Nifty Bulls fail to close above gann angle,EOD Analysis

• FII's sold 1.6 K contract of Index Future worth 90 cores ,2.9 K Long contract were added by FII's and 4.6 K Short contracts were added by FII's. Net Open Interest increased  by 7.5 K contract, so fall in market was used by FII's to enter long and enter short in  Index futures. FII's Long to Short Ratio decreased to 2.9.  What Stock Trader can Learn from Doctor

• As discussed in last analysis   Bulls need close above gann angle for a fast move towards 9720 and close above 9720 will be very bullish in short term, Bearish below 9610 for a move towards 9566/9520. Low made today was 9608 so even though bulls were not able to break the gann angle but they held on to support of 9610 in today's fall

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Bank Nifty forms NR7 Pattern,EOD Analysis

As discussed in Last Analysis    As we discussed 17 June is important trend change day so low made on Friday is important ie.23391 holding the same we can continue to move higher towards our target.  So we saw the effect of  Geometric time cycle with Bank Nifty up by 250 points and in process doing our 1 target of 23760, Now bulls should hold for 23500 for further move towards 23960/24144. Bearish below 23400 for a move towards 23300/23150/23000.  Low made was 23651 and high made was 23760 so bank nifty traded in small range and protected 23500 and also formed NR7 pattern, Also we are approaching crucial time cycle day for bank nifty on 21-22 June so traders should be ready for good move in bank nifty in next 2-3 days. Bullish above 23760 for a move towards 23904/24048/24144. Bearish below 23616 for a move towards 23474/23328/23150.   What Stock Trader can Learn from Doctor

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Will Nifty Bulls able to break Gann Angle ?

• FII's bought 4.3 K contract of Index Future worth 320 cores ,3.2 K Long contract were added by FII's and 1 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 enter long and exit short in  Index futures. FII's Long to Short Ratio increased to 3.1.  What Stock Trader can Learn from Doctor

• As discussed in last analysis   Bulls now need to close above 9674 Gann angle for a move towards 9720. Close above 9720 is very very important for next move towards 9790/9860. Bearish below 9565 for a move towards 9520/9480. High made was 9676 near the gann angle so bulls were not able to close above 9674 also we had the narrowest range of market in past few days, Bulls need close above gann angle for a fast move towards 9720 and close above 9720 will be very bullish in short term, Bearish below 9610 for a move towards 9566/9520.  

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Nifty heading to new life high holding Low of Time Cycle

• FII's bought 2.2 K contract of Index Future worth 145 cores ,743 Long contract were liquidated by FII's and 2.9 K Short contracts were liquidated by FII's. Net Open Interest decreased  by 3.6 K contract, so rise in market was used by FII's to exit long and exit short in  Index futures. As discussed in last analysis  FII's Long to Short Ratio maintained at 2.9 double bottom in FII Long to Short Ratio. Nifty made bottom on Friday and saw a good rally today.  The Missing Watch

• As discussed in last analysis   17 June is important trend change date as per geometric time cycle as it being holiday we should see effect either tomorrow or Monday.  Nifty continue to close below gann angle, but in the process formed an Inside bar pattern. Bullish above 9610 for a move towards 9660/9720/9770. Till we are closing below 9595 bears have upper hand and can push 9520/9480.As we discussed 17 June is important trend change day so low made on Friday is important ie.9565 holding the same we can continue to move higher towards our target. Nifty opened

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Bank Nifty Bounces 350 points from Time Cycle Low

As discussed in Last Analysis   17 June is important trend change date as per geometric time cycle as it being holiday we should see effect either tomorrow or Monday. Nifty bears got whipsawed again as we discussed, Prices again bounced from gann angles as shown in below chart and also closed above 23477 and now heading towards 23760/23900. Bearish below 23400 for a move towards 23300/23150/23000. As we discussed 17 June is important trend change day so low made on Friday is important ie.23391 holding the same we can continue to move higher towards our target.  So we saw the effect of  Geometric time cycle with Bank Nifty up by 250 points and in process doing our 1 target of 23760, Now bulls should hold for 23500 for further move towards 23960/24144. Bearish below 23400 for a move towards 23300/23150/23000.  What Stock Trader can Learn from Doctor

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Nifty Continue to close below Gann Angle,EOD Analysis

