#16
How to be A smart Day Trader

BE A SMART TRADER

Day trading is the trading in which one Buys and Sells the shares on the same day. In day trading there is no guarantee that you will always have a winning trade but Just by following some rules and instructions you can generate a better profit that you could never get before.

Day trading requires discipline, determination and patience to sit at a place and wait for the right time.

Before you enter into stock market, follow the following instructions:

1. Get brief knowledge of stock market :

Before entering into the battle, take a brief knowledge of stock market. You should have the knowledge about types of exchange, share, market types, depository system types of depositories, how the transaction takes place and types of trading etc.

2. Make a plan to trade:

Always make a plan before trading. Planning includes time and money management. Get all the details in advance. Do not let the emotions get over you because in stock market you play with mind not with heart.

First make small targets and achieve them. Do not let the small losses to convert into big ones.

3. Paper trading :

If you are a beginner then start with Paper Trading. Paper trading means you virtually Trade on paper which does not involve money. It helps you to understand the market and you can have a good experience of trading without having fear of loss.

4. Start with a small amount:

Do not pour huge amount of money at the start. Start with a small amount and look for the trends. Being a fresher in the stock world it would be better for you to start with small investment. After gaining a good knowledge of market you can increase the amount of money.
 
#17
Re: Nifty For Next Week

Nifty made the strong upside breakout today as we had mentioned in our previous report that nifty could break the upside level of 5300 today. Now nifty is looking to continue its uptrend for while. Closing above 5300 could lead it till 5370 to 5375 range. I recommend that traders should be in long side in nifty future from here for the target of 5370 to 5375 with the stop loss of 5250. The short term support range for the nifty future seems to be at the levels of 5190 to 5200. Closing below this range could slip the nifty future till 5145 to 5150 levels.
 
#18
Re: Bank Nifty This Week

Bank Nifty For Upcoming Week--

Bank nifty future made the strong upside breakout on long time frame charts and also made strong closing above it. In the bank nifty future I recommend long position for the target of 9590 and if it close above 9600 and sustain this level then one could go for the target of 9720 in it during near term. The traders could even go for buy on dips in bank nifty future until it close below the support range of 9300 to 9330.technical indicators like RSI is also in great direction in daily as well as in weekly charts giving the positive signal for bank nifty future.
 
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#20
Nifty Tips For Tomorrow

Nifty still holding the broad trading range of 5200 to 5350 from few trading sessions. In the upside still 5400 of the major resistance. Closing above this may take up nifty future till the higher level of 5500 in near run. In the downside closing below 5200 may drag it till the lower levels of 5080 to 5100 in near run. For intraday trading we recommend short in Nifty future with the stop loss of 5400 for the targets of 5200, 5150.

Ref- http://goo.gl/4Qsu (Search Result)
 

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