Different shapes and forms. Failure comes in all different shapes and forms. The distance you fall after a failure, time it took to get to the failure,and whether you get back up determines that shape and form. I realize there are a million posts on why failure is important but success is important, especially in trading.… Read More »
Reliance Capital Reliance Capital has been going above the Fibo Fans for a day and than again pulling back. If this trend continues today or tommrow it should give a pullback. Positional traders keep an eye of 343 levels on closing basis any close above it will target 364 and 377 in July Series. BUy… Read More »
Last week we gave Trend Deciding level as 5720 Nifty achieved 3 weekly targets on upside made exact high at 3 weekly target of 5852 🙂 and 2 target achieved on downside.Hope traders are able to mint money on both sides. This is what i have said last week analysis Its has been observed for… Read More »
I have had many readers through the years and students of my trading course –most of whom were less-experienced traders–tell me that at some point in the future they planned to quit their 9-5 jobs and become a full-time trader. Traders who have recently entered market and made good money also plan to become a… Read More »
To achieve the impossible dream, try going to sleep…Joan Klempner Healthy Body keeps an Healthy Mind. Traders are notorious for having bad sleep habits. Many stay up into the early hours of the morning watching, studying or trading overnight, then struggling to stay awake during the day to trade the regular session. To trade well… Read More »
Cipla Cipla after breaking its medium term trendline has been consolidating below it,Yesterday gave an upmove after days of consolidation but unable to close above the trendline resistance and also its 200 DMA @ 391. Close above 391 can lead to target of 411 in medium term. Buy above 388 Tgt 391,395 and 398 SL… Read More »
FIIs bought 1435 Index Future worth 47 cores with net Open Interest decreasing by 321225 contracts. Nifty opened with Gap up and maintained the gap, and expired above the higher end of trading range. Nifty Future July Open Interest Volume is at 1.19 cores with addition of 20 lakhs in Open Interest,so longs got added.Nifty… Read More »
Today is Nifty expiry and many traders will indulge in Option trading to make some quick buck if they are on right side of trade. I have seen trader taking position in Options that trades less them their theoretical value, thinking price will correct End of day and they will make profits but in reality… Read More »
As discussed INR hit all time low against USD so lets analyze how will falling rupee affect the budget and personal finances of common man. Here’s how a weak rupee will affect “Aam Adami” 1. Increase in Petrol and Diesel Price: Indian is largest importer of crude oil. With Rupee trading at all time low due to bad economy… Read More »
Its been hell of series for investor and bullish traders as Nifty kept on falling down and down, First day of June series had an inkling of fall as Nifty closed down 138 points and the correction continued. Mid caps have been butchered out of shape and large caps becoming Mid Caps like JSPL. Nifty… Read More »