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Showing posts from February, 2023

The Tunnel Thru the Air (1927) by W. D. Gann : Summary

  "The Tunnel Thru the Air" is a fascinating novel that combines elements of science fiction, time travel, and stock market analysis. It offers valuable insights into the workings of the stock market and the importance of perseverance and faith in achieving success. While some of the language and ideas in the book may be outdated, its core messages about the power of positive thinking and the importance of understanding the stock market are still relevant today. The novel is set in the 1920s and follows the story of Robert Gordon , a successful stock trader and market analyst who is also an inventor. Gordon is fascinated by the concept of time travel and has been working on a device that he believes will allow him to travel through time. Gordon is in love with a woman named Louise and plans to marry her, but she disappears without a trace. He is devastated by her disappearance and begins to focus all his energy on finding her. In his quest to find Louise, Gordon discovers a

Gann Square Of 9 : W. D. Gann ( With HDFC stock application)

  The Gann Square of 9 is a tool used in technical analysis that is based on the concepts of geometric progression and price and time symmetry. The tool is named after William Delbert Gann , a legendary trader and author of several books on trading and market analysis. The Gann Square of 9 is designed to help traders identify key price levels and support and resistance areas in the market, and it can be applied to any financial instrument, including stocks, commodities, and currencies.   The Gann Square of 9 consists of a grid of numbers arranged in a spiral pattern, with the number 1 at the center and the remaining numbers spiraling outwards in a clockwise direction. Each square in the grid represents a price level, and the values increase in a geometric progression as you move outwards from the center. The grid is divided into four quadrants, each containing 90 price levels. The numbers in the grid are arranged such that the square of any number in the grid is equal to the price l

Speculation A Profitable Profession (1927) by WD. Gann : Summary

  "  Speculation A Profitable Profession  " is a book written by William Delbert Gann in 1927. The book outlines many of Gann's trading strategies and techniques, and it has become a classic in the field of technical analysis.  Here is a bullet point summary of the main points covered in the book:   Gann believes that trading should be approached as a profession, rather than as a gamble or a game. The key to successful trading is understanding market cycles and using technical analysis to identify support and resistance levels in the market. Gann argues that a trader's mindset is critical to success, and that traders should avoid emotions like fear and greed. The book covers various chart patterns that Gann used to identify market movements and make profitable trades, including the head and shoulders pattern, the double top and bottom pattern, and the triangle pattern. Gann also discusses the importance of volume in trading and how it can be used to confirm price mo

"Truth of the Stock Tape" by W. D. Gann : Summary

"Truth of the Stock Tape" is one of the most famous books written by William Delbert Gann, published in 1923. The book outlines many of Gann's trading strategies and techniques, and it has become a classic in the field of technical analysis.  Here is a bullet point summary of the main points covered in the book:   The markets are cyclical and move in repeating patterns that can be predicted and traded profitably. Gann believes that the key to successful trading is understanding market cycles and using technical analysis to identify support and resistance levels in the market. Gann's trading philosophy is based on the idea that price and time are closely related in the markets, and that price movements can be plotted on a chart using a series of angles. These angles, called "Gann angles," are derived from the concept of the circle, with each angle representing a different price and time relationship. Gann believed that the most important support and resist

W. D. Gann : Mysterious Trader of Stock Market

  William Delbert Gann (1878-1955) was an American trader and market analyst who is considered to be one of the pioneers of technical analysis. He is known for his work in developing trading strategies and forecasting financial markets using mathematical and geometrical principles. Gann's approach to trading was based on the analysis of price and time, and his techniques have had a lasting impact on the field of technical analysis.   Gann was born on a farm in Lufkin, Texas, and grew up in poverty. He began his career in trading in the early 1900s and quickly gained a reputation as a successful trader. Gann's trading philosophy was based on the idea that the markets are cyclical, and that these cycles can be predicted and traded for profit. He believed that market movements were the result of natural laws that could be understood and predicted, and he developed a number of techniques for forecasting market movements.   One of Gann's most famous techniques was the use o

How to Trade Bank Nifty Options in NSE India ?

NSE Bank Nifty Options are financial contracts that give the buyer the right, but not the obligation, to buy or sell the Bank Nifty Index at a predetermined price, on or before a specified date. Bank Nifty is a stock index that comprises the 12 most liquid and large capitalized banking stocks listed on the National Stock Exchange (NSE) of India. The index provides a benchmark for the banking sector and is widely used by traders and investors to track the performance of the banking sector in India. NSE Bank Nifty Options are traded on the NSE, which is one of the leading stock exchanges in India. The options contracts are standardized with respect to the contract size, strike price, and expiration date. The contract size for NSE Bank Nifty Options is 25 times the value of the Bank Nifty Index. For example, if the Bank Nifty Index is trading at 35,000, the value of one NSE Bank Nifty Option contract would be 25 x 35,000 = 8,75,000. The strike price of an option is the price at whic

The settlement system: National Stock Exchange of India (NSE)

 The settlement system is a critical part of the functioning of any stock exchange. It is responsible for ensuring the smooth transfer of securities and funds from the seller to the buyer after a trade has been executed. The National Stock Exchange of India (NSE) has a robust and efficient settlement system in place to ensure that trades are settled in a timely and accurate manner. The settlement cycle in the equity segment of the NSE is T+2, which means that trades executed on a Monday will be settled on Wednesday. The settlement cycle for other segments, such as derivatives and currency derivatives, may differ. The settlement system of the NSE is a multi-step process that involves several entities, including the exchange, clearing corporations, custodians, depositories, and trading members. Trade Execution: The first step in the settlement process is trade execution. Trades are executed on the NSE's trading platform based on the orders placed by buyers and sellers. The NSE's

The Bombay Stock Exchange (BSE) : INDIA

The Bombay Stock Exchange (BSE) is the oldest stock exchange in Asia, having been established in 1875. It is also the first stock exchange in India and one of the leading exchanges in the world. The BSE is located in Mumbai and is a major platform for trading in equities, derivatives, currencies, and debt instruments. In this article, we will provide an overview of the BSE, its history, and its significance in the Indian financial system. History of the BSE The Bombay Stock Exchange was initially formed as the Native Share and Stock Brokers Association in 1875. At that time, the exchange had just five brokers who would gather under a banyan tree near the Town Hall in Mumbai to trade stocks. In 1956, the exchange was renamed the Bombay Stock Exchange and moved to its current location at Dalal Street. In 1986, the BSE introduced the BSE SENSEX, which is the benchmark index of the Indian stock market. The SENSEX is made up of 30 of the largest and most actively traded companies on the

National Stock Exchange : NSE INDIA

The National Stock Exchange (NSE) is the largest stock exchange in India in terms of market capitalization, with a market share of approximately 80% of the equity market in the country. It was established in 1992 and is headquartered in Mumbai, India. NSE operates on an electronic platform and offers trading in equity, derivatives, currency, and debt markets. In this article, we will take a closer look at the National Stock Exchange, its history, and the different markets it operates. History The National Stock Exchange was established in 1992 by a group of leading financial institutions in India, including the Industrial Development Bank of India, the Unit Trust of India, and the Life Insurance Corporation of India. NSE was set up to provide a modern, transparent, and efficient trading platform for investors in India. The exchange was modeled on the NASDAQ in the United States, which was the first electronic stock exchange in the world. In 1994, NSE launched its first index, the Nifty