Monthly Archives: November 2011

Nifty Weekly Technical Analysis for Week 21 Nov

By | November 20, 2011 3:41 pm

Nifty on WoW basis is down 5.5% with a waterfall decline. Fundamental Factors impacting the fall European cues and our internal cues high inflation with rising interest rates, policy jam at New Delhi, Rising fiscal deficit and current deficit and Corporate profitability under pressure had led FII to pull out money from India Equities. The… Read More »

Technical Analysis:Bank Nifty,ICICI and SBI bank

By | November 15, 2011 8:54 am

“I know it may sound strange to many readers, but there is an inverse relationship between analysis and trading results. More analysis or being able to make distinctions in the market’s behavior will not produce better trading results. There are many traders who find themselves caught in this exasperating loop, thinking that more or better… Read More »

Technical Analysis:RIL,ICICI Bank and TCS

By | November 14, 2011 7:52 am

A common phase for newer or struggling traders is to become fixated on a particular view, possibly becoming a little too rigid in their approach. I’m not advocating a wishy-washy approach here, just pointing out that the market itself is not moved by precision and logic, but by perception and emotion.  Successful discretionary trading requires… Read More »

Nifty Weekly Technical Analysis for Week Starting 14 November

By | November 13, 2011 9:48 am

  Discipline – Majority of traders are not disciplined in their approach, else they would not be failing. These failed traders simply hate to hear the word Discipline! As Jack Schwager points out in his book, ‘The New Market Wizards’, “Discipline was probably the most frequent word used by the exceptional traders that I interviewed. Often… Read More »