Bank Nifty continue to close above 18200,EOD Analysis

As discussed in Last Analysis Bank Nifty continue to trade near the gann angle and in range of 18200-18700, this range should get broken once the RBI Credit Policy will be declared on 07 Dec. Traders should watch for break of 18700 on upside for a target of 19000/19300. Bears will get active below 18150 for a move towards 17800/17750. In Between choppy move will continue in range of 18200-18700.  Bank Nifty broke 18150 but quickly recovered and again closed above 18200 and gann angle suggesting still the range was not broken. Till we are trading in range of 18200-18700 Buy support and Sell resistance is the best strategy.   How Comfortable you are with your trading ?

Continue Reading

How Comfortable you are with your trading ?

People will go to great lengths attempting to avoid discomfort. And as traders, much of what we do is in response to being uncomfortable. This is an extremely critical concept to understand and explains many trading problems and mistakes.

The problem is not in being uncomfortable per se, the real problem is that our efforts to avoid discomfort can easily end up making us feel worse. If you can understand why you’re uncomfortable and what your typical default reaction is to being uncomfortable, you will be well on the road to trading success.
Here are a few sign posts along the road to get you started:
You avoid the discomfort of boredom by taking marginal trades.
You try to avoid the discomfort associated with the fear of missing out by chasing.

Continue Reading

India Cement Union Bank Godrej I ichimoku cloud analysis

India Cement

Positional Traders can use the below mentioned levels

Close above 116 Target 120/123

Intraday Traders can use the below mentioned levels

Buy above 115 Tgt

Continue Reading

Nifty EOD Analysis before Dec RBI Policy

• FII's bought 3.6 K contract of Index Future worth 215 cores ,2.2 K Long contract were added by FII's and 1.4 K short contracts were liquidated by FII's. Net Open Interest increased  by 0.07K contract, so rise in market was used by FII's to enter long and exit shorts  in  Index futures. Why Traders are unable to Follow Your Trading Plan

As discussed in last analysis  Now Holding above 8130 bulls will made a move towards 8200/8250. Big Bullish momentum will come above 8250 for a move towards 8370/8444. Bears will become active below 8031 for a move towards 7972/7916. Low made today was 8130

Continue Reading

Bank Nifty EOD Analysis before Dec RBI Policy

• Bank Nifty continue to trade near the gann angle and in range of 18200-18700, this range should get broken once the RBI Credit Policy will be declared on 07 Dec. Traders should watch for break of 18700 on upside for a target of 19000/19300. Bears will get active below 18150 for a move towards 17800/17750. In Between choppy move will continue in range of 19200-19700.  RBI Policy will be declared tomorrow at 2:30 PM  Why Traders are unable to Follow Your Trading Plan
  

Continue Reading