SAIL CHART UPDATE

   

NIFTY CHART PATTERN UPDATE FOR 18 APRIL

RETRACEMENT LEVEL 38.2% OF PREVIOUS UP MOVE IS COMING AT 5644 AND 20 DAY MOVING AVERAGE IS NOW AT 5631 IF HOLD THEN ANOTHER SHARP UP MOVE TILL 61.8% RETRACEMENT LEVEL (5868) AS SHOWN IN THE CHART MAY KISS VERY SOON.

KEEP STOPLOSS OF 5610 WHICH WAS THE PREVIOUS RESISTANCE LEVEL AND BE IN POSITIVE DIRECTION.

CLICK ON CHART BELOW FOR ITS LARGER VIEW.

5 Effective Rules For Trading Success Regardless Of What You Trade

There are some basic principles and rules that will make you as successful traders trading either you are stock traders, option traders, future traders, and even Forex traders. It doesn't matter what you trade, but it’s matter how you trade that makes you successful or not !

Rule 1: Follow Strict Trading Plan.

The biggest enemy to your trading success is not the market. It’s YOU. And you are the biggest enemy because of your emotion. This is the first rules that why traders fail. It is human nature to want to vary or break rules and it takes discipline to continue to act in accordance with the established rules. Made simple but effective trading plan and stick on that. Don’t change on every trade.

Rule 2: Be perfect on One Strategy At A Time.

Never jump from one trading style to another. Be perfect on one style and strategy first rather than becoming average at several. Focus and work hard to completely understand every angle, abnormality, risk, and then move on to Iron condors..

Don’t be a jack of all trades master on none. Try to become master on one simple rule.

Rule 3: Become a chartist. Chart tells everything (My Favourite).

Stop hoping and wishing already !  Chart tells everything. Try to read its pattern not your hope. Everything reflect in the price and pattern when it comes to technical analysis – this is why I favor it over any other system. Master the charts and let them guide you.

Rule 4: Stop The “Analysis Paralysis”

Most people just analyse –analyse and analyse but never get in! To much analysis may confuse you. How are you ever going to learn? Start small but keep trading. Find simplest pattern which is easily readable. Don’t enter in complicated pattern which you can’t read easily. Money can made only in simplest chart pattern.

Rule 5: Find when to trade.

We all trade for 2 simple reasons: Money and Freedom. In order to succeed listen always the system. A traders should governed by his or her system, not by the circumstances of the moment, the market, or the outcome of few trades. You don’t know what is successful or what fails if you constantly change your reasons for trading. Get a coach, or join a trading community to keep you accountable.

If you can integrate these insights into your own psychological mind set, you’ll gain a significant edge in the market. I can’t stress this enough: the right mind set is one of the keys to investment success, and most traders fail to understand this.

Nifty Eyes Multi Level Money Making Club aim is to provide all traders complete and advance technical analysis knowledge and work together to trade in Indian stock Market and commodities Market. This is for complete beginners to pro traders who will develop the skills how to trade and invest through our online trainings, meetings and lessons....

There are many ways to approach the markets and having the discipline to follow a solid trading plan is critical to success. Here at the club we will constantly work together with members to develop trading strategies; a key element to profitable trading being pro-active money management.

JOIN NIFTY EYES MULTILEVEL MONEY MAKING CLUB

PROFITING FOE EVERYONE

written by :- Rajesh kumar singh

The 14 Stages Of Trading Psychology…

The chart below is a visual representation of the 14 stages that I’ll cover below. This would be a great visual to print out and put in your office or desk to remind you to ask yourself: “Where am I right now?”

ANGRY BULL

 

ANOTHER THREE WEEK IS IN FAVOR OF BULLS AND 5860 IS ON CARD. WEAKNESS WILL BE ONLY BELOW 5620 NOW. A MINOR CHANNEL RESISTANCE IS AROUND 5760. CLOSE AND SUSTAINING ABOVE 5760 NEXT TARGET IS 5860. THIS COULD BE TERMINATION OF RALLY BECAUSE I CONSIDER THIS RALLY AS A CORRECTIVE BOUNCE OF B WAVE OF C. WE WILL REVIEW AT THAT TIME.

