The reason why I mentioned trade today is one should enjoy trading intraday.
Don't guess tomorrow - Price is a subset of EVENT/NEWS + VOLUME, so we are not certain about the News/Events that flow into markets.
So keep guessing about tomorrow disturbs our sleep and peace of mind.
If you are trading in F&O, World's renowned statistician Steidlmayer mentioned that...
Mood is bullish. FIIs have been buying consistently since last four sessions and DIIs have bought heavily today too. So Nifty is looking bullish as compared to Banknifty. Nifty closed as a Doji candle with higher high and higher low and BNF finished as a red base like candle, also with higher high and higher low. I could not find any buying or selling areas in...
Bank nifty has come out of traingle pattern and has consolidated over the apex of the traingle.
FII money is getting pumped in which should propel markets higher.
Bank Nifty is a clear buy at these levels.
Those friends who have been following me for some time, know I use EMA on RSI for estimating the trend / direction of Nifty n Bank Nifty .
Many of you might have seen, (others may check my previous posts / ideas on this forum) where I have used this ( EMA on RSI ) as a effective system for determining trend.
The attached chart uses an EMA (Nine periods) over RSI...
Confidence is a very important factor in trading and single trade can increase it or reduce it.
Why I always stress on Breadth tools? And how different are they from traditional indicators?
1. Breadth tools don't take the price of the asset in the account
2. Breadth tools will help us to see important information like "Number of Stocks Moving on UP TICK" and...
Bullish above 28280 for the targets 28400, 28580, 28760, 29000 and 29200. Bearish below 27840 for the targets 27700, 27500, 27360, 27120, 27000 and 26860.
Always respect the levels......Market is volatile....always buy near support and sell near resistance with Strict SL
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In this video I have explained the entire Bank Nifty signal system.
Its Internal factors are also discussed by taking the underlying weightages and their allocations.
The spot Market volumes and their effects are also discussed.
Beta Adjusted VIX for BankNifty and its uses in OPTIONS trading are mentioned.
Please reach out to me in case of any questions.
Understanding TICK volume is very important and most of the professional traders use this information and build custom tools to trade Nifty and BankNifty . They spend a huge amount of money and time to build systems that are good at understanding the behaviour of other traders.
Reading the general public and traders interest is very important to be successful in...
Understanding TICK volume is very important and most of the professional traders use this information and build custom tools to trade Nifty and BankNifty. They spend a huge amount of money and time to build systems that are good at understanding the behaviour of other traders.
Reading the general public and traders interest is very important to be successful in...
Bank Nifty has broken out of traingle formation created last week with weak candle
formation.
Support is seen at 27960 levels , Any fall below this level can trigger a collapse to 27750 levels.
Need to watch out for 27960 levels and if support holds we can take a buy position.
HDFC Bank / icici bank / SBIN / Axis bank are at their support levels.
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