Never trade with borrowed capital, only trade with funds you can afford to risk. Divide your capital into few equal parts; never risk more than one part of your capital on any one trade. Never average a loosing trade, also avoid taking small profits and big losses. Trade only in active and high volume stocks/ futures. Always limit your losses - use stop orders. Do not try to focus on too many stocks at once, limit your focus to a manageable number. Do not guess where the top and bottom is, but let the market signal its top and bottom. Never get emotionally involved with your trades as emotions often work against you. Always keep records of your trading results and analyze the results. Remember that standing aside is a position and often the best one to take if you cannot form an opinion as to where the market is heading. Never get into a trade because you are anxious from waiting, and never get out of a trade just because you have lost your patience. Avoid trading based on rumors. Never fight markets, do not get attached to a particular idea or scenario. Market is always right, so follow the trend as it is your friend. Control greed and fear so that you can stand against the crowd when required. Have discipline so you can execute what is planned with proper money management. View Video

9:30 AM : Good Morning. Crude=58.03$. $=49.37Rs. US & European Markets mixed overnight;Asian Markets,US & European Index Futures trading +ve. Nifty Support 3330-3300, Resistance  3420-3450. +ve opening, gains likely to sustain throughout the day. 10:03 AM : Buy Reliance @ CMP 1491, Stop Loss 1469, Target 1523-1544+ Intraday/BTST. 10:34 AM : Buy IDFC @ CMP 58.10, Stop 56.40, Target 62-64+ Intraday/BTST. 10:50 AM : Long Reliance hits intraday target, book partial profits, hold rest with trailing stops. 11:40 AM : Take delivery JP Associates @ 96, Stop Loss 89, Target 127-134+ in 1-2 Weeks. 12:34 PM : Long Nifty March Futures CMP 3351, Stop Loss 3319, Target 3390-3420+ Intraday. 12:53 PM : Sell Ranbaxy CMP 185.40, Stop Loss 188.10, Target 180-176 and lower Intraday. Positional Traders Buy 180 Puts @ CMP 8.20, Stop Loss 5.10, Target 14-17+ in 1-3 Days. 1:28 PM : Positional Godrej Industries recommended @ 91 for 2-3 weeks, hits target 124, book profits. 1:40 PM : Buy Nifty 3400 March Call @ CMP 81 and hold till expiry, Stop Loss 49. Target 130-160+. 1:59 PM : IDFC Long hits intraday target, book partial profits, hold rest with trailing stops. 2:22 PM : Buy Tata Steel 200 March Call @ CMP 12.25, Stop Loss 8, Target 22-28+ in 1 Week.  2:50 PM : Long Nifty March Futures hits intraday target, book profits. 3:01 PM :  Ranbaxy intraday short, stop loss hit, exit. Traders hold positional puts. 3:16 PM : Cash Call - Buy ABAN CMP 312, Stop Loss 219, Target 510-660+ in 3-6 Months. 3:32 PM : Nifty gaining strength, see you all tomorrow. Have a nice day  ahead.