Speed lines to identify the strength in the trend.

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What should novice trader keep in mind before trading the stock markets?

Trading psychology in stock markets.

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POLICY RATE SETTING MEETS OF KEY CENTRAL BANKS- (FINAL DAY)

• *RBI*: 8 DEC (Wednesday)
• *FED*: 15 DEC (Wednesday)
• *BoE*: 16 DEC (Thursday)
• *ECB*: 16 DEC (Thursday)
• *BoJ*: 17 DEC (FRIDAY)

"This generation thinks -5% in index is a correction."

No options positions amid the fed outcome today.

Cues for the day.

• US FED has decided that it would end its bond purchases in March 2022

• FED has decided on three interest rate hikes by the end of 2022, 3 more in 2023 & 2 in 2024 if conditions remain the same

• FED believes that a very strong job market & Hot inflation will be balanced in 2022

• The market response to the FED so far suggests some relief from more policy clarity and a belief that the pivot away from ultra-loose monetary settings won’t undo the rally in a range of assets from pandemic lows. But it might take some more time for the full takeaway to emerge.

^^ This week amid the FED meeting, huge short positions in indices futures were built, but the hawkish plot by the US fed may lead short covering in the Indian equities market and trigger further buying.

^^ Long positions in options were also seen significantly rising this week, an ease off could be witnessed in favor of bulls.

Resistance- 17650
Support- 17200

🔴 Market trading near crucial resistance zone -Nifty 18200-18300 & Banknifty- 38600-38900. A correction or consolidation is expected from this levels, so don't initiate any long positions as the risk-reward is not favourable. Wait for a decisive move.

In business, You need capital.

You got expenses to cover.

You don't expect to succeed from day one.

You need some time before you make a profit.

Trading is a business—so treat it as one.

𝐇𝐨𝐰 𝐭𝐨 𝐓𝐫𝐚𝐝𝐞 𝐰𝐢𝐭𝐡 𝐈𝐜𝐡𝐢𝐦𝐨𝐤𝐮 𝐂𝐥𝐨𝐮𝐝 𝐚𝐧𝐝 𝐢𝐭𝐬 𝐜𝐨𝐦𝐩𝐨𝐧𝐞𝐧𝐭𝐬 𝐚𝐟𝐭𝐞𝐫 𝐲𝐨𝐮 𝐩𝐫𝐢𝐜𝐞 𝐚𝐜𝐭𝐢𝐨𝐧 𝐭𝐫𝐚𝐝𝐞 𝐬𝐞𝐭𝐮𝐩?

The Ichimoku Cloud, also known as Ichimoku Kinko Hyo, is a versatile indicator that defines support and resistance, identifies trend direction, gauges momentum and provides trading signals.
Ichimoku Kinko Hyo translates into “one look equilibrium chart”. With one look, chartists can identify the trend and look for potential signals within that trend.

Even though the Ichimoku Cloud may seem complicated when viewed on the price chart, it is really a straightforward indicator that is very usable.

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