As discussed in last analysis As we have RBI policy tomorrow, as Bank Nifty is stuck between the gann arc and gann vertical line suggesting squeeze has happened and now ready for a big move, Breakdown below 15237 and Breakout above 15570 for a 300 point move either side which should come in next 2… Read More »
(Dr. Raghuram Rajan, Governor – January 29, 2016 – at NCAER, New Delhi) I thank Shekhar Shah for inviting me to deliver the C.D. Deshmukh lecture at NCAER. Sir Chintaman Dwarakanath Deshmukh, an ICS officer, was truly a giant of modern India. In 1943, he was the first Indian, as well as the youngest… Read More »
Bank Nifty opened near the horizontal grey line as shown in below chart, again got resisted and corrected till the green arc. As we have RBI policy tomorrow, as Bank Nifty is stuck between the gann arc and gann vertical line suggesting squeeze has happened and now ready for a big move, Breakdown below 15237… Read More »
Last Week we gave Chopad Level 15550 Bank Nifty did 2 target on downside and 1 Target on Upside. Lets analyze how to trade Bank Nifty in coming week. Bank Nifty Hourly Bank Nifty was supporting at 180 degree during the whole past of last week, Opened gap down on Friday below 180 but quickly… Read More »
Technical analysis is a science of forecasting the price of stock/index/commodities based on price and volumes data. Technical analysis is practiced in two main categories Charts Patterns Technical Indicators Chart Patterns — A chart pattern is a pattern that is formed within a chart when prices are graphed. In stock and commodity markets trading, chart… Read More »
As discussed in last analysis We should big move tomorrow, Support below 15400 comes at 15237 and resistance at 15713. Bank Nifty opened with gap down near gann arc as shown below and as soon as moved above 15237 bulls took control and rallied bank nifty till 15550. Now for coming 2 days Bank Nifty… Read More »
As discussed in last analysis Bank Nifty Resistance at 15713 crossing the same can see fat move till 15882/16000. Bearish only on break of 15400. Bank Nifty was unable to close the demand zone of 15713 and took support near the gann horizontal line, so trading in a zone before seeing a breakout/breakdown. We should… Read More »
As discussed in last analysis Bank Nifty Resistance at 15713 crossing the same can see fat move till 15882/16000. Bearish only on break of 15400. Bank Nifty again made high of 15673 again unable to close the demand zone of 15713 and took support near the gann horizontal line, so trading in a zone before… Read More »
Bank Nifty Resistance at 15713 crosing the same can see fat move till 15882/16000. Bearish only on break of 15400.Secret of Successful Trading:Make Your Trading Boring Bank Nifty January Future Open Interest Volume is at 21.7 lakh with liquidation of 3.2 Lakh with decrease in Cost of Carry suggesting long positions were closed today .Bank… Read More »
As discussed in last analysis Bank Nifty price action suggest a change in trend as we saw buying near the demand zone. Break of 15380 can see move towards 15713/15872. Bank Nifty broke above 15380 holding gann arc as shown below now this range of 15320-80 should act as support till expiry. Resistance at 15713/15872… Read More »