Sunday 13 December 2015

BANK NIFTY-Below 16292,Panic upto 16185-16131.Don’t Panic at lower levels Indicates Bollinger Band

The most important attributes of a successful trader
The ability to notice and separate emotional responses from the decision-making process
The ability to function with some degree of independence and autonomy while still following good risk management principles
The ability to stand outside oneself and one’s concerns about images in order to function in terms of larger objectives
The ability to suppress ego and empower others to share ideas and best practices and accept coaching
Last Close : 16389.65
Break Below 16292 with volumes and stays below for 15-20 minutes then ???
PANIC up to 16185————————16131 level in panic is possible.
There after PANIC up to 15986—–15954 not ruled out.
Indicates…………………Don’t PANIC @ Lower levels :Yes sharp reversal from lower levels not ruled out.
Yes ,Just Dead Cat Bounce only.
Below 916 level if trades with volumes………….Sell it !
Target :902———————-897 level in panic.Sell if revives.
Decisive Break with volumes below 657 level and stays below 
Watch PANIC up to 633———————————625 level & then ???
2 Consecutive close below 389 level…………………………??

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