master the market in 10 minute
The day the investor quits blaming the industries, political leaders, or ‘They’ and ‘Them’ for losses and initiate taking obligation for their own investing could be the day that they begin to modification from losing cash to making cash. In the ending the market is like the ocean and we are the surfer, we choose the surfboard and the ocean and the ocean really doesn’t attention what we do it’s just there. The quality of our capability to ride a wave is based on our skills, method, and experience our emotions include no edge. In the end we win or lose dependent on our capability to overcome our own weaknesses.
Market cost motion is basic to our existence, it is our technique that establishes our productivity and we choose how we will trade.
Profitability comes from our complete trading profits being bigger than our complete investing losses, we manage our entries and exits.
The size of our draw down in capital is determined by the quality of our risk management and we manage our individual risk.
Trading too big for a trading account size almost guarantees failure, we control our own position sizing.
Productivity only arrives from investing with an advantage, we are important for choosing and investing with our own advantage.
Last Close: 6110.65
Nifty closed down 23.65 points at 6089.05 while Nifty future closed at 6110.65, premium of 21.60 points. FIIs bought in Cash, net buy 1136.23 Crore while DIIs sold in Cash, net sell 1035.34 Crore. FIIs bought in Index future, Index Option but sold in Stock future, net buy 743.70 Crore..!!!
FIIs bought 91975 contracts of Index futures and sold 66571 contracts of Index futures which come to net buy of 25404 contracts worth 795 Crores with net open interest increasing by 31836 contracts.
Considering all above facts it seems that FIIs again did short covering in Nifty Futures but started shorting Index futures. Today again will be the crucial day to watch out the activity of FIIs.
Reasons Why My Trading Blog Is Different
There are lots of trading blogs out there but I genuinely know that my trading blog Money munch is a a variety of kind of blog and here is why:
I am not trying to upward offer you to any other system that costs thousands of dollars. I do not have a newsletter, paid trading space, or training courses, I am a trader that blog basically for my own benefit. Blogging forces me to duty on increasing my trading every day.
The trading instructions I speak regarding on my blog are from proper life experiences not principle or thinking.
thats why my Trading blog is Different.
Last close: 6143.35
Yesterday FIIs bought 65602 contracts of Index futures and sold 42063 contracts of Index futures which come to net buy of 23539 contracts worth 709 Crores with net open interest increasing by 4985 contracts.
Thinking about all above basic facts it appears that FIIs once again did short covering in Nifty Futures, Still no indicator of fresh long. Today again will be the crucial day to watch out the activity of FIIs.
Today Market is expected to open higher following positive trend observed in another Asian markets, Reliance stock will stay in focus after reported profits which were largely in line with analyst expectations.
WHAT FOR TODAY?
Nifty future short sell 6144 to 6188 for targets 6066 and 6044 if break and close below 6066,…then wait for targets 5988-5966
The Keys that unlock Trading Success:
You need to trade a WINNING trading system: Your trading method must be legal and successful through previous markets. The ideal technique to succeed in the markets is actually to have a method that determines potential trends and provides you records and making a profit that put the possibilities on your side for winning trades. Lots of times these techniques will have awesome champions that pay for each the limited loss and generate you successful. Irrespective of time structure the biggest thing all traders are in browse of for profits is trend record. The secret is to get through traditional price tag information and observe how your technique would have carried out in various types of past markets, bull, bear, and sideways. Combined with some resident times like October 1987 and the Fall of 2008. A winning method either has to have a limited profits so huge that it offers for all the small losses or a very large winning amount that maintains the few losses from getting out of hand. Uncover your edge and study how to create it a worthwhile one. In case you have no edge and no winning method your trading account will be consumed separated bit by bit. The market has an edge over you, it is counter user-friendly and decrease and percentage are drooling to start gnawing on your account.
Above is Daily CHART of Nifty Future ,Last Close : 6130 level
Above 6095 level ,Our Target intact of 6175-6200 level !!
Today ,Not crossing High of 6143 & trades below 6128 level with volumes then ???
Target :6084-6069 in panic is possible.
3DEMA @ 6070 ,7DEMA @ 6019 level.
Last Close : 6048.50
Intraday’s Support @ 6020 to 6011 level.
Break below 6011 among volumes and sustains for 20 minutes will create “PANIC” upto 5982-5973 level.
Thirsty Traders :Watch 6069———————-6095 level are Hurdles & Targets.
Once crosses and closes above 6095 will take to 6175-6200 level in hrs only.