Pattern, Price and Time: Using Gann Theory in Technical Analysis
Bank Nifty tried to move on the demand zone @17368 but for 4 day in row continued to close below it, Bulls needs to close above 17368 for a move till 17600. Gunner still suggests bears are in control till we do not close above the gann trendline. If not bank nifty will move towards … Read more
In Continuation with Previous article What to Include in Successful Trading Plan Keep good records Good traders always want to know why and how they win or lose a trade. Keeping good records helps you recognize what goes into a successful trade. They also prevent you from repeating mistakes. Your trading records should contain the … Read more
IOC Positional/Swing Traders can use the below mentioned levels Close below 397 Tgt 390/385/377 Intraday Traders can use the below mentioned levels Buy above 398 Tgt 401,404.5 and 408.3 SL 396 Sell below 393 Tgt 390.7,387 and 382 SL 395 PFC Positional/Swing Traders can use the below mentioned levels Close above 246 Tgt 254/267 Intraday … Read more
FII’s sold 4.7 K contract of Index Future worth 256 cores ,4 K Long contract were liquidated by FII’s and 0.6 K short contracts were added by FII’s. Net Open Interest decreased by 3.3 K contract, so today’s fall in market was used by FII’s to exit long and enter shorts in Index futures What to … Read more
Bank Nifty formed an inside day pattern today as was unable to break the Friday High and low and again closed just below the demand zone of 17368 as we have discussed in last analysis. Bulls needs to close above 17368 for a move till 17600. Gunner still suggests bears are in control till we … Read more
Do your homework You can’t expect to successfully trade in a vacuum. Therefore, before the market opens, be aware of what is going on around the world. What are the overseas markets doing? Also, learn what the economic or earnings data is and when that information is due out. Rather than taking an unnecessary risk, … Read more
Reliance Capital Positional/Swing Traders can use the below mentioned levels Close above 432 Tgt 466. Intraday Traders can use the below mentioned levels Buy above 425 Tgt 430,437 and 447 SL 420.5 Sell below 418 Tgt 413,408 and 403 SL 421 OBC Positional/Swing Traders can use the below mentioned levels Close above 141 Tgt … Read more
Last week we gave Chopad Levels of 8335 , Nifty opened at 8333 made high of 8336 give a very good entry to Chopad DISCIPLINED followers and all 3 targets were done on downside. Lets analyze how to trade market in coming week. Traders do remember Lot size revision will take place from November Expiry … Read more
Last week we gave the Chopad level of 18000 Bank Nifty gave short entry on Monday opening and achieved all 3 target on downside Lets analyze how to trade market in coming week. Bank Nifty Hourly This is what we discussed last analysis Bank Nifty hourly chart faced multiple resistance @17950, close above 17950 can … Read more