Nifty Technical Analysis amid Global market correction

This is what we discussed yesterday Bounce was on back of low volumes and will not be surprised nifty retracing the whole up move tomorrow. 34 HEMA @ 7773 needs to be closely watched tomorrow. As per EW also Nifty made short term top of 7837 and can see a downmove till 7581.  Global markets … Read more Nifty Technical Analysis amid Global market correction

Nifty July Expiry Analysis

FII’s bought 16225 contract of Index Future worth 638 cores, 33.3  K Long contract were added  and 16.9 K short contracts were added by FII’s. Net Open Interest increased   by 50.2 K contract.FII’s have net 89 K contract of Shorts open and 85.8 K Contract of Long open in current series. If we removed last 3  … Read more Nifty July Expiry Analysis

Trading Comparison: Amateur Traders Vs Professional Traders

“A trader is the weakest link of any trading system” (Alexander Elder) During one of my trading Seminar a student asked the following “After 4 years of winning and losing hundreds of trades and blowing out several accounts both demo and live, trying different systems, experimenting with many strategies, I am still unable to achieve … Read more Trading Comparison: Amateur Traders Vs Professional Traders

Trading vs Gambling – Is there a Difference?

Put a  trader in a group of non-traders and the conversation will inevitably turn to gambling.   At a recent family gathering I was asked about my share trading by an interested (or polite) family member, to which I responded with my usual cheery, ‘Good thanks!” I had just mentioned that we were planning on selling … Read more Trading vs Gambling – Is there a Difference?

LT,BoB and Auro Pharma Elliot Wave Analysis

Larsen 1652 needs to be watched closely, Closing above it 1686/1741 are short term target, ANy close below 1652 target comes @1631/1597. Buy above 1672 Tgt 1686,1703 and 1730 SL 1658 Sell below 1652 Tgt 1633,1623 and 1606 SL 1658     Bank Baroda 843 needs to be watched closely in  BoB, Closing below it … Read more LT,BoB and Auro Pharma Elliot Wave Analysis