I keep Blue Channels turned off while trading. I do not care about others opinions I care only about price and chart action. I do not try to predict, instead I trade in accordance with the chart. I am not trying to prove I am right I am trying to make money. I am not… Read More »
Yes Bank 555 should be watched closely, Closing above it short term target comes at 576/589. Closing below it short term target comes at 521. Positional traders keep Stop loss of 555 on closing basis. Intraday Traders can use the below mentioned level Buy above 555 Tgt 560,565 and 571 SL 553 Sell below 549… Read More »
Last Week we gave Chopad level of 7441, Nifty did all 3 target on upside rewarding trend follower with 200 points. Using the Golden Ratio we were able to predict the Top of Nifty around 7800 Can Nifty form short term top around 7800 ? Lets analyze how to trade Nifty in next week. Nifty… Read More »
Last Week we gave Chopad Level of 14396 Bank Nifty did all the 3 target on upside rewarding Trend Follower by 500 points.. Lets analyze how to trade Bank Nifty in coming week. Bank Nifty Hourly Bank Nifty hourly charts touched the gap area and started bouncing back towards the higher end. Negative divergence are… Read More »
Your biggest enemy, when trading, is within yourself. Success will only come when you learn to control your emotions. Edwin Lefevre’s Reminiscences of a Stock Operator (1923) offers advice that still applies today. Caution Excitement (and fear of missing an opportunity) often persuade us to enter the market before it is safe to do so. After a… Read More »
The speculator’s chief enemies are always boring from within. It is inseparable from human nature to hope and to fear. In speculation when the market goes against you you hope that every day will be the last day — and you lose more than you should had you not listened to hope — to the… Read More »
IDFC IDFC has complted its butterfly pattern which is bearish in nature.Positional traders should look for close below 157 for short term target of 152/149 and 144. Buy above 160 Tgt 162,164 and 166 SL 159 Sell below 157 Tgt 155,152 and 149 SL 159 Bajaj Auto Bajaj Auto is on verge of starting… Read More »
FII’s bought 13636 contract of Index Future worth 520 cores, 6.5 K Long contract were added and 7 K short contracts were squared off by FII’s. Net Open Interest came down by 530 contract. NIfty closed above the supply zone of 7570-7585 and this zone will become support of the Nifty, Nifty was unable to cross… Read More »
1. The four trading fears 95% of the trading errors you are likely to make will stem from your attitudes about being wrong, losing money, missing out, and leaving money on the table – the four trading fears 2. The proverbial empathy gap You may already have some awareness of much of what you need… Read More »
FII’s sold 630 contract of Index Future worth 24 cores, 18.7 K Long contract were added and 19.3 K short contracts were added by FII’s. Net Open Interest came up by 38.1 K contract suggesting FII are adding both long and shorts in market. NIfty closed above the supply zone of 7570-7585 and this zone will… Read More »