Last week we gave the Chopad level of 17370 Bank Nifty gave short entry on Monday opening and achieved 2 target on downside, and was unable to close above chopad level of 17370 on single trading session. Lets analyze how to trade market in coming week. Bank Nifty Hourly Bank Nifty trading below 21/34 EMA… Read More »
As discussed in last analysis 16886/16772/16652 are 3 levels traders needs to see on downside below today low for possible relief rally, towards 17200/17368. Low made today was 16911 and High at 17143 also closed above the gann quadrant, Now Bulls need a close above 17170 for a quick move towards 17368. Downside support at… Read More »
As discussed in last analysis Gann Time Analysis suggests we can see big move tomorrow. Gunner still suggests bears are in control till we do not close above the gann trendline. If not bank nifty will move towards 17000 odd levels.Bank Nifty obliged by giving big move and also did the gunner target on downside… Read More »
No Change in Bank Nifty analysis as we have been discussing in past few session Bank Nifty tried to move on the demand zone @17368 but for 5 day in row continued to close below it, Bulls needs to close above 17368 for a move till 17600. Gunner still suggests bears are in control till… Read More »
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 »