Doing Nothing is market is also a Habit traders should develop. Remember this: When you are doing nothing, those speculators who feel they must trade day in and day out, are laying the foundation for your next venture. You will reap benefits from their mistakes.” Reliance Industries RIL made a pullback till 751 which was… Read More »
The Week gone by had bout of volatility with Nifty closing below 1.3% WoW basis. Last week market was a range bound volatile moves with loads of Intraday volatility. After Dull Jan and Feb months March promises to be a volatile month where money can be made on both sides. Its an eventful month with… Read More »
Bank Nifty Bank Nifty has been trading in a downward channel ,yesterday was unable to cross the channel top marked in red line. Bank Nifty has closed below 20 SMA also signalling selling coming on higher levels.Bank Nifty is also trading with 150 points premium 🙂 Buy above 10474 Tgt 10561,10667 and 10759 Sell… Read More »
Not having a plan. Get a plan, who cares if it is bad, start with something. You can build off of it and refine it. You have to be willing to spend the time to make the plan yours. You do not start anything without some level of planning. Trading is hard; your brain spends… Read More »
The much anticipated downward correction materialized during the week gone by.Nifty corrected after 7 weeks of breath taking rally which was surprise for most of market participants. Nifty is approaching monthly closing in next 3 days which will be keenly watch. Nifty Hourly Chart On Hourly chart Nifty was able to fill 2 gaps as… Read More »
We can not control: Whip saws when the trend reverses on us. Gaps in opening prices both up and down. Headline risk. Natural disasters. Whether a trend continues or reverses the moment we open a position. Whether any individual trade wins or loses. How many winning or losing trades we have in a row. ZEE… Read More »
Today is the auspicious day of Lord Shiva Celebrate it with joy of heart and help people understand the values of Lord Shiva. Happy Maha Shivratri to all Site Readers The Glorious Bull run continues in Indian markets with Nifty completing 1000 points in matter of 40 trading sessions. So what all we lost… Read More »
Nifty was up by 0.8% last week. Tepid Industrial Productivity (IIP) number at 1.8% in December as compared to November was a Shocker along with a revised GDP outlook of 6.9% as against 8.4% in the previous year were the reasons of rally spoilers for the last week.India’s trade deficit too has soared to uncomfortable… Read More »
Winning disrupts the trader’s emotions as much as losing – We are disrupted when we experience events outside our expectation. The method that is 60% accurate will experience four consecutive winners about 13% of the time. Traders are just as susceptible to overconfidence during profitable runs as under confidence during strings of losers. Bank Nifty… Read More »
Nifty continued its dream run with another 2.3% upmove for the previous week. FII has bought equities worth 4691 cores on first 3 days on February, which lead to Nifty moving above the 200 DMA. Trend Deciding level 5205 gave good trade to positional traders as per Last Weekly Analysis Are we out of… Read More »