In Continuation of Previous Post Interpretation The most popular method of interpreting a moving average is to compare the relationship between a moving average of the security’s price with the security’s price itself. A buy signal is generated when the security’s price rises above its moving average and a sell signal is generated when the… Read More »
As discussed in last analysis Finally we closed above 15136 so follow up move should be see till 15136 is held on closing basis. Do remember overbought market can remain overbought for prolonged period of time, Just market is overbought does not mean go and short it. Bank Nifty gave a fall at opening formed double… Read More »
Nifty Futures is trading in Discount of 40 Point to Nifty Spot. Nifty has rallied almost 680 from the Lows of 6826 on Budget day and did 3 back to back 100 pointer day but still trading in discount. If Nifty future is trading higher than nifty spot, then nifty future is trading with… Read More »
As discussed in last analysis Green Arc resistance comes @15565 and the same is also coming as per supply demand analysis so bank nifty needs to close above 15136 for next move towards 15565, Support is now at 14700-14800 zone. Finally we closed above 15136 so follow up move should be see till 15136 is held… Read More »
Its an well known adage in Stock market “90% of trader lose money, 5% are at breakeven and only 5% are highly profitable trader”. So trading seems to be highly profitable profession if you are in top 5% but its a loss making profession for remaing 95%. So let me discuss few characteristic of Bad… Read More »
FII’s bought 15 K contract of Index Future worth 706 cores ,12.2 K Long contract were added by FII’s and 2.8 K short contracts were liquidated by FII’s. Net Open Interest increased by 9.4 K contract, so rally in market was used by FII’s to enter long and exit shorts in Index futures. Why majority of… Read More »
PFC Positional/Swing Traders can use the below mentioned levels Holding 157 Tgt 165 Intraday Traders can use the below mentioned levels Buy above 156.5 Tgt 157.9,159 and 161 SL 155 Sell below 154 Tgt 151 ,149 and 147 SL 155 Dish TV Positional/Swing Traders can use the below mentioned levels Holding 69 Tgt… Read More »
FII’s bought 13.3 K contract of Index Future worth 668 cores ,0.8 K Long contract were liquidated by FII’s and 14.1 K short contracts were liquidated by FII’s. Net Open Interest decreased by 14.9 K contract, so Budget day rally/fall in market was used by FII’s to exit long and exit shorts in Index futures. Impact… Read More »
As discussed in last analysis Now as we have budget on Monday Bank Nifty will see wide range 14272 on upside and 13500 on downside needs to be watched, closing above any one of them can see another 500 points move either side. Bank Nifty made high of 14222 and Low of 13407 in the… Read More »
Last Week we gave Chopad Level 14400 Bank Nifty Long initiated above chopad levels on Monday got stopped out but Longs Triggered as Bank Nifty closed below the chopad levels did all 3 target by Wednesday .Lets analyze how to trade Bank Nifty in coming Week as we have Union Budget on Monday. 2 Articles… Read More »