In order to be a successful day trader, you need to have the right tools, choose the right markets, and trade the right trading systems. However, it is just as important to have the right psychological and emotional outlook. Without the right psychology, your emotions will have a big impact on your trading, and may even prevent you from trading at all. The two main emotions that day traders experience are fear and greed, and while you will probably not be able to remove these emotions completely, you will need to manage them.
LAST CLOSE @ 5701
AS EXPECTED NIFTY FUTURE IN FREE FALL MODE
TRADING BELOW 5708
BEARS TRY TO KISS 5675- 5670 LEVELS IN PANIC
THEREAFTER
5660 WILL ACT AS SUPPORT
ONCE BREAK AND REMAIN BELOW 5660
CREATE MORE PANICCCCCC
SEE 5445 IN HRS ONLY
TRADING AND STAYING ABOVE 5710
BULLS TRY TO RALLY UPTO
5728---------5735
THEN SEE MORE FIRE WORKS
UPTO 5755
YESTERDAY ENJOYED FREE FALL IN
INFOSYS - ICICI - TCS
LAST CLOSE @ 819
TECHNICALLY WEAK
TRADING BELOW 824 INDICATES WEAKNESS
WILL TAKE TO 808 - 803
795 NOT RULED OUT IN INTRA OR IN COMING DAYS
RESISTANCE @ 824 - 828 - 833
LAST CLOSE @ 2270
PRICE TRADING AND STAYING BELOW 2270
EXPECT SLIDE WILL CONTINUE
VERY SOON BEARS TRY TO HIT
2253------2245------2240
STRONG SUPPORT AROUND 2240- 2245 LEVELS
LAST HOPE FOR BULLS 2225
ABOVE 2280
HURDLES @ 2305-------------2325
LAST CLOSE @ 796
BELOW 795
SEE NON STOP SLIDE
778--------775
HURDLES @ 800---------808
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