Category Archives: Gaps

Nifty & Bank Nifty Weekly Technical Outlook for 03rd Feb, 2014

Nifty Daily Chart

Nifty Daily Chart

Bank Nifty Daily Chart

Bank Nifty Daily Chart

 

Winners make a habit of manufacturing their own positive expectations in advance of the event. – Brian Tracy

Well, we have to agree with above quote. It is said that if you don’t believe in yourself than nobody is here to believe in you, so first you have to believe in You. Time and again we are saying and it is proved that nobody can stay right all the time in the market, even best of best traders are ready to accept their defeat and that is why they are best and winners, but even to prove wrong you have to have view and confidence in your understanding or for that matter in your trade. Yes, there is very thin line between faith, confidence and overconfidence.

Last week, Bears have confidence in their working and they proved it, but fruits of success were available only for that trader who has smartly taken position on Friday only, because there was choice available on Monday, as market opened sharply lower.

To understand and trade wisely let’s take fresh look on the market and see whether we can take something out of it or not?

From last year or so we are helping our readers to reduce the confusion, and give straight view. If you want to know on which side of the market should you take the stance, than just subscribe to our weekly newsletter. Click here to register,

Nifty Weekly Technical Outlook for 01st July, 2013

Surprising- Gap Up, just after expiry.

Nifty Weekly Chart as on 28 June, 2013

Nifty Weekly Chart as on 28 June, 2013

Nifty Daily Chart as on 28 June, 2013

Nifty Daily Chart as on 28 June, 2013

Week ends and we start evaluating ourselves, whether we went right or wrong. It is time to rectify and learn from the mistakes. We never expect to go right every time with every trade, but even if we succeed by more than 70%, then we believe we are on a right track. Now, it is up to our readers and decides whether we went right or wrong, during last week. Feel free to write your comments.

For us trading in the markets are like playing some adventurous games, where we have to undergo many emotional factors, of fear, greed, anxiety, and what no, and finally our bank accounts shows whether we are able to succeed or still we have to do bit more.

Generally week of expiry is always bundled with full of drama and unexpected moves. To us Fridays move was unexpected. If you are a market savvy then you must agree with us that, next day after expiry is very dull kind of session, like market is on holiday mood; but, it worked otherwise.

To read further Download