Shekhar's Tech-30.09.15-Intra Day Level

extra call-sell nifty future 7926-29 with sar ______

Buy Abv. 7860 With SL 7841 For Targets 7899 7914

Sell Below 7841 With SL 7859 For Targets (7802) (7787)

As rules- 1. Take any entry/exit by filttering of 2-2.5 points even for reverse...

                      Check accuracies in a month atleast.

2. At buy targets...can sell with stop loss of +15 points from 2nd target

    Same as reverse ,

    At sell targets...can buy with stop loss of -15 points from 2ndt target

Performance- From 12h July to till now earned 

total 1350 points

https://www.facebook.com/groups/481977645293227/511431089014549/?notif_t=group_comment

Got total more than points is 44

Rate cut lifts Sensex 162 pts, Nifty above 7800 amid late volatility

The focus of monetary action in the near term will now shift towards removing impediments in rate cut transmission by banks, the RBI said.

The Reserve Bank of India (RBI) lowered the benchmark repo rate by 50 basis points to 6.75 percent, while keeping CRR and SLR unchanged at 4 percent and 21.5 percent, respectively. This marks the fourth repo rate cut by the RBI since January 2015. However, it has lowered its FY16 GDP growth target to 7.4 percent from 7.6 percent. It also said the focus should now shift to bringing inflation down to 5 percent by FY17-end. The repo rate was last at 6.75 percent in March 2011. The focus of monetary action in the near term will now shift towards removing impediments in rate cut transmission by banks, the RBI said. It also intends to work with the government to ensure that banks pass on the bulk of the cumulative 125 basis points cut since January this year. "A further monetary policy accommodation will be conditioned by the abating of recent inflationary pressures, the full monsoon outturn, possible Federal Reserve actions and greater transmission of its front-loaded past actions," the RBI press release said. Governor Raghuram Rajan said the RBI intends to be as accomodative as possible given its inflation targets and with this 50 basis points rate cut, he has front-loaded action. However, the RBI cautioned that since the third bi-monthly statement of August 2015, global growth has moderated, especially in emerging market economies (EMEs), global trade has deteriorated further and downside risks to growth have increased. As far as India is concerned, a tentative economic recovery is underway, but is still far from robust, the RBI statement stated.  However, there are a lot of questions on the impact of poor monsoon on inflation. The RBI said looking forward, inflation is likely to go up from September for a few months as favourable base effects reverse. The RBI expects the outlook for food inflation to improve if the increase in sown area translates into higher production. "Moderate increases in minimum support prices should keep cereal inflation muted, while subdued international food price inflation should continue to put downward pressure on the prices of sugar and edible oil, and food inflation more generally," RBI said.  Rajan also expects pro-active supply-side management by the government. "It is important that pro-active supply-side management by the government be in place to head off any food price pressures should they materialise, especially in respect of onion and pulses." RBI said it expects CPI inflation to average around 5.5 percent in October-December and 5.8 percent in January-March 2016 and finally moderate to 4.8 percent in January-March 2017. The RBI has also said that foreign investment cap in government bonds will be relaxed in phases to 5 percent by March 2018. A hike in foreign investment limit in bonds will be announced every March and September. The foreign investment limits in debt will be fixed in rupee terms. In aggregate terms, this is expected to open up room for additional investment of Rs 1,20,000 crore in the limit for central government securities by March 2018 over and above the existing limit of Rs 1,53,500 crore for all government securities (G-sec). Also, the RBI said Indian corporates can now issue rupee denominated bonds with a minimum maturity of five years at overseas locations within the ceiling of foreign investment permitted in corporate debt (USD 51 billion at present). 

Shekhar's Tech-29.09.15-Intra Day Level

BUY NF AT 7720-16 SLR 7695...

today our client earned more than +130 point in NF ,,,, group member follows or not no idea ,,,,,

 · 9 hrs

But without risk made more than 45 points

As rules- 1. Take any entry/exit by filttering of 2-2.5 points even for reverse...

                      Check accuracies in a month atleast.

2. At buy targets...can sell with stop loss of +15 points from 2nd target

    Same as reverse ,

    At sell targets...can buy with stop loss of -15 points from 2ndt target

Performance- From 12h July to till now earned 

total 1306 points

https://www.facebook.com/groups/481977645293227/511431089014549/?notif_t=group_comment

Got total more than points is 45

Shekhar's Tech-28.09.15-Intra Day Level

SELL NIFTY 7892-7902 WITH SAR 7922...

