Bearish engulfing after hanging man
1 more red candle can not be ruled out
Sell on Each swing high till Nifty Futures will be trading below 6031...
Trade in Nifty futures as per these levels
Buy at / above: 6031 Targets: 6048 - 6069 - 6089 - 6112
Stoploss : 6012
Sell at / below: 6012 Targets: 5994 - 5972 - 5953 - 5936
Stoploss : 6031
Possibility of profit booking was spotted well in time and advised to sell nifty -35 points
bank nifty- 70 points
tata motors - 4 points
and ICICI bank ...
BEML buy advise too worked well traded at high of 289.90
When the market goes against you, you hope that every day will be the last day - and you lose more than you should had you not listened to hope. And when the market goes your way, you become fearful that the next day will take away your profit and you get out - too soon. The successful trader has to fight these two deep-seated instincts.
The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get rich- quick adventurer. They will die poor.
quotes from Jesse Livermore
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