As Discussed in Last Analysis Bank Nifty bears got whipsawed but bulls made a 25796 near our target of 25800 we saw good reversal on time cycle date of 13 Nov. Now Bulls need a close above 25800 for rally to sustain all the way till 26000/26300. Bearish below 25666 for a move back to… Read More »
FII’s sold 6.2 K contract of Index Future worth 111 cores ,3.9 K Long contract were covered by FII’s and 2.2 K Short contracts were added by FII’s. Net Open Interest decreased by 1.7 K contract, so rise in Nifty was used by FII’s to exit long and enter short in Index futures.FII’s Long to Short… Read More »
As Discussed in Last Analysis High made was 25907 near our target of 25920 Low made was 25488 near our target of 25488, now 13 Nov imp date so below 25488 we can continue fall towards 25344/25250. Bullish above 25650 for a move back to 25800/25920.Bank Nifty bears got whipsawed but bulls made a 25796… Read More »
FII’s bought 283 contract of Index Future worth 168 cores ,6.1 K Long contract were added by FII’s and 5.8 K Short contracts were added by FII’s. Net Open Interest increased by 12 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 Ratio… Read More »
As Discussed in Last Analysis Bank Nifty has been consolidating near gann angle and 13 Nov being an important time cycle date suggest we can see a good move as traders will return after Diwali Holidays. Bullish above 25800 for a move towards 25920/26059. Bearish below 25600 for a move back to 25488/25344/25250. High made was… Read More »
FII’s bought 7.1 K contract of Index Future worth 647 cores ,10.7 Long contract were added by FII’s and 1.9 K Short contracts were added by FII’s. Net Open Interest increased by 12.6 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 Ratio… Read More »
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 »