Bank Nifty held on to 200 DMA,EOD Analysis

As discussed in last analysis   High made today was 17023 bank nifty unable to scale above the supply zone level of 17067 and also the gann resistance line and bears got active below 16800 and saw the decline till  200 DMA, Break of 16700 can again see a quick fall till 16500, Bank Nifty made low of 16527 near our target of 16500 once 16800 was broken,and closed below 16800 but again held on to 200 DMA, so bulls are bears both are in dilemma. Volatility which we are seeing in market was due to Weekly and Monthly closing we had yesterday.Bulls need to close above 16800 and bears below 16500 for next 300-400 points move.   Are You a Carrot, Egg, or Coffee Bean?

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Are You a Carrot, Egg, or Coffee Bean?

A young woman went to her mother and told her about her life and how things were so hard for her.  She did not know how she was going to make it and wanted to give up.  She was tired of fighting and struggling.  It seemed as one problem was solved a new one arose.
Her mother took her to the kitchen.  She filled three pots with water.  In the first, she placed carrots, in the second she placed eggs, and the last she placed ground coffee beans.

She let them sit and boil without saying a word.  In about twenty minute she turned off the burners.  She fished the carrots out and placed them in a bowl.  She pulled the eggs out and placed them in a bowl.  Then she ladled the coffee into a bowl.  Turning to her daughter, she asked, “Tell me what you see?”
“Carrots, eggs, and coffee,” she replied.

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HDIL Lupin and ACC Harmonic Study

HDIL

Positional/Swing Traders can use the below mentioned levels

Close above 86.5 Tgt 89/91

Intraday Traders can use the below mentioned levels

Buy above 86.5 Tgt

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Bank Nifty holds its 200 DMA,EOD Analysis

As discussed in last analysis  Bulls need a close above 17100 which is supply zone and also gann resistance line as shown in below 2 chart, for next move till 17400, Strong support around 16800 zone, Bears will be active only on close below 16800 for a quick move till 16500 . High made today was 17023 bank nifty unable to scale above the supply zone level of 17067 and also the gann

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Nifty holds its 200 DMA,EOD Analysis

• FII's bought 1.7 K contract of Index Future worth 103 cores ,37.5 K Long contract were liquidated by FII's and 55.6  K short contracts were liquidated by FII's. Net Open Interest decreased  by 93.1 K contract, so fall in market was used by FII's to exit both  long and shorts in  Index futures. Patience Is A Trader's Virtue
  

As discussed in last analysis   So we can trade between 7850-7972 range before taking next move. Till close is above gann number of 7850 bulls are in control,Any close below 7972 invalidate the move towards 8116/8250.

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Who is in Control When You Trade?

We cannot control the market but we can control our trades and many aspects of our trading mindset.
When you go through a trading loss do you ever find yourself blaming something outside yourself? Today Nifty had a decent fall and if you made loss today You can Blame Bank of Japan, "the system" - the system is rigged against me etc..
When you blame an external situation, you are giving up control, and instead letting yourself be controlled by outside events.  This converts you from a proactive trader into a reactive trader. When your emotions rule over you, You become SLAVE of market end results is you lose badly.

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Biocon Grasim and Petronet Darvas Box Analysis

Biocon

 

Intraday Traders can use the below mentioned levels

Buy above 573 Tgt

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Nifty close above 7972, EOD Analysis

• FII's bought 13.8 K contract of Index Future worth 843 cores ,26.6 K Long contract were added by FII's and 12.8  K short contracts were added by FII's. Net Open Interest increased  by 39.4 K contract, so rise in market was used by FII's to enter  long and  enter  shorts in  Index futures. Patience Is A Trader's Virtue
  

As discussed in last analysis   So we can trade between 7850-7972 range before taking next move. Till close is above gann number of 7850 bulls are in control  High made was 7991 and Low 7940 but closed above 7972, Bulls finally close above  7972 also gann resistance

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Will Bank Nifty close above 17067 on Expiry day, EOD Analysis

• Bank Nifty closed above 200 DMA for 2 day in a row, Bulls need a close above 17100 which is supply zone and also gann resistance line as shown in below 2 chart, for next move till 17400, Strong support around 16800 zone, Bears will be active only on close below 16800 for a quick move till 16500 . Patience Is A Trader's Virtue

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Patience Is A Trader's Virtue

