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Jai Shri Raam 🙏

I will try to explain why Supports and resistances are so important. Say 7450 is support level for nifty..how did it become a support level..? Because people started buying from that level..So when it comes back to that level again..the people who bought at that level try to hold that level..because if they cant, from this point onwards they will go to losses, So they try to hold..If the selling force is higher than the buying strength, it gets broken.. Why it falls more if it breaks the support level: Three different sell positions will be added.. 1. The buyers who bought at 7450 for the first time and who bought again to hold that level have to sell their positions because they know that they are only holding it..if they dont hold it, it will go down further.. 2. The same people who just sold their buy positions will take fresh sell positions to participate in the correction 3. The people who broke that level keep adding sell positions.. The intensity depends on the importance of that level.. day low, week low, year low or all time low.. And its exactly opposite for resitances..If it breaks the resistances multiple buy positions will be added.. This is just the theory..but in practical things are not the same always..bear traps..fake breaks will be there..buyers may have already booked their profits earlier..Options positions..

My suggestions brother Learning technicals is one thing in trading..The most important thing is controlling our emotions..we have to have the ability to sell/buy in the loss..We should not let our hope dominate our confidence..If we analyse something and thought that its looking very strong and bought it, but if it falls..What shoule we do..? It should depend on our confidence..but in most scenarios..once it goes against our prediction and we are in loss, we lose the confidence and hope that it will recover..then it becomes gambling. Keeping the target: The target should be the price of the stock or strength/weekness in the stock, but not the amount of profit/loss.. What you are as a person is going to get transformed into what you are as a professional..Stock market requires us to be rational..We have to see the things in the way that they are instead in the way that we want to see them..Typically we tend to believe high of ourselves and our associated groups, we ignore the negatives in us and our groups..The same thing goes for the stocks that we hold..we think good of them because we hold them..we would think of them in an entirely diff way if we are not associated to them..We have to sepearate ourselves and our associations in assessing anything..

Tomorrow reliance bavundadhu..also gail ONGC too ani expecting.. along with indusind

No idea. See blue ships man.

Only Intraday and positional trades for now. Markets will show hell in next few months. Fiis ghoram ga ammesaaru

Jai sreerama

Shall we start a watsapp group..

Tomorrow indusind bank kummuddi...

Om Sai Ram

Jai Sree Raama Jai Hanumaan

Jai Sree Raama Om Akshobhyaaya Namah

Jai Sreerama Om namo bhagavathe vasu devaya namaha

JAI SREERAM

Jai Sree Raama Om Akshobhyaaya Namah

Brother..The best way to learn the markets is by burning our own hands..If you want to learn the markets, trade on your own..listen to people, grasp the knowledge, grasp the reason behind their calls..and use your rationality on it and take your own call..Because If u have to lose,it has to be because of you, not because of someone else..If you yourself took a wrong call, u will at least know a lesson..But if you take someone else's call, if that fails, you wont learn anything.

Market seems to have resumed its downtrend..A breach below 7800 can take the nifty to 7400-7500 and creates bigger chance to break that level.