• FII's sold 3.6 K contract of Index Future worth 276 cores ,6.2 K Long contract were liquidated by FII's and 2.6 K Short contracts were liquidated by FII's. Net Open Interest decreased  by 8.8 K contract, so rise in market was used by FII's to exit long and exit short in  Index futures. FII's Long to Short Ratio maintained at 2.9 double bottom in FII Long to Short Ratio. The Missing Watch

• As discussed in last analysis   Low made today was 9560 bears broke 9595 and finally closed below it and can push towards 9520/9480. Bullish above 9610 for a move towards 9660/9720/9770. As seen in below chart, nifty has done 2 time whipsaw at gann angle and shown a impulsive move on upside. Will it be repeated again ? 17 June is important trend change date as per geometric time cycle as it being holiday we should see effect either tomorrow or Monday.  Nifty continue to close below gann angle, but in the process formed an Inside bar pattern. Bullish above 9610 for a move towards 9660/9720/9770. Till we are closing below 9595

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Bank Nifty bounce from Gann Angle,EOD Analysis

As discussed in Last Analysis   Bank nifty made low of 23311 doing our 1 target of 23300 below 23400 and also closed at 23391 , suggesting bears are having upper hand and can push nifty towards 23300/23170/23000. A Note of Caution as per below charts Nifty is trading near the crucial 1x1 line which has give multiple support in past 3 time, Will it again bounce back. Bulls get active above 23477 for a move towards 23760/23900. 17 June is important trend change date as per geometric time cycle as it being holiday we should see effect either tomorrow or Monday. Nifty bears got whipsawed again as we discussed, Prices again bounced from gann angles as shown in below chart and also closed above 23477 and now heading towards 23760/23900. Bearish below 23400 for a move towards 23300/23150/23000. As we discussed 17 June is important trend change day so low made on Friday is important ie.23391 holding the same we can continue to move higher towards our target.   The Missing Watch

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Will Nifty Bears be Whipsawed again?

• FII's sold 8.4 K contract of Index Future worth 578 cores ,3.1 K Long contract were liquidated by FII's and 5.3 K Short contracts were added by FII's. Net Open Interest increased  by 2 K contract, so rise in market was used by FII's to exit long and enter short in  Index futures. FII's Long to Short Ratio decreased to 2.9 suggesting decisive move round the corner. Are You Trading for Comfort?

• As discussed in last analysis  Nifty closed below 9610 but again failed to close below 9595 so we are in no trade zone, as we did not close below 9595 and closed above 9610, we are near gann angles, so big move expected in next 2 trading sessions. Bullish above 9610 for a move towards 9660/9720/9770. Bearish below 9595 for a move towards 9520/9480. Low made today was 9560 bears broke 9595 and finally closed below it and can push towards 9520/9480. Bullish above 9610 for a move towards 9660/9720/9770. As seen in below chart, nifty has done 2 time whipsaw at gann angle and shown a impulsive move on upside. Will it be repeated again ?

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Will Bank Nifty Bulls be 3 time lucky at Gann 1x1 Angle?

As discussed in Last Analysis   Low made today was 23399.40 so bulls again protected 23400, and also closed above 23477 level, suggesting underlying strength is bullish and holding the 23400 levels we can rally back to 23760/23904. Bearish below 23400 for a move towards 23300/23170/23000. Bank nifty made low of 23311 doing our 1 target of 23300 below 23400 and also closed at 23391 , suggesting bears are having upper hand and can push nifty towards 23300/23170/23000. A Note of Caution as per below charts Nifty is trading near the crucial 1x1 line which has give multiple support in past 3 time, Will it again bounce back. Bulls get active above 23477 for a move towards 23760/23900. 17 June is important trend change date as per geometric time cycle as it being holiday we should see effect either tomorrow or Monday. Are You Trading for Comfort?

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Are You Trading for Comfort?