BOOK 25 POINTS WITH HALF QUANTITY...

· Yesterday at 9:31am

TSL WILL COST2COST OR AGAIN CAN SELL BY BOOKED QUANTITY WITH SAME LEVEL ANS SL...

 · Yesterday at 9:34am · Edited

7895 to 7865 ..................SOLID PUNCH

risky traders Can BUY NIFTYF 7870-65 with sar 7837 LEVEL

 Yesterday at 9:50am · Edited

 SOLD REMAINING QUANTITY CAN BOOK FULL NEAR 7850...

 Yesterday at 9:54am · Edited

 KEEP AGAIN 25-30 POINTS ....

Yesterday at 10:04am

today's trade's sold near 7900 low 7857. .......bought 7865 booked 7895 ....... again sold near 7900 hold with SLR level _______

· 22 hrs

i hope every member earned good profit in intra-day.

As rules- 1. Take any entry/exit by filttering of 2-2.5 points even for reverse...

                      Check accuracies in a month atleast.

2. At buy targets...can sell with stop loss of +15 points from 2nd target

    Same as reverse ,

    At sell targets...can buy with stop loss of -15 points from 2ndt target

Performance- From 12h July to till now earned 

total 1261 points

https://www.facebook.com/groups/481977645293227/511431089014549/?notif_t=group_comment

Got total more than points is 50

Sensex rises 171 points- Nifty ends above 7800; F&O expiry eyed

Equity benchmarks fell 1 percent in morning trade on weakness in Asian peers after weak Chinese data, but positive European cues helped Indian equities rebound sharply in afternoon trade.

The market managed to see recovery in later part of the session on Wednesday ahead of expiry of Nifty September derivative contracts. Equity benchmarks fell 1 percent in morning trade on weakness in Asian peers after weak Chinese data, but positive European cues helped Indian equities rebound sharply. The 30-share BSE Sensex rose 171.15 points or 0.67 percent to 25822.99 and the 50-share NSE Nifty climbed 33.95 points or 0.43 percent to 7845.95. The broader markets too gained in line with benchmarks; the BSE Midcap and Smallcap indices advanced 0.5 percent and 0.7 percent, respectively. Experts said they expect rangebound trade to continue in near term but they feel there are lot of opportunities for investment post recent correction. The Nifty is expected to remain in tight range of 7500 to 8100, Mayuresh Joshi of Angel Broking said. Delay in corporate earnings recovery could drive market towards the lower end, he added. According to Nandan Chakraborty of Axis Capital, in the next one year some of the positives for Indian economy could be in terms of cut in interest rates and government’s focus on infrastructure capex leading to boost in corporate capex. However, India in isolation cannot continue to outperform if the world is not doing well, and currently the world is not doing that well, Chakraborty said. Globally it was a mixed day. Key indices in Asia finished lower as China's September flash manufacturing PMI fell to a 6.5-year low of 47. Shanghai Composite and Hang Seng dropped 2 percent each. However, European markets managed to shrug off the Chinese growth concerns with the France's CAC, Germany's DAX and Britain's FTSE gaining around 0.7-1.4 percent (at 16 hours IST). Meanwhile, Prime Minister Narendra Modi kicked off his two nations' tour in Ireland today. He will meet Irish counterpart Enda Kenny and also attend an Indian community event before departing for New York. Banking, technology and select oil stocks supported the market in later part of trading session.

          HDFC Bank, Lupin, Mahindra & Mahindra and Vedanta were top gainers in trade today, up 2-3 percent followed by Infosys and ICICI Bank with more than 1 percent upside. ITC rallied 1.7 percent despite UP Government has raised VAT on tobacco & cigarette to 40 percent from 25 percent. Larsen & Toubro also recovered, closing up 0.8 percent. The stock lost more than 2 percent in morning trade after rating agency ICRA downgraded term loans worth Rs 1,500 crore of toll road SPVs to default. However, state-run power equipment maker BHEL lost 1.2 percent after rating agency CRISIL has lowered outlook on the company due to power sector overhangs. 

