raaz

There is some chance that Banknifty can recoup all its yesterday's losses Tomorrow if it breaks 24200, Tomorrow's price action gives more clarity though.

anta active ga lenu brother ikakda ee madhyana  
Market..banknifty has finally broken the barrier on the upside..initial targets should be 25200-25700(25200)-27000(if it breaks 25700-800)..I am expecting it to reach the 25200 zone tomorrow itself and possibly 25500 zone too sooner if not Tomorrow.
Stocks for Tomorrow or day after...Bajaj Fin Twins, SBI, ICICI, AXIS, RBL, Indusind, Sunpharma(may not be tomorrow, in next few days)
 

Glabal markets have become completely resiliant to Covid..Today Indian markets seems to have indicated a positive sign as Banknifty rallied on the expiry day especially when the IT index is too strong..That generally indicates strength and can start a good upmove in banknifty..which can be confirmed tomorrow..

Nifty is moving up against everything, it seems to be catching with other global markets..But it doesnt matter why its moving up ..BankNifty underperformed till now to Nifty..But if Nifty has to move from Tomorrow, It has to be Banknifty..Once it breaks 22300-22400, Banknifty has the potential to move up 2000 points in next few days..But have to be very cautious as there is no fundamental backing for this rally.

Technically no indication of a correction brother yet..But I believe the recent rally is more of a liquidity driven and on Firm global markets..there was some weakness in US markets here and there..but no follow ups were there..So Indian market sellers gave up their grip and let the market to go up as much as it could..It tested 200 DMA(around 10400) on the upside and faced some resistance there..On Friday US markets showed some real weakness(at least I think so now) after that 6-7% drop 2 weeks ago, Indian marktes moved significantly up after that..Corona virus cases are growing up again and Trump may lose the coming Nov election..So I am assuming this Dow correction is more significant than the prev small dips(Probably Tomorrow's Dow futures/Dow gives a better idea)..So I expect the Indian markets to give their rally up and start fall in line and start correcting..and when they do, it should be big especially after sharp up moves..So I think it has to fall to next immediate support level of 20 DMA around 10050..

I will share after some time brother.
 

Its difficult for me to explain my views on this in writing brother, But I will try..Its the combination of multiple things brother..levels which it broke, reasons for the break, how the quality stocks are reacting, volumes, global markets trend, profit booking/ trend reversal, valuations, liquidity in the system, commodity prices(crude and gold)..Then try to divide it into 2 phases and have 2 views..extremely short term and medium term..Say now if u r bearish abt medium term, and bullish on short term..we trade with caution as it can reverse at any time and the other way..And if u trade stocks, use both the stock and market directions..

After a very good rally, We can expect some profit booking Tomorrow once it touches 10k or close to that level which can bring back nifty to 9800 levels..

We cant over depend on news brother..Markets can behave entirely different to the same news in two different times..Moody's downgrade could have resulted in a 200 point correction in another day..We have to find the mood of the market..When the mood of the market is positive it absorbs the negative news like it did now..when its negative, it can ignore the positive news as well..
We(including our media) mostly associate some news to the result of the market because its the easiest way..Result driven analysis..But we have to look beyond that, find the mood of the market and add the technicals on top of it to get the proper idea about the direction of the market...Even today's rally is an example of that..If the market fell, people say PM speech disappointed the markets.

Banknifty is showing strength from last 2 days..If its not fake strength, it may take nifty past that 9150 mark single handedly..But need to wait for some more clarity.

There are not many clues brother at least to me..I will enter the buy side only if it breaks 9150 decisively..

15 laks very big for me also bro.. 🤐🤐
Yes continuing .. the journey brother... Yes bank colossal loss tarwatha money wise I am hovering in +ve side only...  oka 2 laks positive lo vunna.. during corona times... ICICI was the big loss.. last week.. and it was a lesson too..
 

Unless the global trend reverses nifty can go to 9400 in next few days..Tomorrow is options expiry day, cant have a proper percepctive now because a lot depends on options build up tomorrow..if in case market has to move up tomorrow, banknifty has to move huge once Nifty crosses 9150 and BN crosses 18150..

I will share whenever I can brother..But my views change sometimes during the trading time because I may see different pointers/percepective at that time..But I sugegst you not to trust me/anyone completely in market..Nothing is certain in markets, its all about probability..I will try to add the rationale behind my thoughts whenever I post the market direction..Please focus more on the reason than the numbers I post, observe some professionals theories and try to develope your own percpective..conflict with me when u think my perception is wrong..thats how we improve.

I will share whenever I can brother..But my views change sometimes during the trading time because I may see different pointers/percepective at that time..But I sugegst you not to trust me/anyone completely in market..Nothing is certain in markets, its all about probability..I will try to add the rationale behind my thoughts whenever I post the market direction..Please focus more on the reason than the numbers I post, observe some professionals theories and try to develope your own percpective..conflict with me when u think my perception is wrong..thats how we improve.

Today was a typical day..yesterday's bears trying to fight the Today's global bullish bias..results in significantly nothing...thats why its always difficult to reverse the trend the very next day..The previous day's sellers/buyers try to fight and hold..I think Tomorrow can be decisive with a positive bias..can test 9120..

Dow, Europe and crude having a very good rally expecting the normalcy, sooner than expected..Its very difficult for nifty to break crucial 8800 without global support now..So the higher chance to reverse the negative trend and climb back to 9120 immediately and 9300-9400 there after..

Our market looks week, tried to break 9100 earlier..but couldnt because of the lack of global support..now glabal markets started getting corrected..dow broke down 24k..Nifty can break 9100 most probably tomorrow and test 8800-8900..which may not offer much support this time..can resume its downtrend to 8000..

And the most important thing is to accept our mistakes..Typically our ego comes in between and we support ourselves with some unreasonable reasons..We can accept our mistakes easily if we realise that being wrong is not actualy wrong..If we dont accept our mistakes, how can we correct them..We should never blame anyone/anything else for our trades..Even if some one suggested you a wrong call, we should blame ourselves..We shouldnt have listened to them..We should take everything as a lesson..We shouldnt put our mistakes on luck just to satisfy ouselves..We can't count on luck though luck counts on us sometimes..The importance of luck(not in few days, over a period of time) in trading is absolutely ZERO..Thats the hard truth.

If you want to be a trader and just started trading, I suggest you to start with less money..Its almost impossible to start earning money initially..it is inevitabel to lose..Its like prepaid recharge..we might earn on some days..but in a span of time, everyone loses money initially..We should try to gain more knowledge with less money..and don't trade with inconsitent amounts..say Today trading with 10k and tomorrow with 1L and next with 10L..because If our stocks falls 5%, we lose 500, 5000 and 50000..losing 500 may not be a matter to many people..5k matters to some..50k matters to some more..Even though the fall is the same 5%, our mind processes it in 3 different ways on 3 different days because of the amount of money we are losing..The increase has to be gradual so that we can process it better.

And the most important thing is to accept our mistakes..Typically our ego comes in between and we support ourselves with some unreasonable reasons..We can accept our mistakes easily if we realise that being wrong is not actualy wrong..If we dont accept our mistakes, how can we correct them..We should never blame anyone/anything else for our trades..Even if some one suggested you a wrong call, we should blame ourselves..We shouldnt have listened to them..We should take everything as a lesson..We shouldnt put our mistakes on luck just to satisfy ouselves..We can't count on luck though luck counts on us sometimes..The importance of luck(not in few days, over a period of time) in trading is absolutely ZERO..Thats the hard truth.

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..

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.

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..