Bank Nifty starts on Bullish mode with new time cycle

As discussed in Last Analysis   Fresh longs should be taken above 25000 for a move towards 25200-25284. Bearish below 24624 for a move towards 24480-24300.  High made today was 25168 so bank nifty reached near our target of 25200 but did not achieve it,hopefully will be done tomorrow. Close above 25200 will push bank nifty towards 25344/25500. As we have new time cycle starting today so today's low of 24828 should be held till 07 Aug for Bulls to have upper hand and move towards 25200/25344/25560. Bearish below 25000 for a move towards 24840/24440  Someone to Watch Over Me

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Nifty Weekly Forecast for RBI Policy Week

Last Week we gave Chopad Levels  of 9931,  Nifty did gave long entry to Chopad Followers as we made high of 9919 and did 2 target on upside and close above 10000.  Lets see How to trade Nifty in coming week as we approach the Monthly/RBI Policy and volatile time cycle from 31 Jul to 07 Aug.

Nifty Hourly Chart

As discussed in last analysis For coming week till we are holding 9830 bulls have upper hand and as soon as 9930 is broken we can see fast move towards 10000/10057. Below 9830 fall towards 9787/9710.
All target done on upside, for coming week above 10025 we can see fast move towards 10115/10157. Bearish below 9930 for a move

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Where Will Nifty Top Out In Current Bull market ?

Nifty is currently in a momentum bull market with Index Crossing 10000 and stocks flying as there is more tomorrow.
Many traders were asking my Opinion on the current bull market, I am reproducing the below post which I have discussed as part of my Yearly analysis on 20 Dec 2014.
Please go through the below link to read the post in detail
We have discussed on 20 Dec 2014 Post 
How much Nifty can rise in current bull market

Monthly

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Nifty continue its pullback from Gann Angle,EOD Analysis

• FII's sold 23.1 K contract of Index Future worth 1744 cores ,4.4 K Long contract were added by FII's and 27.6 K Short contracts were added by FII's. Net Open Interest decreased  by 22 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 at 2.8 Someone to Watch Over Me

• As discussed in last analysis  High made today was 10114 so nifty did another target of 10097, also today's high was near gann angle suggesting we might see pause in current uptrend, but safe shorts will be below 10000 for a move towards 9930/9860/9810. Fresh long above 10090 for a move towards 10250-10410 for August Series. Nifty broke 10000 made low of 9944 but failed to do target of 9930

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Bank Nifty Corrects from Gann Angle,EOD Analysis

As discussed in Last Analysis   So Bulls finally did the target of 25000, up 700 points from the time cycle low formed on 21 July. Vedic number of 24480 helped us in going long with confirmation above 24650 and did the final target of 25000. Now we are nearing the gann angle resistance move below 24800 can see correction towards 24480/24200. Bullish above 25000 for a move towards 25200-25284. Bank Nifty moved below 24800 but failed to do our target of 24480 as low made was 24651 and closed just above 24800. After 1000 point rally in 5 trading days bulls need some consolidation, so best way to do that is playing in range of 24480-25000 before RBI Policy on 02 Aug. Fresh longs should be taken above 25000 for a move towards 25200-25284. Bearish below 24624 for a move towards 24480-24300.    Someone to Watch Over Me

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Nifty corrects after touching gann angle,EOD Analysis

As discussed in last analysis   We made time cycle low on Friday on gann angle and rallied today this is how time analysis give an extra edge. Till we are holding 9930 we can rally till 10057-10090 where we have gann angle resistance. Bearish below 9930 for a move towards 9860/9810. High made today was 10114 so nifty did another target of 10097, also today's high was near gann angle suggesting we might see pause in current uptrend, but safe shorts will be below 10000 for a move towards 9930/9860/9810. Fresh long above 10090 for a move towards 10250-10410 for August Series. Bank Nifty does 25000 Holding 24480

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Do you know your Risk of Ruin in trading ?

