Sold Nifty as per plan and levels posted at 4820 and booked at 4885
Will go long above 4777 stop 4764
Nifty in trading range.
Will go long above 4777 stop 4764
Nifty in trading range.
Tuesday, 22 November 2011
Monday, 21 November 2011
Weekly Just Trade Nifty 21 to 25 Nov 2011 -UPDATE
As per levels posted went short below 4843 for target of 4740.
Booked partial profit today at 4770. Profti so far 73 points.
CLICK TO READ POST
Booked partial profit today at 4770. Profti so far 73 points.
CLICK TO READ POST
Post Market Review and Result of Trading
Todays Levels Posted was
Above 4888 target 4909
Above 4909 target 4932-4941-4953
Above 4953 target 4997
Cluster Resistances at 4941 to 4953
Below 4874/61 target 4845-40 and 4826
Today Nifty opened at 4871, high was the same and traded lower.
Our level to short was below 4874. Nifty gave 100 points from our sell level.
Above 4888 target 4909
Above 4909 target 4932-4941-4953
Above 4953 target 4997
Cluster Resistances at 4941 to 4953
Below 4874/61 target 4845-40 and 4826
Today Nifty opened at 4871, high was the same and traded lower.
Our level to short was below 4874. Nifty gave 100 points from our sell level.
Just Trade 22 Nov 2011
Sell around 4820-45 stop 4855
Below 4764 target 4726-4709
Below 4709 target 4650-4600
Sunday, 20 November 2011
Nifty Future for 21 Nov 2011
Levels in this post are future levels
Above 4882 target 4918
Above 4918 target 4930-41-65 &5016
Below 4870 target 4849- 41
Trading Zone 4882 to 4918
Breakout Above 4918
Breakdown Below 4870
Just Trade Nifty 21 Nov 2011
Above 4909 target 4932-4941-4953
Above 4953 target 4997
Cluster Resistances at 4941 to 4953
Below 4874/61 target 4845-40 and 4826
Weekly Just Trade Nifty 21 to 25 Nov 2011
Above 4888 target 4951
Above 4951 target 4991 and 5016
Above 5016 target 5103,5142 and 5160
Below 4843/20 target 4740
Breakout Above 4951
Breakdown Below 4820
Trading Zone 4843- 4951
Friday, 18 November 2011
Weekly Channel Just Trade Nifty 14th Nov to 18th Nov 2011-UPDATE
We had gone short below 5132 and booked partially at first target at 5039.
Today second and final target was achieved at 4848. Total profit from this trade 284 points.
CLICK HERE TO READ THE POST
Today second and final target was achieved at 4848. Total profit from this trade 284 points.
CLICK HERE TO READ THE POST
Thursday, 17 November 2011
Just Trade Nifty 18 Nov 2011
Below 4929 target 4900 and 4850
Final support for this fall is at 4822-20.
Chances of Nifty bouncing from this support is there as all indictors in all time frames is highly oversold.
Behavioral Finance
Reality in the financial world of stock markets is that 90 to 95 percent of the people/traders lose money. Why then do we still have such a large number of people who continue to be in this market either as investors or traders and this number is growing day by day even though they fall into the 90 to 95 percent bracket.
Will Behaviorial Finance help us get out of the 90 to 95 percent bracket....
What Does Behavioral Finance Mean?
A field of finance that proposes psychology-based theories to explain stock market anomalies. Within behavioral finance, it is assumed that the information structure and the characteristics of market participants systematically influence individuals' investment decisions as well as market outcomes.
It's hard not to think of the stock market as a person: it has moods that can turn from irritable to euphoric; it can also react hastily one day and make amends the next. But can psychology really help us understand financial markets? Does it provide us with hands-on stock picking strategies? Behavioral Finance theorists suggest that it can.
Behavioral Finance: Introduction
According to conventional financial theory, the world and its participants are, for the most part, rational "wealth maximizers". However, there are many instances where emotion and psychology influence our decisions, causing us to behave in unpredictable or irrational ways.
Behavioral Finance is a relatively new field that seeks to combine behavioral and cognitive psychological theory with conventional economics and finance to provide explanations for why people make irrational financial decisions.
Why is behavioral finance necessary?
When using the labels "conventional" or "modern" to describe finance, we are talking about the type of finance that is based on rational and logical theories. These theories assume that people, for the most part, behave rationally and predictably.
For a while, theoretical and empirical evidence suggested that CAPM (capital assest pricing model), EMH( Efficient Market hypothesis) and other rational financial theories did a respectable job of predicting and explaining certain events. However, as time went on, academics in both finance and economics started to find anomalies and behaviors that couldn't be explained by theories available at the time. While these theories could explain certain "idealized" events, the real world proved to be a very messy place in which market participants often behaved very unpredictably.
One of the most rudimentary assumptions that conventional economics and finance makes is that people are rational "wealth maximizers" who seek to increase their own well-being. According to conventional economics, emotions and other extraneous factors do not influence people when it comes to making economic choices.
In most cases, however, this assumption doesn't reflect how people behave in the real world. The fact is people frequently behave irrationally. Consider how many people purchase lottery tickets in the hope of hitting the big jackpot. From a purely logical standpoint, it does not make sense to buy a lottery ticket when the odds of winning are overwhelming against the ticket holder.
These anomalies prompted academics to look to cognitive psychology to account for the irrational and illogical behaviors that modern finance had failed to explain. Behavioral finance seeks to explain our actions, whereas modern finance seeks to explain the actions of the "economic man" (Homo economicus).
To Be Continued....
Wednesday, 16 November 2011
Just Trade Nifty 17 Nov 2011
Below 5045target 5015-5005-4994-4947
Tuesday, 15 November 2011
Just Trade Nifty 16 Nov 2011
Below 5053 target 5028-5020
Cluster support at 5020
Below 5020 target 4820
Weekly Channel Just Trade Nifty 14th Nov to 18th Nov 2011 -UPDATE
As per weekly channel chart posted short at 5132 is nearing our target of 5039. Todays low of Nifty 5053.80 and close is at 5054.45. Profit of 77 points.
CLICK HERE TO READ THE POST
CLICK HERE TO READ THE POST
Monday, 14 November 2011
Saturday, 12 November 2011
Weekly Channel Just Trade Nifty 14th Nov to 18th Nov 2011
Above 5265 target 5362 and 5510
Below 5132 target 5039
Below 5039 target 4848
Just Trade Nifty for 14 Nov 2011
Above 5189 target 5240- 5300
Below 5129 target 5038
Friday, 11 November 2011
Just Trade Nifty for 11-11-11
Below 5218 target 5160 -5121
Cluster resistances at 5228-40
Tuesday, 8 November 2011
Just Trade Nifty for 09 Nov 2011
Above 5307 breakout
Below 5249 breakdown
Daily chart show the following levels:
Above 5273 target 5304/5310
Cluster resistances at 5304-5310
Sell Below 5263 target 5225/5160
Monday, 7 November 2011
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