Last Week we gave Chopad Level 14000 Bank Nifty short initiated below chopad levels on Wednesday got stopped out but Longs Triggered did 2 target by Friday .Lets analyze how to trade Bank Nifty in coming Expiry week. Bank Nifty Hourly As discussed last week Now in coming week 14216 needs to be watched which… Read More »
FII’s sold 16.7 K contract of Index Future worth 846 cores ,11.9 K Long contract were liquidated by FII’s and 4.7 K short contracts were added by FII’s. Net Open Interest increased by 7.1 K contract, so rise in market was used by FII’s to exit long and enter shorts in Index futures.How Reaction vs. Response… Read More »
Bank Nifty closed above 14251 made high of 14395 and still pending towards the move till 14524, Weekly close above 14251 is bullish signal for short term. Close below 14251 will again increase probability of move towards 13890/13810, As per time analysis we should see big move in next 2 days. How Reaction vs. Response… Read More »
FII’s bought 8.4 K contract of Index Future worth 442 cores ,26.7 K Long contract were added by FII’s and 18.3 K short contracts were added by FII’s. Net Open Interest increased by 45 K contract, so rise in market was used by FII’s to enter long and enter shorts in Index futures. Ingredient to become… Read More »
As discussed in last analysis Also Black Swan Harmonic pattern will again get activated above 14251 for target of 14524/14724. Bank Nifty closed above 14251 so we can see move towards 14524, Weekly close above 14524 will be bullish signal for short term. Close below 14251 will again increase probability of move towards 13890/13810 Ingredient… Read More »
FII’s bought 18.8 K contract of Index Future worth 1030 cores ,18.5 K Long contract were added by FII’s and 342 short contracts were covered by FII’s. Net Open Interest increased by 18.1 K contract, so fall in market was used by FII’s to enter long and exit shorts in Index futures. What Constitutes 80% Of… Read More »
As discussed in last analysis Also Weekly Analysis Black Swan harmonic pattern which got completed at 13810 and we saw the expected rally above 14150.We need to close above 14524 for next move towards 14745/14965. Bank Nifty made high of 14600 and saw immediate selling pressure and closed just above 14150, till we close above… Read More »
FII’s bought 17.7 K contract of Index Future worth 915 cores ,11 K Long contract were added by FII’s and 6.6 K short contracts were covered by FII’s. Net Open Interest increased by 4.3 K contract, so rise in market was used by FII’s to enter long and exit shorts in Index futures. Why Most Traders… Read More »
As discussed in last analysis Nifty continued with the fall and closed near its 200 W SMA also forming a Hammer candlestick near the gann arc, suggesting we are near bottom for the time being. Bulls need to close above 14338. Till it do not close above 14338 any rise will be short covering rally… Read More »
Last Week we gave Chopad Level 15170 Bank Nifty short initiated below chopad levels on Monday did all target in downside by Tuesday.Lets analyze how to trade Bank Nifty in coming week. Bank Nifty Hourly As discussed last week Bank Nifty broke the 180 degree support and quickly saw fall till 225, did not close… Read More »