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Nifty50

Nifty opening price analysis - 1Om Namah Shivay Analysing the Nifty opening prices and the trend for the day. Statistics 1. From 20 trading days, 13 trading days have the starting price on the clear edge. i.e. within 10% of the top/bottom price of the day. 2. From 20 trading days, 7 trading days have the starting price on the near clear edge, i.e. within 20% of the top/botom price of the day. Result 1. The starting price is deciding the trend and the one side range of the day. 2. We could do some good trading blindly by analysing the starting price. 3. The starting price is a pivot around which, market is moving if going side ways. Om Namah Shivay
NSE:NIFTYEducation
by sudhannayak
Nifty Astro Roadmap ChartBrothers, The first Nifty Astro Roadmap chart This is drawn with a 1 minute chart and then shown on 15 min chart. It looks nice and beautiful. See how time and price square at what angle. This is a learning chart. The 1 minute chart is in.tradingview.com Note: I am a soul the son of Supremesoul Parampita Shiva. I amaround 2 months into trading and completely new to Technicals. Never trade based on any suggestions. It is hardly possible to make consistent profit from other's trade. These are only someone's perspective which could be wrong from another view. So Never Trade from these - Till - We understand ourselves the reason. Previous study 1. Nifty down movement and target were exact as per price action. 2. Will Nifty repeat 2010 trend. This was our initial analysis when started learning technicals. Tried to find the previous instance where similar pattern is there and if the repeatation of the same will occur or not. Based on 2010 trend on lower degree, the target and bearishness analysis was done, much before, we imagined !
NSE:NIFTYEducation
by sudhannayak
5
10 LESSONS IN TRADING PSYCHOLOGYBecoming a better day trader requires that you not only focus on textbook knowledge but also yourself. This is why it is so important to put some focus on trading psychology. 1. Know Your Strengths – Knowing your strengths is a crucial part of trading. It’s important to focus on what you are good at so that you may focus your attention in that area. 2. Develop Confidence – Developing confidence not only removes some of the stress from trading, but it also allows you to become more competent. 3. Know when you need to take a break – Day trading can be stressful at times. It’s okay to take a break now and then. This gives you time to refresh and come back to the market with a better mental state. 4. Become self-aware – The ultimate goal of all of these lessons in trading psychology is to help you become more self-aware. If you are not self-aware, you cannot make the changes necessary to improve. 5. Learn to change – Oftentimes, changing requires that you leave your comfort zone. That being said, if you want different results, you have to make changes. 6. Control your environment – Both physical and mental cues within your environment can have a profound effect on your trading. Focus on finding the ideal environment for trading. 7. Think in Probabilities - This is by far the most important part of trading psychology that is not taught anywhere. Successful traders think in probabilities before taking every trade, they do not commit to the market fully, they accept the loses if the trade did not go their way and take the next trade without any hesitation. 8. Deal with stress – Trading under stressful conditions is a recipe for disaster. You should find a way to deal with stress so you can avoid trading under less than ideal conditions. 9. Pinpoint your emotions – A big part of the trading process is understanding the emotions that trigger your actions. For example, let’s say you stop out of a move early even though your initial prediction ended up being correct in the long run. What caused this? Did you make this decision out of fear? Did you buy too many shares? Did you lack the self-confidence to follow through with your plan? Figure out the emotion that triggered your behaviour and look for a way to combat this emotion in the future. 10. Develop a routine – Develop a routine and stick to it. The repetitiveness of this routine will create a sense of stability and increase your trading performance.
NSE:NIFTYEducation
by PranamGhagare
7
Did you sell Ultratech?What and where you could have sold it? In intraday time frame we had a bearish divergence as marked with an arrow. Once it fell from the top 4707 and made a bearish divergence we had chance to sell, but what would be the sl? That would be the high of today. What would be safe entry ? After 1 hour of bearish candle reversal, we could have sold near bounce at 4670 with Sl 4707, now is divergence in intraday tf reliable for such big fall? Yes, if you know price action. Let us see how we predicted this move --> Here we predicted for upmove --> Here we predicted overall rough picture --> Regards, Sharma Yogesh
NSE:ULTRACEMCOEducation
by yogi_sharma_elliottician
Nifty - 2 Months point of viewPersonal View Only : Nifty current rally is quite strong with some healthy consolidation possible till 11370/11176. 11100 - 11176 may offer major support. Unless this is broken on closing basis, rally may continue. So 11100 is strict SL level for bulls. Quite a good earning season and any trade deal may bring more momentum to this rally. Around 11750-11800 level is the double top. If nifty reaches there, some consolidation possible. Breakout from double top may lead to 400-500 points rally for nifty.So overall 12200-12500 is the possible nifty level for May.
NSE:NIFTYEducation
by vinodhs77