Posts

Mighty Nifty & BN - Weekly Review Apr 25 - Apr 29

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First we will see about nifty. Price is @ trend line support now. Bullish above 17200 for the targets 17240,17280,17320 and 17380. Bearish below 17150 for the targets 17110,17060,17020, 16980, 16920 and 16880. All are spot prices. Banknifty has formed a descending triangle. Bullish above 36060 for the targets 36200,36380, 36500,36720, 36940, 37020 and 37200. Bearish below 35960 for the targets 35800, 35640, 35480, 35300, 35140, 35020 and 34880.. Spot prices.

Mighty Nifty & BN - Weekly Review Apr 18 - Apr 22

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 Hey guys, sorry for not updating the analysis for few weeks. Now Russia - Ukaraine war tensions are reducing and market is not much volatile. We got so many good movement from market recently. Hope you all have made use of it.  Now we will see about Nifty. Bullish above 17520 for the targets 17560, 17600, 17640, 17680 and 17720. Bearish below 17480 for the targets 17420, 17380, 17340, 17280, 17240 and 17200. 17000 will act as a strong support if nifty falls below 17200.  Next we will see about bank nifty. Bullish above 37360 for the targets 37480, 37600, 37740, 37880, 37900, 38020, 38200 and 38340. Bearish below 37260 for the targets 37100, 37000, 36860, 36700, 36540, 36400, 36260 and 36060.

Mighty Nifty - Weekly Review Feb 21 - Feb 25

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 Global bearish sentiment is continuing this week also. What do you think? After falling nifty will reverse?  Last week nifty reached all sell targets and then reversed. Now price is consolidating forming a triangle pattern. Bearish below 17220 for the targets 17180, 17140, 17000, 16940 and 16900. If the price managed to take support at 17280 - 17320, it will move towards 17360, 17400, 17460 and 17500. PCR is 0.9. Total calls - 65.7 M Call change - 16 M. Total puts - 59.8 M. Put change - 13.5 M. Last week price was trending taking trend line support. Fall down breaking it. This week we have triangle. Lets see which side it will give BO. Wishing you all a healthy mind & body. May the lady luck be with you always...

Bank Nifty Weekly Review Feb 21 - Feb 25

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 Lets check out how our levels worked out last week. All sell side targets done and once price took support @ 37000, blasting upside movement happened. Now lets see what will happen this week. Will the sell off continue this week? Price is now trending in a downward channel & any pull back is an opportunity to sell if the pull back is happening at the upper trend line of the channel. Sell below 37520 for the targets 37400, 37260, 37120, 36960, 36800, 36660 and 36480. Buy above 37660 for the targets 37800, 37960, 38140, 38400, 38580 and 38740. OI day is showing bearish sign. Anyhow how OI will build up on monday will decide the direct. Total call 19.4 M & Call change 4.3 M. Total put 16.5 M & put change 5.3. PCR is 0.9. Wishing you all a healthy mind & body. May the lady luck be with you always...

Volatility - Is it my mind or market?

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 This post is about the recent poll in my telegram  Analysis4Newbie  and my view about volatility. There are 2 ways to increase the profitability in trading.  Doing good trades - Important Reducing bad trades - More important When you do bad trades? During the market volatility or our mind volatility? Some time market volatility causes mind volatility. Some other times its because of our mood swing. Both market & mind volatility affect our trades. We dont have control over market volatility, but we can pause our trade, avoid trading when our mind is having volatility. Lets say you are going in a boat. In between the journey, the boat got a hole. Unless you fix the hole in the boat, you cant reach the destination. Similarly, unless you reduce your bad trades, profitability wont increase.  People give so much importance to learn technical things about trading, but they dont give much importance to correct their bad trades. Now tell me which is more important? Increasing good trades o

BankNifty - Weekly Review Feb 14 - Feb 18

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 All sell targets were done as per last week's post, and the bearish sentiment continues this week also. Breaking the trend line, price is bearish below 38380 for the targets 38200, 38020, 37800, 37580, 37400, 37260,37080. 37000 zone will act as an immediate support zone. If price breaks it, then it will move to the next support zone at 36300. Maximum pain is seen at 38500. PCR is 0.8. RBI policy hold up the bank sector last week and we will see how the price behaves this week. Wishing you all a healthy mind & body. May the lady luck be with you always...

Mighty Nifty Weekly Reveiw Feb 14 - Feb 18

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 Considering the bearish sentiments in the market, let us analyse how the market will behave this week. Right now price is @ the support of the trend line. If it took support, bullish above 17420 for the targets 17460,17520, 17580, 17660 and 17720. In case if the price breaks the trend line and fall, the bearish zone starts from 17280 for the targets 17220, 17160, 17120, 17040. 16960, 16900 and 16860. Immediate support is seen at 16980 - 17020 zone. Highest PE OI is seen @ 17000 where we are having next support. Put call ratio is 0.8. Maximum pain is seen at 17400. Wishing you all a healthy mind & body. May the lady luck be with you always...