The day I started trading I hoped to make lot of money, and ultimate goal of every trader is to trade for a living. My Guru asked me how you are going to make “a lot of money”, I said some blah blah but Honestly speaking I did not had any concrete answer. Somewhere in… Read More »
Everyone wants to know how much money they can earn if they learn to trade. Can they fulfill their financial goals and make trading for a living. Trading as a Business offer flexibility in schedule, working from any part of world, there would be no hassles with customers or employees and low overhead expenses ie.… Read More »
FIIs bought 45375 contracts of Index Future worth 1198 cores with net Open Interest decreasing by 37997 contracts.So FII were on short covering spree today. After covering they went long and pushed bank nifty to 9% up. A move not seen in recent trading history. Nifty is approaching the higher end of falling trend line… Read More »
Self-Confidence is one of the most important quality required by human being in any business venture. Professor Raj Persaud posits that true self-confidence comes from an attitude where you: Promise yourself, no matter how difficult the problem life throws at you, that you will try as hard as you can to help yourself. You acknowledge… Read More »
BHEL BHEL is forming an triangle formation signalling an explosive move round the corner. Positional traders can buy above 131 for target of 138 and 144. Failure to close above 131 will take stock back to 123 odd levels. Intraday Traders can use the below mentioned levels Buy above 128.5 Tgt 131,134 and 138 SL… Read More »
FIIs sold 68508 contracts of Index Future (Sold 2234 long contract and 26498 fresh shorts were liquidated) worth 648 cores with net Open Interest decreasing by 28732 contracts.So FII shorted 50K contract yesterday has exited 26K contract in today’s rise and are still holding the remaining 23K contracts.So net to net basis are still short in market.… Read More »
When you first learnt about the potential of trading, hearing lot of rags to rich story, a normal person do get tempted and probably venture towards trading. But then, just before you started trading, you heard stories of traders losing fortune and the Stock Market Scams of Harshad Mehtha, Ketan Parek and Satyam Scam .… Read More »
Axis Bank Axis Bank is trading near its medium term support of 772 as shown in above weekly chart.Any close below 754 gives short term target of 700. Intraday Traders can use the below mentioned levels Buy above 792 Tgt 802,809 and 825 SL 781 Sell below 770 Tgt 760,753 and 744 SL 781 … Read More »
FIIs sold 68508 contracts of Index Future (Sold 17545 long contract and 50963 fresh shorts were added) worth 1850 cores with net Open Interest increasing by 33418 contracts. So news like S&P downgrading India and Attack over Syria added fuel to the fire and lead to panic selling by Retailers and FII also shorted big time. Nifty… Read More »
In Continuation of previous Article Secrets of Highly Profitable Traders Part-1 1. Passion and Fire to Keep going The most successful traders are passionate about what they do. They love trading however taxing it might become and they are ready to put lot of hard work.With such a trader, you will find that the trader enjoys… Read More »