One of the most basic of human instincts is to avoid pain and to seek comfort.  This makes sense.  No one wants to experience pain; we prefer pleasure and comfort.  In trading, however, pursuing what’s comfortable is frequently not a good idea.
Trading for Comfort
There are many examples of trading decisions that are made for comfort but turn out to be the incorrect play.  For example, a trader experiences three losses in a row and another trade sets up with criteria similar to the last losing trade.  Many traders will avoid taking the trade, choosing comfort over the potential pain of another loss.  The right thing to do, of course, is to take the trade if it meets your criteria.  The last trade has no influence on the current trade, though the discomfort we feel about another loss often causes an incorrect decision.
Do You Choose Certainty or Risk?
Psychologists understand that the pain-comfort dynamic has great influence when it comes to trading losses and profits.  Take this classic experiment and see how this dynamic affects decision-making:
You have a choice.  You can choose either:

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Trading is hard, very hard, damn hard

I have an opportunity to Interact with lot of trades as part of my blog and my training classes which has been a great learning experience for me over the years. I’ve witnessed most of new traders falls in 2 category

1. Traders want ready made tips and advisory services
2. Traders focused on  developing a “ trading system” that will generate consistent profits.

Most of traders first takes losses after taking tips and than they fall in 2 category where focus is on to develop a system.
I was much the same way when I came into trading, but was hand held by my trading guru  and he explained me that developing a system is just 15% of the battle of trading.

The only reason which make trading so difficult is Very Few People Focus on

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Square Price & Time: BEML STAR KSCL

BEML

 

Positional Traders can use the below mentioned levels

Close above 1298 Target 1332/1368

Intraday Traders can use the below mentioned levels

Buy above 1288 Tgt

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Bank Nifty Weekly Forecast for 12-16 June

Last Week we gave Chopad Level 23410  Bank Nifty gave Long on Monday  which did 2 Chopad Target by Friday thus rewarding disciplined Chopad  Traders, so whipsaw we saw last week were duly handled were last week Chopad Levels.  Lets see how to trade in coming week.

Bank Nifty Hourly

As discussed in last analysis  Coming Week  As we have RBI Policy Holding 23300 we can scale towards 23762/24058. Bearish below 23300 for a move towards 23000/22800.
Low made 23349 so bulls protected 23300 and

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Nifty rallies after touching gann angle,EOD Analysis

• FII's sold 14.1 K contract of Index Future worth 1030 cores ,513 Long contract were liquidated by FII's and 13.6 K Short contracts were added by FII's. Net Open Interest increased  by 13.1 K contract, so rise in market was used by FII's to exit long and enter short in  Index futures. FII's Long to Short Ratio decreased to 4.2 Common Trading Mistakes

• As discussed in last analysis   Nifty saw small correction today and closed just near the gann angle also also near the lower end of range at 9640, bulls need to hold the gann angle for upmove to continue towards 9750/9790. Bearish below 9610 for a move towards 9530/9480.  As per Geometric Time Cycle big move can be seen in market in next 2 days.Low made today was again 9608 near the gann angle, as shown in below chart and we saw a good bounce back

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Bank Nifty continue to made life high holding Gann Level

As discussed in Last Analysis   Now bank nifty bulls should hold the range of 23450-23472 for next upmove towards 23760/23904. Bearish below 23400 for a move towards 23300/23170/23000.As per Geometric Time Analysis we should see good move in bank nifty in next 2 trading sessions.  Low made today was 23476 so bulls protecting the lower end of 23472 and continue to move higher  towards 23760/23904 and we got the expected move as per geometric cycle. High made today was 23710 so we are nearing in our next target of 23760. Bearish below 23400 for a move towards 23300/23170/23000. Mind over matter

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Nifty Bulls continue to Hold Gann Angle,EOD Analysis

• FII's sold 1.4 K contract of Index Future worth 106 cores ,4.4 K Long contract were added by FII's and 5.9 K Short contracts were added by FII's. Net Open Interest increased  by 10.3 K contract, so rise in market was used by FII's to enter long and enter short in  Index futures. FII's Long to Short Ratio fall sharply to 5.4 How Jesse Livermore Described Trading emotions

As discussed in last analysis   Nifty saw small correction today and closed just near the gann angle also also near the lower end of range at 9640, bulls need to hold the gann angle for upmove to continue towards 9750/9790. Bearish below 9610 for a move towards 9530/9480. Low made today was again 9530 near the gann angle, and again we saw bulls coming back, and closing above 9663 forming long legged doji. Till Bulls close above gann

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Bank Nifty does 23600 holding gann angle, EOD Analysis

