Nifty Analysis for 22August2011

Nifty Conservative Trading 
--------------------------------
Nifty Monthly  Long above 5705(HEMA)  and 5192 (LEMA)  (TREND UP ABOVE  5347)
Nifty Weekly   Long above 5368(HEMA)  and 5079 (LEMA)  (TREND UP ABOVE  5161)
Nifty Daily    Long above 5055(HEMA)  and 4941 (LEMA)  (TREND UP ABOVE  4976)
Nifty Hourly  Long above 4866(HEMA)   and 4833 (LEMA)  (TREND UP ABOVE  4849)


Nifty  JNSAR
---------------------------------------
Nifty Weekly JNSAR  5433  -stay short
Nifty Daily  JNSAR  5086  -stay short
Nifty Hourly JNSAR  4885  -stay short 


Nifty Havala Level
-----------------------------------------------
30-July-11   5487


Nifty Aggressive  Trading
---------------------------------
Range 56  min 4877 max 4774
STOP LOSS 10 points only.


Support and Resistance
--------------------
4680-4784-4828-4880-4951-(5006-5011)-5057-5114-5182-5225-5296-5350-5393-(5433-5460)-5490-5502-5532-5539-5550-5580-5606-5616-5630-5658-5667-5729-5754-5775-5865-(5940-5965)-6090-6175-6250-(6325-6350)


Open Interest 
-----------------------
Support    4600
Resistance 5000


Trade Conclusion
--------------------------------
We may see some consolidation from Monday onwards. 
No Fresh shorts advised.


Hope that helps .Take care .Have a happy trading.
Bank Nifty Analysis on   http://tradeinbankonly.blogspot.com

TRADING IN THE ZONE-Ignore it, and these warnings – at your own peril

Listen to this quote, from Mark Douglas and “TRADING IN THE ZONE”…


“…The psychological dilemma that virtually every trader has to resolve is that you may be aware that the next trade is simply a trade in a series that has a probable outcome. Yet you’re still afraid to put the trade on and as such are susceptible to the fear based errors. This is due to our potential to view and interpret market information as threatening. This negative state of mind when you trade means there is a conflict between what you believe is the probable outcome and any number of other beliefs in your mental environment that are arguing for something else.


When you think in probabilities you believe that every moment in the market is unique or every edge has a unique outcome. When this is your dominant belief, your state of mind will be free of fear, stress and anxiety when you trade. If you believe that something will happen but you don’t need to know what it is, then how can the market information be threatening and painful?. You were simply right again.


Every moment in the market has elements of what we know (similarities) and elements that we don’t or can’t know because we haven’t experienced them yet.


Until we train our minds to expect a unique outcome, we will experience only what we know. The other information and possibilities will pass us by as unperceived, discounted, distorted or denied.


Once you truly believe that you don’t need to know and you think in probabilities there will be no reason to block, discount, distort or deny anything about the markets potential to move in a particular direction.”


In case you haven’t figured out – that phrase in red is what I believe to one of the most important elements of trading, as observed by my conversations with people day after day – year after year.


Trading in the Zone is  one of those great clearinghouses of trader information. It’s Mark Douglas saying – “look, I’ve spoken to enough people – and documented my own struggles enough, to have compiled a mass of similarities. I know enough about what not to do when trading – and what do to when trading – that you should stop, and listen and read”.


Trading in the Zone is also one of those books that you probably only absorb 1/10th of the first read through. When you’re reading about the zone that you should be trading in, and you start making lists of all of the challenges that are laid out – the new thought processes – and how you’re generally failing miserable on all fronts – it becomes clear that this book – somewhat of a holy document – needs to be studied. Notes must be taken. Outlines created – and accountability instituted.


I have been trading for three year  now. It took me two year to figure out that i need a method to be successful. After lot of browsing I came across  site tradeinniftyonly.blogspot.com" . Thanks Ilango Sir. Now i have method to be successful.


Method Like Gann ,Elliot ,Fibonacci and JNSAR   are  all great method and define our edge . BUT , any method will not work all the time.so, we have to make most when our  edge work and manage our risk when our edge doesn't work. 


Let see , JNSAR  is great trading method . But it doesn't work always .
So ,how do we know when JNSAR will work???. 


We will never know that ,we have to take all JNSAR trade . when it work ,we have to make most it .
When it doesn't work ,get out with minimum loss. 


