Nifty Futures Weekly And Intraday Analysis Trend Report
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Dear friends,
If anyone of you can share your mechanism of profit booking then that will be a great help to me. I think so profit booking is the part where i make the most losses.
I know that profit booking and losses are 180 degrees apart. Just to give you an example yesterday i thought of booking my profits at 4200 and the market returned from 4202 and then gave a huge spike before i could think of doing anything and at the end i had to close all my positions at about breakeven. I think so the most important thing that i find missing in my current thinking about trading is to know what is enough and also to have the mettle to book losses if i see the trade is going against me.
Can anyone of the experts please help me
Regards
Vikas
PS - Please also tell me if the post is not meant to be here.
If anyone of you can share your mechanism of profit booking then that will be a great help to me. I think so profit booking is the part where i make the most losses.
I know that profit booking and losses are 180 degrees apart. Just to give you an example yesterday i thought of booking my profits at 4200 and the market returned from 4202 and then gave a huge spike before i could think of doing anything and at the end i had to close all my positions at about breakeven. I think so the most important thing that i find missing in my current thinking about trading is to know what is enough and also to have the mettle to book losses if i see the trade is going against me. Can anyone of the experts please help me
Regards
Vikas
PS - Please also tell me if the post is not meant to be here.
Re: Views Differ From Person To Person
You got it right Nishikant, I am trying to master TA. In particular, I am trying it in perspective of Swing Trading......
Eversince I started day trading back 4 months, I always believed that swing trading is more difficult than day trading. In a view that, on a particular day human mind(FII in particular) doesn't show lot of change in emotion..but in terms of 2-3 three days human mind could show lot of change in emotion which could wipe out your capital by around 30%...
HARI OM DEAR FRIENDS :thumb:
TECHNICAL ANALYSIS (T.A) IS A HUGE OCEAN TO EXPLORE.
YOU LEARN SOMETHING NEW AND THAT SUBJECT TAKES YOU MORE DEEPER IN IT.
NO ONE CAN LEARN T.A. BY JUST READING A SINGLE PDF FILE CONTRIBUTED TO THIS COMMUNITY BY SOMEONE WHO HAS A NOBLE CAUSE FOR OTHERS. YOU HAVE TO WORK HARDER BY GATHERING INFORMATION FROM VARIOUS SOURCES.
SO WOD BHAI, IF YOU FEEL THAT A PARTICULAR PDF FILE IS STILL MISSING SOMETHING IN IT, THEN I WOULD SAY THAT YOU ARE TRYING TO MASTER T.A. MORE EFFECTIVELY. KEEP IT UP. GOD BLESS YOU. :thumb:
JUST GO TO GOOGLE.COM AND TYPE MOVING AVERAGES OR TYPE ELLIOT WAVE IN THE SEARCH BOX, YOU WILL GET A THOUSANDS OF LINKS AND AT EVERY LINK YOU CLICK, YOU WILL GET TO LEARN SOMETHING NEW.
MURTUZA BHAI, I STARTED LEARNING T.A. FROM ANGEL BROKING. I ATTENTED A TWO DAY WORKSHOP BY MR. SAMEER WAGLE, AND LATER I HAD BEEN USING SEARCH ENGINES, AND STARTED READING BOOKS AND FOUND TRADERJI.COM TO LEARN MORE ABOUT T.A.
TRADERJI.COM OFFERS YOU A PLATFORM TO LEARN & UNDERSTAND T.A. BUT YOU YOUR SELF HAVE TO STRIVE HARD BY SPENDING TIME AT WEBSITES AND HAVE TO READ DIFFERENT TYPES OF BOOKS TO GET MORE KNOWLEDGE OF T.A.
THIS IS MY ADVISE TO ALL BEGINNERS AND TO ALL ASPIRING TECHNICAL ANALYSTS AS WELL AS TO THE SENIOR TECHNICAL ANALYSTS WHO ARE CURRENTLY A PART OF TRADERJI.COM
YOU CAN IGNORE MY ADVISE AND CHOOSE YOUR PATH. MAY THE BEST BE WITH YOU.