The money's made in the sitting and the waiting, not the trading… Jesse Livermore
“The snake which cannot cast its skin has to die.”- Friedrich Nietzsche
 “There are a lot of shoes on the shelf; wear only the ones that fit. If you're extremely confident, taking a loss doesn't bother you." – George Soros
Do you go through any of the below thoughts when you are trading
No time to wait for the right signal, You Buy

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ICICI Bank Arvind and Just Dial Supply Demand Analysis

ICICI Bank

Intraday Traders can use the below mentioned levels

Buy above 255 Tgt

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Bank Nifty close above 200 DMA,EOD Analysis

 As discussed in last analysis   Now for coming week Only close above 16800 can fuel the expiry rally towards 17000, else any close below 16500 can see move towards 16350/16300. High made 17029 and low made 16572 so Bank Nifty broke 16800 and saw an impulsive rise towards 17000 as we have anticipated. Hope trades were able to capitalize over the move. Bank Nifty has closed above 200 DMA first time after 20 August, also we have broken the gann arc so if we move above 17100 we can see fast move towards 17500/17800. The Recency Effect - How it affects Trading

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Nifty rally above 7850,Will it close above 7972 ?

• FII's bought 16 K contract of Index Future worth 994 cores ,45 K Long contract were added by FII's and 28.9  K short contracts were added by FII's. Net Open Interest increased  by 73.9 K contract, so rise in market was used by FII's to enter  long and  enter  shorts in  Index futures. The Recency Effect - How it affects Trading
  

As discussed in last analysis   So we can trade between 7850-7972 range before taking next move. Till close is above gann number of 7850 bulls are in control  High made was 7974

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The Recency Effect - How it affects Trading

Raj had been watching the Nifty futures all morning, waiting patiently for a trade. Finally,Nifty came near His entry levels based on his trading system. He looked carefully at  the price action  he used to qualify his trades. Everything met his criteria. Price had turned bullish and  signaling long should be taken. “There’s no flaw in the setup,” he thought.
The trade started working almost immediately. The market moved up smartly, breaking a nearby resistance level and then moved in his direction. The Nifty rallied almost 60 points from the trade entry—an excellent intraday run for this market. But, Alas!!  Raj was not on board.
He didn’t take the trade. Why ??

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Nifty holds on 7850 on closing basis,EOD Analysis

• FII's bought 0.04 K contract of Index Future worth 12 cores ,4.4 K Long contract were added by FII's and 4.9  K short contracts were added by FII's. Net Open Interest increased  by 9.4 K contract, so fall in market was used by FII's to enter  long and  enter  shorts in  Index futures. How to preserve Mental Capital for Trading
  

As discussed in last analysis   So we

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Bank Nifty does time correction,EOD Analysis

•  As discussed in last analysis   Now for coming week Only close above 16800 can fuel the expiry rally towards 17000, else any close below 16500 can see move towards 16350/16300. High made 16767 and low made 16605 so trading in a range and doing time correction. How to preserve Mental Capital for Trading

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How to preserve Mental Capital for Trading

What have been said many time as a trader you need to preserve your trading capital.But trading is not just about managing your trading capital, but also about keeping your emotional and psychological capital intact. Today we will discuss how you can preserve your Mental capital and why this is more important than trading capital
If you have been an trader  you will have experienced a loss. While experiencing a loss is less than enjoyable, the real danger of a losing trade is the threat it poses to your confidence and your mental approach.
Here are some ground rules to keep in mind for trades which do not turn out to be profitable and drain you from Mental capital also when loss becomes TOO BIG.
1. Understand the Every trade will not be a Success

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Bank Nifty struggling near supply zone,EOD Analysis

 As discussed in last analysis   As per gann  arcs, Support is in range of 16400-16500 and resistance at 16800. Breakout above 16800 for a move towards 17000,Breakdown below 16500 for a move towards 16300-16250.  High made 16755 and Low 16549, Now for coming week Only close above 16800 can fuel the expiry rally towards 17000, else any close below 16500 can see move towards 16350/16300. If only our mind is like a plain mirror

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Bank Nifty does 16700, EOD Analyiss

•  As discussed in last analysis   Till 16000 is held bulls hope are alive for a move till 16500/16700 zone. Bank Nifty made high of 16770 but closed below 16700. As per gann  arcs, Support is in range of 16400-16500 and resistance at 16800. Breakout above 16800 for a move towards 17000,Breakdown below 16500 for a move towards 16300-16250.  How Fear and Greed affects trading

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Nifty unable to close above 7972,EOD Analysis

