Sellers eye will be 11880-11925, though I have posted an update that nifty target is this range.
Next week, I am expecting a very high volatile with 350-200 points negative move. Be careful with the long and +ve thinker of the market.
The Market is going open positive today.
Asian shares were subdued on Thursday after a negative performance on Wall Street.
US...
NSE:BANKNIFTY
Bank Nifty is losing momentum, elections are going to pay a major roll so keep a look out for poll predictions may cause market volatility.
Possible Trades when BN index touches the levels marked in the chart
Sell BN 31000 CE + Buy 31500 CE May Monthly Contract
Short BN Future May Contract + Buy 2 CE (0.34 Delta) May Monthly Contract
Well Nifty has approached a monthly trend-line resistance. Maybe it will consolidate here for sometimes and then it will start tumbling down. There has been a negative divergence too on daily as well as monthly chart for 3 consecutive peaks respectively. so just observe yourselves and take your trades very cautiously on long side as volume is also declining.
Trading with an indicator is not about getting buy signals but also about getting to know the right ENTRY and Exit levels.
As you can see in the above chart our indicator not only gave the right entry levels but also gave precise counter signal to close a trade when the market was moving side ways.
The algo for the indicator is developed in such a manner that it...
Price action remains bullish as long as it holds the level 29850 - 29900 for the targets 30200, 30450, 30820 and 30980. Bearish below 29850 for the targets 29600, 29360, 29080 and 28740.
We had long bull run last week. This bullish trend will sustain as long as it holds 29180 for the targets 29560, 29720 and 29920. Once price breaks 29180, it will fall towards 29000, 28780, 28640 and 28420.
My last post was perfectly followed by NIFTY. I have expected a gap up and continue moving upside.
Nifty is near the resistance and attraction of sellers. as mentioned in the chart,
Sellers eye will be 11880-11925, though I have posted an update that nifty target is this range.
I also told you to buy TATAMOTORS strike price of 220 @ 10.1 and targets are given...
Price action is bullish as long as it holds 11620 - 11650 for the targets 11690, 11730, 11780 and 11840. Bearish below 11620 for the targets 11580, 11520, 11460 and 11400.
Its said, "the only thing you can control is you". Most of the newbie traders get frustrated, angry when their expectations are not met in the outcome of their trades.
Market movement + your actions = profit or loss.
Nobody can control the movement of markets, but its in your power how to trade. When people lose money in trading they tend to blame others. "Others"...
Did you note that I have mentioned in last update, CHOPPY, SIDE-WAY trading? You know exactly Nifty and BankNifty doing what we expect from technical analysis. My Goal is for you to be accurate and make judgment perfectly based on pure technical analysis.
Look at the chart, written by me the title of the chart is the SMALLER VALUE area, we have a bigger value...
Though nify price is rotating in a tight range, yet any resistance from above can play an important role for the seller.
Last Friday, I suggest buying BANK NIFTY PUT of strike price 29500, 39-43 for target...
I suggest sell NIFTY above the value high and buy below value below. As per this statement, green drew "control price" will be a target for a seller and...
The charm of my system is that it sensed the breakout atleast 10 minutes in advance and offered me enough of time to close overnight shorts and open long positions.
These charts which i share are for my own records and no where i intend to let down other members here who are promoting their own indicators, to be honest as if of today i dont even have any plan to...
Stock Indices use a portfolio of representative companies (usually spanning major industries) to reflect the status of the whole stock market. There are basically three kinds: global, regional and national. Global indices include companies regardless of where they are traded. Regional indices include companies from a certain region and national indices include companies from a specific nation. Stock Indices are used to get an indication of the market's overall direction. Some analysts use them as a barometer of the underlying economy.
Indices can be comprised of tens to hundreds of stocks and each index calculates the weighted average differently. Some weigh the stocks equally (equal weighting), others take company size into account (capitalization weighting) and others use a hybrid method (modified capitalization weighting). Stock Indices are tradable entities themselves. A currency index is a measure of the value of a specific currency relative to other select currencies. Indices like the US Dollar Index or the Euro Currency Index are used to gauge the strength of those respective currencies.
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