As discussed in last analysis Supply zone towards the 16758 which was gann resistance line also, and was unable to close above it. Closing above 16758 is important for next round of upove towards 16900/17000, else we can revisit 16573 again. Bank Nifty was unable to cross 16758 and made exact low of 16573 as… Read More »
As discussed in last analysis Bank Nifty again went 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 gann green arc as shown in second chart, closing above the gann line @16580 can push… Read More »
Bank Nifty broke support near gann arc and trendline as shown in below 2 charts, Bank Nifty closed below 16850 bank nifty moving towards 16587/16300. Close above 16850 is important for move towards 17170/17396. Are You a Trader or a Gambler? Bank Nifty December Future Open Interest Volume is at 21.4 lakh with addition… 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 formed an INSIDE DAY pattern unable to break previous day high and low, and unable to close above 17466 where demand zone lies. RBI policy turned out to be non event and lowest range we have seen in bank nifty in past ,Bank Nifty if it starts trading above 17466 the next crucial… Read More »
FII’s bought 12.4 K contract of Index Future worth 756 cores ,7.5 K Long contract were added by FII’s and 4.9 K short contracts were liquidated by FII’s. Net Open Interest increased by 2.6 K contract, so today’s rise/fall in market was used by FII’s to enter long and exit shorts in Index futures. What’s Your… Read More »
Last week we gave Chopad Levels of 7896 , Nifty was volatile last week trading above and below the Chopad levels, Shorts Intitated during first half of week did 1 Target, Longs were rewarded with first target on Friday. Lets analyze how to trade market in coming week where we have RBI policy,GDP Data and… Read More »
FII’s bought 5.4 K contract of Index Future worth 301 cores ,4 K Long contract were added by FII’s and 5.4 K short contracts were added by FII’s. Net Open Interest increased by 20 K contract, so today’s rise in market was used by FII’s to enter both long and shorts in Index futures. How following… Read More »
As we have been discussing in past few session big move is round the corner as prices are contracting in the triangle.Bank Nifty obliged by giving big move as soon it started trading above 17170 and showed range expansion on upside,closed above gann trendline and now heading towards the crucial supply zoen of 17466 where… Read More »