As discussed in Last Analysis Now we are at crucial juncture as range of 20500-20600 is very crucial closing above it we are heading towards 21000, Unable to do so dip towards 20300/20150/20000. Bank Nifty made high of 20426 so was unable to breach the range of 20500-20600 and than corrected till 20281 doing our… Read More »
FII’s bought 3 K contract of Index Future worth 169 cores ,9.6 K Long contract were added by FII’s and 6.5 K short contracts were added by FII’s. Net Open Interest increased by 16.1 K contract, so rise in market was used by FII’s to enter long and enter long in Index futures.Calm Mind Lead to… Read More »
As discussed in Last Analysis Now as we closed near the gann arc so move above 20300 we are heading towards 20500. Bearish below 20000 for a move towards 19800/19500. Low made today was 20298 so Bulls as soon as they crossed 20300 were on front front and drove market towards 20500 high made was… Read More »
FII’s sold 3.9 K contract of Index Future worth 274 cores ,633 Long contract were added by FII’s and 4.6 K short contracts were added by FII’s. Net Open Interest increased by 5.2 K contract, so rise in market was used by FII’s to enter long and enter long in Index futures.Calm Mind Lead to Bigger… Read More »
FII’s sold 4.2 K contract of Index Future worth 258 cores ,6.5 K Long contract were added by FII’s and 10.8 K short contracts were added by FII’s. Net Open Interest decreased by 17.3 K contract, so rise in market was used by FII’s to enter long and enter long in Index futures. Common Excuses Made… Read More »
As discussed in Last Analysis Yesterday low was at gann arc was first indication of bank nifty heading higher and today when it trading above it during budget speech was a very big confirmation. Bank Nifty had a range of 615 points as we discussed, It did not break 19360 so bearish were on back… Read More »
FII’s bought 2.7 K contract of Index Future worth 119 cores ,11.2 K Long contract were added by FII’s and 8.5 K short contracts were added by FII’s. Net Open Interest decreased by 19.8 K contract, so rise in market was used by FII’s to enter long and enter long in Index futures. Common Excuses Made… Read More »
As discussed in Last Analysis Bulls need close above 19800 for move towards 20200/20500. Bears below 19360 for move towards 19140/18920. High made was 19624 and low was 19435 so bank nifty continued to trade in range also made low near the green arc as shown in below chart. As we have budget today expect… Read More »
FII’s sold 4.3 K contract of Index Future worth 320 cores ,6.6 K Long contract were liquidated by FII’s and 492 short contracts were added by FII’s. Net Open Interest decreased by 8.9 K contract, so fall in market was used by FII’s to exit long and enter long in Index futures. Common Excuses Made By… Read More »
As discussed in Last Analysis Bulls need close above 19800 for move towards 20200/20500. Bears below 19360 for move towards 19140/18920. High made was 19624 and low was 19435 so bank nifty continued to trade in range also made low near the green arc as shown in below chart. As we have budget today expect… Read More »