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[20 Jan 2012 | 2 Comments | 1,314 views]
Qualities of Successful trader: Control EGO and Greed Quotient

An avaricious or keen desire for profits is one of the most prevalent causes of failure in speculation. This weakness is general among traders. They desire “just a little more ” profit. If the stock or commodity bought advances, then that’s proof to them that it will advance further and so they hang on. They usually overstay and thus miss their market. If they fail to obtain the top price and it reacts, then they assure or console themselves by the expression: “Oh, it will come back.” It may “come …

FII Futures and Options Data, Must Read Articles for traders, Nifty Options Data, Technical Analysis Explained, Technical Analysis of Nifty »

[26 Dec 2011 | 9 Comments | 1,199 views]
FII F&O Data analysis for 27 Dec trade in Nifty future

Below is my Interpretation of FII OI data Sheet for 26 Dec.
 

1. FII bought  12,404  Contracts in NF worth 272  Cores in Index Futures with Open Interest increasing  by 4984 contracts.
2. As NF  was  up  by 68  points  with Open Interest increase by  FII . Rise in OI with Rise  in price means  longs were created by FII .
3. Net Exposure of FII for the December Series is 42,958  contracts which i am assuming are longs. Now this figure will be shocker to hard core bears as doomsday Sayers were predicting …

Must Read Articles for traders, Technical Analysis Explained »

[7 Dec 2011 | 2 Comments | 734 views]
FII F&O Data analysis for 8 Dec trade in Nifty future

Below is my Interpretation of FII OI data Sheet for 07 Dec.
Let me go by Disclaimer these Observation should not be used as Trade recommendation in NF
 

1. FII bought  20,044  Contracts in NF worth 539 Cores in Index Futures with Open Interest Increasing by  13804  contracts.
2. FII has added  longs as the volume tick in morning came at 5066 NF means big fund buying happening at that level, The significance of 5066 came in last half hour of session when we had a waterfall decline but morning low 5055 and …

Must Read Articles for traders, Technical Analysis Explained, Trading Psychology »

[25 Nov 2011 | One Comment | 2,115 views]
Limiting Trading Losses

By Jason Van Bergen
It is simply not possible for any trader–whether amateur, professional or anywhere in between–to avoid every single loss. The disciplined trader is fully cognizant of the inevitability of losing hard-earned profits and, as such, is able to accept losses without emotional upheaval. At the same time, however, there are systematic methods by which you can ensure that losses are kept to a minimum.
The System
Every trader should employ a loss-limit system whereby he or she limits losses to a fixed percentage of assets, or a fixed percentage loss …

Must Read Articles for traders, Technical Analysis Explained, Trading Psychology »

[18 Nov 2011 | 7 Comments | 1,612 views]
How to use Stop Loss in Trading

When markets are

Volatile
Overbought in Short Term
May Reverse from the current trend as per technical

Most common term used by traders/analyst is

Tighten your Stop Loss/Use Trailing Stop Loss

Stop loss order is an order to close position if/when losses reaches a particular point. In other words this is an order by which you can decide the maximum loss that you are ready to accept. Here we are going to discuss only Stop Loss Order regarding Day Trading, but the same principle can be used for Swing Trading or Long Term Trading.
How should one …

Technical Analysis Explained, Technical Analysis of Nifty, Trading Psychology »

[2 Oct 2011 | 9 Comments | 1,698 views]
Nifty Weekly Technical Analysis for Week Starting 3 October

The Indian government has announced that it would borrow an additional Rs 53000 Cores from the market. This would take the total government borrowing for the fiscal year higher by almost 13% from the budgeted Rs 4.17 trillion to Rs 4.7 trillion.
If you think Interest rates are Peaked out the above news give more proof than more rate hikes are coming. You may ask how does higher government borrowing translates into high interest rates.
When demand for funds shoots up, interest rates go up in tandem. So high interest rates coupled …

Must Read Articles for traders, Technical Analysis Explained, Technical Analysis of Nifty »

[18 Sep 2011 | No Comment | 2,338 views]
Nifty Weekly Technical View for Week Starting 19 September

The market will reward your discipline.  Let’s face it, the market is one disciplined son of a gun.  When it says it is going to crush the bears with their death cross and the bulls with their golden cross it does.  When the market says a bearish economic report does not matter I am going higher anyway it will.  When the market says that cute little support line you drew is nothing but “a lead pencil and I am an eraser”, then erasing it will go.  Stick to a discipline …

Must Read Articles for traders, Technical Analysis Explained »

[9 May 2011 | No Comment | 972 views]
Technical Calls:Jubilant Food,Amar Raja and Hind Zinc

Jubilant Food
Jubilant Food has been on a dream run from the day it listed and today it made a life time high@807 and moving into uncharted territory.Stock has been respecting its trend lines resisting at top end and taking support at lower end.

 
As per the above daily chart a pullback should be expected before  a  move up further. Pullbacks till Rs 748 should be used to
initiate longs in the stocks. Trend is your friend.

Stocks hitting new Highs will keep on Hitting Highs till the Market Participants have no more appetite …

Must Read Articles for traders, Technical Analysis Explained »

[11 Apr 2011 | 3 Comments | 1,725 views]
How to trade using Trend Lines in Stocks Charts

TREND LINES
Technical analysis is built on the assumption that prices trend. Trend lines are an important tool in technical analysis for both trend identification and confirmation. A trend line is a straight line that connects two or more price points and then extends into the future to act as a line of support or resistance. A proper trend line has to connect two or more peaks or troughs; otherwise, it will be drawn
in space and will have no significance.
UP TREND LINE
An uptrend line has a positive slope and is formed …

Must Read Articles for traders, Technical Analysis Explained, Trading Calls in Stocks/Options »

[31 Mar 2011 | No Comment | 902 views]
Technical Calls:BHEL,Ranbaxy and ITC

BHEL
BHEL is consolidating between its 50 SMA and 5 EMA.I have tried to show similarity in this pattern which was formed before also in the 2 rectangle in below chart.

BHEL is consolidating and looks ripe for a sell below today’s low.Stochastic has given a SELL
Gap between 2055 and 2051 also needs to be filled.

Sell below 2055 Tgt 2046,2030 and 2004

 
 
Ranbaxy
Ranbaxy is moving into parallel trendline channel and facing resistance at upper trendline channel.
STOC is giving a BUY MACD Buy
 

Buy above 451.7 Tgt 453.4,457.8 and 463

 
ITC
ITC has given breakout on Daily …