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In this video, Mr. Yogeshwar Vashishtha is analyzing the index nifty and the various sectors of the Indian stock market. For query call 9022330008 or visit our website Pathfinders Stock Market Trainings

Practice makes perfect

Posted: July 13, 2019 in Stock Market Trading

Though an old adage, it applies to trading in the financial markets more aptly than anywhere else.

A boxer spends hours on end punching his sandbag. A batsman spends his time perfecting his shots. An athlete keeps on practicing his skill till it becomes perfect. Each one of these and many more spend a great deal of time and energy in repeating  their craft or art till the effort becomes completely mechanical and like a robot they go about completing the action. Practice has built into their memory such perfection that their skill is manifested with a pristine finesse.

Similar to the above, a trader needs to first educate himself with all the necessary knowledge required to implement and enhance his skill. Time and effort are required to acquire any professional skill and trading is no different.

After completing his education, a trader then goes into the trading arena where he implements his knowledge. With sheer hard work, persistence and patience he is able to identify favourable trade setups. The challenge here for him is to then replicate these setups on a regular basis in order to achieve consistent results.

This consistency can only be achieved if the trader has earlier practiced so much that replicating becomes mechanical and robotic. Like a machine, then, he goes about identifying and executing his trades. Like a machine he then churns out profits and like a machine he creates wealth. No matter what the situation is and no matter how much the pressure, his performance will always remain the same and he will move with grace and perfection.

Practice makes his sub-conscious so competent that hard as he may try, he will not falter or make mistakes. This practice ultimately sets him apart and makes him a professional and an expert.

Good budget with a vision for five trillion dollar economy in a few years. The focus is on transforming rural lives. Water management has taken priority with new jal shakti ministry to ensure water to all. The direct and indirect tax structure have been made user friendly. The focus is on strengthening connectivity and developing infrastructure. Digitization is the key.The expertise India has in space abilities will be harnessed commercially. A new education policy will be revealed which will focus on quality of education on par with international standards. The rural-urban divide has been addressed. Great effort !!

Many of you must be wondering why is your stock portfolio or mutual funds going down when nifty is going up?

Nifty represents only 50 stocks and does not accurately represent the stock market. After scanning NSE stocks it is found that out of 1800 stocks more than 1200 are trading below 200SMA indicating that stock market is in a bearish phase and many of these stocks have corrected more than 50%.

https://in.tradingview.com/chart/oTWJVhc4/

34 stocks getting excluded from FNO segment. No contracts shall be available for trading in the below mentioned securities with effect from June 28, 2019

AJANTPHARM
ALBK
BEML
CANFINHOME
CEATTD
CGPOWER
CHENNPETRO
DCBBANK
GODFRYPHLP
GODREJIND
GSFC
IDFC
IFCI
INDIACEM
INDIANB
INFIBEAM
IRB
JETAIRWAYS
JISLJALEQS
KSCL
KTKBANK
MRPL
NHPC
ORIENTBANK
PCJEWELLER
REPCOHOME
RPOWER
SOUTHBANK
SUZLON
SYNDIBANK
TATACOMM
TV18BRDCST
VGUARD
WOCKPHARMA

After Mr. Rana exit Yesbank has continuously gone down, breaking one level after another and is currently at 110 on 26may19. There is a 15% mismatch between the balance sheet and the technicals giving it a target of about 130. Buy when bad news come the stock can continue to slide down. The monthly double bottom for this stock is around Rs 60 and it has already touched a low around 90. For a patient investor 75 is a good price to buy !!

01-30june19-nifty analysis

Nifty has been trading at very high valuations of 29+ PE values and failed to sustain the breakout after the election results. Since then it is continuously sliding down toward the gap-filling level around 11400. If this level is broken down, which looks likely, a coorection till 10600 levels is the next level of coorection. With the GDP in the last quarter growing at only 5.8%, there is a mismatch between the correct market price and the real valuation. A coorection of 10-15% from the highs would be a good level for reentry.

Disclaimer – stock market is subject to market risk. This analysis is the opinion of the author and for educational purpose only. Do your own analysis before investing money.

Call 9022330008 to learn how to trade like this or visit our website Pathfinders trainings Share market trading courses.