Trading using Harmonic Pattern

Escorts Positional  Traders can use the below mentioned levels Close above 755 Target 799 Intraday Traders can use the below mentioned levels Buy above 755 Tgt 765, 777 and 799 SL 749 Sell below 743 Tgt 737, 729 and 720 SL 749 GAIL Positional  Traders can use the below mentioned levels Close above 92 Target … Read more Trading using Harmonic Pattern

Bank Nifty Weekly Forecast for Feb Expiry

Last Week we gave Chopad Level 14000 Bank Nifty short initiated  below chopad levels on Wednesday got stopped out but Longs Triggered did 2 target by Friday .Lets analyze how to trade Bank Nifty in coming Expiry  week. Bank Nifty Hourly As discussed last week Now in coming week 14216 needs to be watched which … Read more Bank Nifty Weekly Forecast for Feb Expiry

Nifty ready for big move,EOD Analysis

FII’s sold 16.7 K contract of Index Future worth 846 cores ,11.9 K Long contract were liquidated by FII’s and 4.7 K short contracts were added by FII’s. Net Open Interest increased  by 7.1 K contract, so rise in market was used by FII’s to exit long and  enter shorts in  Index futures.How Reaction vs. Response … Read more Nifty ready for big move,EOD Analysis

Bank Nifty ready for big move,EOD Analysis

Bank Nifty closed above 14251 made high of 14395 and still pending towards the move till 14524, Weekly close above 14251 is bullish signal for short term. Close below 14251 will again increase probability of move towards 13890/13810, As per time analysis we should see big move in next 2 days. How Reaction vs. Response … Read more Bank Nifty ready for big move,EOD Analysis

Nifty close above 7151,EOD Analysis

FII’s bought 8.4 K contract of Index Future worth 442 cores ,26.7 K Long contract were added by FII’s and 18.3 K short contracts were added by FII’s. Net Open Interest increased  by 45 K contract, so rise in market was used by FII’s to enter  long and  enter shorts in  Index futures. Ingredient to become … Read more Nifty close above 7151,EOD Analysis

Bank Nifty close above 14251,EOD Analysis

As discussed in last analysis    Also Black Swan Harmonic pattern will again get activated above 14251 for target of 14524/14724. Bank Nifty closed above 14251 so we can see move towards 14524, Weekly close above 14524 will be bullish signal for short term. Close below 14251 will again increase probability of move towards 13890/13810 Ingredient … Read more Bank Nifty close above 14251,EOD Analysis

Nifty moves from supply zone to demand zone,EOD Analysis

FII’s bought 18.8 K contract of Index Future worth 1030 cores ,18.5 K Long contract were added by FII’s and 342 short contracts were covered by FII’s. Net Open Interest increased  by 18.1 K contract, so fall in market was used by FII’s to enter  long and  exit shorts in  Index futures. What Constitutes 80% Of … Read more Nifty moves from supply zone to demand zone,EOD Analysis

Bank Nifty reacts for supply zone,EOD Analysis

As discussed in last analysis    Also Weekly Analysis  Black Swan harmonic pattern which got completed at 13810 and we saw the expected rally above 14150.We need to close above 14524 for next move towards 14745/14965. Bank Nifty made high of 14600 and saw immediate selling pressure and closed just above 14150, till we close above … Read more Bank Nifty reacts for supply zone,EOD Analysis

Nifty Did 1 target of Black Swan Harmonic Pattern,EOD Analysis

FII’s bought 17.7 K contract of Index Future worth 915 cores ,11 K Long contract were added by FII’s and 6.6 K short contracts were covered by FII’s. Net Open Interest increased  by 4.3 K contract, so rise in market was used by FII’s to enter  long and  exit shorts in  Index futures. Why Most Traders … Read more Nifty Did 1 target of Black Swan Harmonic Pattern,EOD Analysis

Bank Nifty Did 2 target of Black Swan Harmonic Pattern,EOD Analysis

As discussed in last analysis   Nifty continued with the fall and closed near its 200 W SMA also forming a Hammer candlestick near the gann arc, suggesting we are near bottom for the time being. Bulls need to close above 14338. Till it do not close above 14338 any rise will be short covering rally … Read more Bank Nifty Did 2 target of Black Swan Harmonic Pattern,EOD Analysis