Nifty continued with small range play stuck between 2 EMA’s as shown in 2 chart suggesting big trending move is round the corner, Now 7885 should be watched going above it can see move towards 7937/7995 . On Downside break of 7825 again will revisit 7765/7714.Bank Nifty December Series Outlook Nifty December Future Open… Read More »
Bank Nifty continued with its consolidation trading below gann trendline and signal line suggesting a big move is round the corner as prices are contracting in the triangle. Support remains at 16900 and below that 16830. Resistance at 17170 and than 17280/17466. How Professional Traders Learn From Their Trading Mistakes Bank Nifty December Future Open… Read More »
Most of us want to be as perfect as we can. We do not want to experience failure or setbacks or roadblocks. In fact, most of us have been raised that failure, in any case and at any time, is ‘bad’ and success is ‘good’. So if that is the case, then thinking in a very simplistic and… Read More »
Sun Pharma Sun Pharma is showing its Potential Reversal Zone as per Butterfly pattern in range of 692-699. If this range hold stock can bounce back to 745/754 range in short term. Positional Traders can long in range of 692/699 with SL of 680 (Intraday SL ), If Stock closes below 690 pattern fails hence… Read More »
Maruti Intraday Traders can use the below mentioned levels Buy above 4662 Tgt 4682,4700 and 4750 SL 4640 Sell below 4620 Tgt 4600,4560 and 4500 SL 4640 SKS Micro Intraday Traders can use the below mentioned levels Buy above 428 Tgt 429.5,431.8 and 434.5 SL 426.5 Sell below 424 Tgt 422.8,420 and 415 SL… Read More »
1. Losing traders think that because they reviewed price performance history, and saw patterns or results, trading in real time would be simple . They don’t understand that real time trading involves risk management, discipline, and a developed trading plan and probably never will. 2. Losing traders believe that what they learned in textbooks will… Read More »
FII’s sold 2.4 K contract of Index Future worth 141 cores ,17.2 K Long contract were added by FII’s and 19.6 K short contracts were added by FII’s. Net Open Interest increased by 36.8 K contract, so today’s fall in market was used by FII’s to enter both long and shorts in Index futures. Are you… Read More »
Bank Nifty continued with its consolidation trading below gann trendline and signal line suggesting a big move is round the corner as prices are contracting in the triangle. Support remains at 16862 and below that 16587. Resistance at 17170 and than 17280. Are you Trading on Skills or Luck Bank Nifty November Future Open… Read More »
Some describe trading as purely based on “LUCK” , “Tukka marna” as we call it in Hindi, but from my perceptive trading is all about “Skills” . Skills take time to develop. Take an Example of Engineer, To get an Engineering degree a student has to study for 6 years ( 2 Years for entrance… Read More »
Seven years after the Fed unleashed ZIRP and QE to “fix the economy”, it has finally admitted that ZIRP and QE failed to do that (although they certainly succeeded in blowing the biggest asset bubble ever), and for the past 6 months the Fed has engaged in what may be the most ridiculous case of… Read More »