As discussed in previous analysis Bank Nifty broke support near gann arc and trendline as shown in below 2 charts, Bank Nifty closed below 16850 bank nifty moving towards 16587/16300. Low made today was 16626 near 16587, Once 16587 is broken we can move towards 16300. Close above 16850 is important for move towards 17170/17396.… Read More »
FII’s sold 3 K contract of Index Future worth 191 cores ,3.6 K Long contract were liquidated by FII’s and 0.05 K short contracts were liquidated by FII’s. Net Open Interest decreased by 4.1 K contract, so today’s fall in market was used by FII’s to exit long and exit shorts in Index futures. Are You… Read More »
Bank Nifty again took support near gann arc and trendline as shown in below 2 charts,16850 will play important support in next 4 days as breaking the same can see bank nifty moving towards 16587/16300. Holding move towards 17170/17396. How YOU react when market move against your trading positions ? Bank Nifty December Future… Read More »
Asian Paint Positional/Swing Traders can use the below mentioned levels Close above 843 target 870/898. Intraday Traders can use the below mentioned levels Buy above 841 Tgt 846,851 and 857 SL 837 Sell below 833 Tgt 829,824 and 817 SL 837 HDIL Positional/Swing Traders can use the below mentioned levels Close above 68 Short… Read More »
Bharat Forge Positional/Swing Traders can use the below mentioned levels Close above 867 Short term target 883/890. Intraday Traders can use the below mentioned levels Buy above 862 Tgt 866,871 and 878 SL 858 Sell below 855 Tgt 849,840 and 830 SL 860 Tata Steel Positional/Swing Traders can use the below mentioned levels Close… Read More »
FII’s sold 8.6 K contract of Index Future worth 508 cores ,5.5 K Long contract were liquidated by FII’s and 3 K short contracts were added by FII’s. Net Open Interest decreased by 2.5 contract, so today’s fall in market was used by FII’s to exit long and enter shorts in Index futures. Do You Fear… Read More »
FII’s sold 9.2 K contract of Index Future worth 506 cores ,4.6 K Long contract were liquidated by FII’s and 4.6 K short contracts were added by FII’s. Net Open Interest increased by 28 contract, so today’s fall in market was used by FII’s to exit long and enter shorts in Index futures. How Your Brain… Read More »
Bulls were unable to close above 17466 where demand zone lies, Bears took the opputunity to push bank nifty towards supply zone at 17170 low made today 17164 and Bulls came back pushing bank nifty above gann swing line, suggesting we are still in range bound mode. Support at 17170/16964 range and Resistance at 17330/17466… Read More »
FII’s sold 4.6 K contract of Index Future worth 322 cores ,5.9 K Long contract were added by FII’s and 10.5 K short contracts were added by FII’s. Net Open Interest increased by 16.4 K contract, so today’s rise/fall in market was used by FII’s to enter long and enter shorts in Index futures. GST impact… Read More »
What will GST mean for the Indian economy overall There are a variety of estimates of the benefits of GST to the Indian economy. Firstly, in terms of tax efficiency and reduced compliance, it will be a big boon for business. The secondary impact of GST is likely to increase GDP growth by 200 bps… Read More »