Bank Nifty is unable to close above the gann green arc and 16800 level, also unable to close below 16500 suggesting fight is on between bulls and bears, break of 16500 can see move towards 16350/16188 and break above 16800 can see fast move towards 17000. Qualities professional trade needs to develop Bank Nifty May… Read More »
Last Week we gave Chopad Level 16800 Bank Nifty gave Long entry on Tuesday which did 1 target on Monday Longs taken got Stopped out on Thursday and Shorts initiated on Thursday did 2 target on downside low made was 16527 which was near our 2 target of 17500. Lets analyses how to trade Bank… Read More »
FII’s sold 5 K contract of Index Future worth 268 cores ,1.1 K Long contract were liquidated by FII’s and 3.8 K short contracts were added by FII’s. Net Open Interest increased by 2.7 K contract, so fall in market was used by FII’s to exit long and enter shorts in Index futures.Are You a Carrot,… Read More »
As discussed in last analysis High made today was 17023 bank nifty unable to scale above the supply zone level of 17067 and also the gann resistance line and bears got active below 16800 and saw the decline till 200 DMA, Break of 16700 can again see a quick fall till 16500, Bank Nifty made… Read More »
FII’s bought 1.7 K contract of Index Future worth 103 cores ,37.5 K Long contract were liquidated by FII’s and 55.6 K short contracts were liquidated by FII’s. Net Open Interest decreased by 93.1 K contract, so fall in market was used by FII’s to exit both long and shorts in Index futures. Patience Is A… Read More »
As discussed in last analysis Bulls need a close above 17100 which is supply zone and also gann resistance line as shown in below 2 chart, for next move till 17400, Strong support around 16800 zone, Bears will be active only on close below 16800 for a quick move till 16500 . High made today was… Read More »
FII’s bought 13.8 K contract of Index Future worth 843 cores ,26.6 K Long contract were added by FII’s and 12.8 K short contracts were added by FII’s. Net Open Interest increased by 39.4 K contract, so rise in market was used by FII’s to enter long and enter shorts in Index futures. Patience Is A… Read More »
Bank Nifty closed above 200 DMA for 2 day in a row, Bulls need a close above 17100 which is supply zone and also gann resistance line as shown in below 2 chart, for next move till 17400, Strong support around 16800 zone, Bears will be active only on close below 16800 for a quick… Read More »
As discussed in last analysis Now for coming week Only close above 16800 can fuel the expiry rally towards 17000, else any close below 16500 can see move towards 16350/16300. High made 17029 and low made 16572 so Bank Nifty broke 16800 and saw an impulsive rise towards 17000 as we have anticipated. Hope trades… Read More »
FII’s bought 0.04 K contract of Index Future worth 12 cores ,4.4 K Long contract were added by FII’s and 4.9 K short contracts were added by FII’s. Net Open Interest increased by 9.4 K contract, so fall in market was used by FII’s to enter long and enter shorts in Index futures. How to preserve… Read More »