Readers have been requesting a through analysis for Bank nifty, So below is the technical analysis of Bank Nifty in all time frames so as to understand the future move and milking money out of the next move. Bank Nifty Daily Chart Bank Nifty crossed its long term trendline resistance of 12300 and closed above… Read More »
Bank Nifty Bank Nifty is showing negative divergence after a 1200 points rally,break of 10000 which is trendline support is important for divergence to show effect. Buy above 10142 Tgt 10223,10291 and 10369 Sell below 10060 Tgt 10000,9911 and 9893 REC REC was covered here after the triangle breakout and stock has rallied almost… Read More »
Below is my Interpretation of FII OI data Sheet for 31-Jan-12. 1. FII bought 15051 Contracts of NF worth 382 cores OI also increased by 4919 contracts. 2. Nifty Futures was able to cover up all the looses made yesterday ended up by 117 points,As OI also increased by 4919 contracts longs were added into… Read More »