“The best traders don’t think about how many millions they need to make each year.  They focus on making the best trading decision they can with each trade they make. And if there isn’t a good trading opportunity right now, they have the discipline to do nothing and just wait. Concentrating on one trade at a time is their process”
Reliance
RIL the market leader retested its breakdown level of 71-713 yesterday and day before yesterday low being 710 and 713.  Not breaking below breadown level means strong hands are buying and …

The greatest fault of ninety-nine out of one hundred active traders is being bullish at high prices and bearish at low prices. Therefore, refuse to follow the market beyond what you consider a reasonable climax, no matter how large the possible profits that you may appear to be losing by inaction

Bank Nifty
 
Bank Nifty was up by 4.3% outperforming Nifty by almost 2%. Bank Nifty is high beta index and should always be traded by professional traders only.

 
Yesterday was a clean sweep for bears as bank nifty retraced the fall of …

 
SBIN

SBIN closed near its resistance of 1633. Banking stocks have corrected in range of 30-70% in past 2 months on concerns of credit growth. Banking are the front runner of economy and hence they are one to lead the fall or rise in Nifty.
Looking at chart of SBI selling pressure has abated as stock is boucing as soon as it go near 1588-1600 levels giving indication strong hands have started accumulating this and in matter of time where it will show a rally.

Buy above 1637 TGt 1649,1669,1692 and 1714.
Above 1714-15  …

Maruthi Udyog

 
Maruti is forming descending triangle formation with support at 911.Break of 911 will lead to further weakness in Maruti .Close below 910 will lead the gap filling of May 09.
Gap is present from 848-910,Close below 910 expect the stock to move till 848 within this week.
Sell below 910 Tgt 900,894,877 and 848

If 910 Holds some how

Buy above 923 Tgt 935,951
 
Axis bank
Axis Bank has been on waterfall decline 1600 to low of 803 which is almost 50% decline.Stock is near its strong support level 796-800. Holding the same some relief …

Today 30/12/2011 is the last trading day,Once the day gets over try to spend atlesat 1 hour to analyse your trades done throughout the year.
Losses Made — Learn from them instead waning why the loss happened and promise not to repeat those mistakes again
Gains Made — Learn from them and try to repeat such trades again.
Learn Assimilate and implement your analyses from next year and Promise yourself you will emerge as a Better trades both intlectually and finaccilly in 2012.
My Best Wishes to every trader and Wishing you all …

Raymonds
 
Raymonds have a excellent trade set up with good risk to reward ratio. Stock is oversold on daily charts and trading at lower end of trading range @321 as yesterdays fall was with negligible volumes as compared to previous trading sessions.

Buy above 327 Tgt 334,339 and 345 .

 
Reliance
RIL has been trading in the range of 745-765 from past 3 trading sessions. RIL move is harbinger for Nifty move. So watch this Stock closely for next 2 days as it can give us clue where Nifty will expire
 Breaking of 745 on …

As traders try to improve performance, the one piece of knowledge that is often overlooked, is self-knowledge. Most traders would benefit by simply focusing on doing more of what works and less of what doesn’t, which sounds obvious, but the reality is that most do just the opposite. Learning to identify which behaviors work and which don’t is not as fun or interesting as learning a new trading strategy or set-up.; and awareness of one’s internal state is just as critical, but that is typically not dealt with.  As a …

Polaris Software
 

 
Polaris Software took support at 114 -115 range which is the lower end of trading zone. Volumes were less than average on a declining day, so which shows lack of interest of traders to break the range.
Bounce Back can be expected as Polaris held its low.

Buy above 116.7 Tgt 119.5,121.2 and 123
 
Infosys Limited
Infosys Limited has been grinding in the range of 2650-2750 from past 7 trading session. This is much expected consolidation as Infy is trading near its trend reversal level of 200 DMA.

 Above 200 DMA Bulls survive and …

Bank Nifty

Bank Nifty will continue its upmove and will face resistance at 8585 levels. Move above this will take Bank nifty to8685.Stoch has generated a buy.
 

Buy above 8430 Tgt 8480,8513 and 8585
Sell below 8288 Tgt 8210,8160 and 8100

 
Reliance Industries
RIL is approaching its trendline resistance and 20 SMA @762. For continuation of upmove in Nifty RIL has to participate. hence we need to keep close watch at 762 level.

Buy above 762 Tgt 767,776 and 783

Larsen and Tubro
 
Larsen and Tubro has seen a waterfall decline from high of 1330 to low of …

In the trading world, you will either make money or lose money on any given trade. All that matters in the end is making more money when you’re right than you lose when you’re wrong.  Knowing this, traders have learned to accept failure as part of the game, but they also use the information they acquire from their mistakes as a learning tool.  Frequently, what they learn from losing money is more valuable than what they learn when they make money

ICICI Bank
 
ICICI bank after a 130 points decline in matter …