Thursday, October 20

KPIT Lupin PNB Price Time Square Analysis

KPIT

kpit

Positional Traders can use the below mentioned levels

Close above 141 Target 144/149

Intraday Traders can use the below mentioned levels

Buy above 139.4 Tgt



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Wednesday, October 19

Nifty Technical Trend Analysis

  • FII's sold 1.7 K contract of Index Future worth 111 cores ,0.6 K Long contract were liquidated by FII's and 1.1 K short contracts were added by FII's. Net Open Interest increased  by 0.5 K contract, so fall in market was used by FII's to exit long and enter  shorts  in  Index futures.  Why Trading is a mental game
 As discussed last Analysis   Now going forwards 8740-8750 range is very very crucial crossing the same Bulls can see move towards 8951-9000, Unable to cross another down move towards 8520. 8710-8732 is crucial range for bulls as its gann resistance  and


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Bank Nifty holds 19320, fails to close above 19500, EOD Analysis

As discussed in Last analysis  Till we are holding 19000 we can see move till 19318, momentum will come on close above 19318 for move till 19501/19732, Bears will get active below 19000 for a move till 18750. Low made today was 19162 and we did target of 19318 and momentum came above 19318 and did the target of 19501 as High made today was 19511.Big rise came today but we got early indication as 19000 was holding from past 2 days, Close above 19511 will see next move towards 19700. Trades 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. Today was classic day of resistance becoming support as bulls used 19318 as support and bounced back, but were unable to close above 19500 , suggesting till 19318 is held we can trade in range of 19320-19500

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BEL ITC I Bulls Technical Analysis

BEL

bel

 
Intraday Traders can use the below mentioned levels

Buy above 1285 Tgt 1292,


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Tuesday, October 18

Nifty rallies 150 points holding 8520,supported by gann time,EOD Analysis

fii
  • FII's sold 8.9 K contract of Index Future worth 729 cores ,0.9 K Long contract were liquidated by FII's and 7.9 K short contracts were added by FII's. Net Open Interest increased  by 7 K contract, so rise in market was used by FII's to exit long and enter  shorts  in  Index futures.  Why Trading is a mental game
 As discussed last Analysis   On Downside strong support in the range of 8448-8450.  Nifty made low of 8549.80 and range of 8500-8520 was protected, now bulls need a close above 8600 for a fast move till 8642/8663, Close above 8663 will give momentum to bulls for a fast move 8756/8800 Bear will get active below 8518 for target 8476/8448 . Nifty closed at 8520, border line of bulls and bears. Below 8520 we can see move till 8476/8448 and holding 8520 another attempt to break wall of resistance at 8600. Nifty closed

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