Bank Nifty Weekly Analysis for 29 Aug -02 Sep

[ Sunday, August 28 | 0 comments ]
Last Week we gave Chopad Level 19500  Bank Nifty gave Short entry on Monday  which did 2 target on downside, High made was 19494 near our Chopad level of 19500 and unable to close above it through out the week. Lets analyze how to trade in coming week as we approach August Month Closing.


Bank Nifty Hourly

Bank Nifty Hourly
As discussed in last analysis Close above 19500 can move towards 19766/20000.
High made was 19494 so Bulls were unable


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Nifty Weekly Analysis for 29 Aug -02 Sep

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Last Week we gave Chopad Levels  of 8700, Nifty did not close above the chopad level during single session made high of 8685 and 8683 but sold off immediately , and gave chopad follower multiple entry on Monday and Thursday which did 1 and 2 target on downside respectively . Last Week Chopad Level of 8676 was major resistance for bulls as Nifty failed to close above it. Lets analyze how to trade nifty in coming  week as we approach Monthly closing.

Nifty Hourly Chart

nifty hourly
As discussed in Last Analysis Nifty is  trading in range

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Nifty Bears finally close below 8577,EOD Analysis

[ Saturday, August 27 | 0 comments ]
FII
FII's bought 15.8 K contract of Index Future worth 1051 cores ,12.3 K Long contract were added by FII's and 3.5 K short contracts were liquidated by FII's. Net Open Interest increased  by 8.7  K contract, so fall in market was used by FII's to enter long and exit shorts  in  Index futures. How to create new habits?

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Bank Nifty Bulls Bears keep fight on, Which side will give up ?

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  • As discussed in Last analysis  Bulls need close above 19367  for target of 19650/19766, Bears below 19000 for target of 18800/18500. Till 19158 is not broken its buy on dips market. Low made was 19134 , High near 19358, Bank Nifty bears unable to break 19158 and Bulls were unable to close above 19367 suggesting fight is on in between both of them, Bulls need a close above 19367 and bears below  19158. How to create new habits?
bank_impulsive vertical line move


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How to create new habits?

[ Friday, August 26 | 0 comments ]
It took me some time to understand the power of habits in our life. A while ago it seemed to me that having habits is boring, difficult, and takes to much time. I didn’t realize that many of the things I was doing were habits implemented without my permission.
But if I already have habits that are implemented without my permission, why not implement any habits I want?
Whether you go to sleep at 12 pm or 9 pm is also a habit. Whether you are used to eating healthy or unhealthy food it’s also a habit. Whether you have a wasting time on Facebook habit or work on your dreams, it is the same for your brain.
 It’s only when we try to get rid of any habit, resistance grows and therefore it seems so hard to change it.
The difference is reflected in the results you get from your habits and the quality of your life behind them.
Making habits consciously is harder than making them unconsciously. When you try to do this consciously your mind opposes, but if you do it unconsciously your mind will perceive the action as non-treatening.
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