Photo by Allan Ajifo License, CC BY 2.0 In the world of commodity trading, technical analysis (TA) is a polarizing concept; on the one hand, many traders denounce its value and efficacy while on the other, there are many staunch supporters. Common misconceptions about TA results from the traders’ training and experience: a trader only used… Read More »
As Discussed in Last Analysis As today was time cycle date high and low are important break of any side can see fast move of 300-400 points. Bank Nifty bulls need to move above 25100 for a move towards 25325/25510.Bearish below 25000 for a quick move towards 24900/24750/24510. Bank Nifty bulls again got stopped out on… Read More »
SUN TV Positional Traders can use the below mentioned levels Close below 885 Target 843 Intraday Traders can use the below mentioned levels Buy above 892 Tgt 900,910 and 920 SL 887 Sell below 885 Tgt 879,872 and 863 SL 890 Reliance Capital Positional Traders can use the below mentioned levels Close… Read More »
As Discussed in Last Analysis We are also near gann angle support zone so holding 25100 and hourly close above 25250 can see fast up move. Below 25100 we can see fast down move towards 25000/24900/24760. Important intraday time for reversal can be at 11:26/12:55. Bank Nifty opened gap up but as soon as 25100… Read More »
Last Week we gave Chopad Level 25570 Bank Nifty gave multiple entry for both long and short as per Chopad Level in last week and did all 1 target on both upside and downside, So Average week for Chopad followers. Lets see how we trade nifty in coming week as we have confluence of time… Read More »
FII’s sold 1.1 K contract of Index Future worth 66 cores ,1.3 K Long contract were added by FII’s and 2.4 K Short contracts were added by FII’s. Net Open Interest increased by 3.7 K contract, so fall in market was used by FII’s to enter long and enter short in Index futures. FII’s Long to… Read More »
As Discussed in Last Analysis Bulls were able to protect 25250, Now as we have weekly close tommrow, Bulls need a close above 25510 for up move towards 25700. Bearish below 25250 for a move towards 24996/24750. Important time cycle turn dates are coming on 18-19 Feb. We saw the effect of time cycle dates saw… Read More »
FII’s bought 6.7 K contract of Index Future worth 536 cores ,2.5 K Long contract were added by FII’s and 4.1 K Short contracts were covered by FII’s. Net Open Interest decreased by 1.5 K contract, so rise in market was used by FII’s to enter long and exit short in Index futures. FII’s Long to… Read More »
As Discussed in Last Analysis Bank Nifty opened with a gap and as soon as 25600 was broken corrected all the way towards 25250 so good move captured. Bearish below 25250 for a move towards 24996/24750. Bullish above 25510 for a move towards 25700/25800. Bank Nifty bulls went above 25510 but failed to do target… Read More »
Repco Home Positional Traders can use the below mentioned levels Close above 603 Target 633 Intraday Traders can use the below mentioned levels Buy above 603 Tgt 609,615 and 621 SL 599 Sell below 597 Tgt 592,587 and 581 SL 601 Cipla Positional Traders can use the below mentioned levels Close above… Read More »