REGARDS,
NISHIKANT K. HADGE
TECHNICAL ANALYSIS (T.A) IS A HUGE OCEAN TO EXPLORE.
YOU LEARN SOMETHING NEW AND THAT SUBJECT TAKES YOU MORE DEEPER IN IT.
NO ONE CAN LEARN T.A. BY JUST READING A SINGLE PDF FILE CONTRIBUTED TO THIS COMMUNITY BY SOMEONE WHO HAS A NOBLE CAUSE FOR OTHERS. YOU HAVE TO WORK HARDER BY GATHERING INFORMATION FROM VARIOUS SOURCES.
SO WOD BHAI, IF YOU FEEL THAT A PARTICULAR PDF FILE IS STILL MISSING SOMETHING IN IT, THEN I WOULD SAY THAT YOU ARE TRYING TO MASTER T.A. MORE EFFECTIVELY. KEEP IT UP. GOD BLESS YOU. :thumb:
JUST GO TO GOOGLE.COM AND TYPE MOVING AVERAGES OR TYPE ELLIOT WAVE IN THE SEARCH BOX, YOU WILL GET A THOUSANDS OF LINKS AND AT EVERY LINK YOU CLICK, YOU WILL GET TO LEARN SOMETHING NEW.
MURTUZA BHAI, I STARTED LEARNING T.A. FROM ANGEL BROKING. I ATTENTED A TWO DAY WORKSHOP BY MR. SAMEER WAGLE, AND LATER I HAD BEEN USING SEARCH ENGINES, AND STARTED READING BOOKS AND FOUND TRADERJI.COM TO LEARN MORE ABOUT T.A.
TRADERJI.COM OFFERS YOU A PLATFORM TO LEARN & UNDERSTAND T.A. BUT YOU YOUR SELF HAVE TO STRIVE HARD BY SPENDING TIME AT WEBSITES AND HAVE TO READ DIFFERENT TYPES OF BOOKS TO GET MORE KNOWLEDGE OF T.A.
THIS IS MY ADVISE TO ALL BEGINNERS AND TO ALL ASPIRING TECHNICAL ANALYSTS AS WELL AS TO THE SENIOR TECHNICAL ANALYSTS WHO ARE CURRENTLY A PART OF TRADERJI.COM
YOU CAN IGNORE MY ADVISE AND CHOOSE YOUR PATH. MAY THE BEST BE WITH YOU.
REGARDS,
NISHIKANT K. HADGE
You got it right Nishikant, I am trying to master TA. In particular, I am trying it in perspective of Swing Trading......
Eversince I started day trading back 4 months, I always believed that swing trading is more difficult than day trading. In a view that, on a particular day human mind(FII in particular) doesn't show lot of change in emotion..but in terms of 2-3 three days human mind could show lot of change in emotion which could wipe out your capital by around 30%...
How to exit using SLs and TSLs
@A
I, for one, use TSL i.e. I trade in pairs, 2 Calls, 2 Puts, 2 Lots etc. in general. If I am not comfortable but something tells me that I hv to take the trade, then one.
Once the move is in your favour, after a certain point book half of the position, that way u r now gaining much more. Next keep SL at your purchase price so that even if mkt reverses, u DO NOT LOSE. Mkt still moving more in your favour - say 10 pts more - lower your SL by 10 pts. Also keep tracking major Pivots / RSR levels. If any resistance is broken, shift your SL to Reistance + 5-10 pts as SL.
Say u shorted 2 lots @ 4275. Book one at 4240. Put SL for the second at 4270. Mkt down to 4225, 4220, 4215. Put SL 4225. Mkt moved up to 4220 (optional - shift SL to 4230 coz of volatility sometimes SLs can be hit even much higher). 2 mins - SL hit, U still make a profit!!!
So you see how a SL will get u profit, if not the complete downfall but at least part of the move!!!
