in the wall of a house. I asked him where I could stay, and he said, “I am a thief, and you look like a Sufi mystic to me.”‘ His robe, his aura. ‘And the thief said, “Right now it will be very difficult to find any place

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Recency Bias and Its Influence in Trading

Raj had been watching the Nifty futures all morning, waiting patiently for a trade. Finally,Nifty came near His entry levels based on his trading system. He looked carefully at  the price action  he used to qualify his trades. Everything met his criteria. Price had turned bullish and  signaling long should be taken. “There’s no flaw in the setup,” he thought.
The trade started working almost immediately. The market moved up smartly, breaking a nearby resistance level and then moved in his direction. The Nifty rallied almost 60 points from the trade entry—an excellent intraday run for this market. But, Alas!!  Raj was not on board.
He didn’t take the trade. Why ??
This is what he wrote in his trading journal

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Axis Bank Idea Bharat Forge Trend Analysis

Bharat Forge

Positional Traders can use the below mentioned levels

Close above 1026 Target 1076

Intraday Traders can use the below mentioned levels

Buy above 1026 Tgt

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Bank Nifty continue to trade between gann arc

As discussed in Last Analysis  Bullish above 20350 for move towards 20500/20750/21000. Bearish below 20000 for move towards 19750/19500. 15 Feb is important date as per time analysis,hopefully we should see trending move tomorrow.  High made today was 20368 but as bank nifty did not sustain above that level for 5 mins so no longs were taken, Low made was 20115 near Gann Arc which again came to rescue of bulls, Its been 8 trading days we are stuck in gann arc, and we still did not get any trending move as we were expecting. Plan remains the same long above 20350 for a move till 20500/20750. Bearish below 20000 for a move till 19794/19500. How to Prepare for a trading day

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Will Nifty break 8681,EOD Analysis

• FII's bought 9.8 K contract of Index Future worth 688 cores ,18.1 K Long contract were added by FII's and 8.2 K short contracts were added by FII's. Net Open Interest increased  by 26.3 K contract, so fall in market was used by FII's to enter long and enter short in  Index futures. How to Prepare for a trading day

As discussed in last analysis    Bulls should protect 8681 and till its protected move towards 8969 and above is quiet possible. Once the Gann arc as shown below is broken bulls will shown an impulsive move on upside. When we are near major supply zone as i have been discussing we see such choppy moves, more nifty consolidates in the zone faster and impulsive will be the breakout.  15 Feb is important date as per time analysis,hopefully we should see trending move tomorrow. Low made today was 8712 and high made was

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How to Prepare for a trading day

Years of my interaction with traders , I’ve realized that most of the traders do not have proper mindset for trading. Its a difference between a Champion and Normal Sportsman.  Mindset make such a major difference,  and  most traders have gambler  mindset till the time trade and when they lose out all blame market . From the beginning, middle and after the end of a trade, most people have their mind and focus on the wrong things.
Many traders during my coaching session have asked How we should do trading, let me try to explain this

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GAIL Apollo Tyre LIC Housing Harmonic Analysis

LIC Housing

Positional Traders can use the below mentioned levels

Holding 539 Target 555/564

Intraday Traders can use the below mentioned levels

Buy above 549 Tgt

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Nifty ready for range breakout,EOD Analysis

• FII's bought 19.6 K contract of Index Future worth 1321 cores ,18.9 K Long contract were added by FII's and 0.7 K short contracts were liquidated by FII's. Net Open Interest increased  by 18.2 K contract, so fall in market was used by FII's to enter long and exit short in  Index futures. Trading Common Sense which is not so Common

As discussed in last analysis   we are still holding 8681 suggesting bulls are still having upper hand eventhough we are not able to cross the gann arc, as shown in below chart. Bearish only on close below 8681 and bullish above 8840 in between choppy move continue.  High made today was 8820 and low made was 8772 so we did not break 8840 on Upside and 8681 on downside suggesting choppy move to continue, Bulls should protect 8681 and til

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Bank Nifty ready for trending move,EOD Analysis

