By Bloomberg News Chinese stock-index futures plunged by the daily limit before snapping back in less than a minute, the second sudden swing to rattle traders this month. Contracts on the CSI 300 Index dropped as much as 10 percent at 10:42 a.m. local time, recovering almost all of the losses in the same minute.… 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 17666 at gann arc ,corrected all the way till 17484. Bulls need a close above 17670 for next mvoe till 18000 and… Read More »
Last Week we gave Chopad Level 16650 Bank Nifty gave Short entry on Monday High made 16604 and did 1 target on downside and opened big gap up on Wednesday low made was 16599 just near our chopad levels and just zoomed up 700 points in 3 trading session Lets analyses how to trade Bank… Read More »
Last Week we gave Chopad Levels of 7777 , Nifty gave Short entry on Monday did not achieve the target and Nifty opened above 7777 and Long taken were rewarded handsomely doing all 3 target. Lets analyses how to trade nifty in coming week after 5% move in previous week. Market can consolidate for a… Read More »
FII’s bought 36.2 K contract of Index Future worth 2162 cores ,32.3 K Long contract were added by FII’s and 3.8 K short contracts were liquidated by FII’s. Net Open Interest increased by 28.5 K contract, so rise in market was used by FII’s to enter long and exit shorts in Index futures.The Wilma Rudolph Story… Read More »
As discussed in last analysis Now we need close above 17067 and gann Horizontal trendline for next move towards 17400, Support at 16792-16800. 17400 also done,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 The Wilma Rudolph Story Bank… Read More »
As discussed in last analysis Now we need close above 17067 and gann Horizontal trendline for next move towards 17400, Support at 16792-16800. High made today was 17424 Bank nifty showed an impulsive move above 17067 and did 17367 in matter of hours, this is what happens once we complete time correction. Now Bulls would… Read More »
FII’s bought 58.2 K contract of Index Future worth 3343 cores ,69.9 K Long contract were added by FII’s and 11.7 K short contracts were added by FII’s. Net Open Interest increased by 81.7 K contract, so rise in market was used by FII’s to enter long and enter shorts in Index futures.Trading Psychology Quotes that… Read More »
FII’s sold 6.6 K contract of Index Future worth 373 cores ,9.3 K Long contract were added by FII’s and 15.9 K short contracts were added by FII’s. Net Open Interest increased by 25.2 K contract, so rise in market was used by FII’s to enter long and enter shorts in Index futures.Ways to Improve Discipline… Read More »
As discussed in last analysis If we close below 16349 tomorrow we can fall till 16000 till expiry, Bullish only on close above 16431. Low made today was 16368 so 16350 was not broken and high made was 16501 and we closed above 16431, so bulls have upper hand now and above 16500 can take… Read More »