Nifty EOD Analysis before Dec RBI Policy

• FII's bought 3.6 K contract of Index Future worth 215 cores ,2.2 K Long contract were added by FII's and 1.4 K short contracts were liquidated by FII's. Net Open Interest increased  by 0.07K contract, so rise in market was used by FII's to enter long and exit shorts  in  Index futures. Why Traders are unable to Follow Your Trading Plan

As discussed in last analysis  Now Holding above 8130 bulls will made a move towards 8200/8250. Big Bullish momentum will come above 8250 for a move towards 8370/8444. Bears will become active below 8031 for a move towards 7972/7916. Low made today was 8130

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Bank Nifty EOD Analysis before Dec RBI Policy

• Bank Nifty continue to trade near the gann angle and in range of 18200-18700, this range should get broken once the RBI Credit Policy will be declared on 07 Dec. Traders should watch for break of 18700 on upside for a target of 19000/19300. Bears will get active below 18150 for a move towards 17800/17750. In Between choppy move will continue in range of 19200-19700.  RBI Policy will be declared tomorrow at 2:30 PM  Why Traders are unable to Follow Your Trading Plan
  

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Nifty trade above 8100 heading towards 8250,EOD Analysis

• FII's sold 1.4 K contract of Index Future worth 178 cores ,0.9 K Long contract were liquidated by FII's and 0.05 K short contracts were liquidated by FII's. Net Open Interest increased  by 0.03 K contract, so rise in market was used by FII's to exit long and exit shorts  in  Index futures. Why Traders are unable to Follow Your Trading Plan

As discussed in last analysis Now Bulls need a close above 8250 for a move towards 8318/8444. Bears will get active below 8140 for a move towards 8080/8050. Low made today was 8056 so bears did the target on downside. Now Holding above 8130 bulls will made

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Bank Nifty continue to hold gann support zone,EOD Analysis

• Bank Nifty continue to trade near the gann angle and in range of 18200-18700, this range should get broken once the RBI Credit Policy will be declared on 07 Dec. Traders should watch for break of 18700 on upside for a target of 19000/19300. Bears will get active below 18150 for a move towards 17800/17750. In Between choppy move will continue in range of 19200-19700.   Why Traders are unable to Follow Your Trading Plan
  

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Weekly view: Nifty forms gravestone doji ahead of RBI Policy

Last Week we gave Chopad Levels  of 8071, Nifty gave Long entry on Monday  and did the 2 target on upside  so disciplined Chopad Followers were rewarded again by Market.  Lets analyze how to trade nifty in coming week as RBI policy will be held on 07 Dec

Nifty Hourly Chart

As discussed in last analysis    Coming week 8100 will play crucial role above which nifty can see bounce till 8175/8220.

8250 done, Now for coning

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