          Tata Motors and Bharti Airtel were other major losers, down around 1.5 percent. In the broader space, IDBI Bank rallied 9 percent. MD and CEO Kishor Kharat said while he hasn't heard any news of an Axis Bank like structure for IDBI Bank, but it would certainly be a welcome move if it happens. Dishman Pharma jumped 16 percent close more than seven-year high of Rs 306.95 after the company announced a tie-up that makes them exclusive supplier of the API for Janssen's tuberculosis drug - Sirturo. Visa Steel was locked at 20 percent upper circuit as the company confirmed that lenders have decided to invoke strategic debt restructuring in the joint lenders forum meet. Tide Water Oil rose 3.5 percent on the back of surprise open offer announcement by minority shareholders. Standard Greases & Specialities has tied up with Janus Consolidated Finance, Alpha TC Holdings and Tata Capital Growth Fund to acquire 26 percent stake in Tide Water.

Shekhar's Tech-22.09.15-Intra Day Level

Buy Abv. 7968 With SL 7949 For Targets 8007 8022

Sell Below 7949 With SL 7967 For Targets (7909) (7894)

As rules- 1. Take any entry/exit by filttering of 2-2.5 points even for reverse...

                      Check accuracies in a month atleast.

2. At buy targets...can sell with stop loss of +15 points from 2nd target

    Same as reverse ,

    At sell targets...can buy with stop loss of -15 points from 2ndt target

Performance- From 12h July to till now earned 

total 1211 points

For Live updates-  https://www.facebook.com/groups/481977645293227/

my level traders can book 50% by 25 points...in short call by rule 2.
Extra call-My level was -
Buy nf 7976-6with sar 7943...

Got total points is 45

RBI may cut policy rate by 25 bps on Sep 29: Report

The data on Wholesale Price Index (negative 4.9 percent) and Consumer Price Index (3.66 percent) continue to reflect a benign inflationary environment, said ratings and research firm Ind-Ra

With inflation figures continuing to reflect benign environment, the RBI is likely to go for a 25 basis points rate cut while announcing its bimonthly monetary policy on September 29, a report said on Monday. 

The data on Wholesale Price Index (negative 4.9 percent) and Consumer Price Index (3.66 percent) continue to reflect a benign inflationary environment, said ratings and research firm Ind-Ra. While it expects the impact of base effect to reflect in higher inflation numbers for next month, they should remain within the Reserve Bank's guided path of CPI of 6 per cent by the year end.

"With real interest rates remaining high and a gradual growth trajectory, Ind-Ra expects the regulator to cut the policy rates by 25 bps (25 basis points or 0.25 per cent) to 7 per cent during this month," it said. However, the agency said that uncertainty created by US Federal Reserve's status quo may limit aggressive rate cuts and offer some protection against volatility. Further, it expects rupee to appreciate during the week as a run up to the monetary policy announcement on September 29.

"Key drivers would remain the expectations of a relaxation in foreign institutional investor limits for G-Secs, generalised risk-on in the short term and expectations of a rate cut in the policy," it added. But it said the currency remains vulnerable to a global risk-off situation, global growth and financial market concerns. "Ind-Ra remains cautious on the medium-term outlook of the rupee." Post the US Fed policy announcement last week, it said the focus will now shift to the impact of a slowing global economy and in respect of India, the ability of the domestic markets to pick up the slack.

"With recent trade data re-emphasising the limitations of exports as a growth engine, the focus would be on consumption story along with government's spending on infrastructure." Ind-Ra expects investments by the private corporate sector to remain tepid for the next 12-18 months, given the stretched balance sheets and low capacity utilisation levels, it added. Further Ind-Ra said that it expects improvements in the GDP growth to be gradual during FY16 and FY17.

Shekhar's Tech-21.09.15-Intra Day Level

Buy Abv. 8009 With SL 7989 For Targets 8048 8063

Sell Below 7989 With SL 8008 For Targets (7949) (7934)

As rules- 1. Take any entry/exit by filttering of 2-2.5 points even for reverse...

                      Check accuracies in a month atleast.

2. At buy targets...can sell with stop loss of +15 points from 2nd target

    Same as reverse ,

    At sell targets...can buy with stop loss of -15 points from 2ndt target

Performance- From 12h July to till now earned 

total 1166 points

Extra calls if levels doesn't work under price
When more gap up/down
can buy nf 7917-10 with sar 7878 ( add more near sar-sl)

7915 to 7940 booked,,,,, sold near 7965 booked 7940..............

