A man ought not to be led into trading by tokens. He should wait until the tape tells him that the time is ripe. As a matter of fact, millions upon millions of dollars have been lost by men who bought stocks because they looked cheap or sold them because they looked dear. The speculator… Read More »
Below is my Interpretation of FII OI data Sheet for 13-Feb-12. 1. FII bought 1736 Contracts of NF worth 38.48 cores OI also decreased by 17784 contracts. On Friday FII sold 51,102 contracts worth 1400 Cores. 2. As Nifty Futures was up by 20 points and OI has decreased by 17785 contracts means profit… Read More »
Bajaj Auto Trendline resistance in Bajaj Auto. Buy above 1755 Tgt 1775 and 1802 Sell below 1729 Tgt 1709,1682 and 1662 SBIN SBI will be coming out with its results today. Provisioning and NPA will decide the fate of stock Gap filling was completed today with stock making a low of 2102. Further… Read More »
Forget about predicting and thumping your chest with pride when you are right. If you think you are smarter than the net total of all participants in the markets then good luck. Money is made by going with the flow of the market until the flow changes. Your job is to find ways to actually… Read More »
Trading runs in cycles: some good; most bad. Trade large and aggressively when trading well; trade small and modestly when trading poorly. In “good times,” even errors are profitable; in “bad times” even the most well researched trades go awry. This is the nature of trading; accept it. Bank Nifty Bank Nifty had a one… Read More »
“In many ways, large profits are even more insidious than large losses in terms of emotional destabilization. I think it’s important not to be emotionally attached to large profits. I’ve certainly made some of my worst trades after long periods of winning. When you’re on a big winning streak, there’s a temptation to think that… Read More »
SBIN SBIN is declaring its results today.Stock has both trendline resistance at 2088 and 200 SMA@2098. Good Results are already factored into market as per current rally . Stock is Overbought on Daily charts Buy above 2100 TGt 2115 and 2142 Sell below 2068 TGt 2042,2023 and 2004 Ambuja Cement Double Top… Read More »
It’s all about sticking to your plan and experiencing feelings as they arise. If you are unwilling to feel your feelings, the temptation is to avoid them by jumping off your system. Traders and Surfers both have to deal with feelings of missing out on the small ones, until the big one comes along. They… Read More »
AXIS Bank Axis bank took support at its 930 which is 50 SMA and bottom of the channel. Volumes were low on a down day. Now there are 2 distinct possibility 1. Break 50 SMA and correction till 20 SMA 2. Bounce from channel low and move towards 100 SMA Buy above 954 Tgt… Read More »
Educomp Trading range between 172-229. Stock can be sold at cmp with sl of 229.5 Sell below 220.3 Tgt 216 and 212 Coal India Coal India is facing trendline resistance and 200 DMA@357. Stock can be shorted at cmp with sl of 357 Sell below 356.5 Tgt 49,344 and 337 Sl 357 HOIL … Read More »