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.

Long added to Nifty, but still Banknifty is in short-covering mode. However sentiment changes to positive. Looks mildly positive. Time to sell more PE and less CE

Done only BNF, with 1x exposure. Good expiry for me as a System trader though it moves violently. Made 5L profit with ROI : 2.3%.

Shorts are covered, but no long added yet. FNO data smells flat market, but global cues are positive. Time for range-bund strategies

Aggregate shorts still added in Nifty and Banknifty. Breaking 14450 may create panic downside. Looks weaker. Time to sell CE

Still shorts added in Banknifty and pain comes down. Nifty looks range-bound. Time to sell CE in Banknifty and PE in Nifty

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