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 »
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 »
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 »
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 »
BPCL Buy above 333 Tgt 335.7,339 and 342 SL 330 Sell below 328 Tgt 326,322 and 318 SL 330 IDEA Buy above 175 Tgt 176,177 and 178 SL 174.2 Sell below 173.5 Tgt 172.4,171.4 and 170 SL 174.2 IDFC Buy above 101 Tgt 102.2,103.6 and 105.2 SL 100.5 Sell below 99… Read More »
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 »
Yes Bank Buy above 366 Tgt 369,372 and 377 SL 362 Sell below 358 Tgt 352,347 and 340 SL 362 Bajaj Auto Buy above 1952 Tgt 1965,1982 and 2020 SL 1935 Sell below 1931 Tgt 1921,1905 and 1891 SL 1938 Axis Bank Buy above 1118 Tgt 1127,1136 and 1144 SL 1110 Sell below… Read More »
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 »
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 »
• 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 »