FII’s bought 10.6 K contract of Index Future worth 658 cores ,7.6 K Long contract were added by FII’s and 2.9 K short contracts were liquidated by FII’s. Net Open Interest increased by 4.7 K contract, so rise in market was used by FII’s to enter long and exit shorts in Index futures. Why Traders are… Read More »
As discussed in last analysis Price has been near gann angles from past few days sugesting trending move is round the corner, Bulls will get active above 18400 for target of 18700/19000 and bears below 18200 for a move towards 18000/17910. Bank Nifty gave a trending move as we expected again Gann Analysis gives an… Read More »
FII’s bought 10.1 K contract of Index Future worth 615 cores ,10.7 K Long contract were added by FII’s and 0.5 K short contracts were added by FII’s. Net Open Interest increased by 11.3 K contract, so rise in market was used by FII’s to enter long and enter shorts in Index futures. Why Traders are… Read More »
As discussed in last analysis Bank Nifty again took support at the gann angles as shown in below chart, Gann angles has provided support 3 times in past few days, Bulls should push the prices above 18400 for a move towards 18669/18800 else the support will be broken . High made today was 18427 so bulls… Read More »
HDFC Positional Traders can use the below mentioned levels Close above 1220 Target 1250/1270 Intraday Traders can use the below mentioned levels Buy above 1220 Tgt 1227, 1237 and 1245 SL 1215 Sell below 1208 Tgt 1202,1192 and 1180 SL 1212 Ibulls Housing Positional Traders can use the below mentioned levels Close above 684 Target… Read More »
As discussed in last analysis Now Bulls need a close above 18721 for a move towards 19000/19300. Bears will get active only on close below 18250 for a move towards 18000/17800. Bank Nifty was unable to move above 18721 and bears unable to close below 18250,in between choppy move will continue, Close above 18721 can… Read More »
As discussed in last analysis Now range of 18300-18250 is important as its gann number and also gann angle so holding this we can see relief rally till 18625/18800. Bearish below 18250 for a move towards 18000/17800 . Low made today was 18322 near the gann angle and high made was 18650 which was near… Read More »
–wrote Akash Prakash Very Nice Well Thought Article by Mr Akash Prakash What is clear is as follows: 1. Banks will benefit, as much of this ₹ 15 lakh crore in currency will get deposited. Even if only 10 % remains with the banks it means an incremental ₹ 1.5 lakh crore of current and… Read More »
As discussed in last analysis Holding the low of 19000 and close above 19140 on hourly basis bank nifty can stage rally towards 19360/19500/19650. Bearish only on close below 19000 for a move towards 18750/18500. Bank Nifty finally closed below 19000 but still trading near the gann angles as shown in below chart, Next Week… Read More »
As discussed in last analysis Bulls again failed to close above 20300 on weekly basis,but continue to hold our support at 19732. Bulls need to hold 19732-19650 range for another move towards 20000/20232. Bank Nifty was not able to hold 19732 and gave the fall. Today’s low of 19240-19200 is very important support zone as… Read More »