What It Takes to Trade for a Living

Trading isn’t easy, especially if you’re trading for a living. No matter how simple, powerful, and proven a great trading system is, there are always going to be times when your fortitude is tested.  There are always going to be times when the market chews you up and spits you out. At such times, you … Read more What It Takes to Trade for a Living

DLF,PNB and BHEL trading call

DLF DLF is forming an symmetrical triangle signalling an explosive move round the corner,Positional traders should keep an eye of 152 level any close above it DLF is heading towards 157 in short term. Buy above 150 Tgt 151.3,153.2 and 154.5 SL 149.2 Sell below 148 Tgt 146.8,145 and 143 SL 149.2   BHEL BHEL … Read more DLF,PNB and BHEL trading call

FII Data Analysis for December Series

November 2013 is one of the best series till date as Nifty has closed above 6092 after making a new life high of 6342. December series has two crucial events one is State election results which will be declared on 9 Dec and 18 Dec RBI policy. From Historical Data only 3 Years ie 2000,2001 … Read more FII Data Analysis for December Series

11 Biases That Affect Traders

Overconfidence As the name suggested, it is the irrational faith in one’s skills, methodology or beliefs. For example, you see a certain chart pattern and make a maximum leveraged trade, even though you understand that any chart pattern cannot predict market with certainty. Trading excessively after a winning streak also shows overconfidence. Cognitive Dissonance It … Read more 11 Biases That Affect Traders

FII FnO data analysis for November Expiry

FIIs sold 208 contracts of Index Future (bought 14753 long contract and 14961 shorts were added) worth 7 cores with net Open Interest increasing by 29714 contracts.So we are heading for an explosive expiry Bullish move only on close above 6140 and Bearish below 5972 in between its just playing in range. Today is expiry and looking … Read more FII FnO data analysis for November Expiry

FII F&O data analysis for 27 Nov

FIIs sold 529 contracts of Index Future (bought 1824long contract and 2353 shorts were added) worth 16 cores with net Open Interest increasing by 4177contracts.Clearly mentioned yesterday we are not out of woods and saw the trailer today, Picture abhi Baki hai !! As mentioned yesterday  Bullish move only on close above 6155 odd levels,below it can … Read more FII F&O data analysis for 27 Nov

Election 2014: Modi’s multiple challenges

Interesting Report on Election 2014   Global investment banking firm Goldman Sachs had on November 5 upgraded its rating for Indian markets from underweight to market-weight on the back of what it calls the change in India’s political climate. The latest Goldman Sachs report observes: “Equity investors tend to view the BJP (Bharatiya Janata Party) … Read more Election 2014: Modi’s multiple challenges

Winning Principles for trading

• In life, if you risk everything enough times you will eventually lose everything. Instead, just move in the direction of your goals every day, so even with setbacks, in the long run you will get to where you are going. • Before making any decision in life, the question: “What do I have to … Read more Winning Principles for trading