Nifty getting ready for range breakout,EOD Analysis

• FII's sold 3.6 K contract of Index Future worth 209 cores ,63 Long contract were added by FII's and 3.6 K Short contracts were added by FII's. Net Open Interest increased  by 3.7 K contract, so rise in market was used by FII's to enter long and enter shorts  in  Index futures. Making Overnight Money via Trading

As discussed in last analysis   Bulls unable to break 8460 and bear 8370 and yo-yo move continue within the small range of 90 points, Bulls need close above 8460 for move towards 8500/8555. Bear below 8370 for move towards 8328/8280. High made today was 8445 so gann resistance zone continue to play its pivotal role as shown in below chart, low was 8404 so

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Bank Nifty holds on to 19100,EOD Analysis

As discussed in Last Analysis   Bank Nifty finally closed above 19100 suggesting bulls are in control and we can see move till 19420/19600. Bearish only on close below 18967. Low made today was 19046 so bulls are protecting 18967 and also for 2 day closing above 19100 suggesting they are having upper hand but need to move fast from this zone  towards 19400/19600 else as soon as prices starts trading below 18967 bears will show an impulsive decline towards 18740/18500.  How to Become a Successful Trader in Stock Market

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How to Become a Successful Trader in Stock Market

 If you want to be a consistent profitable trader  in the long run there are THREE elements of trading that you must have in place.These THREE elements which we will discuss are like 3 chairs of stool if you do not follow anyone of them you are bound to fail.

 

• A Robust Backtestested and Trusted trading System

You must trade a WINNING trading method: Your trading system must be valid and profitable through past markets. The best way to win in the markets is to have a method that identifies potential trends and gives you entries and

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Nifty continues to trade in range of 8460-8370,EOD Analysis

• FII's sold 13.4 K contract of Index Future worth 895 cores ,5.8 K Long contract were added by FII's and 19.3 K Short contracts were added by FII's. Net Open Interest increased  by 25.2 K contract, so rise in market was used by FII's to enter long and enter shorts  in  Index futures. Making Overnight Money via Trading

As discussed in last analysis   Bulls unable to break 8460 and bear 8370 and yo-yo move continue within the small range of 90 points, Bulls need close above 8460 for move towards 8500/8555. Bear below 8370 for move towards 8328/8280. High made today was 8460 so gann resistance zone continue to play its pivotal role as shown in below chart, low was 8397 so still the range trade continues

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Bank Nifty close above 19100,EOD Analysis

• As discussed in Last Analysis   Bulls need a close 19100 for a move towards 19400 and Bears below 18950 can see move towards 18800/18750 Bank Nifty finally closed above 19100 suggesting bulls are in control and we can see move till 19420/19600. Bearish only on close below 18967.  Making Overnight Money via Trading
  

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