FII’s bought 14 K contract of Index Future worth 803 cores ,15.5 K Long contract were added by FII’s and 1.5 K short contracts were added by FII’s. Net Open Interest increased by 17 K contract, so DOJI formed today in Nifty market was used by FII’s to enter majority long and enter shorts in Index… Read More »
As discussed in last analysis Till we close above 15136 Bank Nifty can move towards 15565 which is supply zone and gann trend line resistance, Strong support at bottom of gann arc and 14700-14800 zone. Bank Nifty made low of 15066 but again managed to close above 15136 just near the gann arc. Support has increased… Read More »
Sharing Few One Liners complied during course of time, I Keep near my trading desk, to keep myself on Track. Let winners run. While momentum is in phase, the market can run much further than might be expected. Do not exit winners without reason! Be quick to admit when wrong and get out of… Read More »
KSCL Positional/Swing Traders can use the below mentioned levels Close above 393 Tgt 398/411 Intraday Traders can use the below mentioned levels Buy above 393 Tgt 396,400 and 406 SL 390 Sell below 388 Tgt 385,380 and 375 SL 391 IRB Positional/Swing Traders can use the below mentioned levels Unable to close above 233… Read More »
Last Week we gave Chopad Level 13930 Bank Nifty Long initiated above chopad levels on Monday did all 4 target by Wednesday .Lets analyze how to trade Bank Nifty in coming Week. WIshi Bank Nifty Hourly As discussed last week Hourly close above the 34 EMA and channel bottom can trigger rally for 14550-14700. Bearish… Read More »
Puranas contain many stories and legends describing the origin of this festival. According to one, during the samudra manthan, a pot of poison emerged from the ocean. This terrified the Gods and demons as the poison was capable of destroying the entire world, and they ran to Shiva for help. To protect the world from… Read More »
Last Week we gave Chopad Levels of 7246 , Nifty gave short entry on Monday and did all 3 targets on downside by Tuesday Budget day panic low and gave long entry on Budget Day @ 7058 and did all 4 target on upside rewarding discipline chopad followers by 500 points. Low made of 6825… Read More »
In Continuation of Previous Post Interpretation The most popular method of interpreting a moving average is to compare the relationship between a moving average of the security’s price with the security’s price itself. A buy signal is generated when the security’s price rises above its moving average and a sell signal is generated when the… Read More »
FII’s bought 2 K contract of Index Future worth 147 cores ,9.3 K Long contract were added by FII’s and 7.3 K short contracts were added by FII’s. Net Open Interest increased by 16.7 K contract, so rally in market was used by FII’s to enter long and enter shorts in Index futures. A story that… Read More »
As discussed in last analysis Finally we closed above 15136 so follow up move should be see till 15136 is held on closing basis. Do remember overbought market can remain overbought for prolonged period of time, Just market is overbought does not mean go and short it. Bank Nifty gave a fall at opening formed double… Read More »