Bank nifty continued with its fall and broke 15150 level in the process. Bank Nifty has now corrected 2111 points in 11 trading days fall can continue till 14862 where gann green arc lies and in worst case scenario can get extended till 14338. Market is going against me, but unable to cut my loses… Read More »
Last Week we gave Chopad Level 16050 Bank Nifty did all target on downside by Thursday and did not close above the Chopad level during the whole week, such was the selling in Banking stocks. Traders should work on New Year resolutions and use the below 2 post for planning a successful and profitable 2016.… Read More »
Last Week we gave Chopad Levels of 7555 , Nifty opened gap down below chopad levels and made low of 7494 before bouncing back near 1 target of 7605, Shorts Intitated on Tuesday were rewarded with 2 target done by Tuesday only.Lets analyses how to trade nifty next week. Traders should work on New Year… Read More »
FII’s bought 3.3 K contract of Index Future worth 158 cores ,7 K Long contract were added by FII’s and 3.6 K short contracts were added by FII’s. Net Open Interest increased by 10.6 K contract, so fall in market was used by FII’s to enter long and enter shorts in Index futures.How making a trading… Read More »
Bank nifty has invalidated the ABCD pattern as it closed below the 15453 and also broken the gann trendline in the process. Closing below 15150 on Monday can have severe implication on downside.Holding the same can see fast move towards 15550.Bank Nifty has corrected 1913 points from 1 Jan till date suggesting fall has been… Read More »
Bank Nifty broke yesterday low of 15532 made low of 15453 which was near 15500 as we have been discussing 15550 is strong support based on option analysis. Also Bank nifty has formed an ABCD pattern which did not got invalidated as bank nifty close near that level again forming a DOJI pattern, close above… Read More »
Bank Baroda Positional/Swing Traders can use the below mentioned levels Holding 134 Short term target 139/142 Intraday Traders can use the below mentioned levels Buy above 137 Tgt 138.5,141 and 144 SL 136 Sell below 133.5 Tgt 132,129.5 and 126 SL 134.5 Dabur Positional/Swing Traders can use the below mentioned levels Holding 254 Tgt… Read More »
Every trader will always have an opinion about the market. “It’s a bear market, Sell everything” “I’m pretty bullish on the markets we are nearing bottom.” Each and every trader will have their own personal explanation as to why the market is moving a certain way. Most of Traders will ask “Kya Lag Raha hai… Read More »
As discussed in Last Analysis Bank Nifty did the final target of shark pattern and showed bounce back, but closed below the demand zone of 16286 Bank Nifty made high of 16229 and was unable to close above 16286, and which increases probability of Bank Nifty going towards 15762/15800. Bullish only above 16300, Low made… Read More »
FII’s sold 6.2 K contract of Index Future worth 355 cores ,5.5 K Long contract were liquidated by FII’s and 0.06 K short contracts were added by FII’s. Net Open Interest decreased by 4.8 K contract, so rise in market was used by FII’s to exit long and enter shorts in Index futures.Keep Your Dream As… Read More »