As discussed in Last Analysis So we are in neutral zone now, As major trend change date of 22 Nov is coming so we can see another good move in market. Till 25612 is held bulls have upper hand and can push index towards 25770/25920/26020. Bearish below 25600 for a move towards 25500/25200. Low made… Read More »
As discussed in Last Analysis Another day of consolidation bank nifty forming gravestone doji and also double top both requiring a follow up move, We are heading towards important time cycle cluster of 07-08 Nov which will decide the next market move. Break of 25700 we can see fast move towards 25832-25850 where gann angle… Read More »
Last Week we gave Chopad Level 25000 Bank Nifty gave Short Entry as per Chopad Level Monday as High was 24995 and did 1 target on downside, Longs were triggered on 31 Oct before the big gap up we saw and did all 3 Targets on upside, so good week for Chopad followers. Lets see… Read More »
As discussed in Last Analysis Close above 25050 will be bullish for November month. Bullish above 25050 for next move towards 25200/25560/25920. Below 24928 bears have upper hand can push nifty towards 24600/24476/24000. Bank Nifty made another failed attempt to close above 25050 but bears also failed to break 24928, so we are in neutral zone… Read More »
As discussed in Last Analysis As per time analysis 27 Oct is another important trend change date for Bank nifty. As Bulls were unable to close above 25050,we had gap down opening and once below 24928 bears did the first target of 24840 near the gann angle support. Till we are below 24928 bears have upper… Read More »
Last Week we gave Chopad Level 24120 Bank Nifty gave Short Entry as per Chopad Level Monday but was stopped out, Longs were triggered on 24 Oct before the big gap up we saw due to bank recapitalization news and did all 3 Targets on upside, so good week for Chopad followers after Diwali. Lets… Read More »
As discussed in Last Analysis Now Bullish above 24120 for a move towards 24250/24476. Bearish bel0w 23900 for a move towards 23750/23600. Low made was 23912 so bank nifty bears unable to continue the downtrend as 23900 was not broken, Bulls also unable to close 24120, HDFC Bank which was 34% weightage in bank nifty… Read More »
As discussed in Last Analysis Low made was 24074 and high made was 24242 so the range of 23963-24270 is still maintained. Bullish above 24270 for a move till 24358/24510/24700. Bearish below 23960 for a fall till 23800/23650.Price again bounced from the lower end of gann angle but still unable to break the range. Trade… Read More »
Last Week we gave Chopad Level 24100 Bank Nifty did give multiple Entry as per Chopad Level Tuesday and Thursday and gave multiple whipsaws, So overall good BAD week for chopad followers. Lets see How to trade Bank Nifty in coming week, Hopefully to get range expansion on trend change date of 11 Oct … Read More »
Last Week we gave Chopad Level 24245 Bank Nifty did give Entry as per Chopad Level Monday and Wednesday Discipline Chopad Followers were rewarded handsomely as Bank Nifty did all 3 target on downside as confluence of time cycle coming in 25-26 Sep showed its effect, So overall good week for chopad followers. Lets see… Read More »