The day the trader stops accusing the markets, businessmen, or ‘They’ and ‘Them’ for loss and begins taking accountability for their personal trading could be the day that they start to modification from losing finances to making money. In the ending the market is such as the sea and we are the surfer, we select the surfboard and the surf and the ocean really doesn’t worry what we do it’s just there. The excellence of our ability to ride a wave is created on our knowledge, method, and experience our feelings contain no edge. In the end we win or lose based on our ability to overcome our own weaknesses.
Market price activity is natural to our presence, it is our technique that determines our profits and we decide on how we will trade.
Profits occurs from our total trading profits being larger than our total trading losses, we manage our entries and exits.
The dimensions of all of our bring down in financing is motivated by the high quality of our risk management and we handle our own risk.
Trading also big for a trading fund size virtually guarantees failing, we managing our own situation sizing.
Profitability exclusively occurs from trading with an edge, we are responsible for finding and trading with our own edge.
Last Close : 6071
Nifty closed down 43.20 points at 6045.85 while Nifty future closed at 6071, premium of 25.15 points…!!!
FIIs bought in Cash, net buy 1109.93 Crore while DIIs sold in Cash, net sell 1149.22 Crore. FIIs sold in Index Option, Stock future but bought in Index future, net sell 1591.45 Crore…!!!
FIIs bought 61166 contracts of Index futures and sold 56111 contracts of Index futures which come to net buy of 5055 contracts worth 155 Crores with net open attention increasing by 18311 contracts.
Looking at all above facts it seems that FIIs once again went short at higher levels, still cover Index futures which was initiated day before yesterday.
What for Today???
Today again will be the crucial day to watch out the activity of FIIs.
Mr.Guru is a registered investment advisor for Moneymunch, he is a regular guest on popular channels and writes for several newspapers and financial journals. They've black magic of stock market analysis because studied charts over 20 years.