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, near the gann arc and today we saw the bounce back but got resisted at the grey trend line. Now as we have budget on… 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 Levels of 7455 , Nifty gave short entry on Monday and did all 3 targets by Wednesday thus rewarding discipline chopad followers by 175 points in matter of 3 trading sessions, Nifty was unable to close above the Chopad level of 7455 throughout the week. Nifty had the worst weekly… Read More »
FII’s bought 8.5 K contract of Index Future worth 415 cores ,10.4 K Long contract were added by FII’s and 1.8 K short contracts were added by FII’s. Net Open Interest increased by 12.2 K contract, so fall in market was used by FII’s to enter long and enter shorts in Index futures. Nifty Crashes 1000… Read More »
FII’s sold 9 K contract of Index Future worth 417 cores ,65 Long contract were added by FII’s and 9 K short contracts were added by FII’s. Net Open Interest increased by 9.1 K contract, so fall in market was used by FII’s to enter small qty long and enter good amount of shorts in Index… 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 »
Last Week we gave Chopad Levels of 7457 , Nifty gave short entry on Monday made High of 7600 and did all 3 targets by Wednesday thus rewarding discipline chopad followers by 200 points in matter of 3 trading sessions, Nifty was unable to close above the Chopad level of 7593 throughout the week. Lets… Read More »
FII’s bought 600 contract of Index Future worth 23 cores ,4 K Long contract were added by FII’s and 3 K short contracts were added by FII’s. Net Open Interest increased by 7.5 K contract, so rise in market was used by FII’s to enter long and enter shorts in Index futures. How To Improve Trading… Read More »
Axis Bank Positional/Swing Traders can use the below mentioned levels Close above 411 Tgt 432 Intraday Traders can use the below mentioned levels Buy above 411 Tgt 414,419 and 425 SL 408 Sell below 403 Tgt 398,393 and 388 SL 407 GAIL Positional/Swing Traders can use the below mentioned levels Close above 369 Tgt… Read More »