Day trading challenges

I am always recommending day traders to trade with plan.

            Why plan is too important? Because at the time of trading your mind should be in the control, for that you need a proper plan. If you have proper plan you can face the trading challenges with confident.

        What is proper plan? You should know where to enter that means where to Buy or Sell and where to exit whether it may be you profit point or your stop loss point. If this plan with your hand you can act with the market as it has moves. Always plan for both side, then only you can success in this business.

Spot Nifty level for 28/11/2011

Bull level from 4741 for the target of 4760, 4775, and 4790.

Bear level from 4707 for the target of 4695, 4680, and 4665.

Note: Use this level always after 10:00 am India time.

Big profit through EMA Trading technique,

            One more Big profit day through EMA Trading technique, we continuously recommend to do trade on nifty with the help of EMA trading technique signal, through nifty live chart.

See the market trend once the 34 EMA breaks it reaches more than 75 points. You can find lot of ema trading technique examples in our blog, how the today’s entry signal has generated has been explained in the attached picture.

            How nifty will perform today let see, now spot nifty 5000 will act a resistance for intraday, so once this has breaks we can see intraday target 5015, 5025, 5050.

            Same way spot nifty 4965 will act as a support for the day once this level has breaks us can see market 4950, 4953, and 4925.

            We always use to give two plan if the plan one not work, just take the other one, because in this business always you need two plans. Then only you can be success always.

Mind control for day trade

Hi Traders,

            Two days leave form market screen gives mentally fresh for the next five day trades. Being a day trader in a finance market, handling trade for a short time period is big response to maintain the capital amount for further trade. Mind control takes the major roll in these times, so keep the mind as per trading plan and follow the same. Before entre to the trade three major point are must in your plan, first one entry point Buy or sell which one, second one exit or target level the last but not the least stop loss level. If you have this three points in your trading plan, your mind will be in control while trade. So always have plan to trade and trade as per plan, and then you are the profitable trade in this market.

            On Friday see EMA trading technique given two successful trade and one failure trade. If you carried out that trade , then profit was sure in your pocket. Just follow EMA trading technique at the market time and trade as per the technique.

            September 12 spot nifty big resistance is 5128 if these breaks just go for buy entry in

Nifty futures for the target of 5140, 5150, 5160 and use stop loss for this trade at 5080.

            Support for the spot nifty at 5179 in this level market breaks go for nifty futures short for the target of 5165 5150 5140 stop loss for this trade could be at 5125

            Trade in the market between 10am to 3pm for better result.