Successful traders have a lot to learn from sportsmen

[ Thursday, March 23 | 0 comments ]
If you ever met a successful trader one thing you would have noticed most of them in some part of there life were related to sports. What’s the connection between being an  sportsman and stock market trader? I believe it has everything to do with the qualities and the mindset that these individuals have. I…

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Nifty holds on to 9030-9035 range,EOD Analysis

[ Wednesday, March 22 | 0 comments ]

  • FII's bought 14.2 K contract of Index Future worth 1053 cores ,8.5 K Long contract were added by FII's and 3.2 K Short contracts were added by FII's. Net Open Interest increased  by 14.2 K contract, so fall in market was used by FII's to enter long and enter short in  Index futures. Trade Outside Your Comfort Zone
As discussed in last analysis   Nifty has taken support near gann arc and also near the gann angles and closed near 9130 levels,suggesting if 9100 level is held we can see upmove towards 9200/9250. Bearish below 9100 for a move towards 9040/9000. As per time analysis next 2 days we can see trending day. Low made today was 9087 and we recovered and close above 9100 and near gann angle. Break of 9087 we can see down move till 9034. 9034-9030 is important support zone, Bearish below 9000 only. Bullish above 9150 for a move towards 9212/9268. Nifty gave the big move we were expecting as per time cycle but it happened
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Bank Nifty break the gann angle with gap down,EOD Analysis

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As discussed in Last Analysis  Big move can be seen in next 2 days as per time cycle. Bank Nifty broke 21000 today made low of of 20967 but closed above 21000 thus whipsawing traders who took short trades. Close is above 21000 and also near gann angles suggesting big move round the corner. Longs can be taken near 21000 for a move till 21120/21220. Breakout only  on close above 21300. Bearish below 20950 for a move till 20850. Range of 20850-20880 is important demand zone once 21000 is broken. Bank Nifty gave the big move we were expecting as per time cycle but it happened in gap down most of the trades missed the move. Now Bulls should keep eye on 20870 levels, above it only we can see move towards 21000/21200. Bearish below
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Why Trading Goals are Important ?

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Setting clear, specific written goals can have an incredible effect on the levels of performance that you achieve. Goals are desired outcomes. They are what we would like to achieve. In Sportsmind, Jeffrey Hodges states that “only about 5% of people surveyed are goal setters and less than 1% have written down goals”. Given how…


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Nifty near gann angle support zone, EOD Analysis

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FII’s bought 11.2 K contract of Index Future worth 776 cores , 673 Long contract were added by FII’s and 1 K Short contracts were added by FII’s. Net Open Interest increased  by 1.7 K contract, so fall in market was used by FII’s to enter long and enter short in  Index futures. Trade Outside Your…



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