As discussed in Last Analysis Gann Arc again came to rescue of bulls, Its been 6 trading days we are stuck in gann arc suggesting trending move is round the corner, We were expecting the move to come but market did not oblige, cycles gets delayed by 1-2 days lets see if the move comes in next 2 days, Bullish above 20350 for move towards 20500/20750/21000. Bearish below 20000 for move towards 19750/19500. 15 is important date as per time analysis,hopefully we should see trending move tomorrow. Trading Common Sense which is not so Common

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Trading Common Sense which is not so Common

• You are not trading, you are fooling yourself

Although 70% of all traders quit within 2 years, 30% don’t give up on their dreams of living from their trading performance, whereas only 1% of all traders can trade profitably at all. These statistics tell us that there are thousands and thousands of ‘traders’ losing money on a consistent basis, even after trading for years.
Be honest to yourself and think about how long you’ve been in the trading business now, trying to find ways to make money. Do you still lose consistently after years of trading? Do you know that you should have a trading journal, a trading plan and analyze past trades, stop hopping from system to system, but you just don’t do it?
Don’t lie to yourself because no one cares anyway, and you are the only one who knows that you are just pretending to be onto something, chasing some kind of dream without really being committed.
Do you listen to random people Social media and be

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Nifty Bulls still unable to break 8840/gann arc,EOD Analysis

• FII's bought 11.4 K contract of Index Future worth 754 cores ,12.7 K Long contract were added by FII's and 1.2 K short contracts were liquidated by FII's. Net Open Interest increased  by 1.7 K contract, so rise in market was used by FII's to enter long and exit short in  Index futures. 3 Keys to Money Management

As discussed in last analysis   we are still holding 8681 suggesting bulls are still having upper hand eventhough we are not able to cross the gann arc, as shown in below chart. Bearish only on close below 8681 and bullish above 8840 in between choppy move continue.  High made today was 8827 and low made was 8754 so we did not break 8840 on Upside and 8681 on downside suggesting choppy move to continue, Bulls should protect 8681 and till its protected move towards 8969 and above is quiet possible. Once the Gann arc as

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Bank Nifty continue to trade between gann arc,EOD Analysis

As discussed in Last Analysis Bullish above 20350 for a move till 20500/20700/21000 and bearish below 20150 for a move till 20000/19850. As per time analysis expect a trending move in market in next 2 days. High made today was 20308 so bulls did not break 20350 but lower end of range was broken as low made was 20116 whipsawing traders who went short. Gann Arc again came to rescue of bulls, Its been 6 trading days we are stuck in gann arc suggesting trending move is round the corner, We were expecting the move to come but market did not oblige, cycles gets delayed by 1-2 days lets see if the move comes in next 2 days, Bullish above 20350 for move towards 20500/20750/21000. Bearish below 20000 for move towards 19750/19500.  3 Keys to Money Management

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Jubilant Food HUL India Cement Technical Pattern

Jubilant Food

Positional Traders can use the below mentioned levels

Close above 1008 Target 1021/1042

Intraday Traders can use the below mentioned levels

Buy above 998 Tgt

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Bank Nifty Weekly Forecast as We approach new Time Cycle

Last Week we gave Chopad Level 20309 Bank Nifty gave Long Entry  on Monday and did 1 target on Upside, Shorts also got triggred below 20309 on Wednesday which were rewarded  which did 1 target on downside. A Perfect week which consolidated last 2 week gain, Coming week is very crucial we are approaching confluence of date in between 13-15 Feb which can show some fast move.

Bank Nifty Hourly

Bank Nifty is trading at lower end of channel as shown in above chart

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Nifty Weekly Forecast as We approach new Time Cycle

Last Week we gave Chopad Levels  of 8777, Nifty gave Long Entry  on Monday and did 1 target on Upside, Shorts also got triggred below 8778 on Tuesday which were rewarded on RBI day when Nifty made low of 8715 near target of 8710. A Perfect week which consolidated last 2 week gain, Coming week is very crucial we are approaching confluence of date in between 13-15 Feb which can show some fast move.