• FII's sold 1.5 K contract of Index Future worth 74 cores ,2.7 K Long contract were added by FII's and 4.3 K short contracts were added by FII's. Net Open Interest increased  by 7.1 K contract, so fall in market was used by FII's to enter  long and  enter shorts in  Index futures.How Fear and Greed affects trading
  

As discussed in last analysis   Bulls need a close above 7950/7972 range to continue the rise further else we can see a dip till 7850/7800 range. High m

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Ashok Leyland PNB and BPCL Technical Levels

Ashok Leyland

Intraday Traders can use the below mentioned levels

Buy above 107.2  Tgt

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How Fear and Greed affects trading

The most difficult aspect of trading is "handling your own emotions"as a Human Being we are emotional and if emotions are removed out of us there will not be difference between Robot and Humans. As a trader its always good to be MINDFUL about our emotions and this is what a great trader have done, They have not removed emotions but they have becomes MINDFUL about their emotions and handled them.
A loss is a tough thing to get over, and the bigger the loss, the tougher it gets.Almost all professional traders have a short-term memory, for them each trade is a random walk,hence they will mostly not have a overhang of a loss making trade they just did. In other words, the best traders only

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Grasim Indusind and ONGC Darvas Box Analysis

Grasim

Positional/Swing Traders can use the below mentioned levels

Close above 4094 Tgt 4181/4270

Intraday Traders can use the below mentioned levels

Buy above 4100  Tgt...

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Nifty gets resisted at gann arc, EOD Analysis

• FII's bought 22.5 K contract of Index Future worth 1328 cores ,17.4 K Long contract were added by FII's and 5.1 K short contracts were liquidated by FII's. Net Open Interest increased  by 12.3 K contract, so rise in Nifty market was used by FII's to enter  long and  exit shorts in  Index futures.Why Retail Traders lose money in Stock market
  

As discussed in last analysis   Now if we close above 7950/7972 range can see quick move towards 8100. Bearish only on close below 7850. High made today

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Bank Nifty continue with uptrend,EOD Analysis

•  As discussed in last analysis   Till 16000 is held bulls hope are alive for a move till 16500/16700 zone. Bank Nifty made high of 16386 and low of 16160. Till 16000 is held we can move towards 16500/16700.  Why Retail Traders lose money in Stock market

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Why Retail Traders lose money in Stock market

Most of Retail traders tend to think that the FII's have some sort of secret knowledge/system/Inside News  that enables them to make huge profit in trading. However, the difference between a retail traders trying to make consistent profit doubling tripling their money in matter of months and most of them are underfunded and a professional traders zeros down to the trading mindset and trading psychology. They work more on mastering their skills instead of focusing on making money.The difference between success and failure for a trader is wafer thin, Lets elaborate with an example
A relatively new retail trader is given a profitable trading system having a trading  strategy with proper stop loss and target and the trading system  delivers an average success rate of 60%. The retail trader is exited that he  has finally found something that will ensure his success. Over the course

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Adani SKS Micro and Biocon Swing Trading Analysis

Adani

Positional/Swing Traders can use the below mentioned levels

Close above 87 Tgt 87/89

Intraday Traders can use the below mentioned levels

Buy above 84.1  Tgt

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Nifty Bulls held on 7850, EOD Analysis

• FII's bought 10.6 K contract of Index Future worth 631 cores ,3.6 Long contract were added by FII's and 7 K short contracts were liquidated by FII's. Net Open Interest decreased  by 3.4 K contract, so rise in Nifty market was used by FII's to enter  long and  exit shorts in  Index futures.Do You Fear Missing Out?
  

As discussed in last analysis  Nifty closed just at 7850, Now we need to see 7950/7972 range closing above it will see market moving towards 8100/8250 as per gann analysis. Support at 7600. Low made was 7842 and close above 7914, also closed

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Bank Nifty held on 16000,EOD Analysis

 As discussed in last analysis   we had a 3 straight rising day so price will now move and touch the upper gann arc which comes in range of 16600-16700, Bulls should book some profit in range of 16650-16700 in coming week. Support is at 16000. Low made was 16011 and high made 16330. Till 16000 is held bulls hope are alive for a move till 16500/16700 zone.  Do You Fear Missing Out?

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Do You Fear Missing Out?

Regular readers are emailing me lately about the change to a longer-term Bull trend potentially, as Indian markets are rallying hard from the low made on 29 Feb at 6825 we almost have seen a 1000 point rise. The biggest aspect of trading is keeping your mindset stable so as not to Buy at the Top due to greed and not to Sell at the bottom due to fear. Today we discuss how to manage the feeling of missing out.

