Friday, April 29, 2016

BankNifty Trading 29 Apr 2016

BankNifty Trading 29 Apr 2016
Bank Nifty CMP :16775
Created long at this level with no definite target/time frame in mind.
Stop loss : 16547 (Continued trading)
Analysis:
Today structure of bank Nifty looks more promising than Nifty.It fall less in yesterdays fall.
Nifty CMP is at 7870 and its buy if it trades for some time above 7905-7910 range .
Mid term analysis  of bank nifty and Nifty :both are bullis as long Nifty is above 7770 and bank Nifty is above 16030-40 range.
Stops /Supports
Nifty : 7770-7810 range
Bank Nifty : 16480-16540
Update at 2;40 PM Stopped out and reentered longs in BankNifty
Created new longs in Nifty
Update : Exited long on 3rd may 2016  when Nifty dipped below 7770

Monday, April 25, 2016

Buying and selling levels of Nifty Bank Nifty 25 April 2016

Buying and selling levels of Nifty Bank Nifty 25 April 2016
All trades after 10.:30
Nifty CMP: 7896.75
Its buy above  7925
and its a sell below: 7865
On Friday,Nifty traded in narrow 50 point range so today break out or break down is higly probable .
Bank Nifty CMP :16713
Its a buy above  16850
and its sell below 16644.
Its also stuck in narrow range of 16550-16770.
Any price action outside this range is expected to continue in that direction

Friday, April 22, 2016

Nifty bank Nifty intraday Trading levels 22nd April 2016

Nifty bank Nifty intraday Trading levels 22nd April 2016
All trading after 10.30-11:30 AM only
Nifty CMP at 9:17 AM : 7894
Its a buy above: 7948
more risky buy is above 7925
Its a  sell below: 7835
Bank Nifty CMP:16598
Its a  buy above:16762
Its a sell below:16519.5
Medium term trend :: Nifty is buy on dips as long as it sustains above 7684.
bank nifty is also buy on dips as long as it trades above 16077
update at 10:53 : Created longs in Bank Nifty with medium term view
update at 3:10 PM Exited longs as markets seemed tired

Thursday, April 21, 2016

Nifty BankNifty intraday trading 21st April 2016

Nifty BankNifty intraday   trading 21st   April 2016
All the strategies are applicable after  after 11.30 AM only
 Nifty CMP : 7976.75
Nifty is buy above :7998 if sustains for 10-15 minutes
Nifty is sell below : 7910 if sustains for 10-15 minutes
No trade zone 7910-7998
more risky short is at  7935 (Updated CMP at 10:41 AM)
Bank Nifty
CMP : 16671.50
Buy level if trading above 16640  after 11:30 AM (if its much higher than the level then we will not buy )
Sell below : 16414
No trade zone : 16414-16640
Note : Bank Nifty has gaped above buy level .
For medium term both Nifty and Bank Nifty are bullish
Nifty is bullish till it remains  above  7980 in daily closing and Bank Nifty is bullish above 16068.So till those levels both are buy on dips
update :Shorted nifty at 7940 at 10:44

Wednesday, April 20, 2016

Nifty Bank Nifty Trading Strategy for 19th April 2016

Nifty Bank Nifty Trading Strategy for 19th April 2016
I will undertake these strategies only after 11.30 AM.if market  runs out or fall below the levels ,I will wait for pullbacks near points mentioned to initiate trade.if markets dont give me a chance,i will be happy standing on sidelines .
Nifty CMP : 7910.75
Buy above :7996.70
Sell below : 7903.34
No trade zone 7903-7996.70
Bank Nifty
CMP : 16246.80
Buy above : 16458.25
Sell below : 16140.75
No trade zone : 16140.75-16458.25

Lets see

Friday, April 8, 2016

Intraday Trading analysis for Nifty and bank Nifty 8th April 2016

Intra day Trading analysis for Nifty and bank Nifty 8th April 2016
Both Bank Nifty and Nifty have resumed downtrend and are now near  supports.
All the trading values are after 12 PM
Nifty: is buy above 7600 and is sell below 7485.
7485-7600 is no trade zone
Bank Nifty
Bank Nifty is buy above 15650 and is bearish below 15384
15384-15650 is no trade zone
Significant support is available for Nifty at 7525 and for Bank Nifty at 15463

Thursday, April 7, 2016

Nifty Bank Nifty for 7thApril 2016

Nifty Bank Nifty  for 7thApril 2016
Both nifty and bank Nifty are in no trade range for medium term .
But for intraday traders they may present an opportunity today.
After 12.30-1 PM if Nifty trades above 7660, it will be a buy
and sustain trading below 7590 will mean that its a sell for day
7590-7600 is no trade zone .
 After 12.30-1 PM  if Bank Nifty trades above 15765, it will be a buy  and it will be a sell below 15570
15570-15765 is no trade zone 
PS:Update at 10:15 Nifty near crucial support of 7525 may bounce back

Wednesday, April 6, 2016

Nifty and Sensex in congestion zone 6th April 2016

Nifty and Sensex in congestion zone  6th April 2016
Both nifty and Sensex are in congestion zone as Bulls and Bears are fighting to take control
Any Daily closing of Nifty below 7525 will  lead to resumption in downtrend.
A close above 7680 means the nifty is again looking Bullish.

For Sensex Bearish levels  is a close below 24715 whereas a close above 25275 will land it in bullish territory.
Summary : Nifty 7525-7680 and for Sensex 24715-25725 is congestion zone. Lessen or completely avoid trading in this zone.

Search This Blog