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.

Shorts added in Nifty and Banknifty. 15900 seems to be good resistance. Looks negative. Time to sell CE and less PE in Aug

Nifty looks bearish and Banknifty looks positive. Banking results are ahead. Looks mixed & volatile. Better to initiate iron condor in Aug, avoid July positions.

Nifty looks bullish, but banknifty looks tired. FNO data looks positive. Can do double calendar in Nifty as VIX is ultra low.

Huge shorts added in Nifty and Banknifty due to global cues. will go in downtrend below 15650. Looks weak. Time to sell CE

FNO data looks boring, but global cues are weak and seems to be gap down today. Better to stay away for an hour at least. Can create straddle in Aug at close

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