The challenge then lays within constraining those events in a rules based trading plan. What do you do, when you arrive at that trading cycle time? What is your trigger? What is your setup? What are the conditions for your trade? What will you do when you see those conditions congeal? What amount of money will you risk? When will you take profits?


Ignore it, and these warnings – at your own peril.


-Taken from the book -Trading in the zone 
-Want to succeed in trading ,read the book "Trading in the zone "

FUNDAMENTAL TRUTHS OF TRADING

Read and Understand  it every day...................

Mark Douglas, a person I consider one of the pioneers of trading psychology talks about these 5 Fundamental Truths to trading along with 7 Principles of consistency in his book Trading In The Zone (A book ever trader should own). I think it’s really important to understand all of these truths and principles and believe them if you want to be consistent in your trading.

THE 5 FUNDAMENTAL TRUTHS OF TRADING:

1. Anything can happen.

2. You don’t need to know what is going to happen next to make money.

3. There is a random distribution between wins and losses for any given set of
variables that define an edge.

4. An edge is nothing more than an indication of a higher probability of one thing
happening over another.

5. Every moment in the market is unique.

THE 7 PRINCIPLES OF CONSISTENCY:

1. I objectively identify my edges.

2. I predefine the risk of every trade.

3. I completely accept the risk or I am willing to let go of the trade.

4. I act on my edges without reservation or hesitation.

5. I pay myself as the market makes money available to me.

6. I continually monitor my susceptibility for making errors.

7. I understand the absolute necessity of these principles of consistent success
and, therefore, I never violate them.

Nifty Analysis for 19thAugust2011

Nifty Conservative Trading 
--------------------------------
Nifty Monthly  Long above 5705(HEMA)  and 5237 (LEMA)  (TREND UP ABOVE  5380)
Nifty Weekly   Long above 5368(HEMA)  and 5124 (LEMA)  (TREND UP ABOVE  5194)
Nifty Daily    Long above 5135(HEMA)  and 5014 (LEMA)  (TREND UP ABOVE  5041)
Nifty Hourly  Long above 4985(HEMA)  and 4960 (LEMA)  (TREND UP ABOVE  4969)


Nifty  JNSAR
---------------------------------------
Nifty Weekly JNSAR  5438  -stay short
Nifty Daily  JNSAR  5124  -stay short
Nifty Hourly JNSAR  5010  -stay short 


Nifty Havala Level
-----------------------------------------------
30-July-11   5487


Nifty Aggressive  Trading
---------------------------------
Range 56  min 4850 max 4980
STOP LOSS 10 points only.


Support and Resistance
--------------------
4828-4880-4951-(5006-5011)-5057-5114-5182-5225-5296-5350-5393-(5433-5460)-5490-5502-5532-5539-5550-5580-5606-5616-5630-5658-5667-5729-5754-5775-5865-(5940-5965)-6090-6175-6250-(6325-6350)


Open Interest 
-----------------------
Support    4800/4900
Resistance 5100/5200


Trade Conclusion
--------------------------------
Break of 5000 level => can open flood gate  for 4800.  
Look for 4800 only if nifty trade below 4950/(5006-5011)


Hope that helps .Take care .Have a happy trading.
Bank Nifty Analysis on   http://tradeinbankonly.blogspot.com

Nifty Analysis for 18thAugust2011

Nifty Conservative Trading 
--------------------------------
Nifty Monthly  Long above 5705(HEMA)  and 5242 (LEMA)  (TREND UP ABOVE  5417)
Nifty Weekly   Long above 5368(HEMA)  and 5152 (LEMA)  (TREND UP ABOVE  5231)
Nifty Daily    Long above 5163(HEMA)  and 5054 (LEMA)  (TREND UP ABOVE  5089)
Nifty Hourly   Long above 5074(HEMA)  and 5041 (LEMA)  (TREND UP ABOVE  5057)


Nifty  JNSAR
---------------------------------------
Nifty Weekly JNSAR  5442  -stay short
Nifty Daily  JNSAR  5149  -stay short
Nifty Hourly JNSAR  5063  -stay short 


Nifty Havala Level
-----------------------------------------------
30-July-11   5487


Nifty Aggressive  Trading
---------------------------------
Range 56  min 5120 max 4980
STOP LOSS 10 points only.


