Bank Nifty continued with its consolidation trading below gann trendline and signal line suggesting a big move is round the corner as prices are contracting in the triangle. Support remains at 16862 and below that 16587. Resistance at 17170 and than 17280. How following NEWS can Bust your Trading Account Bank Nifty November Future Open… Read More »
Last week we gave the Chopad level of 16840 Bank Nifty gave long entry on Monday opening and achieved 3 target on upside on the same day,Lets analyze how to trade market in coming week. Bank Nifty Hourly Bank Nifty trading in contracting triangle with range bound moves suggesting big move is round the corner.… Read More »
As discussed in Last analysis 17170 is the first level of resistance after that 17293 and than we can see quick move towards 17466. Support at 16862 and below that fast move towards 16600. Bank Nifty moved above 17170 did a quick move till 17262 gann singal line and trendline showed their effect and last 1… Read More »
Grasim Positional/Swing Traders can use the below mentioned levels Close above 3680 Tgt 3804 Intraday Traders can use the below mentioned levels Buy above 3680 Tgt 3695,3720 and 3760 SL 3665 Sell below 3650 Tgt 3625,3584 and 3557 SL 3665 Hind Petro Intraday Traders can use the below mentioned levels Buy above 795… Read More »
FII’s bought 658 contract of Index Future worth 23 cores ,227 Long contract were squared off by FII’s and 935 short contracts were squared off by FII’s. Net Open Interest decreased by 1.2 K contract, so today’s rise in market was used by FII’s to exit both long and shorts in Index futures. The importance of… Read More »
As discussed in Last analysis Bank Nifty was unable to close above the signal line and gann trendline and effect showed up today closing near the green gann arc, holding the same we can rally back to 17000/17170 but unable to close above it can see bank nifty falling towards 16587 as shown by supply… Read More »
FII’s bought 2.8 K contract of Index Future worth 139 cores ,7.7 K Long contract were added by FII’s and 4.9 K short contracts were added by FII’s. Net Open Interest increased by 12.7 K contract, so today’s fall in market was used by FII’s to enter long and add shorts in Index futures. Are you… Read More »
As discussed in Last analysis Bulls needs to close nifty above 17293 which is signal line, else the rally will get sold into once again. Bank Nifty needs to close above the signal line for a move towards 17466 else heading back towards 16862/16600 levels. Bank Nifty was unable to close above the signal line… Read More »
FII’s sold 2 K contract of Index Future worth 138 cores ,2 K Long contract were liquidated by FII’s and just 5 short contracts were added by FII’s. Net Open Interest decreased by 2 K contract, so today’s rise in market was used by FII’s to exit long and add just 5 shorts in Index futures… Read More »
As discussed in Last analysis Bulls needs to close nifty above 17293 which is signal line, else the rally will get sold into once again. Bank Nifty opened with gap up at signal line and unable to sustain above signal line and also gann trendline and fall down towards 17000 before showing recovery. Bank Nifty… Read More »