Nifty Hourly Chart

Hourly chart keep bouncing from the channel bottom

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Bank Nifty form inside day pattern,EOD Analysis

As discussed in Last Analysis Till we do not close above 20500 bulls will be on backfoot and bears will get active only below 20000 In between the range of 20000-20500 we will remain in choppy move, Buy lower sell High is best strategy till we do not close above or below this range.  High made today was 20310 and low made was 20167 so we continue to trade in range as we have discussed and formed inside day pattern Gann Arc again showed its power as bank nifty moved between the 2 arc as shown in below chart, Bullish above 20350 for a move till 20500/20700/21000 and bearish below 20150 for a move till 20000/19850. As per time analysis expect a trending move in market in next 2 days. This Coach Improved Every Tiny Thing by 1 Percent and Here’s What Happened

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Zee Ambuja Cement Just Dial Cloud Analysis

ZEE

Positional Traders can use the below mentioned levels

Close above 514 Target 528/548

Intraday Traders can use the below mentioned levels

Buy above 514 Tgt

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Bank Nifty continue to trade below gann arc, EOD Analysis

As discussed in Last Analysis  Now Bulls will get active only above 20500 for a move towards 20900 and bears below 20300 for a move towards 20150/20000/19800. Bank Nifty continue to trade below 20300 and made low of 20070 once the policy was declared. Till we do not close above 20500 bulls will be on backfoot and bears will get active only below 20000 In between the range of 20000-20500 we will remain in choppy move, Buy lower sell High is best strategy till we do not close above or below this range.   Winning Trader's Mindset

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Nifty continue to trade below gann arc, EOD Analysis

• FII's bought 8.4 K contract of Index Future worth 603 cores ,6.5 K Long contract were added by FII's and 1.9 K short contracts were liquidated by FII's. Net Open Interest increased  by 4.6 K contract, so rise in market was used by FII's to enter long and exit short in  Index futures.Winning Trader's Mindset

As discussed in last analysis    As we have RBI Policy tomorrow traders should watch 8681 if any sharp move on downside is seen, till 8681 is held current rally has more legs,Fresh long only above 8840. Bearish below 8752 for a move towards 8681/8650.  Low made was

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Cipla Bharat Forge Federal Bank Gann Price Time Analysis

CIPLA

Positional Traders can use the below mentioned levels

Close above 610 Target 623/631/644

Intraday Traders can use the below mentioned levels

Buy above 600 Tgt

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Bank Nifty Technical Setup before RBI Feb Policy

As discussed in Last Analysis Now we are at crucial juncture as range of  20500-20600 is very crucial closing above it we are heading towards 21000, Unable to do so dip towards 20300/20150/20000. Bank Nifty made high of 20426 so was unable to breach the range of 20500-20600 and than corrected till 20281 doing our 1 target of 20300, Now Bulls will get active only above 20500 for a move towards 20900 and bears below 20300 for a move towards 20150/20000/19800.  Winning Trader's Mindset

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Winning Trader's Mindset

“The Trader’s Mindset”  is what a amateur  trader need to work on to move in category of professional trader. Any World Class Athlete you would have seen give much importance to the MINDSET before any big game. So its only your MIND you need to TRAIN to be a good trades. Millions of strategies but a mindset to be a successful trader only few have and eventually those few traders succeed to make big. Many of my students during the trading course  ask me this question and we talk about it a lot with traders I mentor.
When we trade the markets we approach the markets each and every day with a psychological mindset or set of beliefs and emotions. New traders often enter trading with beliefs about trading and the markets that simply do not apply to the realities of trading. This is why new traders get into trades and can’t get out or don’t know when to take profits or get out at the bottom and get in at the top of markets. In other words they make bad trades because they are trading from inaccurate beliefs and become subject to their emotions of fear and greed.

