October 2016 – CapitalZone

Market (Banknifty) looks slightly bullish, but has resistance at 20000

Jegathesan Durairaj
October 5, 2016August 24, 2018
No Comment

Time: 7:30 am Monthly/Weekly chart are in bullish convergence, but sitting in the top.Day chart is bullish as RSI in increasing pattern.4 Hours chart is in bullish convergence with RSI in increasing pattern.RBI rate cut helped market to go up a bitBank nifty may help nifty to go up.Market is

Banknifty will be volatile as RBI meet is at 11 am, but looks bullish for short term.

Jegathesan Durairaj
October 4, 2016August 24, 2018
No Comment

Time: 7:30 am Monthly/Weekly chart is in bullish convergence, but sitting in the top. Day chart is bullish as RSI in increasing pattern.4 Hours chart is in bullish convergence.FII buying concentration has come low on averageExpecting fresh long todaySGX nifty is trading positively.Bank nifty may help nifty to go up.Market

Market (Banknifty) looks slightly bullish, but has resistance at 20000

Banknifty will be volatile as RBI meet is at 11 am, but looks bullish for short term.

FIIs are in sell mode after long time and more PEs are removed & CEs are added. Shorts are added in Nov. Looks negative. Time to sell only CEs

Didn’t do mini-expiry as VIX was increasing and market was too volatile. Managed only positional trades and ended with 30K MTM with ROI ~ 0.18%.

Speculation has come down, no change in FNO data. Market may go range-bound though it is volatile. Time for Condors

Shorts are added. Max Pain (Nov) came down to 11800 & 24000. Global cues are weak. Time to sell CE. Avoid Nov contracts

Pain consistently is up in Nifty & Banknifty. Longs are rolled-over to next month. Market eyes on 12K & Looks positive and time to sell more PE with hedge

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