Last week we gave Nifty Chopad level of 8355 and Nifty did 1 target on downside rewarding chopad followers by 55 points in a holiday shortened week, Lets analyze how to trade in expiry week as we have CPI/IIP data coming on Wednesday. Nifty Hourly Chart Nifty Hourly charts has meet its trendline resistance @… Read More »
If you’re reading this blog post because you actually think there is some one thing that successful traders know that unsuccessful ones don’t, then let me first say: There is no single secret to successful trading! And by that I mean there is no secret wisdom passed down from master to pupil, or sacred texts… Read More »
Back on October 13, when the stock market was in free-fall, I prepared this chart showing a potential megaphone pattern. With major indicators (such as the MACD and stochastics) looking decidedly bearish, the idea that a rally would soon return the S&P 500 to the 2,030 area seemed crazy: Three weeks later–ding-ding, we have a winner!… Read More »
Traders should have a very flexible mindset about which way a trade can go when they enter it, but be very rigid about taking their stop loss when it is hit. Traders should be very flexible on profit expectations during each market cycle but very rigid about following their robust method during each cycle. Traders… Read More »
LT Unable to close above 1686 stock will head back to 1632/1597. Buy above 1666 Tgt 1686,1707 and 1717 SL 1655 Sell below 1650 Tgt 1633,1620 and 1597 SL 1655 PNB Any close below 932 stock is heading back to 898. Buy above 952 Tgt 958,967 and 975 SL 944 Sell below 942 Tgt… Read More »
FII’s bought 28.3 K contract of Index Future worth 721 cores, 52.2 K Long contract were added by FII’s and 23.9 K short contracts were added by FII’s. Net Open Interest increased by 76.1 K contract , so FII have slowly started shorts in Index Futures. After rise of 2 days Nifty consolidated on Tuesday, 8350/8364 is… Read More »
By embracing a loss, really feeling it, I tend to have less fear about a potential loss the next time around. If I can’t get over the emotions of taking a loss in twenty-four hours, then I’m trading too large or doing something else wrong. Also, the process of rehearsing potential losses and confronting actual… Read More »
Markets have been particularly volatile recently, at least for intraday traders and daytrading can create a significant amount of stress. Because our bodies are designed to adapt to stress, we may fail to realize that we are stressed out. Here’s an inventory of common trader behaviors that may signify excessive stress. Signs of Stress A… Read More »
Bank Baroda Unable to close above 953 stock is heading to 932/898. Buy above 955 Tgt 962,974 and 984 SL 950 Sell below 943 Tgt 932,924 and 912 SL 948 SSLT Any close above 267 short term target 277/288. Buy above 263.5 Tgt 265,268 and 272 SL 262 Sell below 260 Tgt 257.5,255 and… Read More »