As discussed in last analysis As Bulls closed above 17670 and gann arc suggesting we can see next move till 18000 and bears will get active only on close below 17500 as shown in below gann chart. High made today was 18000 at gann arc , so Bank Nifty did the target once we close… Read More »
IDBI Positional Traders can use the below mentioned levels Close above 65 Tgt 67/70 Intraday Traders can use the below mentioned levels Buy above 65 Tgt 65.6,66.4 and 67.3 SL 64.5 Sell below 63.7 Tgt 63,62.3 and 61 SL 64.2 ICICI BANK Positional Traders can use the below mentioned levels Close above 246 Tgt 254… Read More »
FII’s bought 8.5 K contract of Index Future worth 516 cores ,5.7 K Long contract were added by FII’s and 2.8 K short contracts were liquidated by FII’s. Net Open Interest increased by 2.8 K contract, so fall in market was used by FII’s to enter long and exit shorts in Index futures.Mental Toughness Required by… Read More »
Welplace Portfolio Many of the readers were asking about few small cap stocks after the circuit limit increase last week. I found this small cap Welplace Portfolio BSE Listed during my weekend study which has been consolidating for past few days in a small range and volumes has been increasing from past few session. Based… Read More »
Overview On balance volume (OBV) is a momentum indicator, the calculation of which relates volume to price change. OBV was developed by Joe Granville. .OBV provides a running total of volume and shows whether this volume is flowing in or out of a given security. OBV attempts to detect when a financial instrument (stock, bond,… Read More »
As discussed in last analysis Next move will only happen on close above 17700 for move towards 18000. Bearish on close below 17000. Range of 17500-17650 is important supply zone. High made today was 17596 at gann arc ,bounced from 17350. Bulls need a close above 17670 for next move till 18000 and bears will get… Read More »
FII’s sold 4.6 K contract of Index Future worth 286 cores ,149 Long contract were added by FII’s and 4.7 K short contracts were liquidated by FII’s. Net Open Interest increased by 4.9 K contract, so fall in market was used by FII’s to enter long and enter shorts in Index futures.How to improve on trading… Read More »
As discussed in last analysis Next move will only happen on close above 17700 for move towards 18000. Bearish on close below 17000. Range of 17500-17650 is important supply zone. High made today was 17670 at gann arc ,corrected all the way till 17392. Bulls need a close above 17670 for next move till 18000 and… Read More »
FII’s bought 9.8 K contract of Index Future worth 598 cores ,1.3 K Long contract were added by FII’s and 8.4 K short contracts were liquidated by FII’s. Net Open Interest decreased by 7 K contract, so fall in market was used by FII’s to enter long and exit shorts in Index futures.Trading Wisdom by George… Read More »
As discussed in last analysis Next move will only happen on close above 17700 for move towards 18000. Bearish on close below 17000. Range of 17500-17650 is important supply zone. High made today was 17648 at gann arc ,corrected all the way till 17462. Bulls need a close above 17670 for next move till 18000 and… Read More »