Must- Phrases include: “The market must…”, “I must make money”, or “I must trade”. The market does not have to do anything and either do you. When you use the word “must” it is hardly ever from a position of strength. The market knows when you are desperate and will take full advantage of you. Keeping your expenses as low as possible will make it easier to not make those statements.
Won’t- Phrases include: “The market won’t…” or “I won’t make money”. Notice a theme here? You are part of the market, you are not the market. Not getting what you expect, even if it is positive, confuses the brain. If you expect to lose and don’t it is still a bad outcome. The market is a one way walkie talkie, you listen, it talks.
Sense- Phrase includes: “The market does not make sense”. Many fortunes are made in an illogical market. Logic is a bigger driver than risk controls for most people. It is easier to ignore your P/L when you can see or touch the catalysis. For example, it is cold buy natural gas. By the time you change your view or are forced to change, the market flips. Logic will eventually prevail, with or without you.
Last Close : August-7952
Sept -Closed @ 7986
Now SGX NIFTY @ 8023
Above is Daily Chart of Nifty Future
8101 & 8162 are Hurdles
Now Crossover and close above 8162 ,Next Target : 8250—8280 is possible in this month.
7750—————7680 as Major Support or ROCK SUPPORT !
Triangle Target :8238 level.
Inverse Head & Shoulder Target : 8190 level.
(No need to use Brain ,Trade with levels in your mind and watch USD Movement +FIIs flow….Nothing else )
Balance Sheets ,Results ,Economy Number ,Growth ,Inflation ,IIP ………………..All USELESS & Manipulative !!
Just watch Charts +Technical levels ,Nothing else.
Above 8027 level if trades with volumes and sustains for 15-20 minutes then ???
101% More Details to our Subscribers during trading hrs.
3DEMA @ 7937 ,7DEMA @ 7910
1st Hour Top………………….Very Crucial !!
By 10:30 ,We can see Intraday Top and Downslide will start.
More Details to our Subscribers ,Updated at 7:55/01st Sept/Baroda/India