As discussed in last analysis Now we need close above 17067 and gann Horizontal trendline for next move towards 17400, Support at 16792-16800. High made today was 17424 Bank nifty showed an impulsive move above 17067 and did 17367 in matter of hours, this is what happens once we complete time correction. Now Bulls would… Read More »
I always suggests trader to create a trading plan before markets opens and strictly execute the trades as per the plan. Its a well know adage Plan the trade and Trade the plan.Most of traders trade impulsively in trading,without any plan, they go as per there intuition and end result is losses. I have written… Read More »
SKS MICRO Intraday Traders can use the below mentioned levels Buy above 623.5 Tgt 627.5,631 and 636 SL 620 Sell below 619 Tgt 616,610 and 600 SL 622 IBR Intraday Traders can use the below mentioned levels Buy above 96.5 Tgt 98,99.5 and 101 SL 95.5 Sell below 93.8 Tgt 92.5,91 and 90… Read More »
FII’s bought 58.2 K contract of Index Future worth 3343 cores ,69.9 K Long contract were added by FII’s and 11.7 K short contracts were added by FII’s. Net Open Interest increased by 81.7 K contract, so rise in market was used by FII’s to enter long and enter shorts in Index futures.Trading Psychology Quotes that… Read More »
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 »