Market Strategies And Outlook Today

Discussion in 'Trade Journals & Stock Tips' started by priya12, Aug 13, 2015.

  1. S Analytics

    S Analytics Member

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    BANK NIFTY VIEW

    Up move continued today also as prices made its high above 26900.


    Short term trend is up and traders should look to trade on long side only.


    PVT BANKS are outperforming the index. Look for a buying opportunity there.


    Watch ICICIBANK, HDFCBANK, INDUSINDBANK, KOTAKBANK, AXISBANK.


    Avoid trading in PSU BANKS.
     
  2. S Analytics

    S Analytics Member

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    Trading Tip

    We, as a trader, should be willing to observe the market and make informed decision.

    Missed money is better than lost money, so wait patiently for the best opportunities to arrive and take trades according to the trend of the market.

    Long-term patience will keep your confidence and optimism high, and short-term patience will help you wait for the best trades.

    Success doesn’t come easy, and rarely are fortunes made overnight. Be willing to pay your dues and put in the work in order to achieve your goals.

    Trading is all about managing risk. Even though if you are right 50% of the time, you’ll still end up making some money in the long run provided you cut your losses short and let your profits run.

    (Content Source: S2analytics.com)
     
  3. S Analytics

    S Analytics Member

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    Nifty View


    The Nifty is now in some kind of a large trading range.


    We may be seeing resistance around 11000 – 11100 and support around 9900 – 10000.


    This gives a fairly wide, 1000 point range.


    While this knowledge does not give an actionable trade immediately, it does give a message: the current long term trend is probably sideways.


    Sideways markets will not give immediate and quick rewards. In such a scenario, Investing, as well as trading requires patience acceptance of small rewards.
     
  4. S Analytics

    S Analytics Member

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    BANK NIFTY


    The index has seen a decline from last four trading sessions.


    Prices have made a swing high near top of the previous rally at 26970.

    Support may emerge at 25700. This gives a fairly wide, 1270 point range.


    Today prices have find support near 25700 which may hold for next few sessions.


    New trade should emerge on short side after:

    · A relief rally towards 26200.

    · Closing below 25700.
     

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