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BHEL HDIL Crompton G Swing Analysis

BHEL

Positional Traders can use the below mentioned levels

Close above 146 Target 149/152/157

Intraday Traders can use the below mentioned levels

Buy above 144.3 Tgt

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Small Cap Breakout Stock :Generic Construction

Generic Daily Chart with Channel

As seen in daily chart stock broke the upper end of channel, Now breaking  above today's high of

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Nifty does 8800,EOD Analysis

• FII's bought 3 K contract of Index Future worth 169 cores ,9.6 K Long contract were added by FII's and 6.5 K short contracts were added by FII's. Net Open Interest increased  by 16.1 K contract, so rise in market was used by FII's to enter long and enter  long in  Index futures.Calm Mind Lead to Bigger Opportunity

As discussed in last analysis  Low made was 8707 so 8710 playing crucial role and big resistance at 8752, once closed above it next move towards 8806-8840 range. Lot of Supply in these range so more we consolidate in this range better would be the next leg of upmove. Bearish only below 8600. Nifty

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Bank Nifty does 20500, EOD Analysis

As discussed in Last Analysis Now as we closed near the gann arc so move  above 20300 we are heading towards 20500. Bearish below 20000 for a move towards 19800/19500. Low made today was 20298 so Bulls as soon as they crossed 20300 were on front front and drove market towards 20500 high made was 20462. Now we are at crucial juncture as range of  20500-20600 is very crucial closing above it we are heading towards 21000, Unable to do so dip towards 20300/20150/20000.  Calm Mind Lead to Bigger Opportunity

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Bank Nifty Weekly Forecast ahead of Feb RBI Policy

Last Week we gave Chopad Level 19800 Bank Nifty gave Long Entry on Budget Day did 1 target by Thursday thus rewarding disciplined Chopad followers.  Lets Analyze How to trade Nifty in coming week as we have RBI Policy outcome on 08 Feb.

Bank Nifty Hourly

As discussed in last analysis Bank Nifty hourly need a close above 19800 for move towards 20000/20500/21000. Support at 19000.
Bank Nifty did 2000 and moved till 20200,

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Nifty Weekly Forecast ahead of Feb RBI Policy

Last Week we gave Chopad Levels  of 8675, Nifty gave Long Entry After Budget day but failed to do the 1 target of 8773 as high made was 8757 rewarding disciplined Chopad followers. Lets Analyze How to trade Nifty in coming week as we have RBI Policy outcome on  08 Feb

Nifty Hourly Chart

Hourly chart keep bouncing from the channel bottom as happened in

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Nifty held of to 8710, EOD Analysis

• FII's sold 3.9 K contract of Index Future worth 274 cores ,633 Long contract were added by FII's and 4.6 K short contracts were added by FII's. Net Open Interest decreased  by 5.2 K contract, so rise in market was used by FII's to enter long and enter  long in  Index futures.Calm Mind Lead to Bigger Opportunity

As discussed in last analysis  8710 is held again suggesting move till 8800 possible but the range of 8806-8840 a big supply zone so market if it

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Intraday Trading Emotions and Psychology

Trading is Buying and selling securities or commodities on a short-term basis, hoping to make quick profits.You might hear of rags to riches stories or traders boasting about the money they made in a trade. Its am exciting business but the fact is only 5% of traders are able to make money on a consistent basis.
If you have ever interacted with  Successful traders he would say  that psychology and emotions are 80% of the battle.
Do not overestimate your ability to be unaffected by emotion.
Real Life vs. the Trading Terminal
Have you ever imagined why doctors,engineers, and maths graduate who are quiet strong in analytical skills  have burnt hands in trading ?
The pressure and stress you’ll face will be far greater than anything you’ve ever experienced.
When I first started trading, I was confident of my math and analytical skills – so I thought I could base all my trading decisions purely on analysis, unaffected by emotion.

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Bank Nifty heading towards 20500,EOD Analysis

• As discussed in Last Analysis Now Holding 20000 next target should be 20250/20470. Bearish only on close below 19800 only. High made 20229 so almost did target of 20250. Now as we closed near the gann arc so move  above 20300 we are heading towards 20500. Bearish below 20000 for a move towards 19800/19500. Calm Mind Lead to Bigger Opportunity
  

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Calm Mind Lead to Bigger Opportunity

A King wished to select a good Chief Minister for his Kingdom. In his court were four men with equal qualification to hold the post of the Chief Minister. He therefore decided to conduct a test to select one from amongst them for the post.