ALWAYS USE A SL.
In Calls/Puts 30% of your price is wiped out then EXIT w/o thinking unless some sort of pattern, inside news, confirmation of reversal etc is there.
In Stocks / Fut Lots - according to PH/PL and/or RSR levels.
Dear friends,
If anyone of you can share your mechanism of profit booking then that will be a great help to me. I think so profit booking is the part where i make the most losses. I know that profit booking and losses are 180 degrees apart. Just to give you an example yesterday i thought of booking my profits at 4200 and the market returned from 4202 and then gave a huge spike before i could think of doing anything and at the end i had to close all my positions at about breakeven. I think so the most important thing that i find missing in my current thinking about trading is to know what is enough and also to have the mettle to book losses if i see the trade is going against me.
Can anyone of the experts please help me
Regards
Vikas
PS - Please also tell me if the post is not meant to be here.
If anyone of you can share your mechanism of profit booking then that will be a great help to me. I think so profit booking is the part where i make the most losses.
I know that profit booking and losses are 180 degrees apart. Just to give you an example yesterday i thought of booking my profits at 4200 and the market returned from 4202 and then gave a huge spike before i could think of doing anything and at the end i had to close all my positions at about breakeven. I think so the most important thing that i find missing in my current thinking about trading is to know what is enough and also to have the mettle to book losses if i see the trade is going against me. Can anyone of the experts please help me
Regards
Vikas
PS - Please also tell me if the post is not meant to be here.
I, for one, use TSL i.e. I trade in pairs, 2 Calls, 2 Puts, 2 Lots etc. in general. If I am not comfortable but something tells me that I hv to take the trade, then one.
Once the move is in your favour, after a certain point book half of the position, that way u r now gaining much more. Next keep SL at your purchase price so that even if mkt reverses, u DO NOT LOSE. Mkt still moving more in your favour - say 10 pts more - lower your SL by 10 pts. Also keep tracking major Pivots / RSR levels. If any resistance is broken, shift your SL to Reistance + 5-10 pts as SL.
Say u shorted 2 lots @ 4275. Book one at 4240. Put SL for the second at 4270. Mkt down to 4225, 4220, 4215. Put SL 4225. Mkt moved up to 4220 (optional - shift SL to 4230 coz of volatility sometimes SLs can be hit even much higher). 2 mins - SL hit, U still make a profit!!!
So you see how a SL will get u profit, if not the complete downfall but at least part of the move!!!
ALWAYS USE A SL.
In Calls/Puts 30% of your price is wiped out then EXIT w/o thinking unless some sort of pattern, inside news, confirmation of reversal etc is there.
In Stocks / Fut Lots - according to PH/PL and/or RSR levels.
Last edited:
There Is No Mechanism For Profit Booking
DEAR VIKAS :thumb:
THERE IS NO MECHANISM IN PROFIT BOOKING. YOU HAVE TO DECIDE WHEN TO BOOK PROFIT AND DECIDE HOW MUCH LOSS YOU CAN STAND.
A LOT OF PEOPLE FAIL TO BOOK PROFITS. THERE ARE TIMES I HAVE SEEN PEOPLE WAITING FOR THE STOCK PRICE TO GO ABOVE THEIR BUY PRICE. I REQUEST THEM TO CLEAN IT OUT WITH NO PROFIT NO LOSS. THEY DON'T LISTEN AND AT THE END OF THE DAY, THEY BOOK LOSSES.
THERE IS NO EXPERTISE AVAILABLE FOR BOOKING PROFITS.
""""FAILURE TO BOOK PROFITS HAS GOT ONLY ONE REASON. THE REASON IS THE MOTIVE TO EARN MORE PROFIT THEN THE EXISTING ONE"""""
WHEN SENSEX WAS AT 20,000 THERE WERE RUMORS THAT IT WILL HIT 25 THOUSAND. A CLIENT OF MINE HAD GOT HIS PORTFOLIO TRIPLED AND HE WANTED IT TO SEE GROW 5 TIMES MORE.