ACCORDING TO OPTION OPEN INTEREST 24 LAKH FRESH SHARES ADDED IN 5700 PUT INDICATING THAT 5700 PUT IS BEING WRITING IN RISING TREND  AND IT IS EXPECTED THAT TOMORROW NIFTY MAY GIVE CLOSING ABOVE 5700. AFTER A SHARP JUMP OF 130 POINTS IT MAY SPEND SOME TIME IN CONSOLIDATION. AFTER THAT WE MAY SEE ANOTHER BIG JUMP UP TO 5860 IN NEXT 10 TRADING SESSION. 5900 CALL OI ADDED 9 LAKH FRESH  OPEN INTEREST. IS MARKET IS PREPARING THIS LEVEL BEFORE THIS EXPIRY. LETS SEE WHAT HAPPEN.

Trade Hard or Trade Smart

Three things are very important in market. 1. Direction 2. Better entry and 3. Better exit.

Made your trading simple but profitable. Join Multilevel money making club and learn simple trading system.

The only place where people made only profits.

Good luck.

NIFTY BLAST

I GAVE YOU ROAD MAP YESTERDAY UP TO 5696. NIFTY REACHED THIS LEVEL IN A SINGLE JUMP MADE HIGH OF 5699.

CHEERS!!!!!!!!

BANK OF BARODA

 

CLICK ON CHART ABOVE FOR ITS LARGER VIEW

TECHNICAL BREAKOUT SEEN ALONG WITH 20 DAY MOVING AVERAGE BREAKOUT ON BANK OF BARODA CHART AND EXPECTED THAT STOCK MAY ZOOM TO 734 LEVEL IN VERY NEAR TERM. BUY THIS STOCK WITH STOP LOSS AT 658 FOR AIM AT 730 LEVEL IN VERY SHORT TERM.

                    

JOIN NIFTYEYES MULTI LEVEL MONEY MAKING CLUB  AND LEARN THE SMART WAY OF TRADING AND ENJOY TENSION FREE TRADING.

NIFTY HOURLY CHART CURRENT UPDATE

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NIFTY AND BANK NIFTY WEEK AHEAD

Infosys worsen the mood of bulls and drag nifty up to 5494 level in Friday's session and till day end nifty manage to closed at 5528 level. Infosys dropped -22.07% in a single day due to worse guidance and closed at 2273. But Bank nifty and Sbin both ignored infosys and jumped higher in falling market.

Nifty trading in ending diagonal pattern and, until unless nifty give breakout either side will give heart beating move in market. Leave nifty further and index trader trade in bank nifty to avoid high volatility in nifty. Nifty 5500 call added 7.5 lakh fresh contracts in open interest and 5500 put decreased 6.4 lakhs contracts from open interest indicating fear concept around 5500 level in market. 

The market will remain sideways and volatile for the coming week also, which will be a truncated one due to a holiday on Friday (19 April) for Ram Navami. Global factors will give an impact on the market, but investor’s eyes would be at developments on the domestic front. Reliance Industries quarterly result is on 16 April (Tuesday). A day later, IT major TCS will give quarterly report. TCS' results will be keenly eyed, particularly after Infosys result. HDFC Bank, Axis Bank, ICICI Bank, Cairn India, Ultra tech Cement and Maruti suzuki will give their quarterly results in next 15 days. And it will give a cautious approach in market. On the economic front, the inflation data is due for release on Monday. The government will announce the inflation figure for March 2012 on 15 April (Monday). An unexpected drop in retail sales in March and a decline in consumer sentiment dragged down stock prices on Wall Street on Friday and the mood on the Indian market will largely be impacted by quarterly results.

NIFTY DAILY CHART

NIFTY WEEKLY CHART

NIFTY HOURLY CHART

 






BANK NIFTY DAILY CHART