FII bought K contract of Index Future worth 1697 cores, Net OI has increased by 11 K contract 11 K Long contract were added by FII and 7.7 K Shorts were covered by FII. Net FII Long Short ratio at 0.62 so FII used rise to ENTER Longs and EXIT Shorts. As Discussed In Last… Read More »
As Discussed In Last Analysis BANK Nifty closed at 38225 suggesting rally can continue towards 38501/38786/39071/39304. Bears will have chance only below 38500 for a move towards 38225/38000. Bank NIfty is approaching the higher end of gann angle, Range of 39378-39400 is crucial zone, Once trading above it rally can continue towards 39777/40150. Bears will have… Read More »
As Discussed In Last Analysis We are entering budget with a low expecation and any good news on Tax Front can lead the rally and Bank Nifty has formed Inside Bar pattern. Bulls will get active above 38225 for a move towards 38501/38786/39071/39304. Bears will get active below 37636 for a move towards 37363/37078/36793/36509. BANK… Read More »
FII sold 4.7 K contract of Index Future worth 414 cores, Net OI has increased by 11 K contract 3.1 K Long contract were added by FII and 7.9 K Shorts were added by FII. Net FII Long Short ratio at 0.46 so FII used rise to ENTER Longs and ENTER Shorts. As Discussed In… Read More »
DEFICIT/EXPENDITURE 1. Proposes fiscal deficit of 4.5% of GDP by 2025/26 2. Projects fiscal deficit of 6.4% of GDP in 2022/23 3. Revised fiscal deficit for 2021/22 at 6.9% of GDP 4. Total expenditure in 2022/23 seen at 39.45 trillion rupees 5. States will be allowed 4% fiscal deficit to GDP in FY23 6. 50… Read More »
HOW TO TRADE GANN LEVELS Reliance Trend Deciding Level: 2401 Weekly Resistance: 2425,2449,2473,2497 Weekly Support: 2377,2353,2329,2305 HDFC Trend Deciding Level: 2522 Weekly Resistance: 2547,2547,2572,2597,2621 Weekly Support: 2498,2473,2448,2424,2400 Infosys Trend Deciding Level: 1746 Weekly Resistance: 1767,1787,1807,1828 Weekly Support:1728,1707,1686,1666,1644 ICICI Bank Trend Deciding Level: 792 Weekly Resistance: 807,821,836,860 Weekly Support:778,763,749,734 HDFC Bank Trend Deciding Level: 1497 Weekly… Read More »
ZEE Positional Traders can use the below mentioned levels Close below 288 Target 277 Intraday Traders can use the below mentioned levels Buy above 290 Tgt 292, 296 and 299 SL 288.5 Sell below 288 Tgt 286.5, 285 and 283 SL 289.5 Cipla Positional Traders can use the below mentioned levels Close below… Read More »
We have formed bottom on 27 Jan as per Bayers Rule disucced in last analysis Important Bayer Rule 27: Big tops and big major bottoms are when Mercury’s speed in Geocentric longitude is 59 minutes or 1 degree 58 minutes. is in effect today so watch out for first 15 mins High and Low and… Read More »
FII bought 15.1 K contract of Index Future worth 1295 cores, Net OI has increased by 20.3 K contract 2.8 K Long contract were added by FII and 12.2 K Shorts were COVERED by FII. Net FII Long Short ratio at 0.47 so FII used rise to ENTER Longs and exit Shorts. One of the… Read More »
Indian Stock markets have witnessed high volatility during most Union Budget announcements in the last 10 years.With High volatility, comes risks and opportunities. In this article we will discuss popular Option Strategies traders adopt and how can one manage risks better while maximizing returns. What are the various Option Strategies to play the Budget? Long Straddle… Read More »