As Discussed in Last Analysis High made was 25860 so we did our target of 25850 but failed to close above 25800 or below 25500. As we have holiday tomorrow so stick to same plan Bullish above 25800 for a move towards 25920/26059. Bearish below 25500 for a move back to 25250/25100. Bank Nifty has been… Read More »
Most of traders develop trading systems based on patterns we see in price action or in momentum or other indicators. But, what if we took “time” into account as well? When ever we talk of TIME, one person which come to our Mind is legendary W D Gann. But there are many other famous traders… Read More »
TREND LINES Technical analysis is built on the assumption that prices trend. Trend lines are an important tool in technical analysis for both trend identification and confirmation. A trend line is a straight line that connects two or more price points and then extends into the future to act as a line of support or… Read More »
As traders we have two general ways to engage financial markets. First, we can conduct intensive research on macroeconomic drivers, fundamental news releases, and key economic data and come to a conclusion concerning the future direction of a specific financial asset; then, once the research has been conducted and a decision has been made, we… Read More »
FII’s bought 6.9 K contract of Index Future worth 440 cores ,413 Long contract were covered by FII’s and 7.4 K Short contracts were covered by FII’s. Net Open Interest increased by 8.7 K contract, so fall in Nifty was used by FII’s to exit long and exit short in Index futures.FII’s Long to Short Ratio… Read More »
FII’s sold 5.7 K contract of Index Future worth 481 cores ,1.4 K Long contract were added by FII’s and 7.2 K Short contracts were added by FII’s. Net Open Interest increased by 8.7 K contract, so fall in Nifty was used by FII’s to enter long and enter short in Index futures.FII’s Long to Short… Read More »
FII’s bought 16.7 K contract of Index Future worth 1380 cores ,17.6 K Long contract were added by FII’s and 832 Short contracts were added by FII’s. Net Open Interest increased by 3.2 K contract, so rise in Nifty was used by FII’s to enter long and enter short in Index futures.FII’s Long to Short Ratio… Read More »
As Discussed in Last Analysis 25287 done till we are holding 25100 we can rally towards 25490/25698. Bearish below 25050 for a move back to 24920/24784/24656. All Bullish target done with price moving a perfectly from 1 gann angle to another gann angle and extended target on twitter also done. Bank Nifty Bulls now need… Read More »
MGL Positional Traders can use the below mentioned levels Close above 850 Target 864/881 Intraday Traders can use the below mentioned levels Buy above 850 Tgt 857 ,864 and 878 SL 843 Sell below 840 Tgt 833,824 and 816 SL 847 Canara Bank Positional Traders can use the… Read More »
FII’s sold 4.9 K contract of Index Future worth 263 cores ,9.1 K Long contract were covered by FII’s and 857 Short contracts were added by FII’s. Net Open Interest decreased by 3.2 K contract, so fall in Nifty was used by FII’s to exit long and enter short in Index futures.FII’s Long to Short… Read More »