FII’s sold 7.1 K contract of Index Future worth 378 cores ,3.8 K Long contract were added by FII’s and 10.9 K short contracts were added by FII’s. Net Open Interest increased by 14.7 K contract, so rise in market was used by FII’s to enter long and enter shorts in Index futures. Trading Wisdom From… Read More »
As discussed in last analysis Bank Nifty closed above 14251 so we can see move towards 14524, High made till now 14467, Mostly 14524 will be done tomorrow. Any move above 14602 will see ban nifty crossing green arc which should again add to bullishness. Green arc Trading Wisdom From Legend Bruce Kovner Bank… Read More »
Introduction The Moving Average is one of the classical and most reliable tool for technical analysis.A Moving Average is an indicator that shows the average value of a security’s price over a period of time. When calculating a moving average, a mathematical analysis of the security’s average value over a predetermined time period is made.… Read More »
We are reproducing article written by well-known Uma Shashikant in TOI: There is a common disease among investors. They love to cast themselves in the same mould as Warren Buffet. They are forever asking if there is a bargain in buying stocks that have been hammered down. This tactic is not very different from buying… Read More »
Arvind Positional/Swing Traders can use the below mentioned levels Close above 275 Tgt 288 Intraday Traders can use the below mentioned levels Buy above 276 Tgt 279,281 and 284 SL 273 Sell below 270 Tgt 266,263 and 259 SL 273 HDFC Bank Positional/Swing Traders can use the below mentioned levels Close above 980 Tgt… Read More »
As discussed in last analysis Now Bank Nifty is near its 200 W SMA, which if broken on weekly closing basis can see Bank nifty declining all the way till 12500-12800. Next demand zone lies 13600. Nifty continued with the fall and closed near its 200 W SMA also forming a Hammer candlestick near the… Read More »
As discussed in last analysis If Bank nifty continue to trade below 14500 we can head towards 14338 which is PRZ of ABCD pattern and Weekly supply zone also as shown in below 2 chart. Bullish only on close above 15000, Bank Nifty broke 14338 did not stop hence invalidate the ABCD pattern and also demand… Read More »
The BSE Sensex plunged over 700 points and Nifty declined over 220 points and Nifty closing below 7000 lowest sinse May 2013. Nifty has now corrected 1000 points in last 66 trading sessions. Let me put the reason from both Technical and Fundamental Perceptive, Below is the complied list of fall in sensex from ET.… Read More »
As discussed in last analysis We need to see price action near 225 Degree line at 14760 levels will it prove support again or will it breakdown this time. Bank Nifty made low 14760 near the 225 degree line and showed a decent bounceback, 225 degree have been tested 3 time, More a support is… Read More »
As discussed in last analysis Bulls needs close above 15250 for next round of move till 15500/15600. Bank Nifty made high of 15367 which is pyrapoint 180 degree resistance as discussed in weekly analysis and reacted sharply from that and closing well below 15250 levels, We need to see price action near 225 Degree line… Read More »