Monday, May 23

How trading brain Works ?

Many readers have asked me the following question:
“what we are watching and what we are doing is totally opposite ?”
"What we would like to act and trade  and we do something reverse than that as soon as we see the trading terminal! "
"I do plan ,than trade but anyhow it goes unfollowed unknowingly !"
This is a common phenomenon in the loss making traders and let me elaborate what causes this problem and how can one avoid it.
Most traders spend a large amount of time fighting themselves on the path to trading success, often without fully realising what it is they are fighting against.
So what are we fighting against

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Just Dial ITC and Cipla Supply Demand Analysis

Just Dial

 Just Dial

Positional/Swing Traders can use the below mentioned levels

Close above 768 Tgt 823

Intraday Traders can use the below mentioned levels

Buy above 768 Tgt


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Sunday, May 22

Bank Nifty close below 16500,Weekly Forecast

Last Week we gave Chopad Level 16650 Bank Nifty gave Long/Short  entry on Monday and did all 2 target on upside and 1 target on downside thus rewarding discipline chopad followers by 350 points. Lets analyses how to trade Bank nifty in coming expiry week.


Bank Nifty Hourly

gann circle

 Coming week, break of 16500 can see move towards 16245/16100. Bullish only above 16792 for 17000/17200.

Bank Nifty Harmonic


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Nifty close below 7850 and 7777,Weekly Forecast

Last Week we gave Chopad Levels  of 7777 , Nifty gave Long entry on Monday did 2 target on upside by Tuesday. Lets analyses how to trade nifty in coming expiry week, We have 2 down weeks and 1 up week in May as of today.

Nifty Hourly Chart

nifty hourly
As discussed in last analysis  I have drawn Angle Wedge chart on HOurly chart which suggest support is range of 7777-7740 and below that can see fast fall till 7600, Bullish till we held on to 7800 for move till 7921-7950.
Low made on MOnday was 7772..
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Nifty close below 7777,EOD Analysis

FII
  • FII's sold 751 contract of Index Future worth 44.9 cores ,4.1 K Long contract were liquidated by FII's and 3.3 K short contracts were liquidated by FII's. Net Open Interest decreased  by 7.5 K contract, so fall in market was used by FII's to exit long and shorts  in  Index futures.Impossible Is Nothing
As discussed in last analysis Close below 7777  can see nifty going till 7678/7546 in coming session, We got the close below 7777, and also close
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