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 »
FII’s bought 22.5 K contract of Index Future worth 1328 cores ,17.4 K Long contract were added by FII’s and 5.1 K short contracts were liquidated by FII’s. Net Open Interest increased by 12.3 K contract, so rise in Nifty market was used by FII’s to enter long and exit shorts in Index futures.Why Retail Traders… 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 16386 and low of 16160. Till 16000 is held we can move towards 16500/16700. Why Retail Traders lose money in Stock market Bank Nifty April Future Open Interest Volume is at… Read More »
As discussed in last analysis we had a 3 straight rising day so price will now move and touch the upper gann arc which comes in range of 16600-16700, Bulls should book some profit in range of 16650-16700 in coming week. Support is at 16000. Low made was 16011 and high made 16330. Till 16000 is… Read More »
As discussed in last analysis Till 15700 is held move towards 16100-16130 is very much possible, bearish only on close below 15500. Bank Nifty touched the gann arc on 11 April where we have gann time analysis also suggesting big move possible and we had a 3 straight rising day so price will now move… Read More »