Free Stock market / Nifty intraday tips

Being disciplined is of the utmost importance, but it’s not a sometimes thing, like claiming you quit a bad habit, such as smoking. If you claim to quit smoking, but you sneak a cigarette every once in a while, then you clearly have not quit smoking. If you trade with discipline nine out of ten trades, then you can’t claim to be a disciplined trader. It is the one undisciplined trade that will really hurt your overall performance for the day. Discipline must be practiced on every trade.

When I state that .the market will reward you. Typically, it is in recognizing less of a loss on a losing trade than if you were stubborn and held on too long to a bad trade. Thus, if I lose $200 on a trade, but I would have lost $1,000 if I had remained in that losing trade, I can claim that I saved myself $800 in additional losses by exiting the bad trade with haste.

Nifty Future

(Updated on 15-05-2012 Time 08.50 AM)

As assumed Market continued sharp fall and lowered to 4855 as against our level

4876-4845 and bounced marginally.

Now Today…

Bearish trend seems to be continued and no respite yet seems for the bulls

Trading below 4845 will throw the Market even lower to 4819.

4793 may not be ruled out in panic fall.

4903-4928 zone is the nearest hurdle.

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Nifty Future Tips

(Updated on 11-05-2012 Time 08.50 AM)

One more session full of volatility.

Market could not clear hurdles at 5020-5035

decisively which we mentioned in our previous post.

We also told that any failure to sustain this barrier would make

sentiment even bearish. As a result of which Nifty spot

dipped even lower to 4950. We stick to our yesterday’s lower

levels 4967-4951-4927 which lent good support and likely to continue

to fuel hope for bulls. Sustained trading above 4989-5000 area may drive it to 5035.

Consecutive two closing above 5040 will ignite a relief rally up to 5106-5129

4910-4876 in a panic sell off may not be ruled out.

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