Bank Nifty Indicator based on MoneyFlow_Min 40 to 50 pts gainHello Fellow Traders,
During these highly volatile times(due to corona), We doesn't know what direction the market moves.
We highly expect it to move downwards, but to our surprise, it may move upside, which has happened TODAY.
Thus, trading should not be a guessing game. It has to be based on the overall market sentiments. How the overall trading community is thinking, that's what makes the movement of the Index.
This tool caters to the same purpose. It analyses the market sentiments and provides indications according to that, ELIMINATING OUR OWN SPECULATIVE BIAS.
Based on today's indications, a profit of 40 to 50 points on BankNifty can be easily achieved through this tool.
Happy Trading!
P.S: Its an intraday tool. All the positions has to be closed before market close.
NSE:BANKNIFTY
Bankniftysupertrader
BANKNIFTY Indication Tool - Accurately Predicted today's moveHello Fellow Traders,
I have created a trading strategy on BankNifty based on Market Internals - Advance/Decline Volume and TICK
These Market Internals, also known as Breadth Tools helps in identifying the overall market sentiment.
Just doing some technical analysis on Price action doesn't provide good results.
Price action along with Volume gives a meaningful insight.
But simple VOLUME information is not sufficient to take a directional view on the markets. A segmentation of POSITIVE and NEGATIVE volume gives a clear picture of the symbol movement.
We can get the volume information FOR ANY STOCKS anywhere. But, VOLUME INFORMATION FOR AN INDEX ALONG WITH POSITIVE AND NEGATIVE VOLUMES are not available in normal trading platforms. We need to construct the VOLUME based on the underlying stocks(12 stocks for BankNifty). And this tool provides the exact feature.
In a nutshell,
1) THIS TOOL PROVIDES BUY/SELL INDICATIONS on the BANKNIFTY based on the underlying stocks' PRICE AND VOLUME
2) THE VOLUME INFORMATION IS BIFURCATED INTO POSITIVE AND NEGATIVE VOLUME, WHICH HELPS IN DECIDING THE MARKET DIRECTION.
This post is for today's market movements and the tool has predicted the right direction and it has helped in achieving a MINIMUM PROFIT OF 150 POINTS on BANKNIFTY.
BANKNIFTY
Happy Trading!
BANK NIFTY: WEEK-TECH-SHEET->05th August 2019 to 09th August 201ghstocktrading.webnode.com
BANK NIFTY: WEEK-TECH-SHEET->05th August 2019 to 09th August 2019
Bank nifty moves around +1213.25 pips from 05th August 2019 to 09th August 2019, in which bank nifty break last week 29th July 2019 to 02nd August 2019 bottom 27936.35.
BANKNIFTY | Bear FlagBANKNIFTY breaks down after a short period of consolidation. Apparently, price action is showing a Bear Flag pattern, which is confirmed with a close below 30,530. Target of the pattern comes in at 29,330.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)