Pattern, Price and Time: Using Gann Theory in Technical Analysis
FII bought 10.7 K contract of Index Future worth 700 cores, Net OI has decreased by 1.1 K contract, 4.8 K Long contract were added by FII and 5.9 K short were covered by FII. Net FII Long Short ratio at 0.56, So FII used fall to enter longs and exit shorts. As Discussed in … Read more Nifty EOD Analysis for 01 Oct
As Discussed in Last Analysis We can see a big move in bank nifty as we have monthly closing and time cycle date of bank nifty suggesting we should see a good move in bank nifty. Bulls now need a close above 29970 for a move back to 30143/30300/30528. Bears will get active below … Read more Bank Nifty EOD Analysis for 01 Oct
Axis Bank Positional Traders can use the below mentioned levels Close below 695 Target 677 Intraday Traders can use the below mentioned levels Buy above 702 Tgt 708, 716 and 725 SL 698 Sell below 695 Tgt 689, 683 and 677 SL 700 Muthoot Finance Positional Traders can use the below mentioned levels Close below … Read more Dravas Box Analysis for Swing Trading
Last Week we gave Chopad of 29430 Bank Nifty did all 3 target on upside as low made was 29470 and big rally next day. Coming week we have trading holiday on 02 Oct and 04 Oct being RBI Policy so good move can be expected in coming week. Bank Nifty Harmonic Pattern Holding 28500 … Read more Bank Nifty Weekly Forecast for RBI Policy Week
Last Week we gave Chopad of 11370 Nifty opened with a gap up and did not trigger our Chopad level. Coming week we have trading holiday on 02 Oct and 04 Oct being RBI Policy so good move can be expected in coming week. Nifty Harmonic Heading towards 12500 till we are holding above 11100. … Read more Nifty Weekly Forecast for RBI Policy Week
As discussed in last analysis We have Important Astro Event Mercury Venus Declination so good trend can be seen in crude in coming week. Astro combined with Projection line confirmed the top on 16 Sep and we saw the big decline in Crude and back to sub 4000 level so a fall of almost 600 … Read more Crude Weekly Forecast using Gann Analysis
USD INR approaching the support level of 70.75-70.50. Holding this range we can see a bounce back again in USD towards 71.5-72. Major Trend Change date for INR is 03 Oct Weekly Trend Change: 70.9 Weekly Resistance :71.04,71.30,71.44 Weekly Support:70.64,70.5,70.25 Levels Mentioned are for October Contract of USD INR
Few Trading Facts 80% of all day traders quit within the first 1 year of there trading most of them trade in Options and use brokers who give them High leverage of 10X Traders with having losses for 5 years or more continue to trade. The last point suggests that traders even continue to trade … Read more Understanding Random Reinforcement in Trading
FII sold 1.9 K contract of Index Future worth 259 cores, Net OI has decreased by 6.6 K contract, 4.2 K Long contract were covered by FII and 2.3 K short were covered by FII. Net FII Long Short ratio at 0.48, So FII used fall to exit longs and exit shorts. As Discussed in … Read more Nifty Monthly closing Analysis
As Discussed in Last Analysis Bulls now need a close above 30096 for a move back to 30240/20384/30528. Bears will get active below 29952 for a move back to 29808/29664/29520. It was a volatile day and bank nifty formed an inside bar candle, We can see a bg move in bank nifty as we … Read more Bank Nifty Monthly closing Analysis