Monday, October 15, 2012

Nifty Pre-Market View.

Beginners as well as those not able to find successful trades:
Knowledge: To make consistent profits from stock market, understand the market first using a simple study such as the Basic technical analysis using Channels, Lead & lag indicators.
Belief: Having studied, have a strong belief in them that they'll produce results.
Discipline-I: With a strong belief, initiate a trade as in God's command written in scriptures.
Patience: Once a trade is initiated, sit through patiently for the price to lead you to the targets/ through the journey while having an ironclad stop loss for any "surprises".
Discipline-II: Remember to part book, once the prices start to move in "your" direction and exit the trades once SL is breached or target is reached or reversal signals are seen.
Caution: As you get closer to the market, eg: in day trading, your level of consciousness and experience need to be high as well as your ability to manage your trades. If you are not qualified enough, do not destroy your capital.
Safety: Instead, go for "Positional trades" based on either a simple TA or JNSAR. Even here, the "close basis" signals are more trustworthy.
Fear: Everyone has fear including the champions and heroes. You deal with fear, only by facing it and you can face it only if you have a strong belief system. Waving mind has no place here.
Greed: Just as fear can bury you, greed can blow you away. Hence, stay grounded by remaining "silent", part booking/ exiting without celebrations.
Holy grail: "Secrecy & Silence" are the two key ingredients for success. Do not fritter away your successes by talking about it. Let making money be your sole aim. Let you believe in your study and act only when the wind is favourable and remaining idle during all other times.
Get Rich Slowly and Quietly.

50 comments:

Nilesh Patil said...

@Good Morning Master & Friends

buggie advani said...

Good Morning Sir
I loved the Holy Grail Part
Cheers

Bala said...

Good Morning, Ilango Ji.

Thanks for the wonderful summary.

DR Ji,

Good Morning,

Let me check with the exchange and the organiser if they had recorded the seminar and let you know.

Prabakar said...

Namaste Ilango Sir and JN Family

Arun Kumar Sharma said...

llango sir Good Morning
Have A NICE DAY !

anmpatel said...

good morning sir and all friends
HA update
for today HA open 5686
for this week HA open 5688
wish u all the best.

sushil said...

good morning master and blogmates

Yash and Dhan said...

Good morning Sir,
One post and all charged up for next week.
Thanks again

Varadarajulu Venkatesan said...

Good morning Master

Thank you very much for your wealthy article.

Parimal said...

Namaste Dear Sir and all friends
brief and nice teaching coming from a seasoned Master.
have a nice day of trading

AJIT PATIL said...

good morning master and blogmates

NEVER GIVE UP said...

Good Morning Sir & All Friends.

Nelson Eke said...

Hi Good Morning The Level Of The Market Has Not Yet Been Predicted On A Rise Or Fall, Where It Would Stand.

saravanan k said...

Good morning ilango sir & all blogmates.

Rgds
Saravanan

amber said...

Sir Ilango ji good morning

sudharsan said...

Good morning Master and Friends.

DZIRE said...

Namaste Ilango Sir & all members.

anmpatel said...

Can anybody confirm:as i am learning patterns!
on daily chart nifty is trading in a falling wedge pattern?
thanks.

Bhushan said...

Good Morning Gurudev and friends!

Stockathon said...

Good Morning Ilango Sir & Friends...

Suraj said...

Good Morning Ilango Sir & JN Friends

parminder said...

Master ilango and friends,
Good morning to all
Master thanks for the wonderful Post.
Hope to learn a lot more from it.
Regards
☺☺☺☺

ALBELA HOUSE said...

R/Ilango Sir Namaste n Namaskaar 2 all reader's.

Hari_Indian said...

Good morning master & JN family

Have a nice day !

Prakash-Pol said...

5700ce writing swiftly
volume around 2000000 in first 15 min

parminder said...

Master,
Open High same 5676.25

cooldent said...

clapped

will be travelling next three days.

parminder said...

Open High same in nifty futures as well 5687

Prakash Sharma said...

Hello Ilango sir , DR sir, Prabhakar, Sujatha, Amnpatel, Sanjay sir, and other friends.

Sujatha sis, Are you packed with your longs?

Nilesh Patil said...

@parminderji,
JNSAR is also short.............

Hitendra said...

BN falling quickly, worth longing if supported @ 11290?

Dinesh Rishi said...

parminder ji

Tutey ga bhai tutey ga

123 pattern making in (but JNSAR is short)

Dinesh Rishi said...

Good Morning Master and copy to All

anmpatel said...

High volume trade is at 5651. now zingalala whole day!!!

Vishnu said...

Respected Master & all the seniors and blog mates
Very Good morning,

Dear Parminderji as per nse india site at 9;15 opening candle of the NS spot the open is 5674.25 & High is 5676.85 so pls do suggest where to look for the same as your good self is posted open and high same hence this query pls do advice.

Parimal said...

For last 11 trading hours RIL is attempting to move above 34hrsma in vain.

rajapvt said...

Good morning all. Nifty 5700 CE & PE are written @140.

Dinesh Rishi said...

anmpatel

http://www.youtube.com/watch?v=EpiQ7OBXk-U

anmpatel said...

this hour HA open is 5670.54

Stockathon said...

@ Parimal sir,

For RIL what is the present 34Hrsma and 21 Hrsma.

Manish said...

Goodmorning master DR Ji and all JN friends

Have a wonderful learning and earning session to you all today.

Good Luck !!!

anmpatel said...

@DR
ha..ha..nice
akhir me to zingalala giri...

suresh said...

rel-sp: 34/21 sma hrly=819.3

Prakash Sharma said...

Nifty Spot is trading above 21 and 34 hr sma.

suresh said...

rel -sp, expected to be bearish

A J said...

@DR ji
Head and shoulder pattern on bank nifty futures now has 2 right shoulders! Its looking more like a "Draupadi's sari" pattern :D

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