Bank Nifty continue to hold 21000, EOD Analysis

As discussed in Last Analysis   We are also approaching the gann angle support so if 21000-21040 range is held we can again see a bounce back. Long can be taken in the range of 21040-21000 range if and when it comes for a move towards 21200/20300. Breakout on close above 21300 for a move towards 21450/21500. Bearish below 21000 for a move towards 20800/20600. Big move can be seen in next 2 days as per time cycle. Bank Nifty broke 21000 today made low of of 20967 but closed above 21000 thus whipsawing traders who took short trades. Close is above 21000 and also near gann angles suggesting big move round the corner. Longs can be taken near 21000 for a move till 21120/21220. Breakout only  on close above 21300. Bearish below 20950 for a move till 20850. Range of 20850-20880 is important demand zone once 21000 is broken.  Trade Outside Your Comfort Zone

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Trade Outside Your Comfort Zone

Whenever someone’s perception departs from their expectations, their heart rate inevitably rises – some people handle deviations better than others, but everyone ultimately has a breaking point. We have  always stressed that Trading is doing the same thing again and again , deliberate practice and repetition enables you to work on your trading flaws and determine what…


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Nifty ready for trending move ,EOD Analysis

• FII's bought 11.2 K contract of Index Future worth 776 cores , 5.4 K Long contract were added by FII's and 5.8 K Short contracts were liquidated by FII's. Net Open Interest decreased  by 326 contract, so fall in market was used by FII's to enter long and exit short in  Index futures. The Black Belt Story

As discussed in last analysis  Now BUlls need to protect 9077 -9050 range for this upmove to continue towards 9300/9368. Bearish below 9000 only in between range trade continues. Nifty has taken support near gann arc and also near the gann angles and closed near 9130 levels,suggesting if 9100 level is held we can see upmove towards 9200/9250.

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Bank Nifty near Gann Support, Will it bounce or breakdown ?

As discussed in Last Analysis  Long above 21300 for a move towards 21450/21500. Bearish below 21000 for a move towards 20800/20600. High made today was 21202 and low made was 21084 so we continue to trade in the range, We are also approaching the gann angle support so if 21000-21040 range is held we can again see a bounce back. Long can be taken in the range of 21040-21000 range if and when it comes for a move towards 20200/20300. Breakout on close above 21300 for a move towards 21450/21500. Bearish below 21000 for a move towards 20800/20600. Big move can be seen in next 2 days as per time cycle. The Black Belt Story

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Reliance Bharti Airtel IB Housing Trendline Analysis

Reliance

Positional Traders can use the below mentioned levels

Close above 1302 Target 1333/1356

Intraday Traders can use the below mentioned levels

Buy above 1306 Tgt

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