As discussed in last analysis Range of 15320-15380 is very crucial closing above it bulls will rise more and unable to do so we can revisit 15000 level again. Bank Nifty opened with gap up made high of 15364 and corrected till the green gann arc and bounceback, Todays price action suggest a change in… Read More »
As discussed in last analysis Bank Nifty after correcting 2111 points in 11 trading days finally showed some respite to bulls and bounceback, High made today was 15338 and was unable to close above the weekly supply zone of 15320, Bulls need to close above the Weekly supply zone for more rise. Bank Nifty has… Read More »
Axis Bank Positional/Swing Traders can use the below mentioned levels Close above 398 Tgt 411 Intraday Traders can use the below mentioned levels Buy above 389 Tgt 393,398 and 408 SL 385 Sell below 380 Tgt 376,369 and 361 SL 385 IndiaBulls Housing Positional/Swing Traders can use the below mentioned levels Close above 699… Read More »
Bank Nifty after correcting 2111 points in 11 trading days finally showed some respite to bulls and bounceback, High made today was 15338 and was unable to close above the weekly supply zone of 15320, Bulls need to close above the Weekly supply zone for more rise. Bank Nifty has closed above the gann line… Read More »
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 »