TREND LINES Technical analysis is built on the assumption that prices trend. Trend lines are an important tool in technical analysis for both trend identification and confirmation. A trend line is a straight line that connects two or more price points and then extends into the future to act as a line of support or… Read More »
HUL Positional Traders can use the below mentioned levels Close below 930 Tgt 898 Intraday Traders can use the below mentioned levels Buy above 938 Tgt 942,950 and 960 SL 933 Sell below 929 Tgt 925,917 and 912 SL 933 Tata ELXSI Positional Traders can use the below mentioned levels Close above 1686 Tgt 1741… Read More »
As discussing in past analysis Now the range of 18758-18898 is very crucial range where bulls should book profit. Bank Nifty made high of 18880, so once 18750 is crossed we saw a quick move towards 18898. Close above 18898 can see another quick move towards 18969/19103, traders should trail longs with strict stop loss… Read More »
FII’s bought 10.5 K contract of Index Future worth 673 cores ,10.3 K Long contract were added by FII’s and 273 short contracts were liquidated by FII’s. Net Open Interest increased by 10 K contract, so fall in market was used by FII’s to enter long and exit shorts in Index futures. How to Trade Successfully… Read More »
As discussing in past analysis Bank Nifty opened gap up above 18100 at 18250 suggesting bulls were in command, Now Bulls should above 18300 on closing basis for next move towards 18768/19000.Now the range of 18758-18898 is very crucial range where bulls should book profit. Bank Nifty made high of 18711 today and closed at 18618… Read More »
Canara Bank Positional Traders can use the below mentioned levels Unable to close above 240 Tgt 232/228 Intraday Traders can use the below mentioned levels Buy above 239 Tgt 241,242.8 and 245 SL 237.5 Sell below 237 Tgt 235,233 and 231 SL 238 Reliance Capital Positional Traders can use the below mentioned levels… Read More »
FII’s bought 18 K contract of Index Future worth 1148 cores ,17.2 K Long contract were added by FII’s and 737 short contracts were liquidated by FII’s. Net Open Interest increased by 16.5 K contract, so rise in market was used by FII’s to enter long and exit shorts in Index futures. What It Takes to… Read More »
As discussing in past analysis Bank Nifty opened gap up above 18100 at 18250 suggesting bulls were in command, Now Bulls should above 18300 on closing basis for next move towards 18768/19000. Bank Nifty made high of 18684. Now the range of 18758-18898 is very crucial range where bulls should book profit. Weekly close above 18768 can… Read More »
FII’s bought 17.4 K contract of Index Future worth 1126 cores ,19 K Long contract were added by FII’s and 1.6 K short contracts were added by FII’s. Net Open Interest increased by 20.7 K contract, so rise in market was used by FII’s to enter long and enter shorts in Index futures. How Long Does… Read More »
As discussing in past analysis We has 4 small days near gann horizontal line suggesting big move in round the corner. Also as per Supply demand analysis close below 17955 can see sharp decline towards 17800/17650.Bullish only on close above 18100 looking at current price action, Bearish below 17400 in between will be range bound move.… Read More »