As discussed in last analysis one we have a close above 16792 we can see next move towards 17067. Bearish only below 16500, High made today was 16962 and closed above 16792, so Bank Nifty Bulls protected 16500 and now almost did 17000. Any close above 17067 will see swift move towards 17400. How to Identify… Read More »
As discussed in last analysis Now Bulls need a close above 16792 for next move till 17000/17100. Bears will be active only below 16500 for move towards 16188. High made today was 16861 but closed below 16792, one we have a close above 16792 we can see next move towards 17067. Bearish only below 16500,… Read More »
FII’s bought 11.7 K contract of Index Future worth 695 cores ,7.8 K Long contract were added by FII’s and 3.9 K short contracts were liquidated by FII’s. Net Open Interest increased by 3.8 K contract, so rise in market was used by FII’s to enter long and exit shorts in Index futures. How Emotions Hijack… Read More »
As discussed in last analysis Bulls needs to close above gann arc, ie above 16500 for a rally. Bears needs to close below 16188 for next move towards 16000-15900. We have been Highlighting the importance of 16188 as its near gann trendline as shown below also a demand zone number, Low made on Friday was 16186… Read More »
Last Week we gave Chopad Level 16800 Bank Nifty did not give entry as High made 16719 did not touch chopad level of 16800. Lets analyses how to trade Bank nifty in coming week, Will the age old adage , “SELL IN MAY AND GO AWAY” hold true in May month. Bank Nifty Hourly … Read More »
Last Week we gave Chopad Levels of 7921 , Nifty gave Long entry on Tuesday which did 1 target on Monday Longs taken got Stopped out on Thursday and Shorts initiated on Thursday did 2 target on downside low made was 7788 which was near our 2 target of 7777. Lets analyses how to trade… Read More »
FII’s sold 17.4 K contract of Index Future worth 989 cores ,11.1 K Long contract were liquidated by FII’s and 6.2 K short contracts were added by FII’s. Net Open Interest decreased by 4.8 K contract, so fall in market was used by FII’s to exit long and enter shorts in Index futures. The Rameswaram BOY… Read More »
As discussed in last analysis now beak of 16188 we can see move towards 16000. Bullish on close above 16500. Low made today was 16186 near gann trend line and demand zone as shown below, and High made was 16346 so unable to close above 16500 even though Bank Nifty was trading positive most part of… Read More »
FII’s sold 21.9 K contract of Index Future worth 1277 cores ,19.7 K Long contract were liquidated by FII’s and 2.2 K short contracts were added by FII’s. Net Open Interest decreased by 17.5 K contract, so fall in market was used by FII’s to exit long and enter shorts in Index futures. How not… Read More »
As discussed in last analysis now beak of 16188 we can see move towards 16000. Bullish on close above 16500. Low made today was 16193 near gann trend line as shown below, and High made was 16398 so unable to close above 16500 even though Bank Nifty was trading positive most part of the day, rise… Read More »