As traders one of the most important but neglected topic is  Risk Management. If you want to become a consistent profitable trader risk management needs to be mastered upon.  It is what keeps us in the game as traders.
During my interaction with traders I am often surprised to find that many traders have no idea of what their Risks are. This involves Risk per trade, per day, per week/month and overall Risk of Ruin. Most traders are aware of Risk per trade or per day, however very few are familiar with Risk of Ruin.

What is Risk of Ruin?

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Nifty rallies holding time cycle low of 9830,EOD Analysis

• FII's sold 6.3 K contract of Index Future worth 519 cores ,3.2 K Long contract were added by FII's and9.5 K Short contracts were added by FII's. Net Open Interest increased  by 12.7 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 at 1.8 Are you trading on Luck or trading Skills ?

• As discussed in last analysis  We have new time cycle starting from 23 Jul as we have holiday so effect can be seen either tomorrow or Monday. Long above 9930 for a move towards 9969/10020. Bearish below 9830 for a move towards 9787/9710. High made today was 9925 and low made was 9838 so we continue to trade in range of 9830-9930, so gann angle support of 9830 continue to provide support to nifty bulls and with new time cycle starting from 24 July we can expect a breakout/breakdown soon. Long above 9930 for a move towards 9969/10020. Bearish below 9830 for a move towards 9787/9710.

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Will Bank Nifty pause its uptrend near 24476-24480 ?

As discussed in Last Analysis Time Cycle will change for bank nifty on 23 July as its is Sunday so we can see effect either tomorrow or Monday. High made today was 24389 and low made was 24066 so again bank nifty did not break and again did the target of 24120/24270. Now we are waiting for 24389/24480 to come. Till 24000 is not broken on closing basis, bank nifty bulls will have upper hand till we do not reach 24480-24500 range. High made today was 24460 so bank nifty did the remaining target of 24389 and almost did the 2 target of 24480. Now the range of 24476-24480 is very very important considered very sacred as per vedic math  Close above 24480 target comes at 24649/24760/24840/25000. Unable to do so we can see correction till 24260/24120/24000.  Bearish below 24000 for a move till 23830/23500. Are you trading on Luck or trading Skills ?

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Are you trading on Luck or trading Skills ?

Some describe trading as purely based on “LUCK” , “Tukka marna” as we call it in Hindi, but from my perceptive trading is all about “Skills” . Skills take time to develop. Take an Example of Engineer, To get an Engineering degree a student has to study for 6 years ( 2 Years for entrance…


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Price Time Squaring: Bharat F Just Dial ZEE

Bharat Finance

Positional Traders can use the below mentioned levels

Close above 784 Target 803/821

Intraday Traders can use the below mentioned levels

Buy above 784 Tgt

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Bank Nifty Weekly Forecast for July Expiry

Last Week we gave Chopad Level 24000 Bank Nifty gave Long Entry on Monday  and did the second target by Thursday ,so good week for Chopad followers.Lets see How to trade Bank Nifty in coming week.

Bank Nifty Hourly

As discussed in last analysis now bulls need a close above 24000 for a move till 24250/24500. Bearish below 23700 for a move towards 23500/23350.
24250 done, and for the whole week bank nifty

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Nifty Weekly Forecast for July Expiry

Last Week we gave Chopad Levels  of 9951,  Nifty did not gave long entry to Chopad Followers as we made high of 9928 and came back, After the impulsive move we were able to capture this week was no trade for chopad followers as our Chopad level did not trigger.  Lets see How to trade Nifty in coming week as we approach the expiry week and beginning of new time cycle.

Nifty Hourly Chart

As discussed in last analysis For coming week break of 9913 we can move towards 10000/10057/10100. Bearish below 9830 for a move towards 9750/9700.
Nifty did break 9913 on upside but failed

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Why I love Trading

ANYONE who works hard enough and smart enough can achieve both financial and personal freedom

YOU are the only one responsible for your success or failure. Every decision you make is solely up to you.
The stock market is a place where no one can tell you that you can’t buy this or aren’t allowed to buy that; everyone has complete freedom to exercise their choices and take their shot at conquering the market.
- ANYONE with a brokerage account and a little cash can play their hand at the stock market and achieve unlimited success from virtually anywhere in the world.  It doesn’t matter who you know, what color your skin is, what language you speak, what kind of education you have, what kind of financial background you have, what kind of

