Monday, September 18

Nifty make fresh life high, holding 10030

  • FII's sold 2.2 K contract of Index Future worth 197 cores ,1.4 K Long contract were added by FII's and 3.6 K Short contracts were added by FII's. Net Open Interest increased  by 5.1 K contract, so rise in market was used by FII's to enter long and enter short in  Index futures. FII's Long to Short Ratio at 1.35. Daring greatly requires worthiness
  • As discussed in last analysis   Nifty made another failed attempt to make new high as high made was 10127 but still 10030 was held as price is near gann angle for last few days big move is on the cards. till we are holding 10030 another attempt will be made towards new life highs and ultimate move towards 10250 which is an important gann resistance,  Bearish below 10030 for a move towards 9970/9930/9870. So Finally we crossed the new life high with a gap up,
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Bank Nifty Bounces above 25000, Holding Gann Level

As discussed in Last Analysis Low made was 24791 so bulls continue to hold 24788 even though we had geo political concerns, Till 24788 is held another attempt will be made to reach 25000/25200.Bearish below 24480 for a move towards 24336/24180/24000. Bank Nifty held to 24788 and today was saw a 200 points bounceback and move back above 25000, Bulls need to hold 25000 for a move towards 25200 new life high and move towards 25281/25532. Daring greatly requires worthiness

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Sunday, September 17

Bank Nifty Weekly Forecast for 18-22 Sep

Last Week we gave Chopad Level 24480  Bank Nifty opened above the chopad level, Hence chopad followers were unable to take trade. Lets see How to trade Nifty in coming week as we approach the crucial trend change date of 23 Sep. Last Week time cycle of 18 Sep did give a good trade.



Bank Nifty Harmonic Pattern


25000-25050 is crucial zone for bank nifty

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Nifty Weekly Forecast for 18-22 Sep

Last Week we gave Chopad Levels  of 9911,  Nifty opened above the chopad level, Hence chopad followers were unable to take trade. Lets see How to trade Nifty in coming week as we approach the crucial trend change date of 23 Sep. Last Week time cycle of 18 Sep did give a good trade.


Nifty Harmonic



Nifty was able to cross and close above

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Saturday, September 16

Nifty Bulls make another failed attempt to close above 10100


  • FII's bought 1.5  K contract of Index Future worth 133 cores ,2.3 K Long contract were added by FII's and 868 Short contracts were added by FII's. Net Open Interest increased  by 3.2 K contract, so rise in market was used by FII's to enter long and enter short in  Index futures. FII's Long to Short Ratio at 1.38. Daring greatly requires worthiness
  • As discussed in last analysis   Nifty made another failed attempt to make new high as high made was 10127 but still 10030 was held as price is near gann angle for last few days big move is on the cards. till we are holding

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