By both side got more than 45 points...

For Live updates-  https://www.facebook.com/groups/481977645293227/

Global financial markets Shaky China & uneasy : US Fed worries about ripple effects

By Nelson D Schwartz 

Lots of buzz concerning the impact of higher interest rates in the United States. A major trading partner creating shock waves in the global economy. Stock market volatility spreading around the world. 


Sound familiar? It certainly does to Federal Reserve policymakers, who hesitated this week about lifting their key interest rate lever from close to zero because of worries about the ripple effects of a shaky Chinese economy and uneasy global financial markets. What they remember is a situation that played out more than 20 years ago, in 1994 and early 1995. 

Th country in question then was Mexico, as rising rates in the United States put pressure on an emerging market economy already suffering from a weakening currency and too much debt. 

Ultimately, Mexico had to be bailed out by the United States and the International Monetary Fund. And something like the so-called Tequila Crisis and other episodes of global economic turmoil in the 1990s are exactly what officials hope to avoid — or at least lessen — 

When Fed policymakers do eventually decide to move, they should emphasize that it is not the beginning of a relentless new tightening phase, said Robert E. Rubin, President Bill Clinton's Treasury secretary from 1995-99. 

At the time of the initial rate increase, he said, Fed officials should make clear that future increases will only come if the data suggests the economy continues to strengthen and that higher interest rates and a tighter monetary policy are required to head off .

At the time of the initial rate increase, he said, Fed officials should make clear that future increases will only come if the data suggests the economy continues to strengthen and that higher interest rates and a tighter monetary policy are required to head off the clear risk of inflation. 

RBI grants in-principle nod to 10 small banks' applicants

The Reserve Bank of India (RBI) today granted an in-principle nod to 10 applicants for small finance banks. According to a statement by the central bank, the in-principle approval granted will be valid for 18 months to enable the applicants to comply with the requirements under the Guidelines and fulfil other conditions as may be stipulated by the RBI. "On being satisfied that the applicants have complied with the requisite conditions laid down by it as part of in-principle approval, the RBI would consider granting them a licence for commencement of banking business under Section 22(1) of the Banking Regulation Act, 1949," adds the statement. According to the in-principle nod given by the central bank, the applicants cannot undertake any banking business until a regular licence is issued. A small finance bank, according to RBI, should have 75 percent of its adjusted net bank credit to be extended to priority sector and it should have atleast 25 branches in unbanked rural areas. A total of 72 players had applied for the small finance bank licence and three different committees contributed to the final decision. Here are the names of selected applicants: 

1. Au Financiers (India) Limited, Jaipur 2. Capital Local Area Bank Limited, Jalandhar 3. Disha Microfin Private Limited, Ahmedabad 4. Equitas Holdings P Limited, Chennai 5. ESAF Microfinance and Investments Private Limited, Chennai 6. Janalakshmi Financial Services Private Limited, Bengaluru 7. RGVN (North East) Microfinance Limited, Guwahati 8. Suryoday Micro Finance Private Limited, Navi Mumbai 9. Ujjivan Financial Services Private Limited, Bengaluru 10.Utkarsh Micro Finance Private Limited, Varanasi. Samit Ghosh, MD and CEO, Ujjivan Financial Services Private Limited, says the first obstacle for the company will be to convert its ownership structure from foreign to domestic. The micro-finance company has Rs 3300 crore assets under management (AUM) and caters to 24 states and union Territories. BS Radhakrishnan of Janalakshmi FInancial Services says the RBI's intention behind granting approvals to both small banks and payment banks (in the recent past) is to create competition so that customers can get a variety of choices. 

"The noteworthy part, though, he adds is that payment banks can only accept deposits, unlike us who can lend too. So the ability of small banks to look at both sides of the balancesheet will help the company," he explains. Guidelines to be met by small finance banks: - 75 percent of Adjusted Net Bank Credit to be extended to priority sector - 50 percent of loan portfolio to constitute loans & advances of upto Rs 25 lakh - 25 branches must be in unbanked rural areas - Maximum loan size & investment limit to single obligor restricted to 10 percent of capital funds - Maximum loan size & investment limit to a group restricted to 10 percent of capital funds - Require minimum paid up equity capital of Rs 100 crore. - Promoter stake must be at 40 percent in first 5 years - Promoter stake to be brought down to 30 percent within 10 yrs, 26 percent  in 12 years - Listing mandatory within 3 years of reaching Rs. 500 crore net worth - Maximum foreign shareholding of 74 percent allowed 

Shekhar's Tech-15.09.15-Intra Day Level

Nifty Intraday/Day trading levels-

Buy Abv. 7853 With SL 7834 For Targets (7892)-(7807)

Sell Below 7834 With SL 7852 For Targets (7795)-(7780)

As rules- 1. Take any entry/exit by filttering of 2-2.5 points even for reverse...

