Rule #15: Stops Based on Percent All the stops you use should be based on percent of the price of the current market. Check back and you will find that a certain percentage stop works on the market most of the time and it is based on the current price of the market. Usually a… Read More »
Rule #8: Double Tops Double tops offer you the best method of selling a market. What is happening is that a time and price high is being challenged. In most cases, the upward timing of the market has run out and it is in a downtrend. You should use the first rally to test the… Read More »
Rule #1 : Strive for Success To be successful the most important rule is to strive for success. This means you must exert effort and put a lot of hard work into your effort. You must have both the short term and long term charts necessary for trading the markets you trade. They must be… Read More »
Bank Nifty broke 16880 level in intraday but was unable to close above it, and closed below 16770 level again increasing possibility of Bank nifty going down to 16573 levels.Close above 16880 is important for move till 17031/17396 levels, Bank Nifty will keep trading in range till it either close above 16880 or below 16573.Major… Read More »
As discussed in last analysis Bank Nifty was unable to cross 16758 and made exact low of 16573 as we have discussed. Now break of 16573 can lead bank nifty back to 16286/15762 in coming week. Holding the same bounce to 16880/17031. Bank Nifty make low of 16580 near the green gann arc, and bounced… Read More »
FII’s bought 6.6 K contract of Index Future worth 437 cores ,6.2 K Long contract were added by FII’s and 0.03 K short contracts were liquidated by FII’s. Net Open Interest increased by 5.8 K contract, so today’s fall in market was used by FII’s to enter long and exit shorts in Index futures.Four Multi-Millionaire Traders… Read More »
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 »
FII’s sold 9.7 K contract of Index Future worth 525 cores ,13.3 K Long contract were liquidated by FII’s and 3.6 K short contracts were liquidated by FII’s. Net Open Interest decreased by 17 K contract, so today’s rise in market was used by FII’s to exit long and exit shorts in Index futures. How to… 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 »
FII’s sold 8.2 K contract of Index Future worth 437 cores ,6.9 K Long contract were liquidated by FII’s and 1.2 K short contracts were added by FII’s. Net Open Interest decreased by 5.6 K contract, so today’s rise in market was used by FII’s to exit long and enter shorts in Index futures. Problems Created… Read More »