Bank nifty continued with its fall and broke 15150 level in the process. Bank Nifty has now corrected 2111 points in 11 trading days fall can continue till 14862 where gann green arc lies and in worst case scenario can get extended till 14338. Market is going against me, but unable to cut my loses… Read More »
Nifty has been in panic mode from past 1 Jan 637 points in 11 days and we have seen capitulation in Mid and Small caps. Most of traders were bearish were holding long and bought Call options as covered in FII analysis. With such sudden fall many traders are caught of wrong foot and now… Read More »
Mindtree Positional/Swing Traders can use the below mentioned levels Close above 1545 Tgt 1597/1631 Intraday Traders can use the below mentioned levels Buy above 1554 Tgt 1570,1582 and 1610 SL 1542 Sell below 1525 Tgt 1513,1485 and 1444 SL 1535 Asian Paints Positional/Swing Traders can use the below mentioned levels Close above 898… Read More »
Last Week we gave Chopad Level 16050 Bank Nifty did all target on downside by Thursday and did not close above the Chopad level during the whole week, such was the selling in Banking stocks. Traders should work on New Year resolutions and use the below 2 post for planning a successful and profitable 2016.… Read More »
Last Week we gave Chopad Levels of 7555 , Nifty opened gap down below chopad levels and made low of 7494 before bouncing back near 1 target of 7605, Shorts Intitated on Tuesday were rewarded with 2 target done by Tuesday only.Lets analyses how to trade nifty next week. Traders should work on New Year… Read More »
FII’s bought 3.3 K contract of Index Future worth 158 cores ,7 K Long contract were added by FII’s and 3.6 K short contracts were added by FII’s. Net Open Interest increased by 10.6 K contract, so fall in market was used by FII’s to enter long and enter shorts in Index futures.How making a trading… Read More »
Bank nifty has invalidated the ABCD pattern as it closed below the 15453 and also broken the gann trendline in the process. Closing below 15150 on Monday can have severe implication on downside.Holding the same can see fast move towards 15550.Bank Nifty has corrected 1913 points from 1 Jan till date suggesting fall has been… Read More »
There are certain characteristics of the markets that take place almost all the time, when the indexes are about to approach an intermediate or long-term top or long term bottom. In order of importance, this is what you have to look at to identify market tops. Time Sentiment Market Breadth Price patterns Valuations Time Profiles:… Read More »
This is a real life story of engineer John Roebling building the Brooklyn Bridge in New York, USA back in 1870. The bridge was completed in 1883, after 13 years. In 1883, a creative engineer named John Roebling was inspired by an idea to build a spectacular bridge connecting New York with the Long Island.… Read More »
ZEE Positional/Swing Traders can use the below mentioned levels Close above 420 Tgt 430/442 Intraday Traders can use the below mentioned levels Buy above 420 Tgt 423,430 and 438 SL 415 Sell below 413 Tgt 408,400 and 392 SL 416 HUL Positional/Swing Traders can use the below mentioned levels Close above 843 Tgt 858/873… Read More »