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

Jegathesan Durairaj
October 5, 2016August 24, 2018
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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.

Though market went up yesterday, there was no aggregate long or short added. No change in FNO data that can lead to flat day. Time for range-bound strategies

Not much change in FNO, but positivity continues as max pain goes up. Looks range-bound with positive bias. Good time for iron condor

Still shorts added and pain comes down. Breaking 37500 on close may drag the market down. Looks negative. Time to sell more CE

Last hour short covering seems to be dead cat bounce, aggressive shorts added in Nifty and banknifty. Looks bearish. Time to sell more CE

Still some long added in Banknifty which is stronger than Nifty. Looks positivity continues and looks bullish. Time to sell more PE

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