Trading can be quite an emotional activity and this is especially true when real, hard earned money is at stake.
Traders who are not used to having their savings being tested in the market place will find that trading can drain them emotionally. If you are new to trading, every time you place a trade, you will feel excited, scared and hopeful all at the same time. Your heart pretty much pumps a few beat faster and every trade is a roller coaster ride for you.
Now, imagine if you are a Day Trader, you will likely place between 5 and 35 trades a day. All these “roller coaster rides” will just consume all your mental energy and you will end up having to rest for the remaining parts of the day. Alternative, you become so tired that you cannot (or struggle) to make rational trading decisions any more – which has often led to many losing trades.
Last Close :6042
Above is Daily Chart of Nifty Future !
On Friday ,We had mentioned :6067-6109 are Hurdles.It kissed 6074.40 & crashed Intraday.
Watch RISING WEDGE on Chart (Dangerous Sign )
Today’s Wedge Hurdle at 6121 level
Yes ,6067 & 6109 will act as Hurdle.Three Consecutive close above 6109+Weekly close will take to 6239—-6281 level
Support at 3 DEMA -6028 ,7 DEMA-5991
Yes ,If Breaks and trades with volumes below 5991 for 15-20 minutes then slide upto 5963-5954 is possible.
Big Move of 150 Points on card in Nifty Future (Yes will see this move in next 72 hrs ?? )
Will it zoom to kiss 6200+ or will crash to kiss 5850 ??
*Forget Economy ,Data ,Inflation figure ,IIP…Just see Corporate Results….ALL Mind Blowing till Yesterday
*Don’t look at Economy figure (that are for 110-120 crore population ).Corporate results are for Corporate ,MF ,Fii’s ,Politicians !!
(Always Remembers :Company people they know results ,Figures and everything…..So they will manipulate stock price because this is result season )
(All the Data from S.E is leaked and known to few top shots in Mumbai )
(To Control Nifty Future ,Just u have to Control 10 stocks…Nothing else )
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Updated at 7:33/22nd July/Baroda/India