I am Looking at FII OI data Sheet for 17 No, I have made the following Interpretation. Let me go by Disclaimer these Observation should not be used as Trade recommendation in NF 1. FII sold 44130 Contracts in NF worth 1076 Cores in Index Futures with Open Interest Increasing by 57640 contracts. Now this… Read More »
Nifty after long time made wild and volatile swings accompanied by Heavy volumes. Yesterday 5.54 Lakhs contract were traded in NF and maximum volume came in last half hour where Nifty made a move of 130 points (50 points down and 80 points up) in matter of 30 mins. The whole game was played by… Read More »
Bank Nifty Bank Nifty is near its crucial support of 9000 which comes as an trendline support break of the same will lead to 8774 levels again and break of swing low of 8626. Buy above 9152 Tgt 9242,9320 and 9398 Sell below 9062 Tgt 9000,8906 and 8818 Infosys Infosys is forming a lower… Read More »
Nifty Daily Nifty has been correcting 5 days in a row forming lower lows and as per SGX Nifty we will open around 5020-5030 levels On daily charts Nifty seems to be doing the repeat 08 July as shown in above chart. It touched 200 DMA Started Correcting till 50 SMA Bounced back again to… Read More »
“I know it may sound strange to many readers, but there is an inverse relationship between analysis and trading results. More analysis or being able to make distinctions in the market’s behavior will not produce better trading results. There are many traders who find themselves caught in this exasperating loop, thinking that more or better… Read More »
A common phase for newer or struggling traders is to become fixated on a particular view, possibly becoming a little too rigid in their approach. I’m not advocating a wishy-washy approach here, just pointing out that the market itself is not moved by precision and logic, but by perception and emotion. Successful discretionary trading requires… Read More »
Discipline – Majority of traders are not disciplined in their approach, else they would not be failing. These failed traders simply hate to hear the word Discipline! As Jack Schwager points out in his book, ‘The New Market Wizards’, “Discipline was probably the most frequent word used by the exceptional traders that I interviewed. Often… Read More »
Over the years, I have seen several people (including myself) lose fortunes while trading sucks, and I’ve found that invariably, it would be for the same reasons. Such reasons appear mostly psychological and occur often in the trading scene. It is a known fact 80% of traders lose money and 20% makes profits on the… Read More »
World Market throughout the globe were down between 2-4% today and the shock waves epicenter being ITALY . Italy’s ten-year bonds and 5 -year bond yields went above the 7% level which has marked the point of no return for other countries that required bail-outs. That suggests that their real worry is that Italy won’t… Read More »
Trading is a process of continuous learning. If a trader pays close attention to what was done wrong or could have been done differently in past trades, a trader can greatly improve future performance. For example, a trader may notice that there is some commonality in certain trading situations. In fact, by doing a postmortem… Read More »