I TOLD HIM TO EXIT LONG IN THE MARKET. BUT HE REFUSED TO DO SO. SENSEX HIT 21 K AND HE WAS STILL LONG IN HIS POSITIONS.
THEN WE ALL KNOW WHAT HAPPENED AFTER THE PEAK OF 21 K.
HE HAD LT ( LARSEN TOUBRO ) AT 2500 AND THE SAME COUNTER SOARED HIGH TO 4500 AND HE WAS WAITING FOR LT TO MAKE 5500.
I UNDERSTAND ONE SIMPLE THING " YOU EARN 500 RS THEN YOU SHOULD LOOSE 500, BUT IF YOU ARE LOOSING 1000 BUCKS THEN YOU SHOULD STOP TRADING"
EVENTUALLY YOUR FUNDS WILL RUN OUT AND YOU WILL BE LEFT DRY.
IF YOU FEEL WHATEVER I SAID IS NON SENSE THEN LEAVE IT, THERE MIGHT BE SOMEONE AT TRADERJI.COM WHO WOULD DEFINITELY HAVE A PROFIT BOOKING MECHANISM FOR YOU.
GANPATI BAPPA MORYA
HARI OM
REGARDS,
NISHIKANT K. HADGE
Dear friends,
If anyone of you can share your mechanism of profit booking then that will be a great help to me. I think so profit booking is the part where i make the most losses. I know that profit booking and losses are 180 degrees apart. Just to give you an example yesterday i thought of booking my profits at 4200 and the market returned from 4202 and then gave a huge spike before i could think of doing anything and at the end i had to close all my positions at about breakeven. I think so the most important thing that i find missing in my current thinking about trading is to know what is enough and also to have the mettle to book losses if i see the trade is going against me.
Can anyone of the experts please help me
Regards
Vikas
PS - Please also tell me if the post is not meant to be here.
If anyone of you can share your mechanism of profit booking then that will be a great help to me. I think so profit booking is the part where i make the most losses.
I know that profit booking and losses are 180 degrees apart. Just to give you an example yesterday i thought of booking my profits at 4200 and the market returned from 4202 and then gave a huge spike before i could think of doing anything and at the end i had to close all my positions at about breakeven. I think so the most important thing that i find missing in my current thinking about trading is to know what is enough and also to have the mettle to book losses if i see the trade is going against me. Can anyone of the experts please help me
Regards
Vikas
PS - Please also tell me if the post is not meant to be here.
DEAR VIKAS :thumb:
THERE IS NO MECHANISM IN PROFIT BOOKING. YOU HAVE TO DECIDE WHEN TO BOOK PROFIT AND DECIDE HOW MUCH LOSS YOU CAN STAND.
A LOT OF PEOPLE FAIL TO BOOK PROFITS. THERE ARE TIMES I HAVE SEEN PEOPLE WAITING FOR THE STOCK PRICE TO GO ABOVE THEIR BUY PRICE. I REQUEST THEM TO CLEAN IT OUT WITH NO PROFIT NO LOSS. THEY DON'T LISTEN AND AT THE END OF THE DAY, THEY BOOK LOSSES.
THERE IS NO EXPERTISE AVAILABLE FOR BOOKING PROFITS.
""""FAILURE TO BOOK PROFITS HAS GOT ONLY ONE REASON. THE REASON IS THE MOTIVE TO EARN MORE PROFIT THEN THE EXISTING ONE"""""
WHEN SENSEX WAS AT 20,000 THERE WERE RUMORS THAT IT WILL HIT 25 THOUSAND. A CLIENT OF MINE HAD GOT HIS PORTFOLIO TRIPLED AND HE WANTED IT TO SEE GROW 5 TIMES MORE.
I TOLD HIM TO EXIT LONG IN THE MARKET. BUT HE REFUSED TO DO SO. SENSEX HIT 21 K AND HE WAS STILL LONG IN HIS POSITIONS.
