Last Week we gave Chopad Level 16996 Bank Nifty did all target on downside by Monday. Traders should work on New Year resolutions and use the below 2 post for planning a successful and profitable 2016. Traders’ Resolutions for New Year-2016 New Year Resolutions for Trading Success Lets analyze how to trade Bank Nifty next… Read More »
Last Week we gave Chopad Levels of 7979 , Nifty opened gap down below chopad levels and made low of 7556 near the previous swing low of 7551, Shorts Intitated on Monday were rewarded with all three target done by Tuesday.Lets analyses how to trade nifty next week Traders should work on New Year resolutions… Read More »
There are three basic steps in spotting Harmonic Price Patterns: Step 1: Locate a potential Harmonic Price Pattern Step 2: Measure the potential Harmonic Price Pattern Step 3: Buy or sell on the completion of the Harmonic Price Pattern By following these three basic steps, you can find high probability setups that will help you… Read More »
As discussed in Last Analysis Bank Nifty did the Shark pattern target 16523 , and should now head for the next target of 16254 as Bank nifty sustained below 16450,We have trendline support at 16292. Price action near 16254-16280 is important to know the next move.Bullish only on close above 16771. Bank Nifty did the… Read More »
FII’s sold 9.5 K contract of Index Future worth 559 cores ,8.7 K Long contract were liquidated by FII’s and 820 short contracts were added by FII’s. Net Open Interest decreased by 7.8 K contract, so fall in market was used by FII’s to exit long and enter shorts in Index futures.Think Less & Keep It… Read More »
Ashok Leyland Positional/Swing Traders can use the below mentioned levels Unable to close above 93.6 Tgt 89 Intraday Traders can use the below mentioned levels Buy above 93.6 Tgt 93.9,94.5 and 97 SL 93.1 Sell below 92.5 Tgt 92,91.6 and 91 SL 93 Tata Steel Intraday Traders can use the below mentioned levels… Read More »
Bank Nifty did the Shark pattern target 16523 , and should now head for the next target of 16254 once sustained below 16450 for 1 hour,which is also strong demand zone of 16287. Price action near 16254-16280 is important to know the next move.Bullish only on close above 16771.How Important is Trading Psychology? Bank… Read More »
FII’s sold 654 contract of Index Future worth 39 cores ,7.1 K Long contract were added by FII’s and 7.8 K short contracts were added by FII’s. Net Open Interest increased by 15 K contract, so fall in market was used by FII’s to enter long and enter shorts in Index futures.Top 3 Things Successful Traders… Read More »
Bank Nifty opened gap down and reacted sharply from the SHARK patter PRZ zone as discussed in Weekly Analysis, updated chart is shown below. 16523 is the target of the pattern low made today was 16575, today low is also important demand zone if closed below it can see Bank nifty correcting towards 16286/16072 odd… Read More »
Century Textile Positional/Swing Traders can use the below mentioned levels Unable to close above 623 Tgt 610/597/589/576 Intraday Traders can use the below mentioned levels Buy above 619 Tgt 623,631 and 644 SL 615 Sell below 609 Tgt 603,597 and 588 SL 614 SKS Micro Positional/Swing Traders can use the below mentioned levels Unable… Read More »