We expected a move of 400-500 points above 15452, Bank Nifty did 300 points move High made was 15704, Bank Nifty opened above the gann resistance line but was unable to sustain above it, but closed above the gann arc as shown below suggesting bulls are still in control. Close above 15555 is required for… Read More »
FII’s bought 10.7 K contract of Index Future worth 591 cores ,7.1 K Long contract were added by FII’s and 3.6 K short contracts were liquidated by FII’s. Net Open Interest increased by 3.4 K contract, so fall in Nifty market was used by FII’s to enter long and exit shorts in Index futures.How to fight… Read More »
Emotions have no place in trading, especially for day traders as their holding period is for few hours only. Most of traders are searching for Magic Indicator or Holy Grail which will lead the desired results and will never cause any loss to them. But in Reality No matter what technical indicator or stock trading… Read More »
REC Positional/Swing Traders can use the below mentioned levels Close above 166 Tgt 178 Intraday Traders can use the below mentioned levels Buy above 168.8 Tgt 172,174 and 176 SL 167 Sell below 165 Tgt 162,160 and 158.5 SL 166.5 JSW Energy Positional/Swing Traders can use the below mentioned levels Close above 69 Tgt… Read More »
FII’s sold 2.4 K contract of Index Future worth 114 cores ,10.9 K Long contract were added by FII’s and 13.3 K short contracts were added by FII’s. Net Open Interest increased by 24.3 K contract, so fall in Nifty market was used by FII’s to enter long and enter shorts in Index futures. How “Not… Read More »
Bank Nifty made High of 15489 and low of 15178, so again close above 15136 and able to cross resistance zone of 15440 and also important gann resistance of 15452, So tomorrow we need to see if we close above 15452 and show a follow upmove towards 15555 near gann resistance line and close above… Read More »
Someone Rightly said “Those of us who don’t learn from mistakes are destined to repeat them.” What has happened to Markets in Jan/Feb -2016 was the reminiscent of May 2006. Most of traders had no clue such a big fall can come. The 11 Most Common Mistakes of a Trader are 1. Not Having a… Read More »
Lupin Positional/Swing Traders can use the below mentioned levels Close below 1700 Tgt 1674/1652/1631 Intraday Traders can use the below mentioned levels Buy above 1746 Tgt 1775,1800 and 1828 SL 1736 Sell below 1686 Tgt 1662,1631 and 1610 SL 1698 NCC Positional/Swing Traders can use the below mentioned levels Close above 70 Tgt… Read More »
FII’s bought 10.1 K contract of Index Future worth 553 cores ,2.7 K Long contract were added by FII’s and 7.3 K short contracts were liquidated by FII’s. Net Open Interest decreased by 4.6 K contract, so fall in Nifty market was used by FII’s to enter long and exit shorts in Index futures. How Long… Read More »
As discussed in Last Analysis Bank Nifty has been closing above 15136 from past 6 days, 7 is a gann number so expect trending move in next 2 trading days. Support has increased in range of 14900-15000. Resistance in range of 15400-15440. Bank Nifty made High of 15386 and low of 15268, so again close… Read More »