As we have been discussing in past few analysis 17850 is breakout area for 18050/18144 and 17350 is breakdown area for 17177/17000, In between its pure consolidation mode. As seen in below 2 charts which shows Breakout given by Bank nifty now we need to observe price actio near 18050 and 18144 for further clues… Read More »
Bank Nifty Opened with gap up and tried to move above the resistance zone of 17750 where we have multiple top but again made a high of 17752 and fall back,As shown in gann box chart bank nifty was unable to move above 1×1 line and pyrapoint chart also unable to close above 180 degree… Read More »
Bank Nifty continued in consolidation mode forming lower low lower highs, As shown in below Pyrapoint chart on Hourly time frame Bank nifty is in perfect consolidation mode. Bank Nifty has becomes proxy for IT index to manage the index, As IT heavyweight TCS and INfy have been going down on account of poor quarterly… Read More »
Bank Nifty continued in consolidation mode forming DOJI candlestick, should see big move in next 2 trading days as per time analysis. 17850 is breakout area for 18050/18144 and 17350 is breakdown area for 17177/17000, In between its pure consolidation mode. How To NOT Blow Up Your Trading Account Bank Nifty October Future Open… Read More »
As disused in Yesterday Analysis , As shown in below 2 charts Bank nifty was unable to close above 180 degree angle of gann and also 45 degree line of gann box suggesting both bulls and bears are in dilemma and mystery will get resolved early next week. Mystery continues as shown in updated chart,… Read More »
Last week we gave the Chopad level of 17220 Bank Nifty open with Huge gap up above 17220 for Chopad Followers and did not give trading opportunity but as we discussed Bank nifty was ready for big move and Bank nifty was up 600 points during the week . Lets analyze how to trade market… Read More »
As disused in Yesterday Analysis Weekly closing tomorrow Bulls will try to close above 17589 and bears below 17334,Bank Nifty closed at 17590 just, keeping hope alives for Bulls, As shown in below 2 charts Bank nifty was unable to close above 180 degree angle of gann and also 45 degree line of gann box… Read More »
As disused in Yesterday Analysis Break of 17490 can see bank nifty moving towards 17366/17133 and break above 17830 can see quick move towards 18000, Bank Nifty made low of 17401 near supply are and bounced back to close around 17474, Weekly closing tomorrow Bulls will try to close above 17589 and bears below 17334… Read More »
As disused in Yesterday Analysis Any break below todays low can see bank nifty moving towards 17201/16900 in short term and closing above 17831 we can move towards 18000/18100 in short term. Bank Nifty made low of 17500 did not break yesterday low and High made 17674 so remain in the range and formed a… Read More »
As disused in Yesterday Analysis Now 17819/17831 needs to be observed closely as its gann trendline resistance as shown in 2 chart, crossing the same we can see move back to 18200 unable to close above 17831 can see pullback to 17400/17200 in coming days. High made today was 17827 and low made 17493, as… Read More »