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Nifty continue to hold gann support of 9830,EOD Analysis

• FII's bought 2.1 K contract of Index Future worth 215 cores ,4.1 K Long contract were added by FII's and 1.9 K Short contracts were added by FII's. Net Open Interest increased  by 6.1 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 at 2 What goes around comes around

• As discussed in last analysis Bulls and bears are stuck in the range 9930-9830, more we consolidate in range better will be breakout or breakdown, We have new time cycle starting from 23 Jul as we have holiday so effect can be seen either tomorrow or Monday. Long above 9930 for a move towards 9969/10020. Bearish below 9830 for a move towards 9787/9710. High made

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Nifty Continue to trade in range of 9830-9930,EOD Analysis

• FII's sold 7.2 K contract of Index Future worth 539 cores ,3.5 K Long contract were liquidated by FII's and 3.7 K Short contracts were added by FII's. Net Open Interest increased  by 206 contract, so fall in market was used by FII's to exit long and enter short in  Index futures. FII's Long to Short Ratio at 2 Why do 90% of traders lose money?

• As discussed in last analysis  Low made today was 9851 and high made was 9905 so nifty did 9880 target today, Again gann analysis kept us above the curve, Nifty held on the gann angle and showed 70 points bounce, till we are holding gann angle low of 9830-9851 we should move up and made new life high at 9930. Above 9930 target are 9969/10000. Bearish below 9787 for a move towards 9710/9650 High made was 9922 bulls were still not able to cross 9930

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Bank Nifty Analysis as we approach End of Current Time Cycle

As discussed in Last Analysis  Till we are holding 23760 bulls can continue to move ahead and can take bank nifty towards 24120/24270/24389/24480, 24477-24480 is major resistance for bank nifty,  Bearish below 23700 for a move towards 23400/23100. High made today was 24300 so bank nifty again did 24270 and now is heading towards the next target of 24389/24480, 24477-24480 is major resistance for bank nifty,  Bearish below 23700 for a move towards 23400/23100. Time Cycle will change for bank nifty on 23 July as its is Sunday so we can see effect either tomorrow or Monday.  Why do 90% of traders lose money?

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Nifty bounces from Gann Angle,EOD Analysis

FII's bought 3.2 K contract of Index Future worth 206 cores ,2.1 K Long contract were added by FII's and1 K Short contracts were liquidated by FII's. Net Open Interest increased  by 1 K contract, so rise in market was used by FII's to enter  long and exit short in  Index futures. FII's Long to Short Ratio at 2.1 Can Retail traders make money in Stock market? As discussed in last analysis  We told below 9792 market will see change in trend low made today was 9792.05 and we saw a bounce back and close above 9820 which was gann angle support as shown in below chart, Now bulls needs to hold on to range of 9792-9787 which is time cycle low for a bounce back towards 9880/9930/9969/10000. Bearish below 9787 for a move towards 9710/9650. Low Continue Reading

Bank Nifty Continue to make life high, holding 24000

As discussed in Last Analysis  Bank nifty again did a close above 24000 even when nifty corrected almost 100 points, and in process did the next target of 24120. Now till we are holding 23760 bulls can continue to move ahead and can take bank nifty towards 24120/24270/24389/24480, 24477-24480 is major resistance for bank nifty,  Bearish below 23700 for a move towards 23400/23100. High made today was 24180 so bank nifty again did 24120 and now is heading towards the next target of 24270/24389/24480, 24477-24480 is major resistance for bank nifty,  Bearish below 23700 for a move towards 23400/23100.   Can Retail traders make money in Stock market?

