1. Caution. Excitement (and fear of missing an opportunity) can often persuade you to enter the market before it is safe to do so. After a downtrend, a number of rallies may fail before one eventually carries through. Likewise, the emotional high of a profitable trade may blind us to signs that the trend is… Read More »
Reliance Reliance after breaking out of its Flag pattern has shown 4% rally and formed a DOJI pattern yesterday signalling a good move is on the cards.Stock has closed above its congestion zone of 903 and can see an upmove till 950 odd levels. Buy above 921 Tgt 926,932 and 940 SL 917 Sell below… Read More »
Nifty Opened Gap up consolidated and saw did gap filling, and the effect of DOJI candle was seen with nifty closing well above the last swing high of 6030. Nifty 3 days before had a fall due to RBI rate hike and 3 days after that we are trading almost at same level. This is… Read More »
Psychology matters more to trading or investing than perhaps any other income-producing activity. Here are some quotable quotes from some well known industry participants highlighting that reality… Anyone who claims to be intrigued by the “intellectual challenge of the markets” is not a trader. The markets are as intellectually challenging as a fistfight. Ultimately, trading… Read More »
TCS TCS will be coming with its results on Tomorrow evening. Stock has been on dream rally in spite of rupee falling from the high of 61.Stock made a fresh high of 1685 today. Negative divergence can be seen in RSI,Stoch. TCS is also approaching its Gann Fan resistance of 1716. Positional traders keep an… Read More »
FIIs bought 6778 Index Future worth 220 cores with net Open Interest increasing by 14986 contracts.FII again went Longs of Nifty Futures. Ben Bernake speech is out and here are the highlights of Speech which world markets are watching. *BERNANKE SAYS PACE OF BOND PURCHASES NOT `ON A PRESET COURSE’ *BERNANKE SAYS FED MAY TAPER… Read More »
Good traders are able to identify opportunities in the market, plan trades, execute trades, and manage trades at a reasonable level. A good trader identifies the opportunity, plans the trade, and executes the trade. He takes his losses with discipline. One might think that Bad traders are similar to good traders but just better. The… Read More »
IndusInd Bank IndusInd bank saw an 8% fall yesterday falling near its short term rising trendline and its 100 DMA also.Breaking of support of 461 and closing below it .Stock can see a pullback till 432 in short term. Buy above 473 Tgt 479,484 and 489 SL SL 470 Sell below 460 Tgt 456,451 and… Read More »
FIIs sold 9277 Index Future worth 264 cores with net Open Interest decreasing by 5265 contracts.FII booked profit in Longs of Nifty and Bank Nifty futures, No shorts were taken.Notable Quotes from Market Wizards Nifty Opened Gap down of 100 points after RBI decision in hiking interest rates to save rupee. Nifty downfall gave us… Read More »
Few Important quotes which can keep you going into this amazing field of trading: Tony Saliba “How do you lose money? It is either bad day trading or a losing position. If it’s a bad position that is the problem, then you should just get out of it.” “Clear thinking, ability to stay focused, and… Read More »