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Developing Self-Discipline in Trading

Having self-discipline in trading is  the ability to follow through your trading plan effortlessly without getting swayed away by news and views of other traders.

“The path of least resistance is what makes all rivers and some men crooked.”   – Napoleon Hill

Self-discipline is the ability to make the conscious choice (ultimately it becomes a habit) of doing the thing that will move you towards your trading goal – and sometimes it’s the hard or unnatural or unpopular thing to do.
In the trading game, you must have self-discipline.

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Arvind SRF and Voltas Trendline Analysis

Arvind

Positional/Swing Traders can use the below mentioned levels

Close above 280 Tgt 288/297

Intraday Traders can use the below mentioned levels

Buy above 277.5  Tgt

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Bank Nifty close above 16188 ,Weekly Forecast

Last Week we gave Chopad Level 15600 Bank Nifty gave Short Entry  on Monday did 1 target on downside low made was 15440 which was near our 1 Target of 15450, again gave long entry on Monday mid session and did all 3 target on upside by Monday, Lets analyze how to trade Bank Nifty in coming Week as we have only 4 trading days as 19 April is trading Holiday.

Bank Nifty Hourly

As discussed last week  Turned from channel resistance and did 16000. Now for coming week break of 15450 will see bank nifty going to 15250/15000 levels. Holding 15450 can lead to fast move till 15700/16000
Gann Circle is drawn above which suggests support

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Nifty near crucial gann price and time level of 7850,Weekly Forecast

Last Week we gave Chopad Levels  of 7546 , Nifty gave Short entry on Monday and got Stopped out on Monday and again gave Long Entry on Monday which did all 3 target by Wednesday. Last Week close was at a very crucial gann level of 7850 where we have price and time sqaure so if 7850 is held we can see a move towards 8100/8250 in coming weeks.  Lets analyses how to trade nifty in coming week as we have only 4 trading days as 19 April is trading Holidays.

Nifty Hourly Chart

Nifty hourly broke 135 degree on 11 April after giving whipsaw and than  saw a quick move towards 45 degree as shown above, Holding  7850 on Upside will

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Will Nifty break 7950/7972 resistance zone, EOD Analysis

• FII's bought 29.3 K contract of Index Future worth 1679 cores ,32.5 Long contract were added by FII's and 3.2 K short contracts were added by FII's. Net Open Interest increased  by 35.8 K contract, so rise in Nifty market was used by FII's to enter  long and  enter small shorts in  Index futures.RICH DENNIS: A GUNSLINGER NO MORE
  

As discussed in last analysis  As we have last trading day of the week tomorrow close above 7740 which is an important gann number will be bullish in short term and can make sure we break the important resistance zone of 7840-7850 next week, Nifty closed

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Bank Nifty gives breakout above 16000,EOD Analysis

 As discussed in last analysis   Till 15700 is held move towards 16100-16130 is very much possible, bearish only on close below 15500.  Bank Nifty touched the gann arc on 11 April where we have gann time analysis also suggesting big move possible and we had a 3 straight rising day so price will now move and touch the upper gann arc which comes

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RICH DENNIS: A GUNSLINGER NO MORE

The 1980s' superstar commodities trader, is now doing what his computer tells him
For years, Richard J. Dennis lived by his wits in the commodity markets--and quite a living it was. His knack for the quick kill made him an estimated $200 million in the 1980s and brought him fame unmatched by any other futures trader. Then his instincts failed him. By the early 1990s, having lost tens of millions for his customers, he quit the business. Now, he's trading again, with a difference.
Instead of acting directly on his thoughts, theories, and impulses, Dennis translates them into computer programs. When those bits and bytes align with market prices, the computer orders a trade. Under an agreement with a third-party broker who controls most of his customer funds, Dennis must follow the system. No matter what his gut tells him, discretion isn't allowed. So far, the deal has paid off: With a 111% gain in 1996, Dennis once again ranked among the world's top-performing commodity traders. ''The left side of my brain has put the right side out of business,'' the soft-spoken 48-year-old explains.
HUGE LOSSES. Dennis' transformation

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Do you know your Risk of Ruin in trading ?

As traders one of the most important but neglected topic is  Risk Management. If you want to become a consistent profitable trader risk management needs to be mastered upon.  It is what keeps us in the game as traders.
During my interaction with traders I am often surprised to find that many traders have no idea of what their Risks are. This involves Risk per trade, per day, per week/month and overall Risk of Ruin. Most traders are aware of Risk per trade or per day, however very few are familiar with Risk of Ruin.