                      Check accuracies in a month atleast.

2. At buy targets...can sell with stop loss of +15 points from 2nd target

    Same as reverse ,

    At sell targets...can buy with stop loss of -15 points from 2ndt target

Performance- From 12h July to till now earned 

total 1121 points

Follow ups-
Live follow ups on- https://www.facebook.com/groups/481977645293227/

Shekhar's Tech-14.09.15-Intra Day Level

Nifty Intraday/Day trading levels-

Buy Abv. 7799 With SL 7780 For Targets (7837)-(7852)

Sell Below 7780 With SL 7798 For Targets (7741)-(7726)

As rules- 1. Take any entry/exit by filttering of 2-2.5 points even for reverse...

                      Check accuracies in a month atleast.

2. At buy targets...can sell with stop loss of +15 points from 2nd target

    Same as reverse ,

    At sell targets...can buy with stop loss of -15 points from 2ndt target

Performance- From 12h July to till now earned 

total 1139 points

Follow ups-
Live follow ups on- https://www.facebook.com/groups/481977645293227/

Wall Street climbs, S&P 500 posts best week since July-

The Dow Jones industrial average rose 102.69 points, or 0.63 percent, to 16,433.09, the S&P 500 gained 8.76 points, or 0.45 percent, to 1,961.05 and the Nasdaq Composite added 26.09 points, or 0.54 percent, to 4,822.34
.

US stocks rose on Friday and the S&P 500 posted its biggest weekly gain since July as

 investors weighed whether the Federal Reserve will raise interest rates next week. Energy 

shares dropped, however, after Goldman Sachs cut its oil price forecast through next year. 

Eight of the 10 S&P 500 sectors closed higher, led by gains in utilities, which tend to rise as 

bond yields fall. The index ended up 0.8 percent, while 10-year US Treasury note US10YT=RR 

yields dipped. Investors are awaiting next week's Fed monetary policy meeting and news on

whether it will raise benchmark US rates for the first time in almost a decade. "It's really Fed 

watch. That's what traders are waiting for," said Tim Ghriskey, chief investment officer of 

Solaris Group in Bedford Hills, New York. "There's speculation the Fed might hold off, and if 

they do, I think we'll see stocks rally. But to us, it's not a question of if the Fed raises rates but 

when. It's going to happen." The Dow Jones industrial average rose 102.69 points, or 0.63 

percent, to 16,433.09, the S&P 500 gained 8.76 points, or 0.45 percent, to 1,961.05 and the 

Nasdaq Composite added 26.09 points, or 0.54 percent, to 4,822.34. For the week, the S&P

 was up 2.1 percent and the Nasdaq rose 3.0 percent, registering their biggest weekly

 percentage gains since mid-July. The Dow was up 2.1 percent for the week, its best weekly 

percentage increase since late March. Stocks have been volatile since China devalued its

 currency in August amid concerns of sputtering growth in the world's second-largest economy.

 The S&P 500 has had moves of at least 1 percent in 11 sessions since Aug. 20. The Fed has 

said it will raise rates when it sees a sustained economic recovery, especially in the job market. 

