Over the past 3 years, the only support level that has mattered for the S&P500 was the 100 Day Moving Average: every single time the S&P has approached, or breached, this trendline, the result has been a bout of buying pushing it right above, and keeping it in the clearly visible upward channel since 2012.… Read More »
Last week we gave the Chopad level of 18816 Bank Nifty achieved 3 target on downside rewarding discipline chopad followers .Lets analyze how to trade next week. Bank Nifty Hourly Bank Nifty with gann angles are shown, took support at 8×1 and now need to close above 4×1 for bulls to get momentum. Bank Nifty… Read More »
FII’s sold 652 contract of Index Future worth 0.29 cores ,22.2 K Long contract were added by FII’s and 22.8 K short contracts were added by FII’s. Net Open Interest decreased by 652K contract. Types of Confidence in Trading Why Adani Enterprises Shares Crashed ? Nifty again held on the gann line as per gunner chart… Read More »
WockPharma Positional/Swing Traders can use the below mentioned levels Any close above 1364 short term target 1453/1508. Intraday Traders can use the below mentioned levels Buy above 1364 Tgt 1380,1400 and 1420 SL 1350 Sell below 1328 Tgt 1310,1296 and 1280 SL 1350 Tata Motors DVR Positional/Swing Traders can use… Read More »
The BSE Sensex plunged over 1000 points and CNX Nifty declined over 300 points in 2 session after RBI policy.Let me put the reason from both Technical and Fundamental Perceptive 1. Fundamental RBI pause on further rate cuts: On expected lines, the Reserve Bank of India slashed repo rate by 25 bps, but a… Read More »
FII’s sold 100 K contract of Index Future worth 2163 cores ,48.5 K Long contract were squared off by FII’s and 51.5 K short contracts were added by FII’s. Net Open Interest increased by 2.5 K contract. As a trader, here’s what You Should DO This is what we discussed in last analysis As per gann… Read More »
FII’s bought 425 contract of Index Future worth 66.5 cores ,5.3 K Long contract were added by FII’s and 4.8 K short contracts were added by FII’s. Net Open Interest increased by 10 K contract. Reacting versus Predicting in Trading This is what we discussed in last analysis Nifty is now entering the crucial resistance zone… Read More »
Last week we gave the Chopad level of 18426 Bank Nifty achieved 2 target on upside and 1 target on downside rewarding discipline chopad followers .Lets analyze how to trade next week as RBI policy in 2 June. Bank Nifty Hourly Bank Nifty broke its trendline and also closed above its 21/34 EMA, suggesting break… Read More »
IRB Any close below 246 short term target 238/233. Bullish above 254 for target of 267. Intraday Traders can use the below mentioned levels Buy above 248 Tgt 249.3,252 and 256 SL 246.5 Sell below 245 Tgt 242.5,238 and 235 SL 246.5 Cipla Any close below 640 short term target 610. Intraday Traders can… Read More »