GIVE ME SIX HOURS TO CHOP DOWN A TREE AND I WILL SPEND THE FIRST FOUR SHARPENING THE AXE.
ABRAHAM LINCOLN.

Information is pretty thin stuff unless it is mixed with experience.

"Never cherry-pick your trades, because you will invariably pick enough rotten cherries to end up a loser."

Nifty recovery impressive but index still below key resistance

Note: Nifty spot levels

"Like Fishing, Trading is also a waiting Game."

Huge Gap Up! Yet we have opportunity!

"Destructive forces in Trading: Greed, Fear and Arrogance.

Weekly Analysis

A breakout past 6,220 could open up the possibility of a rally beyond the all-time high of 6,358. (Note: Spot levels)

Nifty Made Monthly low

 Little loss, Little loss, BIG PROFIT;
Little profit, Little profit, BIG LOSS.

If skills could be acquired just by watching, every dog would be a butcher.

Missed a golden opportunity at the end....Nifty collapsed!

"Each problem i solved became a rule, which served afterwards to solve other problems"

You Can't ask for more

PPC: Preserve your Precious Capital

Consistency is important

A man rushes into his house and yells at his wife, 
"Martha, Pack up your things! I just made a fortune in the stock market!" 
Martha replies "wow, should i pack for warm weather or cold?" 
The man replies, " I dont care just get out!"

Nifty Weekly Trend

CNX Nifty (6,056.15): The market sentiment remained bearish during the week gone. There was, however, some relief on Thursday when the index closed in the green after seven consecutive days of weakness. The short-term outlook is positive and the index could see a recovery to 6,220-6,250 range. The recent fall has pushed the Nifty to an oversold level, strengthening the case for a rally. The chances however of an immediate rally to new life-time high appear slim as the index has a strong resistance to contend at 6,275-6,330. Long positions may be considered with a stop loss @5957 for a target of 6,220 for the coming week.

(Note: All the levels are of Nifty spot.)

“Don't be satisfied with stories, how things have gone with others. Unfold your own myth.” ~Rumi

 

If you are irritated by every rub, how will you be polished?
~ Rumi

HAT TRICK!!

• Once I find a setup, I do not hesitate; once in a trade, I do not over analyze.

Yes u can do it!

• I love taking small losses.