FII’s sold 7.4 K contract of Index Future worth 533 cores ,1.4 K Long contract were liquidated by FII’s and 6 K Short contracts were added by FII’s. Net Open Interest increased by 4.5 K contract, so rise in market was used by FII’s to exit long and enter short in Index futures. FII’s Long to… Read More »
As discussed in Last Analysis Bulls will be breakout above 23254 for a move towards 23460/23630. Bearish below 23100 for a move 22900/22620. Low made today was 23144 so bulls protected gann angle again and closed above the breakout level of 23254. Bulls should target now 23460/23630 till we are holding the gann angle and… Read More »
Its been a roller coaster rise from past few trading session and many traders asked me “Can money be made in trading ?” Let me try to answer the same. Trading is always a high return high risk game and it needs nimble trading approach with tons of discipline. Traders say its the Big traders… Read More »
FII’s sold 9.2 K contract of Index Future worth 551 cores ,4.2 K Long contract were added by FII’s and 13.4 K Short contracts were added by FII’s. Net Open Interest increased by 17.7 K contract, so rise 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 Bank Nifty moved between the gann angles as shown in below chart, Breakout/breakdown will come when we either break 23100 on downside for a move towards 22900/22600. Breakout above 23476 for a move above 23630/23876. Bank Nifty broke 23100 made low of 22996 failed to do our target of 22900,recovered… Read More »
As discussed in last analysis Low made was 9474 so bulls were able to protect 9478 on downside High made was 9522 so bears did not let bull cross 9525 so we traded in a small range before June expiry,Bulls will get active above 9525 for a move towards 9565/9610. Bearish below 9470 for a… Read More »
As discussed in Last Analysis Bank Nifty made low of 23114 and high of 23322 so both bulls and bears got whipsawed after yesterday fall, as we approach expiry. Bullish above 23350 for a move towards 23600/23900. Bearish below 23100 for a move towards 22900/22600. Bank Nifty moved between the gann angles as shown in… Read More »
IDEA Intraday Traders can use the below mentioned levels Buy above 84 Tgt 84.7, 85.8 and 86.9 SL 83 Sell below 82.5 Tgt 81.5,79.4 and 78.3 SL 83.4 Bank Baroda Intraday Traders can use the below mentioned levels Buy above 156.5 Tgt 157.3, 158.9 and 161.3 SL 155.5 Sell below 154.4… Read More »
As discussed in Last Analysis We were expecting prices to bounce back but as soon as 23507 was taken out bears were on full swing and effect of price and time squaring was seen as shown in below chart. Thats the beauty of price time squaring you get impulsive move. Bears are in front foot… Read More »
HOW TO TRADE USING CHANNELS Channels are another important technical analysis tool used by traders to determine profitable trade set ups on both short and long sides. Channels give precise entry,exit,stop loss and profit booking levels. What is a Channel A channel is the combination of an existing trendline and a new, parallel trendline… Read More »