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 »
As discussed in last analysis Now support is again in range of 15500-15381 and resistance above 15830. Low made today was 15580 and High 15774, so trading in the range. 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… Read More »
DRL Intraday Traders can use the below mentioned levels Buy above 3055 Tgt 3074,3100 and 3122 SL 3045 Sell below 3020 Tgt 3005,2980 and 2950 SL 3030 SRF Intraday Traders can use the below mentioned levels Buy above 1250 Tgt 1265,1280 and 1300 SL 1240 Sell below 1225 Tgt 1215,1205 and 1193… Read More »
Last Week we gave Chopad Levels of 7636 , Nifty gave Long entry on Monday and did 2 targets on Upside by Wednesday. Lets analyses how to trade nifty in Expiry week . Nifty Hourly Chart As discussed in last week Nifty was able to close above 135 degree on weekly basis so we can… Read More »
Last Week we gave Chopad Level 15710 Bank Nifty gave LOng on Monday and did 2 target on upside , Lets analyze how to trade Bank Nifty in coming Expiry Week. Bank Nifty Hourly As discussed last week Coming week we are entering a new channel high at 16056 Low at 15350 so these… Read More »
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 »