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 »
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 »