As discussed in Last Analysis   So as 23300 is held we will make another upmove towards 23450-23616-23760. Bearish below 23100 for a move towards 22800-22500.  High made today was 23536 new life high, Low made today was 23381 so bank nifty bulls protecting 23300 range. Till the low of 23300 protected bank nifty can continue to move higher towards 23616/23760. Bearish below 23300 for a move towards 23150/23000. As High made today was 23606 so bank nifty did the second target of 23616 as we discussed. Now bank nifty bulls should hold the range of 23450-23472 for next upmove towards 23760/23904. Bearish below 23400 for a move towards 23300/23170/23000 How Jesse Livermore Described Trading emotions

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Bank Nifty Weekly Forecast for 05-09 June

Last Week we gave Chopad Level 22820  Bank Nifty gave Long on Monday which got stopped out and Short were triggered  on Monday which did 1 Chopad Target  thus rewarding disciplined Chopad  Traders, Next 2 Traders again were stopped out as bank nifty was trading in small range, so a tough week for chopad followers and had to let go some gains of last 2 last week.  Lets see how to trade in coming week as we have RBI Policy coming out.

Bank Nifty Hourly

As discussed in last analysis  Coming week bulls should hold 23000 for next move towards 23762/24000. Bears below 23000 for a move towards 22800/22650.

Low made was 23093 so bulls did a good job holding 23000 but

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Nifty Weekly Forecast for 05-09 June

Last Week we gave Chopad Levels  of 9610,  Nifty gave Short on Monday which got Stopout,Longs triggered did the 1 target of 9667    thus rewarding disciplined Chopad  Traders, Lets see how to trade in coming week as we approach RBI Policy.

Nifty Hourly Chart

As discussed in last analysis   For coming week above 9610 next move towards 9770. Bearish below 9470 only.

Apart from Monday all remaining days close was above 9610

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Bank Nifty Bulls continue to hold to 23300,EOD Analysis

As discussed in Last Analysis   Bulls holding 23300 can see another upmove towards 23450-23500/ 23669. Bearish below 23100 for a move towards 22800-22500. Bank Nifty opened with gap near and made high of 23453 near our target of 23450 and saw a small correction and Low made today was 23308 bank nifty bulls continue to protect 23300, So as 23300 is held we will make another upmove towards 23450-23616-23760. Bearish below 23100 for a move towards 22800-22500. 

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Nifty Bulls give weekly close above gann angle,EOD Analysis

• FII's sold 2.8 K contract of Index Future worth 210 cores ,1.6 K Long contract were liquidated by FII's and 1.1 K Short contracts were added by FII's. Net Open Interest decreased  by 541 contract, so rise in market was used by FII's to exit long and enter short in  Index futures. FII's Long to Short Ratio at 5.7 Because I was told I CAN

As discussed in last analysis  Till we are above 9610 we can move towards 9669/9700/9767. Bearish below 9570 for a move towards 9500. Prices cannot stay near gann angles for so long so brace for a trending move. Nifty closed above 9610 on Friday and we finally had a gap up opening which did the first target of 9669 now as long as bulls held on

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Because I was told I CAN

About 6 months ago, I joined a gym. Every morning, there is one personal trainer there that works out at the same time that my little group does our workout. He does his "routine" with such a quiet determination that he makes it all look very easy; although I know all too well how hard he is working. When I am tempted to whine and quit, I watch him push himself to his own limits, and I find myself motivated to work as hard and without complaint.
A couple of weeks ago, I was watching him do chin ups. He made them look effortless. I broke away from my group and asked him if I could try a chin up. I had never tried before, but he just made it look so easy. He eagerly stepped aside and encouraged me to step up to the bar. I pulled myself up without thinking...once...then twice. That was all I had in me, I had no strength left. I told him that was all I had, so he stepped up behind me and pushed me up for a third and fourth "pull." It felt so good. I felt strong and I smiled from ear to ear.


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The importance of doing “No Trade”

Australian cricketer-turned-commentator Dean Jones, in an interview for Wisden, observed that two-thirds of Sachin Tendulkar’s game is based around defence. Most of the shots in any Sachin century, he says, are based on forward defence, back-foot defence and letting the ball go. As any coach would vouch, letting the ball go is possibly as important…


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