THEN WE ALL KNOW WHAT HAPPENED AFTER THE PEAK OF 21 K.
HE HAD LT ( LARSEN TOUBRO ) AT 2500 AND THE SAME COUNTER SOARED HIGH TO 4500 AND HE WAS WAITING FOR LT TO MAKE 5500.
I UNDERSTAND ONE SIMPLE THING " YOU EARN 500 RS THEN YOU SHOULD LOOSE 500, BUT IF YOU ARE LOOSING 1000 BUCKS THEN YOU SHOULD STOP TRADING"
EVENTUALLY YOUR FUNDS WILL RUN OUT AND YOU WILL BE LEFT DRY.
IF YOU FEEL WHATEVER I SAID IS NON SENSE THEN LEAVE IT, THERE MIGHT BE SOMEONE AT TRADERJI.COM WHO WOULD DEFINITELY HAVE A PROFIT BOOKING MECHANISM FOR YOU.
GANPATI BAPPA MORYA
HARI OM
REGARDS,
NISHIKANT K. HADGE
Nishikant, Completely agree with you on profit booking thing.
But not agree with you on your advice of exiting from market in case someone is loosing more than what he is earning.
For that, there is no trader in this market who has not lost a lot of money in the market when he entered in the market. only after few months of paying dues to the market he starts making breakeven and after few months he starts making profit.
Take my example; lost so much for last 5 months and now making brakeven and quite sure that after few months will make profit.
Its all about staying in market and learning the markets....yup someone should quit if for years he is going in losses....
Please correct me.....
But not agree with you on your advice of exiting from market in case someone is loosing more than what he is earning.
For that, there is no trader in this market who has not lost a lot of money in the market when he entered in the market. only after few months of paying dues to the market he starts making breakeven and after few months he starts making profit.
Take my example; lost so much for last 5 months and now making brakeven and quite sure that after few months will make profit.
Its all about staying in market and learning the markets....yup someone should quit if for years he is going in losses....
Please correct me.....
A Brief Technical View Of Spot Nifty
HARI OM DEAR FRIENDS :thumb:
AFTER A STRAIGHT RALLY FOR 14 WEEKS THE BULLS MADE WAY FOR THE BEARS AT LAST.
THERE IS A EXTERNAL WAVE STRUCTURE THAT HAD TO BE FORMED BY THE SPOT NIFTY.
THE BEGINNING OF THE SAME STRUCTURE STARTS FROM 3800.
""""THE EXTERNAL WAVE STRUCTURE SHOULD HAD BEEN IN THIS PARTICULAR FORMATION""""
3800 4090 - 4140 4275 - 4410 4600 - 4789 - 4947.
SPOT NIFTY HAS MADE A HIGH OF 4693 & A REVERSAL FROM THIS REGION OF 4693 WAS WITNESSED.
4789 REMAINED UNTOUCHED SO 4947 IS STILL A LONG WAY TO GO.
""""NOW IF YOU GO REVERSE IN THE ABOVE GIVEN WAVE STRUCTURE THE REVERSAL WOULD BE IN THE FOLLOWING MANNER""""
4947 4789 4600 4410 4275 4140 4090 3800
WE HAVE ALREADY BREACHED THE 4410 MARK AND HAVE CLOSED VERY WELL BELOW THAT.
ON THE DAILY CHARTS OF SPOT NIFTY THERE IS A BREAKDOWN VISIBLE.
THE 4365 REGION IS CLEARLY VIOLATED AND WE HAVE EVEN CLOSED BELOW THE 4365 REGION. THUS THE BREAKDOWN IS VISIBLE.
SINCE 4365 IS VIOLATED THE NEXT TARGET FOR SPOT NIFTY IS AT 4090 AND THE SAME REGION OF 4090 WILL BE VISIBLE, IF THE WEEKLY LOW OF 4206 IS VIOLATED IN THE COMING WEEK.
