Many traders have been asking me question on my write up of FII Data analysis, Keeping all the question in mind i have prepared a cheat sheet which will help you in understanding my data analysis with more clarity. 1. What do you mean by Open Interest (OI) in futures and options? When there is… Read More »
Australian cricketer-turned-commentator Dean Jones, in an interview for Wisden, observed that two-thirds of Sachin Tendulkar’s game is based around defence. Most of the shots in any Sachin century, he says, are based on forward defence, back-foot defence and letting the ball go. As any coach would vouch, letting the ball go is possibly as important… Read More »
How do you go about building a trading plan? What do you need to consider, and what type of trader should you be? The last question is a logical place to start – deciding the type of trader you want to be, and understanding why. Type of Trader When creating a trading plan, a trader must decide the style of trading… Read More »
Aspiring traders often ask me whether or not it’s really possible to make a living trading the market. The short answer is yes. The longer answer is, yes you can make a living trading the market but you have to consistently do a lot of things right. Most traders simply do not yet possess the… Read More »
M&M M&M seeing a trendline breakout close above gann number of 898 stock is heading towards 932 in short term. Buy above 900 Tgt 905,917 and 930 SL 897 Sell below 895 Tgt 888,883 and 876 SL 898 Ranbaxy Positional traders should look for a close above 344 for short term target of 356 and… Read More »
“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 »
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 »
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 »
Sesa Sterlite Buy above 201 Tgt 202.6,205.3 and 208 SL 199.5 Sell below 197.5 Tgt 195.3,193.5 and 191 SL 199 BPCL Buy above 343 Tgt 346,350 and 355 SL 340 Sell below 339 Tgt 336,334 and 330 SL 341 Kotak Bank Buy above 665 Tgt 670,675 and 683 SL 660 Sell below 657 Tgt… Read More »
Axis Bank Buy above 1167 Tgt 1178,1188 and 1204 SL 1161 Sell below 1150 Tgt 1137,1131 and 1121 SL 1155 ICICI Bank Buy above 1019 Tgt 1029,1039 and 1050 SL 1010 Sell below 1007 Tgt 998,987 and 977 SL 1011 HUL Buy above 576 Tgt 582,588 and 597 SL 571 Sell below 568 Tgt… Read More »