Tuesday, May 3

Asian Paint Bharti Airtel and Bank Baroda Supply demand Analysis

Asian Paint

asain paints

Positional/Swing Traders can use the below mentioned levels

Close above 860 Tgt 843

Intraday Traders can use the below mentioned levels

Buy above 865 Tgt



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Nifty closes below 7850, EOD Analysis

FII
  • FII's sold 23.6 K contract of Index Future worth 1340 cores ,16.1 K Long contract were liquidated by FII's and 7.5  K short contracts were added by FII's. Net Open Interest decreased  by 8.5 K contract, so fall in market was used by FII's to exit long and  enter  shorts in  Index futures. Qualities professional trade needs to develop
As discussed in last analysis   If we close above 7850 on weekly basis can see move back to 7950-7972 range and weekly close below 7850 can see move towards 7750-7700.  Nifty made low of

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Monday, May 2

Bank Nifty ready for big move,EOD Analysis

  • Bank Nifty is unable to close above the gann green arc and 16800 level, also unable to close below 16500 suggesting fight is on between bulls and bears, break of 16500 can see move towards 16350/16188 and break above 16800 can see fast move towards 17000.  Qualities professional trade needs to develop
Daily Gunner


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Qualities professional trade needs to develop

Trading is not an easiest job to do,as it requires year of practice with control over emotions over a period of time to be profitable on consistent basis.  Let me share my experience what qualities a trader require to be a professional day trader

Never Buy Auto Buy and Sell  Software

Most of traders are interested in Buying AFL for Amibroker , Program from Metastock   which gives automatic Buy and Sell signal. What looks so easy is the most difficult thing to follow.  Think logically if it was so simple buying a software program and to trade why 90% of trader lose money doing day trading ?
The biggest problem with such software is they cannot adapt for changing market conditions, as they cannot be tweaked once you have purchased and which lead to huge losses to traders. Some program can perform great when Volatility is high but fails miserably  when volatility comes down .


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Sunday, May 1

Last Week we gave Chopad Level 16800 Bank Nifty gave Long entry on Tuesday which did 1 target on Monday Longs taken got Stopped out on Thursday and Shorts initiated on Thursday did 2 target on downside low made was 17527 which was near our 2 target of 17500. Lets analyses how to trade Bank nifty in coming week, Will the age old adage , "SELL IN MAY AND GO AWAY" hold true in May month.


Bank Nifty Hourly

gann circle


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