Bank Nifty continue to hold 19700,EOD Analysis

 As discussed in Last analysis   Close above 19511 will see next move towards 19700. Traders should watch 19700 very closely for coming week as major trend change will happen above 19700 and we can see move towards 20000/20400 on upside and unable to close above 19700 can see fast fall towards 19000 again. Low made … Read more Bank Nifty continue to hold 19700,EOD Analysis

Nifty hold on to Gann Support zone before Fed Policy,EOD Analysis

FII’s bought 6.3 K contract of Index Future worth 444 cores ,5.6 K Long contract were added by FII’s and 0.71 K short contracts were liquidated by FII’s. Net Open Interest increased  by 4.8 K contract, so rise in market was used by FII’s to enter long and exit shorts  in  Index futures. Characteristics Of Loss … Read more Nifty hold on to Gann Support zone before Fed Policy,EOD Analysis

Nifty Bulls again protect 8577, EOD Analysis

FII’s sold 10.1 K contract of Index Future worth 631 cores ,7.3 K Long contract were added by FII’s and 17.4  K short contracts were added by FII’s. Net Open Interest increased  by 24.7  K contract, so rise in market was used by FII’s to enter long and enter shorts  in  Index futures. Are you Addicted … Read more Nifty Bulls again protect 8577, EOD Analysis

IRB Sun TV and Glenmark Gann Analysis

IRB Positional Traders can use the below mentioned levels Close above 221 Tgt 228/233 Intraday Traders can use the below mentioned levels Buy above 221 Tgt 223.5,227 and 230 SL 220 Sell below 219 Tgt 217.8,215.7 and 213 SL 220   SUN TV Positional Traders can use the below mentioned levels Close above 494 Tgt … Read more IRB Sun TV and Glenmark Gann Analysis

Bank Nifty continue to close above 19000,EOD Analysis

As discussed in Last analysis  Now Bulls again need close above 19158 for move towards 19500 and bear will get active only on close below 18500, in between its just time correction. Bank Nifty closed above 19000 for second day in a row but failed close 19150 high made was 19138, It has been 25 … Read more Bank Nifty continue to close above 19000,EOD Analysis

Bank Nifty forms DOJI, EOD Analysis

As discussed in Last analysis  As seen in below chart we are again near a trend change as prices are near horizontal line, suggesting if 18443-18500 is held we can again see a move till 18900-19000 range.  Low made today was 18537 and bank nifty formed DOJI near the horizontal line suggesting trend change can … Read more Bank Nifty forms DOJI, EOD Analysis

Bank Nifty takes breather before RBI policy,EOD Analysis

As discussed in Last analysis   Bulls now need a close above 19158 for a move till 19500. Bank Nifty did the final target of Cyphar pattern and paused in current uptrend. Now for Bulls we need a close above 19158 for a move towards 19500,bear will get active on close below 18915 for a target of … Read more Bank Nifty takes breather before RBI policy,EOD Analysis

Nifty forms inside day, ready for impulsive move

FII’s sold 144 contract of Index Future worth 3 cores ,2.6 K Long contract were added by FII’s and 2.8 K short contracts were added by FII’s. Net Open Interest increased  by 5.5 K contract, so fall in market was used by FII’s to enter long and enter shorts  in  Index futures. Tested Classic Stock Trading … Read more Nifty forms inside day, ready for impulsive move

Bank Nifty ready for big move,EOD Analysis

As discussed in Last analysis  Further bearishness can be seen below 18550 for move till 18280/18070. For next 2 days close above 18814 can see fast move till 19000. Bullish above 19158 for move till 19374/19509. Bank Nifty was unable to close above 18814 and also unable to close below 18550 suggesting market taking breather before … Read more Bank Nifty ready for big move,EOD Analysis