Sucessful trading depends on the 3M`s – Mind, Method and Money. Beginners focus on analysis, but professionals operate in a three dimensional space. They are aware of trading psychology their own feelings and the mass psychology of the markets. Each trader needs to have a method for choosing specific stocks, options or futures as well as firm rules for pulling the trigger – deciding when to buy and sell. Money refers to how you manage your trading capital.”
Short Term Trend :Down
Medium Term Trend : (1-2 Months )Down
Downside Targets if not crosses 5168 (Recent high ).Three close below 4774,My target 4538-4459-4223-4144 level in next 5-8 weeks.
Yesterday I had written ,Nifty Future will have to slide upto 4754-4702 level in Intraday trade.It kissed 4792 & given false move.
Today also u all watch 4754-4702 level as crucial support.
-Today is 8th Session from high of 5168.
-Hurdles :3&7DEMA :4875-4946 (It’s a dream )
-Will it hit bottom or will have to wait for another 5 session.
-Hourly chart indicates :Last hope for Intraday Traders at 4702.
From 2:15 till end session ,one side movement.What ever trend going on before 2:15 will see sharp reversal.
More Details/Intraday levels to our Subscribers.
Updated at 8:41/29th Oct/Baroda
