What we said as expected gap down open —— Targets 7208.80 …… 7088.80
And Our LOC for today was 7289
Check the pull back high yes its 7287.95
then 60 points fall in Just 30 mins.
We are positional traders. and
How a positional trader use this information ???? Learn it.
We made Buy view in Jeera above 13400 (Check our previous posts With defined Stop loss) and busy to add more above 13750 (Line of Control)
Jeera now traded at 14350 ….. almost 1000 points gain in last 4 days.
Important to know its time to add more or hold or exit ….
and where is the stoploss ???
Congratulations!!!! to our subscribers…. May be they act wisely.
To answer all the questions You can also trained yourself.
Only positional traders understand bcz
They Buy/Sell like a trader but hold like an Investor.
Did you miss me.
Sell Auro Pharma on rise. SR 784 and 797. Target = 691.75 / 645.75/599.75
Result day.
— Akhilesh Jain (@Jainisakhilesh) February 9, 2016
Day traders fail sooner or later in this dynamic trading world and out from the markets finally.
Follow us ………………. We are positional trader.
We turned bearish in Nifty for short term.
and looking 7450 its LoC.
Seems market open gap down as expected & For Intraday traders 7289 will be key supply zone.
Targets intact 7208.80…….. then penic fall upto 7088.80 (Solid Support closing basis for Indian markets)
For Bank Nifty 14750 is rock support. If breached and maintained few minutes sharp panic for Intraday
14445/14000 on cards.
Finger crossed.
Be Nice to people on your way up because you'll meet them on your way down.
Wilson Mizner.— Akhilesh Jain (@Jainisakhilesh) February 9, 2016
100% agreed, Are you ??
A correction in long markets is the favorite wish for bullish Investor… They add more near supports not short their holds.
Same happening with USDINR positional traders.
Nifty seems in Bear Grip for short term below 7450.
Do not start buy until not close above this level.
Sell in range of 7420-7435
wait for lower levels.
A chart reader knows all, you might be even do not understand yet:
Ask yourself –
1. Do I know/capable all Fundamentals/Economic conditions responsible for gold rally in last few weeks and If yes (Might be in case of 1-2 % Investors only) ….. Do you believe you are one of them …. Bis question mark ????
If Yes:
a. Did I know the Entry points ?
b. Do I know the predefined exit area ?
2. Do i know this trade is fesible according to my caital ?
3. Do I know where is the (Stoplosses) and can categories like this: Initial stoploss/Break Even Stoploss /n Profit Stoploss for me ?
4. Did you enter in the trade and exit after earn few pennies and then rally ignite ???
and many more questions/problems do you face in your trading career yet.
To overcome all these obstacle trained yourself. Because no one know only single decision/view can change yours fortune.
Best of Luck.
What you think market corrections from upper levels can mislead professional ???? I think generally its never.
Positional trader never changed their mind until trend not reversed
They are the real gainer.
Check out our Jan 20th and Feb 4th views on Silver.
Then you realized, how a professional Technical Trader different from Amateur Trader.
I am crazy about These simple lines for more then last 6 years
Our subscriber bullish on Silver every time above 34050. Now they are busy to add Silver above 34650 aggressively.
Remember We are positional trader.
We are here to serve you for the best Technical Analysis methodologies and theories.
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