Pattern, Price and Time: Using Gann Theory in Technical Analysis
FII’s bought 1.1 K contract of Index Future worth 47 cores ,6.3 K Long contract were added by FII’s and 5.1 K Short contracts were added by FII’s. Net Open Interest increased by 11.4 K contract, so rise in market was used by FII’s to enter long and enter short in Index futures. FII’s Long to … Read more
As Discussed in Last Analysis As soon as 26280 broken bank nifty corrected and did our target of 26060 low made was 26064 so levels worked perfectly.Bank Nifty below 26200 can again see correction till 26064/26000/25920. Bullish above 26260 for a move back to 26352/26496 Bank Nifty formed an inside bar today before crucial trend … Read more
Few Important quotes which can keep you going into this amazing field of trading: Tony Saliba “How do you lose money? It is either bad day trading or a losing position. If it’s a bad position that is the problem, then you should just get out of it.” “Clear thinking, ability to stay focused, and … Read more
HindPetro Positional Traders can use the below mentioned levels Close above 262 Target 267/275 Intraday Traders can use the below mentioned levels Buy above 262 Tgt 264,266 and 269 SL 260.5 Sell below 260 Tgt 258,256 and 254 SL 261.3 PNB Positional Traders can use the below mentioned levels Close below 76 Target … Read more
FII’s sold 4.5 K contract of Index Future worth 249 cores ,2.7 K Long contract were covered by FII’s and 1.7 K Short contracts were added by FII’s. Net Open Interest decreased by 941 contract, so fall in market was used by FII’s to exit long and enter short in Index futures. FII’s Long to Short … Read more
As Discussed in Last Analysis High made today was 26465 and we closed above 26352 so bulls continue to close above 26352 suggesting bulls have upper hand and can rally towards 26496/26640/26784/26920.Bearish below 26280 for a move towards 26210/26064. As soon as 26280 broken bank nifty corrected and did our target of 26060 low made … Read more
KSCL Positional Traders can use the below mentioned levels Close above 560 Target 576/587 Intraday Traders can use the below mentioned levels Buy above 560 Tgt 564,569 and 576 SL 555 Sell below 551 Tgt 546,541 and 536 SL 555 Jet Airways Positional Traders can use the below mentioned levels Close above … Read more
Last Week we gave Chopad level of 26810 Bank Nifty gave Short entry on Monday did all 3 target on downside so EXCELLENT week for chopad followers. High made for the week was 26805 just near to our Chopad level and we got a 600 points downside. Bank Nifty made top on 25 June and … Read more
Most of traders develop trading systems based on patterns we see in price action or in momentum or other indicators. But, what if we took “time” into account as well? When ever we talk of TIME, one person which come to our Mind is legendary W D Gann. But there are many other famous traders … Read more
Last Week we gave Chopad level of 10846 Nifty gave Short entry on Monday did all 3 target on downside so Excellent week for chopad followers. Nifty made top on 25 June and Bottom on 28 June so time cycle worked till perfection. Lets see how we trade nifty in coming week. Nifty Harmonic Till … Read more