As Discussed in Last Analysis Bank Nifty has formed doji on day before budget Bulls need to move above 31610 for a move towards life high of 31784/31964/32054. Bears will get active below 31490 for a move back to 31338/31250/31015. Budget day turned our to be non event for Bank Nifty as the range was… Read More »
We were not able to discuss analysis yesterday,Apologies for that. Bank Nifty has formed doji on day before budget Bulls need to move above 31610 for a move towards life high of 31784/31964/32054. Bears will get active below 31490 for a move back to 31338/31250/31015. Trade cautiously as we will see wild and volatile swings.… Read More »
Most of the Professional traders do not choose to trade on the budget day as it involved wild swings and one bad trade can give you a big hit on your trading account but there are many traders who wait for this day to take a plunge. Most of the traders end up losing a… Read More »
Union Budget 2019 will be presented on 05 Jul by Honorable Finance Minister Shri Nirmala Sitharaman ji. 1st Budget in the Leadership of our Beloved PM Shri Narendra Modiji after he was elected again in 2019 with a thumbing Majority. This Budget will have loads of Expectation. Market will have Close Eye on Fiscal Deficit… Read More »
As Discussed in Last Analysis Positional Long should be taken above 31800 only else this rally will get sold into. Bulls will get active only above 31800 for a move towards 32000/32250/32500. Bears will become active below 31400 for a move back to 31284/31100/30900. High made was 31752 so bulls still unable to close above… Read More »
FII’s bought 1.2 K contract of Index Future worth 135 cores 14.5 K Long contract were added by FII’s and 13.3 K Short contracts were added by FII’s. Net Open Interest increased by 27.8 K contract, so rise in Nifty was used by FII’s to enter long and enter short in Index futures.FII’s Long to… Read More »
As Discussed in Last Analysis Bears got active below 30500 and did our 1 target of 30360 Low made was 30265 near gann angle, Now Bulls need to move above 30500 for a move towards 30700/31000/31333. We formed an inside day today be prepared for volatility if you are having small capital try to stay away… Read More »
As Discussed in Last Analysis Long above 30450 for a move back to 30577/30650/30816. Bearish below 30290 for a move towards 30125/30038/29951. Low made was 30036 so we did 2 target below 30290 and and we corrected all the way till 30218 and our intraday time cycle at 1:48 worked perfectly. Strong Support is in… Read More »
As Discussed in Last Analysis High made was 30648 and we corrected all the way till 30218 and our intraday time cycle at 2:18 worked perfectly. Bearish trade got stopped out as we did not reach our target of 30100. RBI Policy will come on Thursday expect some choppy move in market. Long above 30450… Read More »
As Discussed in Last Analysis Today’s High and low will be very important break on any side can give move of 200-300 points easily, As discussed in video posted yesterday current cycle we can see rise till 30700 and aggressive traders should use rise till 30588 to short with SL of 30700, High made was… Read More »