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 »
As discussed in Last Analysis High made today was 22380 near our target of 22374. So Bank Nifty continue with its uptrend, Now bulls need close above 22380 for a quick move towards 22547 and 22800. Support is in range of 21950-22000 below which we can see quick fall towards 21800/21500. Any close above 22400 will… Read More »
As discussed in Last Analysis Bank Nifty continue to hold 22000 and made high of 22276. Levels to watch on upside as per gann analysis 22374/22547. Good Support in range of 21800-21830, till this level is held bullish bias continue. High made today was 22380 near our target of 22374. So Bank Nifty continue with… Read More »
As discussed in Last Analysis Bank nifty opened with gap up moved above the gann angle and now is heading towards 1 gann resistance of 22136 and above that 22325. Its been 1 way ride above 21600 and we are up 600 points in 2 trading session. Now strong support in range of 21850-884. Below… Read More »
As discussed in Last Analysis Now break above 21900 can see quick move towards 22000/22136. Bearish below 21500 for a move towards 21350. Bank nifty opened with gap up moved above the gann angle and now is heading towards 1 gann resistance of 22136 and above that 22325. Its been 1 way ride above 21600… Read More »
As discussed in Last Analysis We are in netural zone till we break the range of 21350-21600 suggesting both bulls and bears are on sidelines, Breakout of this range can give fast move of 250-300 points. Buy above 21600 for a move towards 21800-21850, Breakdown below 21350 for a move towards 21150-21100. As soon as… Read More »
Last Week we gave Chopad Level 21620 Bank Nifty gave Long entry and did 1 target on upside and made high of 21947 missing the 2 target of 22000. Shorts were initiated on Wednesday which did 1 target on downside and missed 2 target of 21350 as low made was 21390. Lets see how to… Read More »
FII’s sold 18.2 K contract of Index Future worth 1238 cores ,13.9 K Long contract were liquidated by FII’s and 4.3 K Short contracts were added by FII’s. Net Open Interest decreased by 11.9 K contract, so fall in market was used by FII’s to exit long and enter short in Index futures. Becoming a Forgiving Person:… Read More »