Steps to create trading journal

How you prepared for the day/week:  What was your market preparation?  What research did you conduct or consume?  What did you read?  What conversations did you have, and with whom?  How did you eat?  Sleep?  Exercise?  Prepare yourself mentally? *  How you generated your trading ideas:  Where did the ideas come from?  What was the process … Read more Steps to create trading journal

Nifty forms rising wedge pattern, FII data analysis

  FII’s bought  7669 contract of Index Future worth 295 cores, 2.8 K Long contract were added  and 4.7 K short contracts were squared off by FII’s. Net Open Interest came down by 1.9 K contract.So FII’s used today’s rise to exit the shorts and enter long positions. Nifty has been rising from past 5 trading … Read more Nifty forms rising wedge pattern, FII data analysis

Yes Bank,Petronet and CESC positional trading strategy

Yes Bank 555 should be watched closely, Closing above it short term target comes at 576/589. Closing below it short term target comes at 521. Positional traders keep Stop loss of 555 on closing basis. Intraday Traders can use the below mentioned level Buy above 555 Tgt 560,565 and 571 SL 553 Sell below 549 … Read more Yes Bank,Petronet and CESC positional trading strategy

Nifty Weekly Outlook as per Fibo and Elliot wave

Last Week we gave Chopad level of 7441, Nifty did all 3 target on upside rewarding trend follower with 200 points. Using the Golden Ratio we were able to predict the Top of Nifty around 7800 Can Nifty form short term top around 7800 ?  Lets analyze how to trade Nifty in next week.  Nifty … Read more Nifty Weekly Outlook as per Fibo and Elliot wave

Bank Nifty Weekly Outlook as per Fibo and Elliot wave

Last Week we gave Chopad Level of 14396 Bank Nifty did all the 3 target on upside rewarding Trend Follower by 500 points.. Lets analyze how to trade Bank Nifty in coming week. Bank Nifty Hourly Bank Nifty hourly charts touched the gap area and started bouncing back towards the higher end. Negative divergence are … Read more Bank Nifty Weekly Outlook as per Fibo and Elliot wave

Advice To Traders from 1923 Bubble

Your biggest enemy, when trading, is within yourself. Success will only come when you learn to control your emotions. Edwin Lefevre’s Reminiscences of a Stock Operator (1923) offers advice that still applies today. Caution Excitement (and fear of missing an opportunity) often persuade us to enter the market before it is safe to do so. After a … Read more Advice To Traders from 1923 Bubble

IDFC,Bajaj Auto and United Spirits Elliot wave analysis

IDFC IDFC has complted its butterfly pattern which is bearish in nature.Positional traders should look for close below 157 for short term target of 152/149 and 144. Buy above 160 Tgt 162,164 and 166 SL 159 Sell below 157 Tgt 155,152 and 149 SL 159   Bajaj Auto Bajaj Auto is on verge of starting … Read more IDFC,Bajaj Auto and United Spirits Elliot wave analysis