Trading Indian Stock Market Using Technical Analysis

Indian stock market is no doubt one of the most volatile stock market in the world; many people have made millions of profits, and sadly lost millions also. The problem is that 90% of traders in India rely on tips which are given by amateurs and some so called technical analysts who claim 90% or in some cases 100% accuracy, this is very immature and I really feel that some autonomous body in India should come who should track these analysts closely and give them ranking or ratings on which investors can rely and then subscribe to them on the basis of the ratings, of the autonomous body. Anyways this will take time to formulate, but if done then it will surely bring sanity to the minds of day-traders and investors who invest huge sums of money on the basis of these analysts