FII’s sold 13.1 K contract of Index Future worth 769 cores ,8.9 K Long contract were liquidated by FII’s and 4.1 K short contracts were added by FII’s. Net Open Interest decreased by 4.7 K contract, so fall in Nifty market was used by FII’s to exit long and enter shorts in Index futures.The Confident Trader… Read More »
As discussed in Last Analysis We are at a very crucial junction for next 2 days, as we are near supply zone of 15700 and also near gann arc, Holding the same we will again bounce towards 16000/16300, break of same we will be going back towards 15300. Bank Nifty today closed below the demand… Read More »
FII’s sold 22.2 K contract of Index Future worth 1224 cores ,13.6 K Long contract were liquidated by FII’s and 8.5 K short contracts were added by FII’s. Net Open Interest decreased by 5 K contract, so fall in Nifty market was used by FII’s to exit long and enter shorts in Index futures.Are you Victim… Read More »
FII’s bought 1.4 K contract of Index Future worth 97 cores ,5.9 K Long contract were added by FII’s and 4.5 K short contracts were added by FII’s. Net Open Interest increased by 10.4 K contract, so rise in Nifty market was used by FII’s to enter long and enter shorts in Index futures.Are you Victim… Read More »
Rel Infra Positional/Swing Traders can use the below mentioned levels Close above 556 Tgt 576/589 Intraday Traders can use the below mentioned levels Buy above 558 Tgt 565,570 and 575 SL 555 Sell below 552 Tgt 548,544 and 539 SL 556 LT Positional/Swing Traders can use the below mentioned levels Close above 1242 Tgt 1280/1310… Read More »
Last Week we gave Chopad Level 15710 Bank Nifty gave Long Entry on Wednesday and did 1 target on upside , Lets analyze how to trade Bank Nifty in coming Week. Bank Nifty Hourly As discussed last week Bank Nifty held on to channel and above 21/34 ema, continuing bullish trend, Now close above… Read More »
In Continuation with Previous Article Trade using TRIN Overbought and Oversold As shown in above chart,For the S&P 500 Index between Feb 2015 and July 2015, a reading of 2.0 or higher typically indicated a short-term bottom was close at hand, and the price was due for at least a bit of upside movement. Traders… Read More »
As discussed in Last Analysis Support is again at 7550 and resistance in range of 7780-7800. High made today was 7777, as nifty reacted from demand zone, Nifty has risen 767 points in March series and formed a hammer pattern on Quarterly chart, As seen in below chart nifty has corrected for 4 quarters… Read More »
As discussed in last analysis 16200-16229 is important supply zone for bank nifty, closing above it we can see move towards 16800 on/before RBI policy. Support will increase to 15700-15750 range. Bank Nifty unable to close above the supply zone, and also took resistance at the gann horizontal as shown below. Bank Nifty has rallied… Read More »
As discussed in last analysis The range is important as its falling in gann 1 arc and near gann trendline as shown in below chart, so break of 15500 or 15800 will give another 250-300 point move.Nifty made low of 15762 and opened above the gann arc, and once 15800 was broken gave the 300… Read More »