Bank Nifty again today made high of 17940 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 made a high in opening at 17954 and came down, suggesting no follow up move was seen. Today move can… Read More »
Bank Nifty after giving breakout above 17850 failed to move above Friday high of 17947 made a high in opening at 17954 and came down, suggesting no follow up move was seen. Today move can be seen as consolidation after big rise seen on Friday, It will be termed as failed breakout once it closed… Read More »
Last week we gave the Chopad level of 17580 Bank Nifty gave short entry made low of 17434 which did not achieve the target of 17360 and gave long entry @17580 and did 2 target on upside made high of 17947 near 3 target of 18000 . Lets analyze how to trade market in coming… Read More »
FII’s sold 52.7 K contract of Index Future worth 831 cores ,27.5 K Long contract were liquidated by FII’s and 25.5 K short contracts were added by FII’s. Net Open Interest decreased by 2.2 K contract, so today’s rise in market was used by FII’s to exit long and enter fresh shorts in Index futures Motivational:… Read More »
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 »