Tuesday, October 6

Bank Nifty reacts from Supply zone, EOD Analysis for 07 Oct

  • As disused  in Yesterday Analysis  Now 17819/17831 needs to be observed closely as its gann trendline resistance as shown in 2 chart,  crossing the same we can see move back to 18200 unable to close above 17831 can see pullback to 17400/17200 in coming days. High made today was 17827 and low made 17493, as Bank nifty respected the demand and supply area,Any break below todays low can see bank nifty moving towards 17201/16900 in short term and closing above 17831 we can move towards 18000/18100 in short term.
Supply Demand


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Stock Market from Six Blind men perceptive

Lets try to correlate Stock market with one of the famous childhood story of SIX Blind men and  Elephant, Story goes something like this
Once upon a time, there were Six blind man. Once They heard someone talking about elephant which make then curious what exactly is an Elephant. To satiate themselves they took a trip in city and with a help of a friend of them found an elephant. Now each man walked one by one towards the elephant to get a feel of it by touching and understating what exactly an elephant looks like.
  1. First man walked straight and touched its Head and declared elephant as a strong wall.
  2. Second man touched the Tusk and declared elephant as a Sharp piercing object like Spear.
  3. Third man touched the trunk of elephant and declared elephant as a Rope
  4. Fourth man touched the elephant leg and declared it like a Tree.
  5. Fifth man touched

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Ashok Leyland,Rel Infra and Mind tree Darvas Box Analysis

Ashok Leyland

Ashok Leyland

Positional/Swing Traders can use the below mentioned levels

 Unable to Close above 97 Tgt 92/89/84

 
Intraday Traders can use the below mentioned levels

Buy above 96 Tgt..


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Monday, October 5

Nifty trades near 50 SMA,FII FnO Data Analysis

FII
  • FII's bought 83.6 K contract of Index Future worth 1626 cores ,83.6 K Long contract were added by FII's and 21.6 K  short contracts  were added  by FII's. Net Open Interest increased  by 105  K contract, so today's rise in market was used by FII's to enter  long and   shorts in  Index futures How to Survive a Trading Loss ?
Nifty opened with gap above 7958 and  low was not broken and closed above the demand zone of 7958 and 8091. Now the next important zone of


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Bank Nifty gives breakout,EOD Analysis for 06 Oct

  • As disused  in Weekly Analysis , Bank Nifty ready for big move,  gann date of 05 Oct also showed effect  and bank nifty jumped 500 points and just closed above the ,Breakout area 17652.  Now 17819/17831 needs to be observed closely as its gann trendline resistance as shown in 2 chart,  crossing the same we can see move back to 18200 unable to close above 17831 can see pullback to 17400/17200 in coming days.How to Survive a Trading Loss ?
Support

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