Traders must be flexible about their opinions and change them when proven wrong but they must be rigid about their risk management and never risk more than planned. JSW Steel JSw Steel is near its trendline resistance 776, If stock is able to cross can see a breakout , Volumes should hold the key. Buy… Read More »
FDI in multi brand retail was passed in Lok Sabha where 218 votes against the FDI, there were 253 votes in the favour of the government’s move. Politics being a dirty game again got proved where 2 major parties opposing FDI in multi brand BSP and SP abstained from voting. News was no surprise for… Read More »
1. OPTIMISM – It all starts with a hunch or a positive outlook leading us to buy a stock. 2. EXCITEMENT – Things start moving our way and we get giddy inside. We start to anticipate and hope that a possible success story is in the making . 3. THRILL – The market continues to… Read More »
“The market must…”, “I must make money”, or “I must trade”. The market does not have to do anything and neither do you. When you use the word “must” it is hardly ever from a position of strength. The market knows when you are desperate and will take full advantage of you. Keeping your expenses… Read More »
1. FIIs sold 8967 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 251.05 cores with net Open Interest increasing by 4927 contracts. 2. As Nse Nifty Future was up by 2 points with Open Interest in Index Futures increasing by 4927, so FIIs booked profits in longs of Nifty and… Read More »
Once you are in a trade the question quickly rears its head: How and when do you get out of the trade at a profit? Setting targets has to be one of the most important elements of your trading strategy. Targets can be time-based (”I’ll stay in the trade for three weeks”) Technically-based Depending on… Read More »
BHEL BHEL is near its 200 DMA and crossing over the same can above 240 can see a quick move till 245-250 Buy above 240 Tgt 243,247 and 248 Sell below 236 Tgt 234,232 and 229 GVK PIL GVK PIL bounced from 12-14 and is near its important resistance of 200 DMA @14.3. Any… Read More »
1. FIIs sold 8967 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 251.05 cores with net Open Interest increasing by 4927 contracts. 2. As Nse Nifty Future was up by 2 points with Open Interest in Index Futures increasing by 4927, so FIIs booked profits in longs of Nifty and… Read More »
Losing discipline is not a trading problem; it is the common result of a number of trading-related problems. Here are the most common sources of loss of discipline, culled from my work with traders: Boredom cause a lack of focus:What market we are witnessing in October Series , Choppy market with range bound trading from… Read More »
Indian Markets finally gave a 4.5% rally which we have discussed in last week analysis as per Moving Average Forecasting method. On Macro front Not much has changed with the continuing political impasse, GDP growth at three year low of 5.3 per cent for the September quarter and rupee on a downward spiral. But that’s… Read More »