Nifty ready for momentum move,FII FnO Data Analysis

• FII's sold 21.9 K contract of Index Future worth 312 cores,6.9 K Long contract were added by  FII's and 15  K  short contracts  were added by FII's. Net Open Interest increased  by 8 K contract so today's consolidation was used by FII's to add majority shorts in Index Future. How Traders can Optimize Trading Mindset Part-II

• Nifty continue with its range contraction which is healthy for market  as we have 2 weeks of wild moves, range contraction also suggests breakout/breakdown of large magnitude is on cards in near future, which side we will cover in analysis going forwards. Gunner is still positive quadrant till holding above 1*1 gann line for bulls to get in momentum As we have been discussing the whole important  pyrapoint number of 8427 , Nifty still has not been able to close above it.  Range contraction in hourly charts with band of support and resistances are shown in below chart. Tomorrow is all important gann date so trade cautiously.
  

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How Traders can Optimize Trading Mindset Part-II

In Continuation of Part -I

Build

You should have back tested and trusted trading system, rather than plucking one from the internet. I know it's very tempting to simply copy the trading system of some (supposedly) successful trader, and it might very well be a very profitable strategy but the fact that it works for them, doesn't mean it will work for you.
The best thing to do is to take note of those strategies and let other traders tell you what works for them, to see which parts really resonate with you. Borrow bits and pieces from other people's trading strategies, but only to mold them into a strategy that is customized to your trading personality, financial circumstances and time schedule.
If you are a hobby trader and just want to stay in the market without losing too much, you don't have to spend years building your system, but if you are committed, if you are serious, if you want to achieve financial freedom, than it might take you years before you have build and fine-tuned a successful trading system of your own.
Do you think that's a little long? How about if you were starting a business and someone told you it might take you three to four years before it'd

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Adani Port,Arvind and Bharat Forge Price Channel Analysis

 Adani Port

Intraday Traders can use the below mentioned levels

Buy above 343 Tgt..

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Nifty forms NR21 pattern, FII FnO Data Analysis

• FII's bought 37.2 K contract of Index Future worth 853 cores,40.2 K Long contract were added by  FII's and 3  K  short contracts  were added by FII's. Net Open Interest increased  by 43.2 K contract so today's rise was used by FII's to add majority longs   in Index Future. How Traders can Optimize Trading Mindset Part-I

Nifty has formed Narrowest Range in past 1 trading session also known as NR 21 pattern , which suggests breakout/breakdown of large magnitude is on cards in near future, which side we will

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How Traders can Optimize Trading Mindset Part-I

How to become a profitable trader has far more to do with mindset than with a specific trading strategy. In fact, no  trading strategy can be profitable if a trader has the wrong mindset.
Today we will discuss How traders can optimize their  trading mindset

Trading Goals

This really is the kind of principle that should play a role in every major endeavor you undertake. When you set out on a new path, it helps to set clear, definable goals to guide you. If you set no goals at all, or vague goals, you don't have anything to benchmark against. Clear goals help you stay the course on the road to success. Make Realistic Goals not unrealistic goals like doubling trading capital in a month. Read more on Setting Trading Goals

Realism

This second principle goes hand in hand with the first. Many beginning traders do set goals, only they're not very realistic. Setting the goal of making 10,00,000 annual profit with a trading capital of 1,00,000 is very enthusiastic, ambitious and optimistic - all very likable qualities - but these goals are  mission impossibles. And since failing to reach a goal is very demotivating, there's really no reason to set goals that are ridiculously hard to achieve.
To make sure you set realistic trading goals, you should answer the following questions for yourself:
• How much money can you trade ? Your financial goal is partially based on the amount you have available for trading.
• How much time can you devote