Tata Motors Ambuja Cement and PNB Supply Demand Analysis

Tata Motors

Intraday Traders can use the below mentioned levels

Buy above 506.5 Tgt

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Bank Nifty fails to close above 19000,EOD Analysis

• As discussed in past analysis  Now Bulls need to close above 19160 for next move towards 19376, bears are active  below 18711 only Bank Nifty made high of 18044, low of 18814. Holding 18780/18810 Bulls can make one more attempt to close above 19000. Bulls will be active above 19160 and bears below 18711 in between again sideways range.  Common Trading Mistakes

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Nifty held on to 8577,EOD Analysis

• FII's bought 5.7 K contract of Index Future worth 394 cores ,39.1 K  Long contract were added by FII's and 33.3 K short contracts were added by FII's. Net Open Interest increased  by 72.4 K contract, so fall in market was used by FII's to enter long and enter shorts  in  Index futures. Trading Lesson Learnt From my Trading Guru Part-II

 As discussed in Yesterday Analysis   Now the zone of 8654-8677 is crucial supply zone, closing above 8677 level again can see fast move till 8849. We have resistance zone at every 100-150 points as market has spend lot of time in this range during the 2015 year. Bearish on close below 8490 only. High

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Common Trading Mistakes

Trading is a Skill and it takes time to develop the Skill.Trading is simply like learning to drive a car, it is a skill that anyone can learn. Trading doesn't take extreme intelligence , it simply is hard work, determination and lot and lot of sincerity.
Any person who need to become master of a particular skill needs to work on his weakness. Same apply to trading. One advantage of trading is most of traders have the same weakness, Person needs to realize the weakness and work on it to get rid of them. Let me discuss few generic trading weakness and how to get rid of them.
1. Trading very frequently.

How many times have you had a profitable week, only to give it all back at the end of the week on a few trades? Once traders losses
The other common problem with

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Nifty forms Weekly Doji, Weekly Forecast

Last Week we gave Chopad Levels  of 8577, Nifty gave Short entry on Monday made low of 8494 near our target of 8500, again gave opportunity on Thursday as High made was 8585 and again did the 1 target of 8500 on Friday. Last Week Chopad Level of 8577 was major hurdle for bulls. Lets analyze Will Bulls will be able to break the wall of 8577 in coming Expiry Week.

Nifty Hourly Chart

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