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 »
As discussed in Last Analysis Bullish only above 21600 for a move till 21750/21900. Below 21350 if we break we can see fast move towards 21150/21000. High made today was 21614 and Low made was 21386 so bank nifty moved above 21600 so bank nifty moved above 21600 but did not sustain over it, so… Read More »
FII’s sold 3.3 K contract of Index Future worth 239 cores ,517 Long contract were liquidated by FII’s and 2.8 K Short contracts were added by FII’s. Net Open Interest increased by 2.2 K contract, so rise in market was used by FII’s to exit long and enter short in Index futures. TIMELESS STOCK TRADING RULES of… Read More »
As discussed in Last Analysis Bank Nifty opened above 21600 but as soon as 21600 was broken in 1 hour of trading fall started and low made was 21470 near our target of 21480. Till be trade below 21600 we can see a move towards 21350 which is important level both as per gann price… Read More »
As discussed in Last Analysis Bank Nifty did the high of 21947 and did the 2 target of 21920, but saw the correction by the end of the day to close below 21700. Now bulls need to hold on to 21600 for a move towards 21900/22111. Importance of Profit booking and trailing sl. Bearish below… Read More »
As discussed in Last Analysis Low made today was 21576 so bulls again held on to gann angle as shown in below chart suggesting game is on for the move towards 21800/21920/22111. Bearish below 21520 for a move towards 21400/21250. Bank Nifty did the high of 21947 and did the 2 target of 21920,… Read More »