FII’s sold 28.7 K contract of Index Future worth 752 cores,18.1 K Long contract were squared off by FII’s and 10.6 K short contracts were added by FII’s. Net Open Interest decreased by 7.5 K contract. So You Want To Trade For A Living? Nifty continued with its rally and is now near its 38.2 % retracement… Read More »
New Financial Tear is starting , Have a look at your ledger of last Financial Tear and see were you able to make profit for the year. If yes Well and Good If no ask yourself the following questions: 1. Do I treat my trading like a business? Have I prepared for it the way… Read More »
Adani Positional traders should watch for 610, closing above it stock is heading to 623/631 and 644. Intraday Traders can use the below mentioned levels Buy above 618 Tgt 623,631 and 635 SL 613 Sell below 610 Tgt 605,598 and 592 SL 613 Bata India Any close above 1100 stock is heading towards 1131.… Read More »
Last week we gave the Chopad level of 18036 Bank Nifty achieved 3 target on upside made low of 18809 and Chopad level was 18036.Lets analyze how to trade next week as we have RBI policy on Tuesday. Bank Nifty Hourly Bank Nifty on hourly charts entered in Demand zones and reacted sharply on upside.Now… Read More »
Last week we gave Chopad Levels of 8335 , Nifty opened with a gap @8380 did all 3 target on upside and rallying 334 points from the low seen in last week. We have RBI policy scheduled on Tuesday so lets analyze how to trade in new financial year. Nifty Hourly Chart Nifty Hourly charts… Read More »
Market has been Topsy turfy in past few trading session and we have a long trading weekend coming ahead which should be used by traders in productive manner to improve trading, Let me discuss a real life incident of my student how he was afraid of trading and how after going through the training he… Read More »
FII’s bought 4 K contract of Index Future worth 74 cores,7.2 K Long contract were added by FII’s and 3.2 K short contracts were added by FII’s. Net Open Interest increased by 10.5 K contract. Trader’s Daily Routine we discussed Daily Routine traders should follow. Nifty as soon as closed above the 180 degree pyrapoint line and gave… Read More »
Most traders be it Swing trader,Day Trader i have interacted during my training session do trading on the fly, take a position when it “feels right” or “Based on Intuition” Not preparing for what lies ahead for the day, week or month can be a costly proposition and can eventually bust your trading account.Most of… Read More »
Fibonacci and the stock market Introduction Fibonacci numbers were derived from an Italian mathematician Leonardo Pisano. Fibonacci was a mathematician who was born in Italy around the year 1170. It is believed that Mr. Fibonacci discovered the relationship of what are now referred to as Fibonacci numbers while studying the Great Pyramid of Gizeh in… Read More »
In order to be a successful day trader, you need to have the right tools, choose the right markets, and trade the right trading systems. However, it is just as important to have the right psychological and emotional outlook. Lets illustrate the trading emotion using an Intraday Trades,similar emotions can occur over Swing trades and… Read More »