One day, he called all four of them and said, 'I have a lock. It is a scientific lock, made according to mathematical calculations. Tomorrow morning all of you would be given a chance to open this lock. The person who succeeds in opening this lock within the shortest time would become the Chief Minister of this Kingdom.
With a desire to become the Chief Minister, the men sat up the whole night, browsing ancient writings regarding locks, mathematical designing etc., and made notes. Only one

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STAR DHFL Tata Communication Harmonic Analysis

STAR

Positional Traders can use the below mentioned levels

Holding 1078 Target 1114/1150

Intraday Traders can use the below mentioned levels

Buy above 1084 Tgt

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Nifty forms DOJI near Supply zone,EOD Analysis

• FII's sold 4.2 K contract of Index Future worth 258 cores ,6.5 K Long contract were added by FII's and 10.8 K short contracts were added by FII's. Net Open Interest decreased  by 17.3 K contract, so rise in market was used by FII's to enter long and enter  long in  Index futures. Common Excuses Made By Losing Traders

As discussed in last analysis    Holding 8710 nifty is headed towards 8800/8860. Bearish only on close below 8500. 8710 is held again suggesting move till 8800 possible but the range of 8806-8840 a big supply zone so market if it consolidated in range of 8700-8800

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Bank Nifty does 20150 above 19800,EOD Analysis

As discussed in Last Analysis Yesterday low was at gann arc  was first indication of bank nifty heading higher and today when it trading above it during budget speech was a very big confirmation. Bank Nifty had a range of 615 points as we discussed, It did not break 19360 so bearish were on back foot and as soon as 19800 was taken out we saw the big rally towards 20000 and we should get 20150/20200 by tomorrow. High made was 20147 so we did the target of 20150 as soon as 19800 was broken after Budget speech. Now Holding 20000 next target should be 20250/20470. Bearish only on close below 19800 only.  Common Excuses Made By Losing Traders

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Generic Engineering Technical Update

Unions Budget is having lot of Thrust on Infrastructure spend Stocks in construction and Infra sector should get benefited from this. Generic Construction we have been tracking this stock, and its moving along the technical line suggesting more upside can be seen in this stock based on current technical structure.
Generic Engineering We covered this stock on Monday and Thursday and 16 Jan   Stock has seen decent bounce from 83 levels and made high of 112.

Generic Daily Chart with Channel

As seen in daily chart stock corrected from upper end of channel

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Nifty Close above 8675 heading towards 8800,EOD Analysis

• FII's bought 2.7 K contract of Index Future worth 119 cores ,11.2 K Long contract were added by FII's and 8.5 K short contracts were added by FII's. Net Open Interest decreased  by 19.8 K contract, so rise in market was used by FII's to enter long and enter  long in  Index futures. Common Excuses Made By Losing Traders

As discussed in last analysis   As we have budget tomorrow Breakout above 8675 for a move towards 8710/8775/8820. Bearish below 8550 for a move till 8480/8410. Range of Budget can be in between 8410-8710. Nifty went below 8550 during budget speech and shorts taken got stopped out but as soon as 8675 was broken nifty did 8710 and closed at the highest point of the day.

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Bank Nifty rallies 500 points from Gann Arc,EOD Analysis

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. Yesterday low was at gann arc  was first indication of bank nifty heading higher and today when it trading above it during budget speech was a very big confirmation. Bank Nifty had a range of 615 points as we discussed, It did not break 19360 so bearish were on back foot and as soon as 19800 was taken out we saw the big rally towards 20000 and we should get 20150/20200 by tomorrow.  Do's and Don't For Trading on a Budget Day

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PNB ACC Hindalco Gann Analysis

PNB

Positional Traders can use the below mentioned levels

Close above 139 Target 145/151.Below 134 Target 128/123

Intraday Traders can use the below mentioned levels

Buy above 136.2 Tgt

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