Monthly Archives: April 2015

Nifty Weekly Technical Outlook for 28th Apr’15

The week of Dilemma or Killing Volatility

Last week when I was writing, I was little confident that Nifty is likely to find support somewhere above 8470 levels, and I mentioned that very clearly. But, on Monday when market opened marginally higher and breached 8470, made a low of 8422.75, I was surrendered, and it was very clear that Nifty opened window for 8270 levels. Now on Tuesday & Wednesday Nifty drifted further lower, made a panic low of 8284.70 and recovered sharply from the lows, formed Hammer kind of candlestick pattern, which again reinstated hope of recovery in left over days, but unfortunately I was right only for first half of Thursday, in second half Nifty again gave up all the gains, and lastly on Friday it made another low of 8273.75 and lastly closed at 8305.25. Generally, I don’t prefer to bore you with describing last week’s price action, as it is of less use now, but In last five sessions we have seen extreme volatility, in an intraday Nifty moves were crazy and trust me whether you are long or short you are bound to give stop loss, no matter how smart you are, unless and until you are a positional trader and holding position without stop loss.  Honestly speaking trading such market becomes very difficult.

nifty weekly chart 28 apr

Now let’s see how we should approach this market, for detailed analysis you need fill in details here and our newsletter will be dispatched in your mail box by tomorrow. Click here to register, Please note if you are already registered then there no need to register again, you’ll shortly receive newsletter.

Nifty Weekly Technical Outlook for 20 Apr’15

It’s all about Analysis???

Most of the hardcore traders starts their day with preparation, they prepared themselves in advance with action plan for some probable scenarios (if you don’t fall in this category, then I would suggest follow this rule strictly). Even I start my day with work done last night, and most of the time I go right and feel proud of myself. Now, you must be thinking that I am applauding myself, right??? No, I am not. The point I am trying to make is even after going right on analysis part, I am losing on my trades. Now, you must be thinking how it is possible? Let me come directly to the point, last week in the beginning itself I was anticipating that Nifty is likely to find resistance near 8850-8900 levels, and which I had already shared here, however, when Nifty made a high of 8844.80 I was anticipating further rise, may be gain of couple of more points, but eventually Nifty gave up all the gains on same day and closed significantly lower. Now, the bull inside me stopped me to look real picture, and still I thought maybe it is just one day, you might see some recovery tomorrow, but it did not materialized and now we are standing at 8606 levels. By sharing this thought, I am trying to make a point that, it is not just analysis; it is also your mindset which plays vital role to make you a good trader. Let’s check the current health of the market and how to remain more vigilant and objective to get best out of the market.

weekly technical analysis 20 Apr'15

 

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Nifty Weekly Technical Outlook for 13th Apr, 2015

Win over your emotions.

Many of my readers must be thinking that, it is easy to do an analysis and writing once market is over. I certainly agree with them, and may be after looking at last Thursday’s  and Friday’s price action, when Nifty almost gave a signal of breaking down and recovered from the lows. Honestly, it is very difficult to stay firm and maintain long position, if you are sitting in front of screen, even it was difficult for me. Today it is very easy for me to say that Overall tone of the market is Bullish, and Nifty was about to go higher after making a low. No I wouldn’t say this, rather I would admit that it was difficult and challenging task. From above observation, time and again I am coming across only one thought; You can make money in the market not with winning strategy, but with winning over your emotions.  Continue reading

Nifty & Bank Nifty Weekly Technical Outlook for 06th Apr, 2015

Last week, we discussed about three possible scenarios which could take place, and Nifty maintained to stay float above 8269 levels. On 7th April RBI monetary policy would be announced and moreover market participants are expecting one another rate cut in this policy, now it is difficult to judge and say that how market reacts based upon the announcements, status-quo in the policy turns out to be disappointment, or market takes it lightly and move in its own rhythm. Now let’s take a look at what charts are suggesting.

nifty weekly technical analysis 06 april'15

 

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When charts is suggesting you everything!!!

Markets are closed and now I am seating in a peace and just going through my charts. Generally when markets are opened I don’t get much time to look at long term charts, there you try to find momentum and try to en-cash the available opportunity. By looking at few of the long term charts I get amazed by few simple observation, and thought how easy it is to make money in the market, but all that is in the hindsight, in reality when you have taken your position, generally all analysis is being put to the side and get attached with the position and plus-minus figure of your sheet. I was just imagining that should it this position would have kept I would have made lot of money.  Let me attach few charts to make my point clear.

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