Nifty Bulls bounces ferociously holding 9930,EOD Analysis

• FII's bought 4.8 K contract of Index Future worth 262 cores ,9.7 K Long contract were added by FII's and 4.8 K Short contracts were added by FII's. Net Open Interest increased  by 14.6 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 1.41.  Are You a trader and a gambler

• As discussed in last analysis    As today was TC date so we saw volatile move, still we did not break 9930 so bulls can again come back tommrow. Till 9930 is held bulls are in control rally till 10090/10130/10180. Bearish below 9930 for a move towards 9810. Low made was 9977 and yesterday was 9955 so bulls protected 9930 and we saw the trend change move on new time cycle date and did the 1 target of 10090 and hopefully we will see move towards

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Are You a trader and a gambler

When I started trading back in 2000, like most novice, traders I was actually gambling. I was luck that I found my Trading Guru who helped me in this difficult journey.

 

Traits of a gambler:  I did most of this in my early days so speak from experience

1. Failing to follow strict money management rules
2. Having no fixed strategy,Jumping from 1 strategy to another.
3. Not keeping a trading journal
4. Over trading and Over Leveraging
5. Trying to “win back” losses
6. Trading in Options to make big money overnight

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Nifty Weekly Technical outlook for Pre-Diwali week

Last Week we gave Chopad Levels  of 9846,  Nifty gave Entry as per Chopad Level Tuesday as low made was 9831 and closed at 9856 and low made on time cycle date 04 Oct was 9850, Chopad Followers were rewarded handsomely as Nifty  did 2 target on upside.   Lets see How to trade Nifty in coming week. Hope readers are getting benefited with the time cycle analysis.

Nifty Harmonic

As discussed in last analysis 9875 is PRZ zone, close above it we can see rally towards 9930/10030.


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Bank Nifty bounce from lower end of range,EOD Analysis

As discussed in Last Analysis   Low made was 24033 and high made was 24188 so the range of 23963-24270 is still maintained. Bullish above 24270 for a move till 24358/24510/24700. Bearish below 23960 for a fall till 23800/23650.  price is stuck in gann arc/gann angle, so impulsive move round the corner, Time Cycle effect of 04 Oct will be seen in next 2-3 days. Low made was 24074 and high made was 24242 so the range of 23963-24270 is still maintained. Bullish above 24270 for a move till 24358/24510/24700. Bearish below 23960 for a fall till 23800/23650.Price again bounced from the lower end of gann angle but still unable to break the range. Trade the range buy low sell high with SL till range breaks. Take responsibility for your actions.

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Nifty Bulls still unable to close above 9930,EOD Analysis

• FII's sold 5.8 K contract of Index Future worth 490 cores ,4.2 K Long contract were liquidated by FII's and 1.6 K Short contracts were added by FII's. Net Open Interest decreased  by 2.5 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 1.33.  Do You Stick to Losing Positions in Trading ?

• As discussed in last analysis   High made today was 9938 so bulls were unable to close above the zone of congestion and also upper end of gann angle, today time cycle effect should be shown in next 2 days,Bulls need close above 9930 for a move towards 10000/10090/10170, Bearish below 9900 for a move towards 9860/9810/9750. We can see price time squaring based on today high of 9933 and time cycle of 04 Oct.  High made today was

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