Monday, February 20
Sunday, February 19
Bank Nifty Weekly Forecast for Feb Expiry
Last Week we gave Chopad Level 20309 Bank
Nifty gave Short Entry on Monday High made was exact 18309 and did 1
target on downside, Long also got triggered on Wednesday which got
stopped out. Lets analyze how to trade Bank Nifty in coming Expiry Week.
As discussed in last analysis Bank Nifty is
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Bank Nifty Hourly
As discussed in last analysis Bank Nifty is
Nifty Weekly Forecast for Feb Expiry
Last Week we gave Chopad Levels of 8840, Nifty
gave Short Entry on Friday but no target was achieved. Another Week
of consolidation after a massive rally of 1000 points in less than 2
months. Lets Analyze how to trade Nifty in the expiry week.
Hourly chart keep bouncing from the channel bottom as happened in 2 instances in last 2 weeks as shown in above chart ,Now Bulls need a close above 8840 for a move towards 8888/8969/9100.
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Nifty Hourly Chart
Hourly chart keep bouncing from the channel bottom as happened in 2 instances in last 2 weeks as shown in above chart ,Now Bulls need a close above 8840 for a move towards 8888/8969/9100.
Nifty Harmonic
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Bank Nifty hit life highs holding 20000,EOD Analysis
As discussed in Last Analysis
Its been 9 trading days we are stuck in gann arc, Plan remains the same
long above 20350 for a move till 20500/20750. Bearish below 20000 for a
move till 19794/19500. Bank Nifty opened gap up and hit the
life time high but as it opened open 20500 so trades who were waiting
for break of 20350 missed the gap up but as did not break 20000 so most
of readers were not short and protected there capital, Money saved is
money earned. Now as we closed above 20500 we can see another move
towards 20750/21000. Bearish below 20350 for a move towards
20150/20000. As seen in below Gann Angles chart the whole move from the
low of 17600 till 21000 was captured, Thats beauty of gann keeps you
ahead of the curve . Recency Bias and Its Influence in Trading
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Saturday, February 18
Hope, Fear and Knowledge
When a great Sufi mystic, Hassan, was dying, somebody asked, ‘Hassan, who was your Master?’
He said, ‘Now it is too late to ask. Time is short, I am dying.’ But the inquirer asked, ‘You can simply say the name. You are still alive, you are still breathing and talking, you can simply tell me the name.’
He said, ‘It will be difficult because I had thousands of Masters. If I just relate their names it will take months and years. It is too late. But three Masters I will certainly tell you about.
‘One was a thief. Once I got lost in the desert, and when I reached the village it was very late. Half the night was already gone; shops were closed, caravanserais were closed. There was not a single human being on the roads. I searched for somebody to inquire of. I found one man who was trying to make a hole in the wall of a house. I asked him where I could stay, and he said, “I am a thief, and you look like a Sufi mystic to me.”‘ His robe, his aura. ‘And the thief said, “Right now it will be very difficult to find any place
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He said, ‘Now it is too late to ask. Time is short, I am dying.’ But the inquirer asked, ‘You can simply say the name. You are still alive, you are still breathing and talking, you can simply tell me the name.’
He said, ‘It will be difficult because I had thousands of Masters. If I just relate their names it will take months and years. It is too late. But three Masters I will certainly tell you about.
‘One was a thief. Once I got lost in the desert, and when I reached the village it was very late. Half the night was already gone; shops were closed, caravanserais were closed. There was not a single human being on the roads. I searched for somebody to inquire of. I found one man who was trying to make a hole in the wall of a house. I asked him where I could stay, and he said, “I am a thief, and you look like a Sufi mystic to me.”‘ His robe, his aura. ‘And the thief said, “Right now it will be very difficult to find any place