The day's data signaled moderate economic growth and tame inflation. U.S. consumer 

sentiment dropped to its lowest in a year in early September, while producer prices for August 

were flat. Oil prices fell after the Goldman forecast, which cited oversupply and concerns over 

China's economy. Goldman said crude could fall as low as USD 20 a barrel. ConocoPhillips, 

down 2.2 percent at USD 47.36, was the biggest drag on the S&P 500. Gilead rose 2.2

 percent to USD 109.63 after the company's USD 10 billion debt offering this week fueled 

speculation it was planning a big acquisition. On the down side, Zumiez fell 32.5 percent to 

USD 14.63 after the sports apparel and accessories maker forecast third-quarter sales and 

profit below analysts' estimates. Volume was light. About 6.0 billion shares changed hands on 

US exchanges, compared with the 8.0 billion daily average for the past 20 trading days
, 
according to Thomson Reuters data. Advancing issues outnumbered declining ones on the NYSE by 1,629 to 1,429, for a 1.14-to-1 ratio on the upside; on the Nasdaq, 1,565 issues rose and 1,216 fell for a 1.29-to-1 ratio favoring advancers. The S&P 500 posted one new 52-week high and 10 new lows; the Nasdaq recorded 32 new highs and 87 new lows.

Shekhar's Tech-10.09.15-Due to big gaps todays levels won't work...

Nifty Intraday/Day trading levels-

Buy Abv. 7835 With SL 7816 For Targets (7873)-(7888)

Sell Below 7816 With SL 7834 For Targets (7777)-(7762)

As rules- 1. Take any entry/exit by filttering of 2-2.5 points even for reverse...

                      Check accuracies in a month atleast.

2. At buy targets...can sell with stop loss of +15 points from 2nd target

    Same as reverse ,

    At sell targets...can buy with stop loss of -15 points from 2ndt target

Performance- From 12h July to till now earned 

total 1104 points

Follow ups-

Live follow ups on- https://www.facebook.com/groups/481977645293227/

Due to gaps of more than 80-100 points my level doen't work...

but in morning was-buy nf 7695-90...see 2 times given 25-30 points...

By extra call got good points more than 35 points...

Improve Your Life: 10 Things You Should Do Every Day

10 things that scientific research shows can help improve your life.

1) Get out in nature

You probably seriously underestimate how important this is. (Actually, there’s research that says you do.) Being in nature reduces stress, makes you more creative, improves your memory and may even make you a better person.

2) Exercise

We all know how important this is, but few people do it consistently. Other than health benefits too numerous to mention, exercise makes you smarter, happier, improves sleep, increases libido and makes you feel better about your body. A Harvard study that has tracked a group of men for more than 70 years identified it as one of the secrets to a good life.

3) Spend time with friends and family

Harvard happiness expert Daniel Gilbert identified this as one of the biggest sources of happiness in our lives. Relationships are worth more than you think (approximately an extra $131,232 a year.) Not feeling socially connected can make you stupider and kill you. Loneliness can lead to heart attack, stroke and diabetes. The longest lived people on the planet all place a strong emphasis on social engagement and good relationships are more important to a long life than even exercise. Friends are key to improving your life. Share good news and enthusiatically respond when others share good news with you to improve your relationships. Want to instantly be happier? Do something kind for them.

4) Express gratitude

It will make you happier.

It will improve your relationships.

It can make you a better person.

It can make life better for everyone around you.

5) Meditate

Meditation can increase happiness, meaning in life, social support and attention span while reducing anger, anxiety, depression and fatigue. Along similar lines, prayer can make you feel better — even if you’re not religious.

6) Get enough sleep

You can’t cheat yourself on sleep and not have it affect you. Being tired actually makes it harder to be happy. Lack of sleep = more likely to get sick. “Sleeping on it” does improve decision making. Lack of sleep can make you more likely to behave unethically. There is such a thing as beauty sleep.

Naps are great too. Naps increase alertness and performance on the job, enhance learning ability and purge negative emotions while enhancing positive ones. Here’s how to improve your naps.

7) Challenge yourself

Learning another language can keep your mind sharp. Music lessons increase intelligence. Challenging your beliefsstrengthens your mind. Increasing willpower just takes a little effort each day and it’s more responsible for your success than IQ. Not getting an education or taking advantage of opportunities are two of the things people look back on their lives and regret the most.

8) Laugh

People who use humor to cope with stress have better immune systems, reduced risk of heart attack and stroke, experience less pain during dental work and live longer. Laughter should be like a daily vitamin. Just reminiscing about funny moments can improve your relationship. Humor has many benefits.

9) Touch someone

Touching can reduce stress, improve team performance, and help you be persuasive. Hugs make you happier. Sex may help prevent heart attacks and cancer, improve your immune system and extend your life.

10) Be optimistic

Optimism can make you healthier, happier and extend your life. The Army teaches it in order to increase mental toughness in soldiers. Being overconfident improves performance.