The Japanese began using technical analysis to trade rice in the 17th century. While this early version of technical analysis was different from the US version initiated by Charles Dow around 1900, many of the guiding principles were very similar: The “what” (price action) is more important than the “why” (news, earnings, and so on).… Read More »
FII’s bought 12.3 K contract of Index Future worth 739 cores ,7.8 K Long contract were added by FII’s and 4.5 K short contracts were liquidated by FII’s. Net Open Interest increased by 3.3 K contract, so rise in Nifty market was used by FII’s to enter long and exit shorts in Index futures.Whats your trading… Read More »
As discussed in last analysis Bank Nifty updated butterfly pattern is shown below, PRZ zone comes in range of 16000-16080, where we are also seeing shark pattern completion also shown below, so range of 16000-16080 is very very crucial till expiry. As seen in below chart, Bank nifty is also near the channel resistance which… Read More »
To be a successful trader you need to find a “Trading Style” which suits you “THE BEST” , in terms of risk appetite, stress,money management. A trader who is not comfortable with his trading style or has not found trading style are the one who commits the trading sins and blow of their trading account.… Read More »
The Arms Index (also known as TRIN, an acronym for TRading INdex) was developed in 1967 by Richard Arms. It is a volume-based indicator that determines market strength and breadth by analyzing the relationship between advancing and declining issues and their respective volume. The Arms index is used to measure intraday market supply and demand,… Read More »
Auspicious red.Sun kissed gold.Soothing silver.Pretty purple.Blissful blue.Forever green.I wish u N all family members the most colorful holi to all Blog Readers. Holi is a Sanskrit word which is also known as Spring Festival and sometimes, also referred to as the Festival of Love. Messages Of Love, Celebration And Harmony 1. Evil May Seem… Read More »
FII’s bought 2.8 K contract of Index Future worth 200 cores ,4.9 K Long contract were added by FII’s and 2.1 K short contracts were added by FII’s. Net Open Interest increased by 7 K contract, so rise in Nifty market was used by FII’s to enter long and enter shorts in Index futures.Are You Emotional… Read More »
We expected a move of 400-500 points above 15452, Bank Nifty did 300 points move High made was 15704, Bank Nifty opened above the gann resistance line but was unable to sustain above it, but closed above the gann arc as shown below suggesting bulls are still in control. Close above 15555 is required for… Read More »
FII’s bought 10.1 K contract of Index Future worth 553 cores ,2.7 K Long contract were added by FII’s and 7.3 K short contracts were liquidated by FII’s. Net Open Interest decreased by 4.6 K contract, so fall in Nifty market was used by FII’s to enter long and exit shorts in Index futures. How Long… Read More »
As discussed in Last Analysis Bank Nifty has been closing above 15136 from past 6 days, 7 is a gann number so expect trending move in next 2 trading days. Support has increased in range of 14900-15000. Resistance in range of 15400-15440. Bank Nifty made High of 15386 and low of 15268, so again close… Read More »