Last Week we gave Chopad Level 18440 Bank Nifty gave Short entry on Monday and did 1 target on Downside by Monday and gave long entry on Wednesday thus rewarding discipline chopad followers handsomely on both long and short side. Lets analyze how to trade bank nifty in coming week as RBI policy will be… Read More »
As discussed in last analysis Bulls need a close above 18721 for a move towards 19000/19300. Bears will get active only below 18200. Bank Nifty opened gap down made low of 18187 and quickly recovered and closed well above 18200. Bank Nifty again took support at the gann angles as shown in below chart, Gann… Read More »
Last Week we gave Chopad Level 19000 Bank Nifty gave Short entry on Monday and did 3 target on Downside by Monday thus rewarding discipline chopad followers handsomely. Lets analyze how to trade bank nifty in coming week as RBI increased CRR rate by 100 BPS Bank Nifty Hourly As discussed in last analysis For… Read More »
FII’s bought 10.7 K contract of Index Future worth 638 cores ,7.9 K Long contract were added by FII’s and 2.7 K short contracts were liquidated by FII’s. Net Open Interest increased by 5.1 K contract, so rise in market was used by FII’s to enter long and enter shorts in Index futures. As discussed in… Read More »
As discussed in last analysis Low made yesterday was 18216 but closed above 18250 again near the gann angle support zone as shown in below chart. Holding 18250 bank nifty can again bounce till 18500/18721 below 18200 fall towards 18000/17850. Low made was 18266 near our gann support zone of 18250 as seen in below… Read More »
As discussed in last analysis Holding 7916 we might has formed a short term bottom and see rally till 8130/8270. Bulls on close above 8010 can see fast move towards 8060/8100 in next 2 session. Bears will get active below 7900 and in between 7900-8010 it will be volatile expiry moves. High made today was… Read More »
As discussed in last analysis Bank Nifty was unable to move above 18721 and bears unable to close below 18250,in between choppy move will continue, Close above 18721 can push bank nifty towards 18000/18300. Low made yesterday was 18216 but closed above 18250 again near the gann angle support zone as shown in below chart.… Read More »
As discussed in last analysis Next Week will be very interesting as we can see move of 400-600 points in 1-2 days as price do not stay near gann angles for long. Bulls will become active above 19000 for a move till 19220/19450. Bears are already active below 19000 and can push nifty towards 18750/18600… Read More »
FII’s sold 10.8 K contract of Index Future worth 597 cores ,355 Long contract were added by FII’s and 11.2 K short contracts were added by FII’s. Net Open Interest increased by 11.5 K contract, so fall in market was used by FII’s to enter long and enter shorts in Index futures. The Success Story Of… Read More »
As discussed in last analysis Closing below 19000 which is gann angle support as shown in below chart bank nifty can move towards 18800/18612. Bullish only on close above 19300. Bank Nifty High today was 19328 but unable to sustain above 19300 and saw big fall and did the target of 19000 below 19180 and in… Read More »