FII’s sold 4.7 K contract of Index Future worth 256 cores ,4 K Long contract were liquidated by FII’s and 0.6 K short contracts were added by FII’s. Net Open Interest decreased by 3.3 K contract, so today’s fall in market was used by FII’s to exit long and enter shorts in Index futures What to… Read More »
Bank Nifty formed an inside day pattern today as was unable to break the Friday High and low and again closed just below the demand zone of 17368 as we have discussed in last analysis. Bulls needs to close above 17368 for a move till 17600. Gunner still suggests bears are in control till we… Read More »
As discussed in last analysis Tomorrow 17103/17025 support zone should be watched as holding the same we can see relief rally till 17350. Bank Nifty made low of 17170 and bounced back towards 17399 and closed@ 17354 just below the demand zone of 17368. Bulls needs to close above 17368 for a move till 17600.… Read More »
As discussed in last analysis If tomorrow bank nifty unable to sustain above 17368 we can see downmove till 17208/17103 and on upside 17445/17600. Bank Nifty continued with its correction and did low of 17178. Tomorrow 17103/17025 support zone should be watched as holding the same we can see relief rally till 17350. We have… Read More »
As discussed in last analysis Any close below the trendline bank nifty can move towards 17652 and 17434 support as shown in below chart. Nifty opened with gap down breaking the trendline and demand zone and continue falling through out the session and closed tad above 17368 new demand zone, if tomorrow bank nifty unable… Read More »
In order to become a successful investor in the financial market, you need to have clear financial goals and devise an investment strategy which suits your goals. You should have clear understanding of the market trends and learn how to minimize the risks by investing in diverse asset classes. Even when you are investing in… Read More »
FII’s sold 4.7 K contract of Index Future worth 624 cores ,29.1 K Long contract were liquidated by FII’s and 24.4 K short contracts were liquidated by FII’s. Net Open Interest decreased by 53.6 K contract, so today’s fall in market was used by FII’s to exit long and exit majority shorts in Index futures Do… Read More »
As discussed in last analysis Support comes @17732 and 17650. Resistance at 17950/18044. Bank Nifty opened gap down at 17738 near support zone and showed the bounce back. Bank nifty again closed above the rising trendline which shows possiblity to move towards 17950/18044, Any close below the trendline bank nifty can move towards 17652 and… Read More »
As discussed in last analysis As Bank nifty is closing above gann line of resistance so it heading to gann swing point at 18044 and above that 18144, Support at 17850 below that can move to 17652. Bank Nifty opened up at 18030 near gann swing levels unable to sustain over it and corrected towards… Read More »
Last week we gave the Chopad level of 17950 Bank Nifty gave short entry made low of 17565 achieved 2 target on downside Lets analyze how to trade market in coming week as we have October expiry. Bank Nifty Hourly Bank Nifty hourly chart faced multiple resistance @17950, close above 17950 can see move towards… Read More »