As discussed in Last Analysis Bank Nifty high made today was 20727 exactly near our 1 target of 20721. Now bulls need a close above 20750 for a move towards 20905/21200. Bearish only close below 20400 for a move towards 20200/20000. Bank Nifty traded in narrow range today and unable to break 20750 on upside… Read More »
By: Monica Hendrix In the late eighties I was reading the excellent book “Market Wizards” by Jack Shwager and was fascinated by a story of how ordinary people were taught to trade in just 14 days and went on to make hundreds of millions of dollars. How was it possible? Let’s take a look… Read More »
Tata Elxsi Positional Traders can use the below mentioned levels Close below 1453 Target 1400/1370 Intraday Traders can use the below mentioned levels Buy above 1474 Tgt 1490, 1515 and 1530 SL 1467 Sell below 1463 Tgt 1450,1432 and 1410 SL 1470 AB Nuvo Positional Traders can use the below mentioned levels Close above 1470 … Read More »
FII’s sold 5 K contract of Index Future worth 326 cores , 1.3 K Long contract were liquidated by FII’s and 3.7 K short contracts were added by FII’s. Net Open Interest increased by 2.4 K contract, so rise in market was used by FII’s to exit long and enter short in Index futures. Key to… Read More »
As discussed in Last Analysis If 20500 is held we can see again upmove towards 20750/20800. Weekly close was very dicey as Bulls were not able to close above 20500 and bears below 20450, Bank Nifty is forming a bullish ABCD pattern as shown below so if low of 20420 is held we can see… Read More »
PNB Positional Traders can use the below mentioned levels Close above 141 Target 144/147/152 Intraday Traders can use the below mentioned levels Buy above 140.4 Tgt 141, 142 and 143.1 SL 140 Sell below 139.4 Tgt 138.5,137 and 136.2 SL 140 REL INFRA Positional Traders can use the below mentioned levels Close above… Read More »
Last Week we gave Chopad Level 20920 Bank Nifty gave Short Entry on Thursday as High made was 20905 did almost 2 target on downside, Low made was 20423. Lets analyze how to trade Bank Nifty as we approach the crucial week before the election results will be declared on 11 March. Bank Nifty Hourly… Read More »
Last Week we gave Chopad Levels of 8936, Nifty gave multiple entry in last week Long Entry on Monday which got stopped out shorts were rewarded and did 1 target on downside. Longs were triggered again on Wednesday which did 1 target by Thursday and Shorts triggered on Thursday did 1 target on downside. Lets… Read More »
FII’s sold 19.9 K contract of Index Future worth 1337 cores , 12.7 K Long contract were liquidated by FII’s and 7.1 K short contracts were added by FII’s. Net Open Interest increased by 5.5 K contract, so fall in market was used by FII’s to exit long and enter short in Index futures. Key to… Read More »
As discussed in Last Analysis Bank Nifty opened gap up above 20850 and as soon as 20750 was broken moved back towards the lower end of range at 20500 low made was 20517, near the gann support line as shown below, As we have weekly closing tomorrow bulls would try to protect 20500 and bears… Read More »