Monthly Archives: November 2013

Nifty & Bank Nifty Weekly Technical Outlook for 02nd Dec, 2013

Nifty Daily Chart

Nifty Daily Chart

Bank Nifty Daily Chart

Bank Nifty Daily Chart

“Ham Me Hai Hero”

Every market runs on hope, greed and fear, for that matter, in fact every business runs on the same principles, and it is those who understand the psychology in best possible manner wins the race, turns out to be a hero of the game. For our markets, somebody calls FII’s as a Hero of the market, or sometimes we feel that they are purposely portrayed as a hero, basically their unity, understanding and money flow gives them upper hand to diktat the market. But, if our understanding is right, we have done our home work and remained objective than we can proudly say that “Ham Me Hai Hero”

Expiry is over, and now everybody is eyeing on Election results which are due in next week. Many speculations rolls around the market, about USD/INR situation, impact post result announcements. At this juncture traders are more concerned about their standing position other than nation’s future, hard fact, but reality. In this situation we are trying to analyze things in our way, with clear focus on what should be the trading strategy in the coming weeks.  If you wish to read more about our understanding than you need to register here

Nifty & Bank Nifty Weekly Technical Outlook for 25th Nov, 2013

nifty technical analysis charg

Nifty Daily Chart

Bank Nifty Daily Chart

Bank Nifty Daily Chart

Learn from yesterday, live for today, hope for tomorrow. The important thing is not to stop questioning. – Albert Einstein

We agree or disagree, market always gives us a chance, and it is we, who actually don’t understand the signal and keep on expecting and finally reach a stage where we don’t have an option but just to break down.  To trade and succeed in the markets is always a challenging task and it is going to remain more challenging in days to come, but mantras for any success is keep practicing and learning from your mistakes, lay down your rules and follow them religiously. At Way2Profits we have our own rules, and guidelines and we strictly follow them, and that is the reason we can help you to judge and trade the market in right direction.

To read, our understanding, you just have to Click here to register, and our report will get deliver in your mail box by Sunday evening.

Nifty and Bank Nifty Technical Analysis for 20 Nov’13

Nifty as on 19 Nov’13– 6203.35 (+14.35)    Bank Nifty as on 19 Nov’13– 11187.85 (+45.55)

After smart reversal of one day, prices remained almost stagnant throughout a day, what does this signify? Lack of consensus, lack of triggers, lack of confidence, or suddenly group which was earlier active went on to holidays. Or does this indicate, risk , caution, silence before the storm?

Even, in last session also we said that we would be looking, how Nifty is reacting at 6200 levels, and just see how coldly it remained stagnant there.

Now, we know that in today’s session or may be tomorrows session, market will open in such a way that most of the traders will not get any chance to build a position in the market, it is clear Game Plan, and if you are not confidence than you will stuck in wrong shoe.

Keep visiting Way2Profits, for genuine & unbiased Daily view on the Nifty and Bank Nifty.

Nifty and Bank Nifty Technical Analysis for 19 Nov’13

Nifty as on 18 Nov’13– 6189.00 (+132.85)    Bank Nifty as on 18 Nov’13– 11142.30 (+331.10)

What smart reversal, although it was difficult to monetize this move as it already opened gap up, and in such situation it becomes extremely tricky to initiate position.

Anyways, recent setup is indicating that bullish momentum will continue in days to come. But, we have to see how Nifty reacts near 6200 levels, above which Nifty will attempt to retest the swing highs, but whether it succeeds or fail is a big question.

Keep visiting Way2Profits, for genuine & unbiased Daily view on the Nifty and Bank Nifty.

Nifty & Bank Nifty Weekly Technical Outlook for 18th Nov, 2013

Bank Nifty Daily Chart

Bank Nifty Daily Chart

Nifty Daily Chart

Nifty Daily Chart

Everything we hear is an opinion, not a fact. 

Everything we see is a perspective, not the truth. – Marcus Aurelius 

As always there will be difference of opinion between two generations, and that difference gives birth to revolution and new practices. Market trading was very different than what it is now. We all know the mantra which we used to hear from our earlier generation, that “Buy It & Forget It”, and trust us we come to in close contacts with few gentleman’s who made lot of money and still enjoying their fruits in their retirement. But, now everything has become dynamic, investment has transformed into trading, FII’s buying and selling pattern has changed in last couple of years. Earlier, they use to look at yearly returns, than they started looking at Monthly, than Weekly and now they are concerned about intraday volatility and momentum, still there are few who follow old practice, so we’ll not claim that everybody is in same foot. Point we are trying to make is, all long term forecast (some are making predictions as well, don’t know how), are good to prove the smartness and understanding of individual analyst, but is that good for your trading. Answer lies to you.

At Way2Profits, we try to follow one simple practice, to stay with trend (if it’s there), sometimes we fail and sometimes we manage to catch it in right manner, fortunately, last week we were at right side, hopefully next week. To read, our understanding, you just have to Click here to register, and our report will get deliver in your mail box by Sunday evening. And yes, we neither make any forecast, nor we have magic stick for making predictions.

Nifty and Bank Nifty Technical Analysis for 14 Nov’13

Nifty as on 13 Nov’13– 5989.60 (-28.45)    Bank Nifty as on 13 Nov’13– 10523.40 (-59.70)

Nifty and Bank Nifty both closed near to our expected levels, and now it’s thrilling situation for us, whether market breaks or holds above this levels, or just gives false breakout and take reverse? We don’t know, what is going to happen.

In today’s session we might see some profit booking, as Moharram Holiday of 14 Nov is postponed by one day i.e. on 15 Nov, and then after we have weekend, so probably traders may not carry their position.

We keep close eye on 5980 and 10500 levels.

Keep visiting Way2Profits, for unbiased Daily view on the Nifty and Bank Nifty.