As discussed in Last Analysis Support is again at 7550 and resistance in range of 7780-7800. High made today was 7777, as nifty reacted from demand zone, Nifty has risen 767 points in March series and formed a hammer pattern on Quarterly chart, As seen in below chart nifty has corrected for 4 quarters… Read More »
As discussed in last analysis 16200-16229 is important supply zone for bank nifty, closing above it we can see move towards 16800 on/before RBI policy. Support will increase to 15700-15750 range. Bank Nifty unable to close above the supply zone, and also took resistance at the gann horizontal as shown below. Bank Nifty has rallied… Read More »
With the advent of New Financial Year 2016-17 from 1 April 2017 we all should make resolution for improving our trading results for coming Financial year. Trader should DARE the Mr Market for 2016-17. Let me explain it in more details: Discipline Analyze Risk Education Discipline Every time we begin our trading sessions, we need… Read More »
Cipla Intraday Traders can use the below mentioned levels Buy above 515 Tgt 518,522 and 526 SL 512 Sell below 509 Tgt 505 ,500 and 496 SL 512 Dish TV Intraday Traders can use the below mentioned levels Buy above 85 Tgt 85.4,86.3 and 87.2 SL 84.4 Sell below 83.8 Tgt 83,82 and… Read More »
FII’s bought 7.8 K contract of Index Future worth 394 cores ,27.6 K Long contract were added by FII’s and 19.7 K short contracts were added by FII’s. Net Open Interest increased by 47.4 K contract, so rise in Nifty market was used by FII’s to enter long and enter shorts in Index futures.Which type of… Read More »
As discussed in last analysis The range is important as its falling in gann 1 arc and near gann trendline as shown in below chart, so break of 15500 or 15800 will give another 250-300 point move.Nifty made low of 15762 and opened above the gann arc, and once 15800 was broken gave the 300… Read More »
Greedy Traders: They trade too big and risk too much because their only goal is the easy money. They usually end up blowing up their account. New Traders: They have no idea how the markets work so their only goal should be knowledge. New Traders do well to stay students until they have done their homework. Rushing… Read More »
KSCL Intraday Traders can use the below mentioned levels Buy above 380 Tgt 383,388 and 394 SL 377 Sell below 376 Tgt 373,368 and 363 SL 379 Auro Pharma Intraday Traders can use the below mentioned levels Buy above 738 Tgt 744,752 and 762 SL 730 Sell below 728 Tgt 720,714 and 700 SL 735… Read More »
FII’s bought 3.9 K contract of Index Future worth 207 cores ,30.3 K Long contract were added by FII’s and 26.3 K short contracts were added by FII’s. Net Open Interest increased by 56.6 K contract, so fall in Nifty market was used by FII’s to enter long and enter shorts in Index futures.Traders Success Model… Read More »
As discussed in last analysis Now support is again in range of 15500-15381 and resistance above 15830. Low made today was 15580 and High 15774, so trading in the range. The range is important as its falling in gann 1 arc and near gann trendline as shown in below chart, so break of 15500 or… Read More »