Reliance Canara Bank Cipla Supply and Demand Analysis

[ Thursday, August 25 | 0 comments ]

Reliance

RIL


Intraday Traders can use the below mentioned levels

Buy above 1021 Tgt



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Will Nifty end the Dull August Expiry on explosive note ?

[ Wednesday, August 24 | 0 comments ]
FII
  • FII's sold 4.3 K contract of Index Future worth 254 cores ,3.5 K Long contract were added by FII's and 7.8 K short contracts were added by FII's. Net Open Interest increased  by 11.4  K contract, so rise in market was used by FII's to enter long and enter shorts  in  Index futures. Bitter Truth about Trading
 As discussed in Yesterday Analysis    Now Bulls need to close above the range of 8711 for next move towards 8779-8800-8851. Bears will get active on close below 8484 only.  Its been 22 days we have traded in range of 204 points 8517-8721, suggesting market is seeing time correction frustrating traders and hitting SL, traders who survive  this phase by applying risk and money management are rewarded handsomely in the next move .Low made today was 8580 near our important gann level of 8577  which we have discussed many time in our past analysis and also formed hammer candlestick near gann trendline as shown below. High

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Bank Nifty ready for impulsive move, EOD Analysis

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As discussed in Last analysis  Bulls need close above 19367  for target of 19650/19766, Bears below 19000 for target of 18800/18500. Till 19158 is not broken its buy on dips market. As discussed before 23-24 very important date for trend change, today we saw a fast move in closing hours which suggests trend change can happen if we close above 19367 tomorrow.Low made was 19284 near the gann vertical line as seen in below chart, High near 19392, Bank Nifty bears unable to break 19158 and Bulls were unable to close above 19367 suggesting fight is on in between both of them, Bulls need a close above 19367 and bears below  19158.Price are near the gann vertical line as shown in below chart suggesting impulsive move is round the corner.  Bitter Truth about Trading


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Bitter Truth about Trading

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1. Expect the Unexpected
24 Aug 2015 just 1 year before, Nifty saw the highest fall closing down by 491 point and well below 8000. And Now we are trading close to 52 week high and around 6% down from Life high of 9119 . This August 2015 we have not even moved 1% from last 21 trading sessions. 24 June we made low of 7927 and now we are trading near 8600.  Expect it  No matter how much effort you put in your analysis, you still won’t have a hundred percent accurate idea of where the market is headed. There’s always the chance market will surprise you. Thats the reason as trader we should have a strong risk and money management, to pass through such unforeseen events.
My Guru used to tell me Your
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Nifty Bulls again protect 8577, EOD Analysis

[ Tuesday, August 23 | 0 comments ]
FII
  • FII's sold 10.1 K contract of Index Future worth 631 cores ,7.3 K Long contract were added by FII's and 17.4  K short contracts were added by FII's. Net Open Interest increased  by 24.7  K contract, so rise in market was used by FII's to enter long and enter shorts  in  Index futures. Are you Addicted to trading ?
 As discussed in Yesterday Analysis    Now Bulls need to close above the range of 8711 for next move towards 8779-8800-8851. Bears will get active on close below 8484 only.  Its been 21 days we have traded in range of 204 points 8517-8721, suggesting market is seeing time correction frustrating traders and hitting SL, traders who survive  this phase by applying risk and money management are rewarded handsomely in the next move . High made today was


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