Bank Nifty from past 2 session unable to close above the supply area of 17250 and closing below it from past 2 trading session also Till its not crossed probability of bank nifty moving to 16700/800 exists,Breakout only on closed above 17652. Secrets of Profitable Traders Part-II Bank Nifty October Future Open Interest Volume… Read More »
Cairn Positional/Swing Traders can use the below mentioned levels Close above 157 Tgt 165 Intraday Traders can use the below mentioned levels Buy above 155.3 Tgt 157,159 and 161 SL 153.5 Sell below 151 Tgt 149,147 and 144 SL 153.5 Tata Steel Positional/Swing Traders can use the below mentioned levels Close above… Read More »
As discussed in last analysis After the initial rise Bank Nifty took resistance at pyrapoint 90 degree line as shown in 2 chart and closed below the gann trendline. We need close above gann trendline for bullish mode else we can again correct back to 16600/16300 odd levels. Today also Bank nifty was unable to… Read More »
As discussed in last analysis Bank Nifty reacted from gann line of resistance and is heading towards the first support of 17000 and ultimate target of green arc as shown in below chart around 16700/16650. Low made today 16650 exactly at green arc as shown in below chart before RBI policy, and saw the huge… Read More »
Monetary and Liquidity Measures On the basis of an assessment of the current and evolving macroeconomic situation, it has been decided to: reduce the policy repo rate under the liquidity adjustment facility (LAF) by 50 basis points from 7.25 per cent to 6.75 per cent with immediate effect; keep the cash reserve ratio (CRR) of… Read More »
As discussed in last analysis Bank Nifty reacted from gann line of resistance and is heading towards the first support of 17000 and ultimate target of green arc as shown in below chart around 16700/16650.Pyrapoint suggest Break of 17000 on closing basis opens possibility of nifty moving towards 16500/16400 in short term.Bullish on close above… Read More »
Taken from the Speech of RBI Governor Dr. Raghuram Rajan A lesson from Brazil? Perhaps Brazil offers a salutary lesson. Only a few years ago, the world was applauding the country’s thriving democracy, its robust economic growth, and the enormous strides it was making in reducing inequality. It grew at 7.6 percent in 2010, and… Read More »
Last week we gave the Chopad level of 17170 Bank Nifty gave Buy opputunity @17170 for Chopad Followers and did all 2 targets on Upside and again gave Shoring Opportunity did 2 target on downside thus rewarding Chopad Followers by 800 points. Lets analyze how to trade market in coming week where we have RBI… Read More »
Highly Volatile September Series came to an end, We saw high of 17652 and low of 15762 range of 1800 points sentiments of traders moving from extreme negative to positive but overall from August to September expiry nifty moved just 18 points (Close of August Series 17214 and Close of September Series 1796) suggesting it … Read More »
As we have extended Weekend sharing Three Best Stock Market Movies Gafla ‘Gafla’ begins as a story about an ordinary young man, Subodh, in ordinary circumstances. Subodh starts out as like any middle-class guy, with limited opportunities to survive and get ahead. ‘gafla’ follows Subodh’s journey into the stock markets and beyond through the eyes… Read More »