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,

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We are covering Major Equity, Forex& Commodity Markets, Way2Profits filters information and streams meaningful conclusions right to your inbox. Technical Research is our realm and we fathom the depths.

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