Bank Nifty opened gap down near the 16200 near the new demand zone quickly recovered all the looses, closed well above the new demand zone of 16286. Bulls can push prices towards 16573/16758, strong support exits near the Gratley Harmonic support of 16024 Problems Created by Trading Loss Bank Nifty December Future Open Interest Volume… Read More »
FII’s sold 15.9 K contract of Index Future worth 922 cores ,8.1 K Long contract were liquidated by FII’s and 7.7 K short contracts were added by FII’s. Net Open Interest decreased by 398 contract, so today’s fall in market was used by FII’s to exit long and enter shorts in Index futures. Motivational Real Life… Read More »
Godrej Industries Positional/Swing Traders can use the below mentioned levels Close above 357 target 364/369. Intraday Traders can use the below mentioned levels Buy above 358.5 Tgt 362,365 and 369 SL 356 Sell below 353 Tgt 351.5,349 and 347 SL 355 Shri Rama Transport Intraday Traders can use the below mentioned levels Buy… Read More »
FII’s sold 2 K contract of Index Future worth 120 cores ,1 K Long contract were added by FII’s and 3.1 K short contracts were added by FII’s. Net Open Interest increased by 4.2 K contract, so today’s rise in market was used by FII’s to enter long and enter shorts in Index futures. Trade as… Read More »
FII’s sold 1.5 K contract of Index Future worth 122 cores ,4.2 K Long contract were added by FII’s and 5.8 K short contracts were added by FII’s. Net Open Interest increased by 10 K contract, so today’s fall in market was used by FII’s to enter long and enter shorts in Index futures. Are You… Read More »
KSCL Positional/Swing Traders can use the below mentioned levels Close above 398 target 411/422. Intraday Traders can use the below mentioned levels Buy above 398 Tgt 401,407 and 411 SL 395 Sell below 393 Tgt 390,385 and 378 SL 395 Bharat Forge Positional/Swing Traders can use the below mentioned levels Close above 843… Read More »
Last week we gave the Chopad level of 17400 Bank Nifty gave long Entry on Monday opening and achieved 1 target High made was 17499 and our 1 Target 17510, Short Entry on downside was given on Wednesday and did 3 target on downside by Friday,Lets analyze how to trade Bank Nifty in coming week.… Read More »
Last week we gave Chopad Levels of 7950 , Nifty was volatile last week trading above and below the Chopad levels, Long Intitated during first half of week got Stopped out , Shorts were rewarded with all three target done by Friday. Nifty made low of 7756 which was near our last Chopad level of… Read More »
Bank Nifty did the extended ABCD target and closed near 16897 which is near 78.6%. Bank NIfty also is near 61.8% zone of last fall so range of 16860-16890 is very important zone also gann arc support zone, which was held on Friday, holding the same we can see rally towards 17170 range where gann… Read More »
Bulls were unable to close above 17466 where demand zone lies, Bears today broke the 17170 barrier and closed below it suggesting bank nifty can move sub 17000 zone 16982/16941 is where the support lies. Bank Nifty under performed on downside as gann arc support was held strong but if 17060 gave away we can… Read More »