NIFTY WEEK A HEAD....

27*2*8*19 WK	5*9*819 WK	13*16*819 WK	MARKET MOVED, LAST WEEK
1195	1183	1183	NIFTY BEES HIGH HAS NOT CROSSED PREVIOUS BUT LOW INCREASED
1144	1142	1155	LIKELY TO MOVE UP AS 3 WEEK CONSOLIDATION HAPPENED
51	41	28	THE RANGE IS  MAINTAINED DESPITE 3 DAY   ACTION
3035	2923	2917	BANK BEES  HIGHS AND LOWS ARE NOT TAKEN UP
2835	2803	2829	BUT CONSOLIDATION CAN BE SEEN
200	120	88
11311	11181	11146	NIFTY HAS TO  CROSS 11150 TO TOUCH 11230-50 RANGE
10849	10783	10902	LOW SHALL NOT FALL BELOW 10850
462	398	244
29593	28603	28358	STRUGGLING TO CROSS 28500
27936	27389	27658	UNLESS CROSS 28900 BANK NIFTY IN BEAR GRIP
1657	1214	700

THE QE/FINANCIAL  SUPPORT TO BOOST THE ECONOMY IS ON THE CARDS. THE BUDGET PROPOSALS HAS DENTED THE MARKETS TO THEIR 1st POSSIBLE LOWS.

Now markets likely to be in the range AS index MOVERS ARE IN CONSOLIDATION MODE, RELIANCE WILL BE IN A RANGE/FALL,  as AUTOs 🚗🛺🚌🏍🛵to move up and IT COUNTERS MAY SEEK LOWER LEVELS.

US AND EUROPE MARKETS ARE LIKELY TO FALL/CONSOLIDATE AS NO BIG POSITIVE TRIGGERS ARE NOT VISIBLE.

The metals may see consolidation with 5% downward risk but the future is very bright for JSW, JSPL and Tata steel.

OVERALL MARKETS WILL BE ON THE MOVE TO CROSS 1460-80-1530 RANGE IN DAYS TO COME, SO BE ON THE LONG SIDE TO AVOID BIG MISTAKES.🎈😎

LEARNINGS FROM MISTAKES....

LEARNINGS FROM MISTAKES....

May be there won't be an end to committing mistakes in markets so long one trade...

FEW QUOTES TO OBSERVE : 

VENI VICI VIDI  in Latin phrase "I came, I saw I conquered"  first used and & popularised by Julius Caesar 

The King of Macedonia " Alexander the Great" said

"There is nothing impossible to him who will try".

"I am indebted to my father for living, but to my teacher for living well".

Here one can observe that both the cases display the valour, the commitment with courage and determination to achieve along with attributing respect to persons contributed to their achievements.

Trading is no less than a war, many times one may lose some deals but ultimately what matters is SUCCESS and the money taken home.

Now the effort is to document everyday trade process and the learnings.

For more than 4 weeks, trying to list out the approach strategies for betterment, taking insights from the mistake.

During the process, developed 5 TICKS Formula for SUCCESS

1. TRADE LIKE AN OPERATOR

2 INITIATE POSITIONS LIKE A PROFESSIONAL

3 COVER POSITIONS LIKE AN EXPERT

4 KNOCK THE SCRIP (COUNTER) LIKE A CHAMPION

5 STUDY THE SCRIP LIKE A GENIUS

WEEKLY UPDATE:05-08-19 TO 09-08-19

thanks to Chart ink- 3 yrs weekly chart

Indian indices first time after 3rd June NIFTY Top @  12103+

THEN THERE WAS A CLEAR NEGATIVE DIVERGENCE ON WEEKLY CHART ADDED WEIGHT ON THE DOWNSIDE TO TOUCH A LOW OF 10783 DURING THIS WEEK.

Now the positive sign is that the white candle has covered more than 80% of previous week range

Previous week Fall (Red candle) was 11311 to 10849 a fall range of  462 points

Current week (White candle) a rise from 10783 to 11181 range of  points 398 points

weekly average is @ 10966 and the closing base @ 10987

while the Nifty closed @11110 

The whole market is in the bear grip but the lower level bounce can be a short-term up move for lower-level consolidation.