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Nifty Continue to make new high,EOD Analysis

• FII's bought 3.8 K contract of Index Future worth 278 cores ,5 K Long contract were added by FII's and 1.1 K Short contracts were added by FII's. Net Open Interest increased  by 6.2 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 at 1.99.Important Points for Trading Success

• As discussed in last analysis  Bearish below 9610 only. As per time cycle till 9787 is held bulls can push nifty towards the scarocant figure of 10000 by 30 July. Till 9820 is held bulls are in control, bulls are in control and can push nifty towards 9936/9961/10000. Bearish below 9792 for a move towards 9700/9610. High made was 9928 so another target of 9936 almost done and bulls continue to close above 9900. Till we are holding 9830 bulls can move ahead and do the

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Bank Nifty does 24000 holding gann angle,EOD Analysis

As discussed in Last Analysis   Bank Nifty did a new life high above our breakout level of 23540 cool move of 400 points captured in 2 days based on time cycle ,now till we are holding 23716 we are heading towards 24025/24336. Bearish below 23700 for a move towards 23400/23100. Bank Nifty finally did our target of 24025 and closed above 24000, its was a fun ride in this current bull market with price and time analysis presented here hope readers were benefited and were able to mint some money. Till 23760 is held bulls can continue to move ahead and can take bank nifty towards 24120/24270/24389/24480, 24477-24480 is major resistance for bank nifty,  Bearish below 23700 for a move towards 23400/23100.Many traders want to short market as it has gone up significantly, but let the market show some sign of weakness else going against the trend can lead to big losses.  Important Points for Trading Success

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Price Time Squaring:Cipla India Cement Titan

Cipla

Positional Traders can use the below mentioned levels

Close above 552 Target 568/576

Intraday Traders can use the below mentioned levels

Buy above 552 Tgt

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Bank Nifty does 23964 in Impulsive Cycle,Weekly Forecast

Last Week we gave Chopad Level 23500 Bank Nifty gave Long Entry on Monday  and did the third target by Thursday ,so good week for Chopad followers.As we have been discussing we are in impulsive time cycle and we got the expected 4% move in index in last 2 weeks, So time cycle worked till perfection. Lets see How to trade Bank Nifty in coming week.

Bank Nifty Hourly

As discussed in last analysis For coming week above 23540 bulls need move above 23750/24000.  Bearish below 23100 for a  move towards 22900/22650/22450.
23963 done,now bulls need a

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Will Nifty Hit 10000, Weekly Forecast

Last Week we gave Chopad Levels  of 9686,  Nifty gave Long Entry on Monday  and did the third target by Thursday ,so good week for Chopad followers.As we have been discussing we are in impulsive time cycle and we got the expected 4% move in index in last 2 weeks, So time cycle worked till perfection. Lets see How to trade Nifty in coming week. 

Nifty Hourly Chart

As discussed in last analysis For coming week bullish above 9686 for a move towards 9720/9790.  Bearish below 9600 for a move towards 9520/9470.
Low made was 9600 so bulls protected

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Nifty make new life highs holding time cycle low

• FII's sold 3.7 K contract of Index Future worth 310 cores ,2.5 K Long contract were liquidated by FII's and 1.2 K Short contracts were added by FII's. Net Open Interest decreased  by 1.2 K contract, so fall in market was used by FII's to exit long and enter  short in  Index futures. FII's Long to Short Ratio at 1.97, lowest in the series. Who says meditation is a waste of time?

• As discussed in last analysis  Bearish below 9610 only. As per time cycle till 9787 is held bulls can push nifty towards the scarocant figure of 10000 by 30 July.  Low made today was 9853 so nifty opened gap up above 9830 and rallied all the way till 9897, now bulls are holding 9830 we can move towards 9936/9961/10000. Bearish below 9792 for a move towards 9700/9610. Time cycle turn date of 12 July again helped in capturing good move in market. Till 9820

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Bank Nifty does life High holding gann angle,EOD Analysis

As discussed in Last Analysis   High made today was 23938 so bulls continue to rally, now next levels to watch out are 24025-24048, above which we can move towards 24144/24389 which is the target of this move as per below chart. bearish below 23472 for a move towards 23300/23150. Bank Nifty did a new life high above our breakout level of 23540 cool move of 400 points captured in 2 days based on time cycle ,now till we are holding 23716 we are heading towards 24025/24336. Bearish below 23700 for a move towards 23400/23100.  Who says meditation is a waste of time?

