RupayTrade

  February 27, 2024 Nifty opens gap-down -30 (-0.14%) at 22080.1 As per analysis nifty suppose to be remain under selling pressure. Today sell on rise momentum will be seen in intraday trading session. It's good to sell above Nifty50 Resistance 22081 Must watch Key Nifty Level 22033 for any breakdown as well as reversal of trend in the middle of the trading session. Final calculated Support identified at 21890. There is no point holding any short position at this level on intraday basis.

   HDFCBANK as on today current market price  ₹ 1423.55 Open  ₹ 1412 Resistance for the day February 26, 2024   ₹ 1420.60 KeyLevel to watch  ₹ 1414.73 Good Support at  ₹ 1395.00 HDFCBank "Too big to fail" the getting ready for a short squeeze.  Expecting a short covering as HDFCBank trading above intraday trading resistance level. If volume and momentum continued then expect at least 5% upside in shorter time span. It's technical analysis update. Do your own analysis before making any trading or investment decisions. We also advice to go through our disclaimer page for more information. Let's look at the updated HDFCBank intraday trading chart February 26, 2024 end of the day. HDFCBank stock price made day high  ₹ 1434.85. However, failed to sustain and give breakout above Fibonacci resistance 2. Till intraday trading closing HDFCBank dragged exactly towards todays resistance as per chart above shown. Sudden selloff reason is yet to publ...

  Nifty it's buy the dip today. Good to Buy around support with target of KeyLevel, Resistance. Watch out key Nifty Levels for intraday trading as below: Open - 22171.4 Resistance - 22333 KeyLevel - 22189 Support - 22114 Sell only if Nifty Reaches around Resistance or any rejection pattern around Key Nifty Levels This post is updated with Nifty50 end of day chart. As expected Nifty movement was buy the dip. Trend reversal around 12:00 PM and we seen a good rebound but Nifty failed to hit it's Key Level today i.e. 22189. Sudden selloff in HDFCBank made bullish sentiment nervous. Finally, end of the day Nifty closed exactly above our today support level i.e. 22114. Let's see what happens tomorrow. Usually, we update Nifty Levels for intraday trading around stock market India open. Sometimes, it takes time to analyse and confirm the intraday trading levels as per view.

When it comes to position size, the significance of financial management cannot be overstated. The oldest and most crucial rule of money management, which is often disregarded, is the reason why many seasoned traders on Dalal Street went bankrupt after long and prosperous careers: Many seasoned traders on Dalal Street went bankrupt after long and successful careers because they ignored the oldest and most important rule of money management: never take on positions that are too big for your level of financial comfort. When you trade, the need to get rich quick will always be there.  Resist this temptation to avoid having to discover a painful lesson the hard way. Trading successfully is not just about making big trades with huge positions; it is also about surviving through consistency and financial preservation. Finding positions that fit your risk tolerance requires careful planning and rigorous discipline. Whether you are taking a profit, cutting a loss, or adding to a winning tr...

"All battles are decided before they are ever fought," ~Sun Tzu. That is, one should be able to get into a situation where victory is guaranteed through careful planning and preparation prior to a conflict. Traders should position themselves before trading so that they can significantly lessen the significance of their losses and thus ensure victory. When you have to trade successfully in order to survive, the emotional traps of trading become much more apparent.  Money is almost completely ignored by the most successful traders. People who are attached to the result are those who have a financial need.  This attachment typically has a negative impact on decision-making because fear is exaggerated and distorts reality. Before considering the best-case scenario, traders need to be at ease with the worst-case scenario.  The wealthiest traders have grown accustomed to the notion that they could lose everything; ironically, this notion gives them a sense of security. The amou...

For all traders, managing risk is essential to survival. It is among the few elements of the market that a trader can influence. It is among the few elements of the market that a trader can influence. The most frequent mistake made by novice traders is to take excessively large positions without considering risk management. Beginners may gamble between 50 and 100 percent of their capital on a single trade due to unrealistic expectations. It is gambling, not trading, to take big risks with large positions. Gaining consistent profits and conserving capital over time are the foundations of successful trading.  Excessive position sizes in trading frequently lead to enormous losses; this is the main cause of new traders going bankrupt fast. Huge emotions are correlated with large positions: The intensity of the emotion, be it fear or greed, increases with position. Traders who are just starting to lose discipline and trade subjectively and emotionally are typically the ones who suffer f...