“The ability to accept the many ups and downs of the market is one of the most important skills a trader can have.” This is an Apt one liner on what happened on Friday at 2:30 PM. “Flash Crash” happened in NF The Nifty futures crashed over 300 points in afternoon trade, Nifty April futures… Read More »
Having confidence in a trade is easy. You do not know what is going to happen, blinded by opportunity. Every trade is new. Easy to convince yourself that this time it will be a winner. This takes no effort other than convincing yourself. This is what is described in first circle. You can look at… Read More »
Below is my Interpretation of FII OI data Sheet for 19-Apr-12. 1. FII bought 26250 Contracts of NF worth 653.11 cores OI also increased by 23040. 2. As Nifty Futures was up by 33 points and OI has increased by 23040, ie.Rise in Price with Rise in Open Interest,Fresh longs were added by FII. 3.… Read More »
Ambuja Cement Multiple support near 156 and cluster of resistance in range of 168-170 zone Buy above 171 Tgt 174,176 and 178.8 Sell below 165.6 Tgt 163.8,160.3 and 158 Reliance Symmetrical Triangle Formation i RIL before its Result. Trading above 20 SMA is bullish for the stock. Buy above 757 Tgt 763,770 and… Read More »
Below is my Interpretation of FII OI data Sheet for 19-Apr-12. 1. FII bought 22667 Contracts of NF worth 589.47 cores OI also increased by 20869. 2. As Nifty Futures was up by 3 points and OI has increased by 20869, ie.Rise in Price with Rise in Open Interest,Fresh longs were added by FII. 3.… Read More »
Traders come to the markets with great expectations, but few make profits and most wash out. A successful trader must hop over several high hurdles—and keep hopping. Being better than average is not good enough—you have to be head and shoulders above the crowd. You can win only if you have both knowledge and discipline.… Read More »
Below is my Interpretation of FII OI data Sheet for 17-Apr-12. 1. FII bought 20582 Contracts of NF worth 503.41 cores OI also increased by 17768.Surprise Rate cut of 50 BPS is a welcome booster for Bulls. Listless market which was lacking triggers got a boost of liquidity from RBI 2. As Nifty Futures was… Read More »
In any particular trade you never really know how far prices will travel from any given point. If you never really know where the market may stop, it is very easy to believe there are no limits to how much you can make on any given trade. From a psychological perspective this characteristic will allow… Read More »
Below is my Interpretation of FII OI data Sheet for 16-Apr-12. 1. FII sold 12620 Contracts of NF worth 333.58 cores OI also decreased by 400. FII going into RBI credit policy with lighten positions. 2. As Nifty Futures was up by 27 points and OI has decreased by 400,FII have liquidated there longs.Rise in… Read More »
Trading will stress your feelings. To survive and succeed, you will need to develop a sound trading psychology. Trading will challenge your mind. To gain an edge in the markets,you will need to master good analytic methods. Trading will demand good mathematical skills. A math illiterate who can’t manage risks is guaranteed to bust out.… Read More »