Tag Archives: Contrarian Approach

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,

Bank Nifty & Nifty Trading Strategy for 21 June’13

Nifty as on 20 June’13– 5655.90 (-166.35)    Bank Nifty as on 20 June’13– 11375.40 (-477.25)

What else we can say, we hope our Analysis and unbiased view helps to mint money from the market. Do we actually need to justify that we had advised our readers at right time with right strategy and view. We don’t think so, our work speaks itself, only we can say is, we are writing with dedication, and here you don’t find anything, which is just for attracting viewers count. In our last article, we had clearly shown you the direction, how to trade in Nifty, but as human nature it was difficult to trust blindly. We advise our readers to read our weekly and daily articles, and keep reading.

Soon, we are again starting our paid services, if anyone of you are interested than do let us know. Product and pricing details will be provided accordingly.

It was expected that Nifty and Bank Nifty will either open gap up or gap down, and finally, we don’t need to wait for opening, global markets were trading on weaker note, which was very obvious signal that market has to open gap down. Similarly, Bank Nifty opened 11677.35 and that was the high for the day, made a low of 11347.55.

Continue reading