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.

Still Banknifty is so strong and pain jumped to 24000, but Nifty is tired now. Time to sell more PEs in BNF and CEs in Nifty

There is no speculation in FNO data, but Banknifty looks positive as max pain goes up to 23700. Time to sell CE in Nifty and PE in Banknifty

Trapped by V shape move @ 2.30pm, Portfolio SL hit, exited all positions. Had intraday Loss of 1%. Today’s ROI : -2.8%

Max Pain clearly climbs up to 11700 and 23500. More PEs are added. VIX may come down. Both Nifty & Banknifty look positive. Time to sell more PE with hedge

Banknifty look strong as max pain shifted 23300 and CE high OI shifted to 25000. Looks positive. Time to sell more PE in Banknifty and CE in Nifty

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