Nifty Technical Analysis for Feb Expiry

• FII's sold 3.9 K contract of Index Future worth 272 cores , 10.1 K Long contract were added by FII's and 14 K short contracts were added by FII's. Net Open Interest increased  by 24.1 K contract, so rise in market was used by FII's to enter long and enter short in  Index futures. The Role of Regret in Trading

As discussed in last analysis   Bulls now need a close above 8910 as its the gann angle resistance as shown in below chart, closing above it Nifty can move towards 8981/9050/9120. Range of 8900-9000 is again supply zone as nifty so move will be slow and time confusing, more time spent around this range better for market for the next leg of upmove. Bearish only on close below 8788 for a move towards 8720/8681. High made today was 8960 near our target of 8981 and closed above 8910 suggesting another attempt will be made to break the range of 8981 for next move towards 9050/9120. As the market moves higher

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Bank Nifty Technical Analysis for Feb Expiry

As discussed in Last Analysis   20750 done today so traders who missed the big gap up on Friday were able to enter when bank nifty came down and are rewarded more than 400 points in 2 days for there patience,Waiting for the trade to come is the art every trader need to develop to be successful.  As we have closed well above 20750 we are heading towards 21080-21100 where resistance comes as per gann angles shown below, Bearish only on close below 20450 for a move towards 20333/20150.  High made today was 20958 so still we are not able to do our target of 21000-21100, Till 20750 is held we will be able to achieve the target. Bulls need a close above the green arc for the impulsive move to happen. Bearish only on close below 20500.  The Role of Regret in Trading


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Mcdowell Jet Airways Marico Time Analysis

Mcdowell

 

Intraday Traders can use the below mentioned levels

Buy above 2430 Tgt

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Nifty does 8900 holding 8840, EOD Analysis

FII’s sold 14.1 K contract of Index Future worth 1017 cores , 8.5 K Long contract were added by FII’s and 22.6 K short contracts were added by FII’s. Net Open Interest increased  by 31.1 K contract, so rise in market was used by FII’s to exit long and enter short in  Index futures. The Role…


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Bank Nifty rally 400 points from gann support,EOD Analysis

As discussed in Last Analysis   Now as we closed above 20500 we can see another move towards 20750/21000. Bearish below 20350  for a move towards 20150/20000. Low made today was 20472 and high made was 20702 so bank nifty is moving towards target of 20750. Any close above 20750 can see move towards 21000 and…


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