Nifty ready for trending move, EOD Analysis

• FII's sold 1 K contract of Index Future worth 78 cores ,9.9 K Long contract were added by FII's and 10.9 K Short contracts were added by FII's. Net Open Interest increased  by 20.8 K contract, so rise in market was used by FII's to enter long and enter short in  Index futures. Money is a Lot Like Water

As discussed in last analysis  Low made was 9390.75 exactly the level we were expecting also shown in below chart and than we saw a small pullback till 9435 which can get extended to 9500/9530/9575 till 9390 is protected on downside. High made today was 9498 so bulls did the 1 tgt of 9500 above 9390, till 9390 is held bulls can see move till 9500/9530/9575. Bearish below 9390 for a move towards 9320/9270. Expect a good move in next 2 days.

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Bank Nifty Bulls Bear in tug of war at gann angle

As discussed in Last Analysis   Bulls above 22800 can see next move towards 22940/23110. Bearish below 22600 only, As per time analysis expect a trending move in next 2 days. Bank Nifty opened gap up above 20800 and made high of 22918 not giving opportunity to bulls to enter, bears also were not able to break 20600 near the gann angle support so we remain in the range. Bears below 20600 can push bank nifty towards 20450/20300. Bullish above 22740 for a move towards 22900/23110.   Money is a Lot Like Water

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Bank Nifty Weekly Forecast for 22-26 May

Last Week we gave Chopad Level 22720 Bank Nifty gave long entry on Monday which did the 2 chopad target high made was 22979 and our target of 22980, Shorts on 18 were stopped out. Lets see how to trade bank nifty in coming week.

Bank Nifty Hourly

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Nifty Weekly Forecast for 22-26 May

Last Week we gave Chopad Levels  of 9407,  Nifty gave long on Monday which made high of 9532 by Wednesday near our Chopad Target  thus rewarding disciplined Chopad  Traders,Also the 100 point fall we saw on 18 May was on Gann Turn date as we discussed. Lets see how to trade in coming week as…


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Bank Nifty continue to hold gann angle in volatile move

As discussed in Last Analysis   Low made today was 22660 and close was at 22700 so bulls were able to hold the low of gann angles, holding the same we can bounce back towards 22820/22940/23110. Bearish below 22600 for a move towards 22500/22350. Bank Nifty made high of 22900 doing our target as discussed. Also Low made was 22628, so bulls were able to protect 22600 and close above 22700 suggesting bulls are still in game as bank nifty holding on to gann angles, Bulls above 22800 can see next move towards 22940/23110. Bearish below 22600 only, As per time analysis expect a trending move in next 2 days. Money is a Lot Like Water

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