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Quiz: How strong is your Trading Psychology

Here is a quick checklist:
A) Does your problem occur outside of trading? For instance, do you have temper and self-control problems at home or in other areas of life, such as gambling or excessive spending?
B) Has your problem predated your trading? Did you have similar emotional symptoms when you were young or before you began your trading career?
C) Does your problem spill over to other areas of your life? Does it affect your feelings about yourself, your overall motivation and happiness in life, and your effectiveness in your work and social lives?
D) Does your problem affect other people? Do you feel as though others

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Trading Wisdom by Larry Hite & Marty Schwartz

Larry Hite

While the speculator doesn’t have the product knowledge or speed, he does have the advantage of not having to play. The speculator can choose to only bet when the odds are in his favor. That is an important positional advantage.

In the above quote, Larry is referring to the fact that smaller retail traders have the advantage of being able to sit out an wait patiently for the best opportunities. Bigger institutional traders have to trade more and whilst they might have a speed advantage, the retail trader has to use his advantage of being able to trade like a sniper to its fullest.

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Nifty saw small pullback after doing 9830,EOD Analysis

• FII's bought 1.5 K contract of Index Future worth 93 cores ,2 K Long contract were added by FII's and 521 Short contracts were added by FII's. Net Open Interest increased  by 2.5 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 at 2.6  What needs to be avoided to become Successful trader

• As discussed in last analysis Low made today was 9646 and high made was 9782 so finally squaring of space showing its color, bulls were able to hold 9645 and as soon as 9720 was broken we had a big rally on upside almost doing our target of 9720. When Price and time are by your side big moves are easy to capture as I have been indicating in my posts about impulsive time cycle. Now Bulls

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Bank Nifty continue to hold 23540,EOD Analysis

As discussed in Last Analysis  As we have been discussing gann analysis gives you an extra edge as we have been discussing till 23300 is held bulls are in control and breakout above 23540 which did are 2 target today 23630/23720 and now bulls will wait for 2 target of 23900-24000. Bearish below 23300 for a move towards 23150/23000. Also the impulsive cycle at work we are up 500 points from the low made of  23254 before start of the cycle. Bank Nifty consolidated in small range today and till 23540 is held we can again head towards 23630/23720. Low made today was 23554 so bulls held on to 23540 as shown in below chart near gann angle. Bearish below 23300 for a move towards 23150/23000 What needs to be avoided to become Successful trader

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What needs to be avoided to become Successful trader

As a trader we need to do constant improvement, as trading is an evolving filed and we need to adjust ourself based on changing market conditions. To be best we just need to avoid doing mistakes, the more we minimize our mistake better we will become. Below we have listed few mistakes which if avoided can take you to the path of successful and profitable trading

• Over Trading : Traders trade too much based on emotion not on a trading plan. Probability of making money increases when you trade less not more.
  

• Trend Fighters : Traders tend to be trend fighters

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Bank Nifty does 23720 breaking gann angle,EOD Analysis

As discussed in Last Analysis   Close above todays high 23540  will lead to breakout in  Bank Nifty for next move towards 24000 as shown in below chart, Low made today was 23400 and high made was 23492 so bank nifty formed an inside bar pattern. Bullish above 23540 for a move towards 23630/23720/23900.  Bearish below 23300 for a move towards 23184/23040. As we have been discussing gann analysis gives you an extra edge as we have been discussing till 23300 is held bulls are in control and breakout above 23540 which did are 2 target today 23630/23720 and now bulls will wait for 2 target of 23900-24000. Bearish below 23300 for a move towards 23150/23000. Also the impulsive cycle at work we are up 500 points from the low made of  23254 before start of the cycle. The Confident Trader

