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 »
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 16767 and low made 16605 so trading in a range and doing time correction. How to preserve Mental Capital for Trading Bank Nifty… Read More »
Last Week we gave Chopad Level 16350 Bank Nifty gave Short Entry on Monday did 2 target on downside low made was 16011 which was near our 2 Target of 16000, again gave long entry on Wednesday as close was exactly at chopad levels of 16350 and did 1 target on upside by Thursday ,… Read More »
Last Week we gave Chopad Levels of 7921 , Nifty gave Short entry on Monday which did 1 target on Monday Low made was 7842 near our 1 target of 7850 also very crucial gann level. Longs taken got Stopped out on Wednesday. It was lowest range of Nifty in past many weeks, range was… Read More »
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 »
As discussed in last analysis As per gann arcs, Support is in range of 16400-16500 and resistance at 16800. Breakout above 16800 for a move towards 17000,Breakdown below 16500 for a move towards 16300-16250. High made 16755 and Low 16549, Now for coming week Only close above 16800 can fuel the expiry rally towards 17000,… Read More »
As discussed in last analysis Till 16000 is held bulls hope are alive for a move till 16500/16700 zone. Bank Nifty made high of 16770 but closed below 16700. As per gann arcs, Support is in range of 16400-16500 and resistance at 16800. Breakout above 16800 for a move towards 17000,Breakdown below 16500 for a… Read More »