Last Week we gave Chopad Level 15360 Bank Nifty gave Short on Monday and did 1 target on downside, Longs taken on Wednesday did 2 target on Upside by Friday. Lets analyze how to trade Bank Nifty in coming Week as we have 2 trading Holidays. Bank Nifty Hourly As discussed last week Till… Read More »
FII’s bought 7.6 K contract of Index Future worth 490 cores ,16.1 K Long contract were added by FII’s and 8.4 K short contracts were added by FII’s. Net Open Interest increased by 24.5 K contract, so rise in Nifty market was used by FII’s to enter long and enter shorts in Index futures.How To Get… Read More »
As discussed in last analysis Bank Nifty opened above the gann resistance line but was unable to sustain above it, but closed above the gann arc as shown below suggesting bulls are still in control. Bank Nifty made low near the gann support of 15452 and bounced back sharply above 15555, the way bank nifty… Read More »
FII’s bought 10.7 K contract of Index Future worth 591 cores ,7.1 K Long contract were added by FII’s and 3.6 K short contracts were liquidated by FII’s. Net Open Interest increased by 3.4 K contract, so fall in Nifty market was used by FII’s to enter long and exit shorts in Index futures.How to fight… Read More »
FII’s sold 2.4 K contract of Index Future worth 114 cores ,10.9 K Long contract were added by FII’s and 13.3 K short contracts were added by FII’s. Net Open Interest increased by 24.3 K contract, so fall in Nifty market was used by FII’s to enter long and enter shorts in Index futures. How “Not… Read More »
Bank Nifty made High of 15489 and low of 15178, so again close above 15136 and able to cross resistance zone of 15440 and also important gann resistance of 15452, So tomorrow we need to see if we close above 15452 and show a follow upmove towards 15555 near gann resistance line and close above… Read More »
FII’s bought 14.8 K contract of Index Future worth 861 cores ,8 K Long contract were added by FII’s and 6.8 K short contracts were liquidated by FII’s. Net Open Interest increased by 1.1 K contract, so rise/fall in Nifty market was used by FII’s to enter long and exit shorts in Index futures. How to… Read More »
As discussed in last analysis Now we need a close above 14272 which is gann trend line for a 500 point run on upside else again we might see a drop to 13400-13500. Bank Nifty moved above 14272 and almost did 900 points on upside and also crossed the resistance zone of 14590-14640 with a… Read More »
As discussed in last analysis Now we have Gann support in range of 13600-13500 range where we can see some bounce back. Bank Nifty made low of 13519 near 13500, We have 3 months of Selling in Bank Nifty it has happened 5 times in past as shown in below monthly chart. Every time Bank… Read More »
Last Week we gave Chopad Level 15650 Bank Nifty opened at 15565 below chopad levels and did all target in downside.Lets analyze how to trade Bank Nifty in coming week. Bank Nifty Hourly Bank Nifty broke the 180 degree support and quickly saw fall till 225, did not close below the support and again gave… Read More »