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The Confident Trader

Rahul  tells his friend, "I'm staying out of the markets for a few days."
"Why?" asks Raman.
"I can't trade under these conditions. I'm going to wait for the markets to change," answers Rahul.
"What a lack of confidence," Raman taunts.
"Maybe, but I'd rather be safe than sorry," Rahul retorts.
Does Rahul actually have a lack of confidence? Just because Rahul doesn't want to trade under market conditions that are not suited to his method does not mean that he lacks confidence. He may be showing a sense of heightened self-awareness. It is possible that he is acknowledging that he lacks the skill to trade under current conditions and that he would rather prudently stand aside than jump impulsively into market conditions that he can't trade. Sometimes, a high level of confidence can be defined as realistically knowing what you can and cannot do. According to this definition, how confident are you?
Many people confuse true self-confidence with false self-confidence. The confusion arises when high self-confidence is equated with high levels of ability, like the popular stereotype of a skilled, seasoned trader. A seasoned, master trader knows how to trade in a variety of market conditions, and thus, has high trading ability. He or she may have both high levels of skill and confidence in that he or she has mastered a variety of market conditions


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Nifty formed Inside day Pattern,EOD Analysis

• FII's sold 10.8 K contract of Index Future worth 761 cores ,5.5 K Long contract were liquidated  by FII's and 5.3 K Short contracts were added by FII's. Net Open Interest decreased  by 221 contract, so fall in market was used by FII's to exit long and enter  short in  Index futures. FII's Long to Short Ratio at 3.2  You're on your own.

• As discussed in last analysis Bullish above 9645 for a move towards 9710/9790. Bearish below 9580 for a move towards 9520/9480. High made today was 9684 and low made was 9642 so bulls again closed above 9645

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Bank Nifty forms Inside Bar Pattern,EOD Analysis

As discussed in Last Analysis    Low made today was 23369 and high made was 23540 so bank nifty did our target of 23460 and closed above 23460 suggesting bulls are having upper hand and can push bank nifty towards 23630. Close above todays high 23540  will lead to breakout in  Bank Nifty for next move towards 24000 as shown in below chart, Low made today was 23400 and high made was 23492 so bank nifty formed an inside bar pattern. Bullish above 23540 for a move

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Nifty continue to do Squaring of Space, Impulsive move coming

• FII's bought 2.3 K contract of Index Future worth 164 cores ,1.1 K Long contract were added by FII's and 1.1 K Short contracts were liquidated by FII's. Net Open Interest increased  by 17 contract, so rise in market was used by FII's to enter  long and exit short in  Index futures. FII's Long to Short Ratio at 3.37  Things that Damage Your Trading Account

• As discussed in last analysis  Nifty Bulls again failed to close above 9624 but also protected 9680, As per current technical structure nifty is doing squaring of space and when it happens we see impulsive move in next 1-2 days ,Bulls will get active above 9624 for a move towards 9710/9790. Bearish below 9580 for a move towards 9525/9480. Nifty closed above 9624 but

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Bank Nifty Bulls rallies holding Gann Angle

As discussed in Last Analysis   Low made today was 23163 so bulls protected gann angle again.Bulls should target now 23460/23630 till we are holding the gann angle and also 23100. Bearish below 23100 for a move 22900/22620. As per time cycle analysis we should see impulsive move in next 1-2 days. Low made today was 23205 so bank nifty bulls again protected gann angle as shown in below chart,High made was 23380 still not doing out first target of 23460, hopefully should be done by tomorrow. Any close above 23460 can see next upmove towards 23630. Bearish only on close below 23100.   Things that Damage Your Trading Account

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How can one make Money from Trading

Its been a roller coaster rise from past few trading session and many traders asked me “Can money be made in trading ?” Let me try to answer the same. Trading is always a high return high risk game and it needs nimble trading approach with tons of discipline. Traders say its  the Big traders…



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Nifty Weekly Forecast for 03-07 July

Last Week we gave Chopad Levels  of 9626,  Nifty gave Short Entry on Monday  and did the third  target by Wednesday,so good week for Chopad followers. Lets see How to trade Nifty in coming week. 

Nifty Hourly Chart

For coming week bullish above 9535 for a move towards

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Bank Nifty Weekly Forecast for 03-07 July

ave Chopad Level 23616 Bank Nifty gave Short entry on Monday and did the third  target by Wednesday so good week for Chopad followers.Lets see How to trade Bank Nifty in coming week

Bank Nifty Hourly

As discussed in last analysis  coming week Holding 23500 we can see rise till 23860/24000. Bearish below 23500 for a move towards 23320/23290.
All target done on downside Now for coming week, We are in

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