As discussed in last analysis 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. Low made today was… Read More »
FII’s sold 16.2 K contract of Index Future worth 984 cores ,14.2 K Long contract were liquidated by FII’s and 1.9 K short contracts were added by FII’s. Net Open Interest decreased by 12.2 K contract, so fall in market was used by FII’s to exit long and enter shorts in Index futures. How Priming can… Read More »
As discussed in last analysis 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. Low made today was… Read More »
FII’s sold 23.6 K contract of Index Future worth 1340 cores ,16.1 K Long contract were liquidated by FII’s and 7.5 K short contracts were added by FII’s. Net Open Interest decreased by 8.5 K contract, so fall in market was used by FII’s to exit long and enter shorts in Index futures. Qualities professional trade… Read More »
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 »