"""""ON THE UPSIDE THE SAME 4365 4410 REGION WILL ACT AS A STRONG RESISTANCE"""""
MOMENTUM INDICATOR LIKE PROC CAN BE SEEN IN THE NEGATIVE AND IT IS TRYING TO MOVE UPWARDS.
RSI IS AT 51 AND IT HAS TAKEN SUPPORT AT 50 SO TILL THE RSI RESTS ABOVE 50 A LITTLE HOPE IS LEFT FOR THE TRADERS WHO ARE LONG.
A TRIANGLE FORMATION IS VISIBLE ON THE DAILY CHARTS OF SPOT NIFTY THE BASE OF THE TRIANGLE IS PLACED AT 4090 4200 REGION.
AND THE TOP OF THE TRIANGLE IS AT 4680 4693.
SO A CLEAR CUT FURTHER BREAKDOWN FROM 4200 TILL 4090 IS NEEDED TO CONFIRM THE COMPLETION OF THE TRIANGLE FORMATION ON THE DAILY CHARTS.
""""EVEN IF SPOT NIFTY MANAGES TO GO PAST THE 4365 4410 REGION, BEARS ARE LIKELY TO MAKE A COMEBACK AT THE 4500 4530 ZONE TO DRAG NIFTY BACK TO ITS WEEKLY BOTTOM OF 4200""""
THE 50 WMA (WEIGHTED MOVING AVERAGE) IS PLACED AT 4203 THAT COINCIDES WITH THE WEEKLY LOW OF 4206 THUS PROVIDING A SECOND STRONG SUPPORT IN CASE OF FURTHER DOWNFALL.
HAVE A NICE TRADING SESSION FOR THE WEEK AHEAD.
GANPATI BAPPA MORYA
HARI OM
REGARDS,
NISHIKANT K. HADGE
HARI OM DEAR FRIENDS :thumb:
AFTER A STRAIGHT RALLY FOR 14 WEEKS THE BULLS MADE WAY FOR THE BEARS AT LAST.
THERE IS A EXTERNAL WAVE STRUCTURE THAT HAD TO BE FORMED BY THE SPOT NIFTY.
THE BEGINNING OF THE SAME STRUCTURE STARTS FROM 3800.
""""THE EXTERNAL WAVE STRUCTURE SHOULD HAD BEEN IN THIS PARTICULAR FORMATION""""
3800 4090 - 4140 4275 - 4410 4600 - 4789 - 4947.
SPOT NIFTY HAS MADE A HIGH OF 4693 & A REVERSAL FROM THIS REGION OF 4693 WAS WITNESSED.
4789 REMAINED UNTOUCHED SO 4947 IS STILL A LONG WAY TO GO.
""""NOW IF YOU GO REVERSE IN THE ABOVE GIVEN WAVE STRUCTURE THE REVERSAL WOULD BE IN THE FOLLOWING MANNER""""
4947 4789 4600 4410 4275 4140 4090 3800
WE HAVE ALREADY BREACHED THE 4410 MARK AND HAVE CLOSED VERY WELL BELOW THAT.
ON THE DAILY CHARTS OF SPOT NIFTY THERE IS A BREAKDOWN VISIBLE.
THE 4365 REGION IS CLEARLY VIOLATED AND WE HAVE EVEN CLOSED BELOW THE 4365 REGION. THUS THE BREAKDOWN IS VISIBLE.
SINCE 4365 IS VIOLATED THE NEXT TARGET FOR SPOT NIFTY IS AT 4090 AND THE SAME REGION OF 4090 WILL BE VISIBLE, IF THE WEEKLY LOW OF 4206 IS VIOLATED IN THE COMING WEEK.
"""""ON THE UPSIDE THE SAME 4365 4410 REGION WILL ACT AS A STRONG RESISTANCE"""""
MOMENTUM INDICATOR LIKE PROC CAN BE SEEN IN THE NEGATIVE AND IT IS TRYING TO MOVE UPWARDS.
