Market outlook

Markets close at new lifetime high.... next target 8000-8400???

Managing stress while trading

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Question: trading with smaller stoplosses

Question: Sir. I want to put small StopLoss instead of 10% or as u mentioned above in Daily timeframe. Any suggestion ?

Bhailalbhai

Weekend update

Markets close at weekly high and possibly generate highest close (weekly charts).

Coming ahead of a 3 day weekend this is a good sign.

Now on daily and weekly charts, trend is up with support at 7450 spot.

Market outlook

Broader trend is up with SL at 7450... poor advance decline indicates selling at higher levels.

Question: is mid cap rally over

Question: is mid cap rally over?

veda

Market outlook

Broader trend is up with support at 7450 spot. Immediate resistance at 7800 breakout above which can lead to a rally to 8000 levels.

Not knowing what will happen next

Several times, we encounter a situation where a trade gives nominal profits or a loss. We then develop a tendency to ignore the next signal as the previous one had failed.

This is also somewhat similar to Gambler's fallacy.

Market outlook

Broader trend is up with support at 7450 spot.

Question on backtesting

Question: Have u backtested KPL Swing indicator in Nifty, Bank Nifty or Stocks ? if yes, What is the result during last 5 years

Bhailalbhai

Question on which indicator I use

Question: Which Indicator do u follow ? KPL Swing, Donchian or any other ?

Bhailalbhai

Weekend update

Markets gap down but trade in a very small range. This is actually a bullish sign and will be confirmed if we have a gap up opening Monday.

GOLD and SILVER USD weekly chart

This is the weekly chart for GOLD in USD.

While the broader trend is down, GOLD is trading in a big triangle (timewise) for almost  a year.

Market outlook

NIFTY is at the same place where it was 2 months ago... so if you had gone on a vacation 2 months ago and returned today, you have missed nothing.

While the short term trend is down, it is prone to whipsaws as the moves are showing overlapping legs.

Market outlook

Rally stalls. Ideally markets should have staged a smart rally but this did not happen. On the other hand, yesterday's low did not break.

Broader trend is up with support at 7450 spot. Minor support exists at 7600 so if this breaks a lower swing high would have been formed.

Position sizing for options

I have written a lot on position sizing and have found this to be one of the most important and yet neglected aspects of trading.

Today I will write about using position sizing for options. Options seem to be very popular with retail investors for various reasons.

Market outlook

Note that yesterday market was bullish and today was no exception. EOD chart shows buying at lower levels and also formation of higher high and higher low.

So broadly speaking, trend remains up as long as nifty  trades above 7450 spot.

CNX IT still bullish

First buy signal was posted on 19-JUN. Now trend is still up with SL at 10100.

Here is the chart...

Market outlook

Trend is up and will reverse on close below 7420. Note today's bounce has come from 61.8% retracement level. So going forward, Friday's low become important.

Option writers are bullish and do not expect 7300 to break this series.

Weekend update

NIFTY closed 2.4% in the negative this week of which 1.5% loss happened today.