FII’s bought 62 K contract of Index Future worth 1626 cores ,83.6 K Long contract were added by FII’s and 21.6 K short contracts were added by FII’s. Net Open Interest increased by 105 K contract, so today’s rise in market was used by FII’s to enter long and shorts in Index futures How to… Read More »
As disused in Weekly Analysis , Bank Nifty ready for big move, gann date of 05 Oct also showed effect and bank nifty jumped 500 points and just closed above the ,Breakout area 17652. Now 17819/17831 needs to be observed closely as its gann trendline resistance as shown in 2 chart, crossing the same we… Read More »
Last week we gave the Chopad level of 17220 Bank Nifty gave Shorting opputunity @17220 for Chopad Followers and did all 2 targets on downside and again gave Long Opportunity did 1 target on upside thus rewarding Chopad Followers by 700 points. Lets analyze how to trade market in coming week. Bank Nifty Hourly Bank… Read More »
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 »