What is Risk of Ruin?

Risk of ruin is a concept in gambling, insurance, and finance relating to the likelihood of losing all one's capital or impacting one's bankroll to the point that it cannot be recovered. For instance, if someone bets all their money on a simple coin toss, the risk of ruin is 50%. In a multiple-bet scenario, risk of ruin correlates with the number of bets, in which risk increases the longer one plays.
In Trading it refers to the amount of

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How to trade the Pin Bar Trade Set up

Technical analysis includes a broad array of technical indicators and ways to analyze price history, but one of the best kept secrets of technical analysis is a rather simple, but extremely powerful price action signal called the pin bar.  The pin bar was first coined by Martin Pring, a famous technician in his own right.  In the mid-2000’s, Pring wrote an excellent book entitled, Pring on Price Patterns, and in it Pring discusses the pin bar.
The pin bar formation is a price action reversal pattern that shows that a certain level or price point in the market was rejected.
The Pin Bar
Before we delve into discussion on how to trade a pin bar, let’s take a look at one:


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Secrets of Highly Profitable Traders Part-1

Highly profitable traders are not born, they are made. They do not rely on pure luck to make consistent earnings but on their calculated moves when trading in stocks/Forex/commodities.
Today lets discuss the Qualities of Top trader.
1. Discipline
Without discipline, none of the other qualities matter. It is possible for any trader to invest some money in a  account, enter their very first trade and make a high profit and repeat the process and make profits for a short duration of time.The story of most of retail trader, but what differentiate professional from retail trade is:
However, it is only a

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Breakout Stocks: CESC SHRIRAM and Wockphamra

CESC

Positional/Swing Traders can use the below mentioned levels

Close above 500 Tgt 521

Intraday Traders can use the below mentioned levels

Buy above 494  Tgt

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Will Nifty break 7740 and close above it,EOD Analysis

• FII's bought 2.4 K contract of Index Future worth 116 cores ,4.8 Long contract were liquidated by FII's and 7.3 K short contracts were liquidated by FII's. Net Open Interest increased  by 12.1 contract, so rise in Nifty market was used by FII's to exit long and  exit shorts in  Index futures.Build your Trading Confidence
  

As we have been discussing Move above 7684 will see fast move towards 7730/7777. High made today was 7717 almost 7730 done, As we have last trading day of the week tomorrow close above 7740 which is an important gann number

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Will Bank Nifty break 16000,EOD Analysis

As discussed in last analysis   Closing above 15704 suggesting we can see move towards 16100-16130 zone.  Low made today was 15794 and bank nifty continue to move higher. Till 15700 is held move towards 16100-16130 is very much possible, bearish only on close below 15500. We have 2 trading holidays after tomorrow close.  Developing Self-Discipline in Trading


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Developing Self-Discipline in Trading

Having self-discipline in trading is  the ability to follow through your trading plan effortlessly without getting swayed away by news and views of other traders.

“The path of least resistance is what makes all rivers and some men crooked.”   – Napoleon Hill

Self-discipline is the ability to make the conscious choice (ultimately it becomes a habit) of doing the thing that will move you towards your trading goal – and sometimes it’s the hard or unnatural or unpopular thing to do.
In the trading game, you must have self-discipline.

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VEDL UPL and Ashok Harmonic Analysis

VEDL

Positional/Swing Traders can use the below mentioned levels

Close above 91 Tgt 94/97

Intraday Traders can use the below mentioned levels

Buy above 91.2  Tgt

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Nifty bounces from demand zone,EOD Analysis

• FII's sold 371 contract of Index Future worth 28 cores ,685 Long contract were added by FII's and 1 K short contracts were added by FII's. Net Open Interest increased  by 371 contract, so rise in Nifty market was used by FII's to enter long and  enter shorts in  Index futures.Build your Trading Confidence
  

As we have been discussing Support is near 7546-7519 range and resistance around 7582/7684 so market can swing in both the levels for sometime before making the next major move. Nifty made low of 7516 reacted violently was up 100 points in matter of few

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Bank Nifty bounces from gann arc,EOD Analysis

•  As discussed in last analysis  Breakout above 15650 and breakdown below 15450, in between will remain choppy. Low made today 15440 near gann arc, as soon as its touched Bank Nifty reacted violently moving almost 200 points in matter of minutes and bank nifty broke above 15650, and closing above 15704 suggesting we can see move towards 16100-16130 zone.  Build your Trading Confidence

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Build your Trading Confidence

Confidence can be an important psychological tool for the trader – important enough to make the difference between a winning trade and a losing trade. When you develop your trading plan, it is obviously important that you have confidence in its accuracy and usefulness and in your belief that you can follow your plan closely and execute it successfully.  To explain the same let me give a recent example where we have been discussing on the importance of 7546 on

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Maruti Axis Bank and Just Dial Trendline Technical Analysis

Maruti

Positional/Swing Traders can use the below mentioned levels

Close above 3445 Tgt 3571

Intraday Traders can use the below mentioned levels

Buy above 3445 Tgt..

