Monthly Archives: April 2016

Bank Nifty held on to 200 DMA,EOD Analysis

By | April 30, 2016 11:17 am

As discussed in last analysis   High made today was 17023 bank nifty unable to scale above the supply zone level of 17067 and also the gann resistance line and bears got active below 16800 and saw the decline till  200 DMA, Break of 16700 can again see a quick fall till 16500, Bank Nifty made… Read More »

HDIL Lupin and ACC Harmonic Study

By | April 29, 2016 7:45 am

HDIL Positional/Swing Traders can use the below mentioned levels Close above 86.5 Tgt 89/91 Intraday Traders can use the below mentioned levels Buy above 86.5 Tgt 87.2,88.3 and 89.4 SL 85.8 Sell below 85.5 Tgt 84.5,83.7 and 82 SL 86.1   ACC Positional/Swing Traders can use the below mentioned levels Close above 1453 Tgt 1508/1542… Read More »

Nifty holds its 200 DMA,EOD Analysis

By | April 28, 2016 11:44 pm

FII’s bought 1.7 K contract of Index Future worth 103 cores ,37.5 K Long contract were liquidated by FII’s and 55.6  K short contracts were liquidated by FII’s. Net Open Interest decreased  by 93.1 K contract, so fall in market was used by FII’s to exit both  long and shorts in  Index futures. Patience Is A… Read More »

Bank Nifty holds its 200 DMA,EOD Analysis

By | April 28, 2016 11:05 pm

As discussed in last analysis  Bulls need a close above 17100 which is supply zone and also gann resistance line as shown in below 2 chart, for next move till 17400, Strong support around 16800 zone, Bears will be active only on close below 16800 for a quick move till 16500 . High made today was… Read More »

Nifty close above 7972, EOD Analysis

By | April 27, 2016 9:10 pm

FII’s bought 13.8 K contract of Index Future worth 843 cores ,26.6 K Long contract were added by FII’s and 12.8  K short contracts were added by FII’s. Net Open Interest increased  by 39.4 K contract, so rise in market was used by FII’s to enter  long and  enter  shorts in  Index futures. Patience Is A… Read More »

Patience Is A Trader’s Virtue

By | April 27, 2016 5:09 pm

The money’s made in the sitting and the waiting, not the trading… Jesse Livermore “The snake which cannot cast its skin has to die.”- Friedrich Nietzsche  “There are a lot of shoes on the shelf; wear only the ones that fit. If you’re extremely confident, taking a loss doesn’t bother you.” – George Soros Do… Read More »