“The goal of a successful/Great trader is to make the best trades. Money is secondary.” Great traders do not have to be right about any one trade, their success is based on winning more than they lose on a large amount of trades. Great traders do not need trade ideas from other traders, they trade… Read More »
SBIN Buy above 1524 Tgt 1536,1556 and 1590 SL 1515 Sell below 1514 Tgt 1501,1480 and 1446 SL 1523 RIL Buy above 822 Tgt 827,833 and 841 SL 818 Sell below 813 Tgt 807,800 and 793 SL 818 HCL Tech Sell below 1372 Tgt 1342,1320 and 1308 SL 1380 Buy above 1405… Read More »
FIIs sold 9023 contracts of Index Future worth 267(3051 Long contracts were squared off and 5972 short contract were added) with net Open Interest increasing by 2921 contracts, so FII’s squared off longs and shorts were added by them. Nifty continue with its relentless fall, on back of global sell off falling all the way… Read More »
1. Lack of direction. Traders often fail to establish clear goals and create plans to achieve those goals. When traders fail to develop complete business and trading plans before entering the market they are setting themselves up for failure. 2. Impatience. This occurs when traders try to accomplish too much too soon, or expect to get results far faster than… Read More »
FIIs sold 19241 contracts of Index Future worth 592 (14999 Long contracts were squared off and 4242 short contract were added) with net Open Interest decreasing by 10757 contracts, so FII’s squared off longs and shorts were added by them. Nifty continue with its relentless fall, falling all the way down to 6000. Nifty is… Read More »
PNB PNB has shown a rise with exceptional volumes,Positional traders should look out for close above 555,for short term target of 576 and 589. Buy above 555 Tgt 560,564 and 570 SL 553 Sell below 546 Tgt 541,536 and 531 SL 549 Tata Motors Tata Motors has been trading in rectangle 363-345. Buy… Read More »
Last Weekly we gave Chopad level Bank Nifty 10814 and achieved on downside levels. Bank Nifty Hourly Bank Nifty hourly charts is trading below its 50HSMA,and also near its lower end of downtrending channel, Holding 10100 strong bounceback can be seen, Unable to hold the same 9800-9500 levels can be seen. Bank Nifty Daily Bank… Read More »
Last Week Chopad Level of 6207 got triggered on Monday with gap down and achieved almost 3 target on downside.Nifty corrected 328 points,in just six trading sessions as Both Fed and RBI governor disappointed market. Next week will be very busy, and the scheduled events should contribute to the already growing market volatility. ECB Rate… Read More »
Everyone knows that chasing price is usually not beneficial, we either end up catching the move too late, or we get poor trade location, which makes it more difficult to manage the trade. However, there are other forms of chasing that are just as common, maybe more common, and just as counter-productive. Traders who are… Read More »
BHEL Buy above 175.7 Tgt 177.7,181 and 185 SL 173.5 Sell below 170.5 Tgt 167,165 and 161 SL 171.5 Indusind Bank Buy above 380.5 Tgt 382.5,386 and 393 SL 378.5 Sell below 375.5 Tgt 372,366 and 362 SL 378.5 Ambuja Cement Ambuja Cement any close above 159 gives short term target of… Read More »