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 »
As discussed in last analysis Bank Nifty took support @ the rising trendline as shown in below chart and closed above the demand area 17652. Friday we can see a breakout/breakdown move so trade cautiously. Above 17850 Bank nifty can move towards 17950/ 18050/18144 and below 17650 back to 17434/17368 . Bank Nifty open with… Read More »
A day of celebrations of good over evil. We celebrate “Ram’s victory over Ravan”. And it happened thousands of years ago. And we continue to do celebrations and stopped at that. Only a handful have gone on to fight the good fight to overcome the evil within us. Others simply complain of the evil around… Read More »
Bank Nifty after forming multiple tops in range of 17940-17954 respecting our Weekly Chopad level of 17950 after giving breakout above 17850 failed to move above Friday high of 17947 and today closed below the breakout area of 17850 but bounced from trendline support. Bank Nifty took support @ the rising trendline as shown in… Read More »