In any particular trade you never really know how far prices will travel from any given point. If you never really know where the market may stop, it is very easy to believe there are no limits to how much you can make on any given trade. From a psychological perspective this characteristic will allow you to indulge yourself in the illusion that each trade has the potential of fulfilling your wildest dream of financial independence. Based on the consistency of market participants and their potential to act as a …

Trading will stress your feelings. To survive and succeed, you will need to develop a sound trading psychology. Trading will challenge your mind. To gain an edge in the markets,you will need to master good analytic methods. Trading will demand good mathematical skills. A math illiterate who can’t manage risks is guaranteed to bust out.
A new trader is like a little lamb walking into a dark forest. He is likely to be killed, and his skin—his trading capital—divided three ways, between brokers, professional traders, and service providers. Each will try …

One of the most important things that people don’t handle is their Emotional Risk. When emotions run high, the quality of decisions goes down. It is very important to learn how to react to your emotions and thus increase your profits.
Bank Nifty
Bank Nifty show a decent pullback yesterday in late afternoon session but got resisted at 20 SMA@10310. Also 50 SMA@10362 is major resistance coupled with trendline resistance as shown in above chart.

Buy above 10256 Tgt 10329, 10362,10443 and 10502
Sell below 10194 Tgt 10080,10000 and 9945

Ashok Leyland

We covered Ashok Leyland …

Below is my Interpretation of FII OI data Sheet for 11-Apr-12.
Our heartfelt sympathy to People affected by Earthquake. Our prayers and thoughts are with everyone who has been affected by the dreadful disaster.
1. FII  sold  12623  Contracts of NF worth 311 cores OI also increased  by 14525.
2. As Nifty Futures was down  by 15 points and OI has increased  by 14525 ie. fall in price with rise in OI meaning FII have shorted the Index before the IIP data tomorrow.
3. Nifty  closed below 20SMA@5290 and 50 SMA@5335  for today making …

In any particular trade you never really know how far prices will travel from any given point. If you never really know where the market may stop, it is very easy to believe there are no limits to how much you can make on any given trade. From a psychological perspective this characteristic will allow you to indulge yourself in the illusion that each trade has the potential of fulfilling your wildest dream of financial independence. Based on the consistency of market participants and their potential to act as a …

The losing traders have unrealistic expectations about the kind of profits they can make, typically shooting too high. They also debate with themselves before taking a trade, and even dwell on a trade well after it’s closed out. But the one big thing Williams noticed about this group was that they paid little attention to money management (i.e. defense).And the winners? This group has an intense focus on money management, and will voluntarily exit a trade if it’s not moving – even if it’s not losing money at that time! …

When you put too much of your ego on the line with your money, you may feel great when you win, but on the other hand, you may feel discouraged when you lose. When you allow your ego to enter your trading, you put subtle pressure on yourself to succeed. This added pressure could compel you to make dumb mistakes like holding on to losing trades to avoid hurting your ego. It’s better in the end to take a professional approach to trading marked by objectivity and rationality. Sure, it …

Feelings naturally appear during trading. The feelings we don’t like seem to have roots deep in our unresolved issues. Somehow they get stuck and do not finish passing through, and can cloud the judgment and interfere with trading. The feelings we do like seem to pass through quickly without much trace.
I suggest getting to know your feelings, by experiencing them, expressing them, letting them pass through and finding out they are pretty much all good ones.
Jet engines work best when they are open at both ends.

Bank Nifty

Today is Crucial RBI …

It’s important to have a plan, remain disciplined in executing that plan, and pay attention to what is actually happening rather than what you expect to happen. We try to be as objective as possible in our analyses… It’s not always easy for people who are involved every day to stay with a plan when misfortune occurs for a time. You always encounter the unexpected and this can push discipline right out of the way in the name of prudence. But prudence almost always dictates staying with the approach that …

Axis Bank

Axis has formed a DOJI pattern with a close below 20EMA. Supply is coming from upper trendline.

Sell below 1144 Tgt 1132,1120 and 1108
Buy above 1174 Tgt 1190,1210 and 1220
 
Bank Nifty
Taking Support at trendline as shown in above chart.Break and close  below 10160 will add to short term bearishness. Closed below 20 SMA also.Trading in a downward falling channel
 
Sell below 10403 Tgt 10340,10223 and 10160
Buy above 10500 Tgt 10530,10584,10614 and 10667
 
 
 
 

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