Complacency When I think of complacency two major things come to mind: Often a traders biggest loss comes after a string of winners. This is well documented and suggests to me that complacency is present. The ‘every swing I take is a home run feeling’ or the ‘I can do no wrong feeling’. Sure enough… Read More »
SBI Buy above 2066 Tgt 2081,2098 and 2119 SL 2060 Sell below 2058 Tgt 2044,2024 and 2007 SL 2065 ICICI Bank Buy above 1301 Tgt 1309,1318 and 1332 SL 1295 Sell below 1293 Tgt 1285,1271 and 1262 SL 1299 BHEL Buy above 192 Tgt 194,196 and 199 SL 190 Sell below 189 Tgt… Read More »
FII’s bought 49962 contract of Index Futures worth 1710 cores with net OI decreasing by 2 lakh contracts. So on expiry day FII’s squared off most of shorts they were carrying as rollover in the Nifty at around 59% is lower than the three-month average of 65%, indicating FII’s sees the risk of taking bullish… Read More »
Rule 1 – If you cannot see trends and patterns almost instantly when you look at a chart then they are not there. The longer you stare, the more your brain will try to apply order where there is none. If you have to justify exceptions, stray data points and conflicting evidence then it is safe… Read More »
You don’t choose the stock market; it chooses you. A little bit of early trading success can have a profound effect on a person’s soul. If it does choose you, you’ll have to accept that your life and investing will become forever connected. Your methodology must provide an unshakeable foundation that you believe in totally, and you… Read More »
Adani Port Any close above 212 short term target 220 and 225 Buy above 205.3 Tgt 208.4,212 and 215 SL 204 Sell below 201.5 Tgt 198.5,195 and 190 SL 203 Axis Bank Any close above 1508 stock is heading towards 1542 in short term. Buy above 1502 Tgt 1511,1523 and 1535… Read More »
FII’s bought 26.8 K contract of Index Futures worth 923 cores (31.1 K longs were added and 4.3 K shorts were added for Index Future) with net OI increasing by 35.4 K contracts. So today’s FII’s continue adding longs and also added fresh shorts Index Futures. Nifty reacted from the EW target of 6838 and… Read More »
DLF Positional traders should look for close above 158 for short term target of 165 and 178. Any close below 157 stock is heading towards 149. Buy above 158.3 Tgt 160,162 and 164 SL 157 Sell below 156 Tgt 154.2,152 and 149 SL 157 Godrej Industries Buy above 331 Tgt 335,342 and 350 SL… Read More »
FII’s bought 11081 contract of Index Futures worth 378 cores (26.3 K longs were added and 15.2 k shorts were added for Index Future) with net OI increasing by41.5 K contracts. So today’s FII’s continue adding longs and also added fresh shorts Index Futures. Nifty is entering the demand zone, with hourly charts entering oversold so… Read More »
Do you see yourself in any of following mindsets? Have you ever done or thought anything like this? If you have not, then please stop reading since you have attained trading mastery and don’t need any words from me: No time to wait for setups. It looks like it might work, so I am going… Read More »