STOCKS TREND FOR NEXT 1-2 DAYS

ABAN EQ. ---- BECOMES A BUY @ 389 WITH SL 370 AND TGT 411.

AXIS BANK EQ.--- BECOMES A BUY @ 1011 WITH SL 982 TGT 1075

BANK INDIA EQ--- BECOMES A BUY @331 SL 320 TGT 350

BATA INDIA AND BF UTILITIE ALSO IN BUY MODE

DISCLAIMER: ABOVE CALLS ARE ONLY FOR EDUCATIONAL PURPOSES AND BASED ON CHARTS AND TRADING THEM WILL BE AT YOUR RISK .

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NIFTY AND STOCK MARKETS MORNING OUTLOOK 8TH AUG

August 08, 2012 -Daily Morning Outlook- Markets at a Glance A gap up opening is likely on the cards for the Indian indices today tracking positive Asian mar-kets. Meanwhile Asian shares are trading higher today, extending their sharp rally for the third straight day, on heightened expectations that central banks in the US and Europe may take immediate actions to boost their respective economies. Japan's Nikkei 225 leading the surge to test the psychological 9,000 level, powered by exporters buoyed by expectations of fresh stim-ulus measures from central banks, boost risk appetite. In the absence of any economic data, investors are eyeing the key data from China to be released on Thursday, including industrial production, retail sales and inflation, to gauge the health of the world’s second-largest econo-my. The SGX Nifty, Aug’12 contract last traded at 5,370, up by 30 points from previous session. Wall Street Update The US markets continued their gaining streak for the third...

You must win the BATTLE WITHIN YOURSELF first, before you can win in the markets.

You must win the BATTLE WITHIN YOURSELF first, before you can win in the markets. This is the primary lesson that you will learn in you trading career. Initially when a intraday trader enters the markets he is bombarded with so many emotional turbulence. Some times he will struggle for the best intraday trading software . Other times he will struggle to take all the trades. Some times he will start doing positional trading since he feels all the big moves are in positional trades. sometimes he will totally avoid the positional trades and do intraday. sometimes he will do only intraday thinking that he needs to sleep peacefully and not get affected by news. In intraday sometimes he will do on medium time frame where he will be hit with big stops and sometimes will do scalping so that that loses are small but then he realizes that the gains are not big enough.This struggle forms major emotional character of any starting intraday trader. Once you get into that mindset that what are you...

Trading Strategy

The nifty live charts or any intraday software can tell us about the direction of the nifty. The best trend finding strategy can be by checking the direction of any particular moving average, or by drawing a diagonal trend line. The other way is to see if it is making rising Low and Highs or falling. These are little complex to note during live intraday markets. So the better solution is to make your trading strategy more mechanical so that, the buysell signals are generated on the live nifty charts using the real time data . These are based on some sound formulae and some arithmetic calculations. So when the intraday software finds that a particular stock meets those parameters, then it picked on the momentumstock tips scanner. These can then be quickly traded with the other risk management principles in place like booking target levels, stop loss and so on. This way the trader is greatly assisted in making his decisions. Below you will find a image of the charts an...

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