The Nifty finally gave us the much awaited correction. Traders should find out as much as possible about corrections in a primary trend. There will be a lot of writings available in the web on this topic.
Trading is not easy, but it sure is fun
Analysis and trading are different. recently i had bought balrampur chini as it had broken out of 128-130 zone i bought at 131.20 with a stop of 122 it went up to 143 and as per my rules i shifted the stop to breakeven 131.5 the stock came down to 130.6 stop was trigerred and the stock then agian went up.my analysis here was correct but trade did not work in my favour
Yes, they are. That is why trading is the only way to become a trader, armchair analysis fails when you enter the market. What you have described with Balrampur is a common occurence. There is nothing wrong with the analysis. It is also possible that Balrampur may have lifted off to highs without coming back to 131.5. My suggestion is: do not try to devise a strategy in which such events will not happen. That is a futile exercise. Believe me! Understand that sometimes the markets reward us, sometimes they do not. If you are consistent in your approach, you make money. However, you must revisit and upgrade your analysis continuously. But do not blame yourself for what the market does.
"i am reading a H&S figure on charts of maruti which is giving some bearish signals "
My Notes: Maruti has made a classic head and shoulder pattern, suggesting lower levels. What does that mean for the Nifty??
Anant has different views on trading hours. What's wrong, he asks. I am just wondering on the value addition that will emerge from speculating from 9 to 5. Frankly, I can find no gains. Now, if we start trading Asian and Eurpoean indices, then having extended hours for those indices is essential, bu trading Indian stocks for 8 hours a day??