As discussed in last analysis Low made today was 16368 so 16350 was not broken and high made was 16501 and we closed above 16431, so bulls have upper hand now and above 16500 can take index to 16734/16792. Bank Nifty opened above 16600 , we got indication yesterday with close above 16431 and respecting… Read More »
Psychology matters more to trading or investing than perhaps any other income-producing activity. Here are some quotable quotes from some well known industry participants highlighting that reality… Anyone who claims to be intrigued by the “intellectual challenge of the markets” is not a trader. The markets are as intellectually challenging as a fistfight. Ultimately, trading… Read More »
CIPLA Intraday Traders can use the below mentioned levels Buy above 488 Tgt 496,502 and 510 SL 483 Sell below 480 Tgt 475,469 and 460 SL 483 Axis Bank Intraday Traders can use the below mentioned levels Buy above 493 Tgt 496,501 and 507 SL 490 Sell below 487 Tgt 484,479 and 474… Read More »
FII’s sold 6.6 K contract of Index Future worth 373 cores ,9.3 K Long contract were added by FII’s and 15.9 K short contracts were added by FII’s. Net Open Interest increased by 25.2 K contract, so rise in market was used by FII’s to enter long and enter shorts in Index futures.Ways to Improve Discipline… Read More »
As discussed in last analysis If we close below 16349 tomorrow we can fall till 16000 till expiry, Bullish only on close above 16431. Low made today was 16368 so 16350 was not broken and high made was 16501 and we closed above 16431, so bulls have upper hand now and above 16500 can take… Read More »
Its an well known fact 90% of traders lose money and one of the reason for Losing is not having discipline in their trading. Many trader will say only people having insider Info,knowing a holy grail trading system,FII etc can make money. The fact is anyone can make money if he follows his trading plan… Read More »
LT Intraday Traders can use the below mentioned levels Buy above 1250 Tgt 1258,1266 and 1276 SL 1242 Sell below 1238 Tgt 1230,1221 and 1205 SL 1245 ICIL Intraday Traders can use the below mentioned levels Buy above 904 Tgt 910,917 and 930 SL 898 Sell below 895 Tgt 888,876 and… Read More »
FII’s bought 6 K contract of Index Future worth 325 cores ,9.6 K Long contract were added by FII’s and 3.6 K short contracts were added by FII’s. Net Open Interest increased by 13.3 K contract, so fall in market was used by FII’s to enter long and enter shorts in Index futures.How trading brain Works… Read More »
As discussed in last analysis As we have gann trendline also near 16500, so need to be extra cautious in coming week as if 16500 get broken we can see quick downfall till 16300-16250. Bullish only on close above 16792. we need to see a follow up down move on Monday below 16431 for a fall… Read More »
Many readers have asked me the following question: “what we are watching and what we are doing is totally opposite ?” “What we would like to act and trade and we do something reverse than that as soon as we see the trading terminal! “ “I do plan ,than trade but anyhow it goes unfollowed… Read More »