Bank Nifty made low of 15098 but again managed to close above 15136 just near the gann horizontal gann line, which had been proving resistance in past,closing above the same can see another move towards 15555 . Support has increased in range of 14900-15000. Resistance in range of 15400-15440. Critical Skills for Trading in Stock… Read More »
As discussed in last analysis Till we close above 15136 Bank Nifty can move towards 15565 which is supply zone and gann trend line resistance, Strong support at bottom of gann arc and 14700-14800 zone. Bank Nifty made low of 14989 but again managed to close above 15136 just near the gann horizontal gann line, which… Read More »
FII’s bought 2.3 K contract of Index Future worth 154 cores ,8.6 K Long contract were added by FII’s and 6.3 K short contracts were added by FII’s. Net Open Interest increased by 15 K contract, so rally today in Nifty market was used by FII’s to enter majority long and enter shorts in Index futures.… Read More »
FII’s bought 14 K contract of Index Future worth 803 cores ,15.5 K Long contract were added by FII’s and 1.5 K short contracts were added by FII’s. Net Open Interest increased by 17 K contract, so DOJI formed today in Nifty market was used by FII’s to enter majority long and enter shorts in Index… Read More »
As discussed in last analysis Till we close above 15136 Bank Nifty can move towards 15565 which is supply zone and gann trend line resistance, Strong support at bottom of gann arc and 14700-14800 zone. Bank Nifty made low of 15066 but again managed to close above 15136 just near the gann arc. Support has increased… Read More »
Last Week we gave Chopad Level 13930 Bank Nifty Long initiated above chopad levels on Monday did all 4 target by Wednesday .Lets analyze how to trade Bank Nifty in coming Week. WIshi Bank Nifty Hourly As discussed last week Hourly close above the 34 EMA and channel bottom can trigger rally for 14550-14700. Bearish… Read More »
Puranas contain many stories and legends describing the origin of this festival. According to one, during the samudra manthan, a pot of poison emerged from the ocean. This terrified the Gods and demons as the poison was capable of destroying the entire world, and they ran to Shiva for help. To protect the world from… Read More »
In Continuation of Previous Post Interpretation The most popular method of interpreting a moving average is to compare the relationship between a moving average of the security’s price with the security’s price itself. A buy signal is generated when the security’s price rises above its moving average and a sell signal is generated when the… Read More »
As discussed in last analysis Finally we closed above 15136 so follow up move should be see till 15136 is held on closing basis. Do remember overbought market can remain overbought for prolonged period of time, Just market is overbought does not mean go and short it. Bank Nifty gave a fall at opening formed double… Read More »
Nifty Futures is trading in Discount of 40 Point to Nifty Spot. Nifty has rallied almost 680 from the Lows of 6826 on Budget day and did 3 back to back 100 pointer day but still trading in discount. If Nifty future is trading higher than nifty spot, then nifty future is trading with… Read More »