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Bank Nifty Weekly Forecast for 11-13 April

Last Week we gave Chopad Level 16200 Bank Nifty gave Short Entry  on Monday as close below chopad level of 16200 and did all 3 target on downside by Thuesday, Lets analyze how to trade Bank Nifty in coming Week as we have only 3 trading days as 14 and 15 are trading Holidays.

Bank Nifty Hourly

As discussed last week   Now for coming week 16350 needs to be watched as its channel top, crossing the same we are heading towards 16500/16900, else we will go down till 16000.
Turned from channel resistance

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Nifty Weekly Forecast for 11-13 April

Last Week we gave Chopad Levels  of 7740 , Nifty gave Long entry on Monday and got Stopped out on Tuesday at opening but gave Short entry  as Open was 7736 below chopad levels  and did all 3 target by Tuesday hence rewarding disciplined chopad levels . Lets analyses how to trade nifty in coming week as we have only 3 trading days as 14 and 15 are trading Holidays.

Nifty Hourly Chart

Nifty hourly broke 90 degree on RBI day saw a quick move twoards 135 degree as shown with arrows, Now consolidating around 135 degree, Break of 7570 on Upside

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Nifty Holds 7546 on Weekly Basis,EOD Analysis

• FII's sold 15.3 K contract of Index Future worth 897 cores ,6.2 K Long contract were liquidated by FII's and 9 K short contracts were added by FII's. Net Open Interest increased  by 2.8 K contract, so rise in Nifty market was used by FII's to exit  long and  enter shorts in  Index futures.Safest place for a ship is the harbour but it was never built to stay there....
  

As we have been discussing Support is near 7546-7519 range and resistance around 7582/7684 so market can swing in both the levels for sometime before making the next major move. Nifty made low of 7526 and High of 7570 suggesting trading in small range,

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Bank Nifty continue to struggles in Gann Arc,EOD Analysis

•  Bank Nifty today closed above 15550 but took support and resistance at gann arc as shown below, suggesting both bull and bears are in dilemma, Breakout above 15650 and breakdown below 15450, in between will remain choppy.  Safest place for a ship is the harbour but it was never built to stay there....

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Do you want to be "Perfect" in Trading

Raj  puts many hours into his trading in more ways than one.  He studies the charts. He has his trading Journal and has all data a trader need to analyze . He’s glued to the screen during market hours and analyzing his traders after market hours and doing proper homework.
Raj  is a hard worker; working hard is second nature to him.  He worked hard to get into the right college, earned a degree in engineering from IIT  and IIM and got his dream job.
The freedom to be his own boss is what brought Raj into trading. Master of his own destiny.
With all his hard work, Raj is..

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JSW Steel REC and LUPIN Darvas Box Analysis

JSW Steel

Positional/Swing Traders can use the below mentioned levels

Close above 1300 Tgt 1340/1364

Intraday Traders can use the below mentioned levels

Buy above 1300 Tgt..

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Will Nifty Hold support of 7582-7545,EOD Analysis

• FII's sold 13.1 K contract of Index Future worth 769 cores ,8.9 K Long contract were liquidated by FII's and 4.1  K short contracts were added by FII's. Net Open Interest decreased  by 4.7  K contract, so fall in Nifty market was used by FII's to exit  long and  enter shorts in  Index futures.The Confident Trader
  

7582/7546 should be watched in next 2 days, we have majot gann swing date on 07-08 april as per time analysis.  Now the support is near 7546-7519

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Will Bank Nifty hold gann arc for next 2 days,EOD Analysis

As discussed in Last Analysis We are at a very crucial junction for next 2 days, as we are near supply zone of 15700 and also near gann arc, Holding the same we will again bounce towards 16000/16300, break of same we will be going back towards 15300.  Bank Nifty today closed below the demand zone of 15700 but took support at gann arc as shown below, If we close below todays low of 15550 we can see fast move towards 15300/15250, else can see fast up move above 15700 towards 15950/16000.  The Confident Trader

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