Nifty Bulls Hold 8370 but fail to close above 8460,EOD Analysis

[ Tuesday, January 17 | 0 comments ]

  • FII's sold 2.1 K contract of Index Future worth 169 cores ,1.3 K Long contract were liquidated by FII's and 741 short contracts were added by FII's. Net Open Interest decreased  by 631 contract, so fall in market was used by FII's to exit long and enter shorts  in  Index futures. Do not Strike when Angry
As discussed in last analysis    Nifty  made high of 8426 and low of 8374 so bulls unable to close above 8460 and bears below 8370. As 8370 was previous resistance now it has become a solid support as from past 2 days low on Nifty was 8373/8374. Bearish below 8370 for a move towards 8330/8250. Bullish above 8460 zone in between see saw move. High made today was 8440 and low 8378 so

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Bank Nifty continue to trade near breakout zone,EOD Analysis

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As discussed in Last Analysis   Any close above 19100 can see fast move towards 19400. Strong support in range of 18700-18740. Short term correction till 18800-18700 can be seen once we start trading below 18966. Gann Positive cycle continue to show its positive effect as we are now up almost 859 points from the low of 10 Jan  Bank Nifty opened at 19128 did 19200 but faced resistance at gann resistance zone, as seen in below chart and saw correction till 18981 unable to go below 18966 closed again at 19067 our gann number but  below 19100.  Bulls need a close 19100 for a move towards 19400 and Bears below 18950 can see move towards 18800/18750 Do not Strike when Angry
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SBI Rel Cap LIC Technical Analysis for Short term

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SBIN

Positional Traders can use the below mentioned levels

Close above 257 Target 266

Intraday Traders can use the below mentioned levels

Buy above 256 Tgt


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Nifty Bulls continue to protect 8370,EOD Analysis

[ Monday, January 16 | 0 comments ]

  • FII's sold 341 contract of Index Future worth 118 cores ,9.6 K Long contract were added by FII's and 9.9 K short contracts were added by FII's. Net Open Interest increased  by 19.5 K contract, so rise in market was used by FII's to enter long and enter shorts  in  Index futures. Do not Strike when Angry
As discussed in last analysis   Now going forward fresh long should be taken above 8460 only. Nifty has rallied 567 points so small consolidation in a range should be done before the next leg of rally. Trading below 8410 nifty can see correction towards 8338/8250, Bullish above 8460 for a next move towards 8555/8598/8680.  Nifty  made high of 8426 and low of 8374 so bulls unable to close above 8460 and bears below 8370. As 8370 was previous resistance now it has become
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Bank Nifty breaks gann resistance zone,EOD Analysis

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As discussed in Last Analysis  Range was 18966-19067 is very important zone of resistance. Unable to cross the same correction can be seen till 18500. Fresh longs should be taken only on close above 19100 only. In between the trade of 19067-18500 Buy Low Sell higher with strict SL  Close today was just below 19100 but above 19067 which is a very good sign for bulls. Any close above 19100 can see fast move towards 19400. Strong support in range of 19700-19740. Short term correction till 18800-18700 can be seen once we start trading below 18966. Gann Positive cycle continue to show its positive effect as we are now up almost 859 points from the low of 10 Jan   Do not Strike when Angry
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