RSI IS AT 51 AND IT HAS TAKEN SUPPORT AT 50 SO TILL THE RSI RESTS ABOVE 50 A LITTLE HOPE IS LEFT FOR THE TRADERS WHO ARE LONG.
A TRIANGLE FORMATION IS VISIBLE ON THE DAILY CHARTS OF SPOT NIFTY THE BASE OF THE TRIANGLE IS PLACED AT 4090 4200 REGION.
AND THE TOP OF THE TRIANGLE IS AT 4680 4693.
SO A CLEAR CUT FURTHER BREAKDOWN FROM 4200 TILL 4090 IS NEEDED TO CONFIRM THE COMPLETION OF THE TRIANGLE FORMATION ON THE DAILY CHARTS.
""""EVEN IF SPOT NIFTY MANAGES TO GO PAST THE 4365 4410 REGION, BEARS ARE LIKELY TO MAKE A COMEBACK AT THE 4500 4530 ZONE TO DRAG NIFTY BACK TO ITS WEEKLY BOTTOM OF 4200""""
THE 50 WMA (WEIGHTED MOVING AVERAGE) IS PLACED AT 4203 THAT COINCIDES WITH THE WEEKLY LOW OF 4206 THUS PROVIDING A SECOND STRONG SUPPORT IN CASE OF FURTHER DOWNFALL.
HAVE A NICE TRADING SESSION FOR THE WEEK AHEAD.
GANPATI BAPPA MORYA
HARI OM
REGARDS,
NISHIKANT K. HADGE
Last edited:
Very true.
Mkts should be down on Monday (maybe a slight upward movement in the opening range to capture some more).
The reason the mkt bounced was RIL will file case in SC for RNRL Gas problem (they should go to a doctor for gas problem - Dr Shukla). That in itself is just news - not necessary that SC will rule in their favour -- so once it starts sinking in, in the retail public's mind - we all fall down .......
BUT mind you, 4210 is good support (circuit breaker day and next day could not go above this - resistance becomes support), next is 4170 - below these I suppose bulls will just give up till gap on circuit day. 3800 levels.
BUT THIS WILL TAKE TIME and again the markets have a mind of their own and I could be wrong ....
Mkts should be down on Monday (maybe a slight upward movement in the opening range to capture some more).
The reason the mkt bounced was RIL will file case in SC for RNRL Gas problem (they should go to a doctor for gas problem - Dr Shukla
). That in itself is just news - not necessary that SC will rule in their favour -- so once it starts sinking in, in the retail public's mind - we all fall down .......BUT mind you, 4210 is good support (circuit breaker day and next day could not go above this - resistance becomes support), next is 4170 - below these I suppose bulls will just give up till gap on circuit day. 3800 levels.
BUT THIS WILL TAKE TIME and again the markets have a mind of their own and I could be wrong ....
Murtazabhai I really love this sentance of yours indeed...
we all are thinking in same direction so market may show something new to us..
any how hope for again a nice trading day for all..
Dr. Darshan
Dear Anand,
Nice job done by you....
what ever will be the direction of the market it is sure that next week will be the decider of trend and with great volatility... so trader can earn a lot if they place good trader with better stoploss...
for that you read "sir Nishikant's" thread dayly and try to read between the lines...
Mind it i am telling try to read between the lines you will never loose your trade... and first and most important believe in your trade and don't be emotional with movements and second is stick to your stoploss..... for ever...
i can say these only...(chhota muh badi baat :lol
Happy trading
Dr. Darshan
Nice job done by you....
what ever will be the direction of the market it is sure that next week will be the decider of trend and with great volatility... so trader can earn a lot if they place good trader with better stoploss...
for that you read "sir Nishikant's" thread dayly and try to read between the lines...
Mind it i am telling try to read between the lines you will never loose your trade... and first and most important believe in your trade and don't be emotional with movements and second is stick to your stoploss..... for ever...
i can say these only...(chhota muh badi baat :lol
Happy trading
Dr. Darshan
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