Bank Nifty formed an INSIDE DAY pattern unable to break previous day high and low, and unable to close above 17466 where demand zone lies. RBI policy turned out to be non event and lowest range we have seen in bank nifty in past ,Bank Nifty if it starts trading above 17466 the next crucial… Read More »
FII’s bought 12.4 K contract of Index Future worth 756 cores ,7.5 K Long contract were added by FII’s and 4.9 K short contracts were liquidated by FII’s. Net Open Interest increased by 2.6 K contract, so today’s rise/fall in market was used by FII’s to enter long and exit shorts in Index futures. What’s Your… Read More »
Last week we gave the Chopad level of 17050 Bank Nifty gave long short on Monday opening and achieved 1 target on downside and Gave Long Entry on Friday and did 2 target on upside on the same day,Lets analyze how to trade Bank Nifty in coming week. Bank Nifty Hourly Bank Nifty has been… Read More »
Last week we gave Chopad Levels of 7896 , Nifty was volatile last week trading above and below the Chopad levels, Shorts Intitated during first half of week did 1 Target, Longs were rewarded with first target on Friday. Lets analyze how to trade market in coming week where we have RBI policy,GDP Data and… Read More »
FII’s bought 5.4 K contract of Index Future worth 301 cores ,4 K Long contract were added by FII’s and 5.4 K short contracts were added by FII’s. Net Open Interest increased by 20 K contract, so today’s rise in market was used by FII’s to enter both long and shorts in Index futures. How following… Read More »
As we have been discussing in past few session big move is round the corner as prices are contracting in the triangle.Bank Nifty obliged by giving big move as soon it started trading above 17170 and showed range expansion on upside,closed above gann trendline and now heading towards the crucial supply zoen of 17466 where… Read More »
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 »
Last week we gave Chopad Levels of 7820 , Nifty was volatile last week trading above and below the Chopad levels, Long Intitated during first half of week were stopped out, Short were rewarded but did not touch the first target and bounded back and Long at end of week were also rewarded with 1… 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 »