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 also have to deal with feelings of staying with the big one.
Bank Nifty
 
Bank Nifty reacted from its 200 dma as shown in above chart. Stock is approaching its trendline support 9430. Break below this  will lead …

 Below is my Interpretation of FII OI data Sheet for 30-Jan-12.

1. FII  sold  45281  Contracts in NF worth 1154.94  Cores in Index Futures with Open Interest decreasing  by 30877 contracts.
2. As NF was down by 100 Points and Net OI has decrease by 30877 contracts it signify FII have started booking profits in there long trades. We do not have a conclusive evidence as per Data Analysis they have shorted on a large quantity the INDEX.

3.What make me think so I would ask readers to go through the Analysis on 25 …

Nifty had a fantastic start of year up 12.6% till date rising on back of equity buying by FII and value buying seen by HNI and retailers.
FII has pumped in 8000 cores in Jan Month alone,One of the biggest buying streak seen in recent times. Next week will be an interesting trading week as Nifty is approaching the crucial 200 DMA zone .
Last week we discussed Nifty Trend deciding level as 4995  is bound to move up and same happened this week with Nifty made a high of 5217 just …

90% of option traders lose money

Even people who are highly knowledgeable about the financial markets and work in the industry do poorly. There is evidence all over the place that losing money in options is normal and “everyone in the know knows it”.
I never got good at options trading, but I never encountered anyone else who was good at it, either. Some people admitted that they lost money overall, while others, although they spoke readily of their wins, were evasive about losses and totals. This was less surprising when I …

Bank Nifty
 
Bank Nifty will face litmus test today.200 SMA @9466 High till now is 9455.  Bank Nifty was a good short in opening but i was unable to update timely.

Sell below 9721 Tgt 9698 and 9634

 
Reliance Industries

RIL moved above 100 SMA@792 in morning and made a move till 812 till now.

Intra Players Short around 812-816 Range Keep Sl of 821 Tgt 808,800 and 792
Positional Players wait for 830-840 range to where cluster of trend line are meeting to take positional shorts.

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