Support and Resistance
--------------------
4800-4951-5057-5114-5182-5225-5296-5350-5393-(5433-5460)-5490-5502-5532-5539-5550-5580-5606-5616-5630-5658-5667-5729-5754-5775-5865-(5940-5965)-6090-6175-6250-(6325-6350)


Open Interest 
-----------------------
Support    4800/5000
Resistance 5300/5400


Trade Conclusion
--------------------------------
Nifty is consolidating between 5000 and 5200 .Either side movement is possible from these level.
Buy 5000 PE and 5200 CE  to be on safe side.


Break of 5000 level => can open flood gate  for 4800. Otherwise pullback to 5200.Lets see.


Hope that helps .Take care .Have a happy trading.


Bank Nifty Analysis on   http://tradeinbankonly.blogspot.com

Nifty Analysis for 17thAugust2011

Nifty Conservative Trading 

--------------------------------

Nifty Monthly  Long above 5705(HEMA)  and 5242 (LEMA)  (TREND UP ABOVE  5410)

Nifty Weekly   Long above 5368(HEMA)  and 5152 (LEMA)  (TREND UP ABOVE  5224)

Nifty Daily    Long above 5189(HEMA)  and 5073 (LEMA)  (TREND UP ABOVE  5106)

Nifty Hourly   Long above 5085(HEMA)  and 5048 (LEMA)  (TREND UP ABOVE  5059)

Nifty  JNSAR

---------------------------------------

Nifty Weekly JNSAR  5442  -stay short

Nifty Daily  JNSAR  5170  -stay short

Nifty Hourly JNSAR  5091  -stay short 

Nifty Havala Level

-----------------------------------------------

30-July-11   5487

Nifty Aggressive  Trading

---------------------------------

Range 56  min 5080 max 4990

STOP LOSS 10 points only.

Support and Resistance

--------------------

4800-4951-5057-5114-5182-5225-5296-5350-5393-(5433-5460)-5490-5502-5532-5539-5550-5580-5606-5616-5630-5658-5667-5729-5754-5775-5865-(5940-5965)-6090-6175-6250-(6325-6350)

Open Interest 

-----------------------

Support    5000

Resistance 5200

Trade Conclusion

--------------------------------

Nifty is consolidating between 5000 and 5200 .Either side movement is possible from these level.

Buy 5000 PE and 5200 CE  to be on safe side.

Break of 5000 level => can open flood gate  for 4800. Otherwise pullback to 5200.Lets see.

Hope that helps .Take care .Have a happy trading.

Bank Nifty Analysis on   http://tradeinbankonly.blogspot.com

Nifty Analysis for 16thAugust2011

Nifty Conservative Trading 
--------------------------------
Nifty Monthly  Long above 5705(HEMA)  and 5242 (LEMA)  (TREND UP ABOVE  5423)
Nifty Weekly   Long above 5486(HEMA)  and 5220 (LEMA)  (TREND UP ABOVE  5318)
Nifty Daily    Long above 5217(HEMA)  and 5102 (LEMA)  (TREND UP ABOVE  5140)
Nifty Hourly Long above 5104(HEMA)  and 5078 (LEMA)  (TREND UP ABOVE  5088)


Nifty  JNSAR
---------------------------------------

Nifty Weekly JNSAR  5420  -stay short
Nifty Daily  JNSAR  5227  -stay short
Nifty Hourly JNSAR  5106  -stay short 


Nifty Havala Level
-----------------------------------------------
30-July-11   5487


Nifty Aggressive  Trading
---------------------------------
Range 56  min 5020 max 5110
STOP LOSS 10 points only.


Support and Resistance
--------------------
4800-4951-5057-5114-5182-5225-5296-5350-5393-(5433-5460)-5490-5502-5532-5539-5550-5580-5606-5616-5630-5658-5667-5729-5754-5775-5865-(5940-5965)-6090-6175-6250-(6325-6350)


Open Interest 
-----------------------
Support    5000
Resistance 5200/5300


Trade Conclusion
--------------------------------
Nifty is consolidating between 5000 and 5200 .Either side movement is possible from these level.
Buy 5000 PE and 5200 CE  to be on safe side.


Hope that helps .Take care .Have a happy trading.


Bank Nifty Analysis on   http://tradeinbankonly.blogspot.com