FII’s sold 1.6 K contract of Index Future worth 154 cores ,4.6 K Long contract were added by FII’s and 6.2 K Short contracts were added by FII’s. Net Open Interest increased by 10.8 K contract, so rise in market was used by FII’s to enter long and enter short in Index futures. How to maintain… Read More »
As discussed in Last Analysis Bank Nifty opened gap up as it closed above 22700 yesterday but did not gave the big move we were expecting as high made was 22860 still not near our target of 22940/23110. Bulls are in control till we trade above 22700, bears below 22500 only. Bank Nifty made high… Read More »
As discussed in Last Analysis Holding 22700 bulls are in control for a move till 22940/23104. Bearish below 22500 for a move towards 22350/22115.Big move can be seen in next 1-2 days based on time cycle analysis. Bank Nifty opened gap up as it closed above 22700 yesterday but did not gave the big move we… Read More »
As discussed in Last Analysis Bulls failed to close above 22700, Bearish below 22500 for a move towards 22350/22115. Bullish above 22700 for a move towards 22940/23000. Bank Nifty again bounced back from the 22500 which was both gann angle and gann price support zone, High made today was 22835 so as soon as we… Read More »
Last Week we gave Chopad Level 22400 Bank Nifty gave short entry on Tuesday@22400 made low of 22240 missed our 1 target of 22220 by 20 points, Bank Nifty opened gap up on Thursday gave long entry and rallied till 22850 in process doing 1 target on upside but failed to reach the 2 target… Read More »
As discussed in Last Analysis Holding 22700 we can see up move towards 22940/23330. Bearish below 22500 for a move towards 22350/22200. Bank Nifty again opened with gap made high of 22853 and corrected all the way till 22514, holding 22500 gann angle support as shown below. Bulls failed to close above 22700, Bearish below 22500… Read More »
As discussed in Last Analysis So bank nifty continue to trade in the range we discussed 22180-22500, trend trades sit on sidelines till range in broken, scalpers buy low sell high till range in broken. Bank Nifty opened with gap up 22618 but came down to touch the breakout zone made low of 22450 and… Read More »
As discussed in Last Analysis As discussed 22547-559 range which is gann resistance level as per below charts, needs to be crossed for a fast rise towards 22800/22900 range. Bearish only on close below 22180. So bank nifty can keep playing the range of 22180-22500 before a move of another 300-400 points. High made today… Read More »
As discussed in Last Analysis Any close above 22400 will be bullish for next move towards 22800/23200 with minor resistance at 22547. High made today was 22383 so bank nifty facing lot of challenge in crossing our level of 22380, once bulls are able to cross 22383 we can see quick move towards 22547/22559. Range of 22547/22559 is… Read More »
Last Week we gave Chopad Level 21580 Bank Nifty made low of 21578 gave Long entry and did all 3 target on upside by Tuesday thus thus rewarding disciplined Chopad Traders. Lets see how to trade in coming week as we approach the crucial trading month MAY. Bank Nifty Hourly As discussed in last… Read More »