Monthly Archives: July 2014

Steps to create trading journal

By | July 22, 2014 4:25 pm

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 »

Nifty forms rising wedge pattern, FII data analysis

By | July 21, 2014 11:26 pm

  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 Weekly Outlook as per Fibo and Elliot wave

By | July 20, 2014 6:45 pm

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 »

Bank Nifty Weekly Outlook as per Fibo and Elliot wave

By | July 20, 2014 4:02 pm

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 »

Enemy of Trader

By | July 18, 2014 4:55 pm

The speculator’s chief enemies are always boring from within. It is inseparable from human nature to hope and to fear. In speculation when the market goes against you you hope that every day will be the last day — and you lose more than you should had you not listened to hope — to the… Read More »