Last Week we gave Chopad Level 24270 Bank Nifty did give multiple Entry as per Chopad Level Monday Long which did 1 target on Upside,Wednesday short which gave 2 target on downside and Thursday which did all 3 targets on upside so multiple whipsaws which we saw last week were compensated and good money was… Read More »
FII’s bought11.1 K contract of Index Future worth 807 cores ,18.3 K Long contract were added by FII’s and 7.2 K Short contracts were added by FII’s. Net Open Interest increased by 25.6 K contract, so rise in market was used by FII’s to enter long and enter short in Index futures. FII’s Long to Short… Read More »
As discussed in Last Analysis Time Cycle effect was visible as after 11 Oct we saw a good trend reversal move, Now bulls need to move above 24400 for a move towards 24476/24545/24731. Bearish below 24300 for a move towards 24171/23984. We are up 800 points in 2 trading days showing the effect of time… Read More »
As discussed in Last Analysis Price move from 1 gann angle to another one as shown in below chart, Till 24000 is held we can again see bounce back towards 24270/24358/24476. Bearish below 24200 for a move till 24100/23963. Time Cycle again gave us caution signal as 11 Oct we saw the big move. Low made today… Read More »
As discussed in Last Analysis Finally we saw the breakout above 24270 and did the first target of 24358 on trend change date ,Now till 24270 is held we can move ahead till 24476/24600. Bearish below 24200 for a move till 24100/23963. Bank Nifty bulls continue to move higher failed to do target of 24476… Read More »
As discussed in Last Analysis Bank Nifty bulls were able to break the range on upside above 24270 but failed to close above it thus whipsawing traders. 10-11 Oct are important trend change dates so hopefully we can finally get a breakout/breakdown from this range. Bullish above 24270 for a move till 24358/24510/24700. Bearish below 23960… Read More »
As discussed in Last Analysis Low made was 24033 and high made was 24188 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 is stuck in gann arc/gann angle, so impulsive move round the corner, Time Cycle effect of… Read More »
As discussed in Last Analysis Range of 23963-24270 will be a dicey range to trade with, So breakout trades should long above 24270 for a move till 24358/24480/24750. Bearish below 23960 for a move till 23780/23510. 04 Oct is crucial trend change date as per time cycle. Low made was 24033 and high made was… Read More »
Key data releases for October 2017 October 3 AU: Reserve Bank of Australia’s (RBA) monetary policy decision will be keenly monitored. IN: Eight Infrastructure industries performance for August will be keenly tracked. October 4 IN: Reserve Bank of India’s (RBI) monetary policy will remain key. US: ADP employment change data for September will be keenly… Read More »
REC Positional Traders can use the below mentioned levels Close above 154 Target 163 Intraday Traders can use the below mentioned levels Buy above 152 Tgt 154, 156 and 159 SL 150 Sell below 148 Tgt 146.5,145 and 143 SL 149.3 KTK Bank Positional Traders can use the below mentioned levels Close above 141 … Read More »