As Discussed in Last Analysis As we have expiry tomorrow Bulls will need a close above 28800 for move towards 29000/29225/29475. Bears will get active below 28500 for a mvoe back to 28200/28100/27900. Bears were able to do 28240 only. As we have RBI Policy outcome by 11:45 tomorrow and today we had mercury ingress… Read More »
As Discussed in Last Analysis Till we are below 27700 bears have upper hand. Shorts can be taken below 27389 for a move back to 27141/27059/26876. Bulls will get active above 27700 for a move back to 27887/27971/28100.Bulls were on rampage did 28100 above 27700 as we bounced from gann angle. Bulls now need a… Read More »
Last Week we gave Chopad level of 29383 Bank Nifty did all 3 target on downside so excellent week for chopad followers.Let see how to trade on in coming week as we have RBI policy. Bank Nifty Harmonic Pattern No Valid Harmonic Pattern Observed. Supply and Demand Analysis Self Explanatory chart. Planetary Cycles and Bank Nifty… Read More »
As Discussed in Last Analysis Positional Long should be taken above 31800 only else this rally will get sold into. Bulls will get active only above 31800 for a move towards 32000/32250/32500. Bears will become active below 31400 for a move back to 31284/31100/30900. High made was 31752 so bulls still unable to close above… Read More »
As Discussed in Last Analysis Long above 30450 for a move back to 30577/30650/30816. Bearish below 30290 for a move towards 30125/30038/29951. Low made was 30036 so we did 2 target below 30290 and and we corrected all the way till 30218 and our intraday time cycle at 1:48 worked perfectly. Strong Support is in… Read More »
As Discussed in Last Analysis High made was 30648 and we corrected all the way till 30218 and our intraday time cycle at 2:18 worked perfectly. Bearish trade got stopped out as we did not reach our target of 30100. RBI Policy will come on Thursday expect some choppy move in market. Long above 30450… Read More »
As Discussed in Last Analysis Today’s High and low will be very important break on any side can give move of 200-300 points easily, As discussed in video posted yesterday current cycle we can see rise till 30700 and aggressive traders should use rise till 30588 to short with SL of 30700, High made was… Read More »
As Discussed in Last Analysis We did not got the big move as high made was 27428 once RBI overhang is over we can see the up move as per expectation till we are holding 27150 till 27533/27648/27792. High made today was 27589 so bulls were able to break the Budget day high but failed… Read More »
As Discussed in Last Analysis Bank Nifty opened with gap up and made another failed attempt to close above 27000. 27000 is very imp number and we need a close above it for bull trend to continue. Its having same important as 24389 which bank nifty was not able to close below and rallied 2000… Read More »
As Discussed in Last Analysis We had trend change date today so today’s high and low are very important, Break any side can give 250-300 point easily. Bullish above 25258 for a move towards 25420/25525/25666/25811. Bearish below 24983 for a move back to 24900/24784/24666. We should be seeing a good move in bank nifty in… Read More »