Trading Strategies Using Technical Analysis

[Gang123]

Gangadharan,

2950 would make everyone bankrupt.

I think you mean 5950. I'd say in this scenario, there is no level which is worth looking at. Hence just wait and watch.

Tc

Raunak Sir,

You are right, It was 5950.. The mistake occured because SBIN was fully occupying my mind. sorry for the mistake.

Thank you for reply.

Regards,
Gangadharan.

 

[jagankris]

Raunak Sir,

It seems 5950 is the Short Term or may be Medium Term Support levels for SPOT NIFTY.


What is your opinion?


Regards,

Gangadharan

Dear Gangaji,

Capricon is also of the same view.
He has given 5950.
And I expect some bounce from these levels.
Markets cannot keep on just rewarding the bears.
Need to watch the OI of puts before buying calls.

Best Regards,
JK

 

[SwingKing]

Dear Gangaji,

Capricon is also of the same view.
He has given 5950.
And I expect some bounce from these levels.
Markets cannot keep on just rewarding the bulls.
Need to watch the OI of puts before buying calls.

Best Regards,
JK

Jagan,

I will maintain my view that 5950 or 5900 or 5850 or anything does not mean anything right now.

Tc

 

[stud]

Gangadharan,

2950 would make everyone bankrupt.

I think you mean 5950. I'd say in this scenario, there is no level which is worth looking at. Hence just wait and watch.

Tc

no offense but 2950 would not make the bears bankrupt i am a bear by the way

 

[nimish_rulz]

no offense but 2950 would not make the bears bankrupt i am a bear by the way

Then u must watch for 7000 levels before the first half this year

 

[Gang123]

Dear Jagan,

Please Leave the FIIs and DIIs yar, Let us try to find out the opportunities to make money na.

It seems BANKNIFTY is moving towards 11050 levels, Please check with the EOD & 60 min chart. with fib levels. I find a support for BANKNIFTY around 11050 only. It give us confidence to trade on shorter time frames when longer time frame tell us something.

Please see my todays trades.

Regards,
Gangadharan:thumb:

Raunak sir,

Banking stocks have dipped to unreal levels. Never though I would see SBI @2615 when Nifty is above 6000...!

I have heard rumors that this might change after Infosys results on 13th January.

Technically, I don't know. Gangadharan bro says BNF would find support @ 11050 levels...

I don't know how supports work for a collective index rather than specific stocks... but I guess they do...

Hello Dear Gauharjk,

See Bank Nifty Touched my levels 11050 today itself.

Thanks a lot to Fib levels.

Take Care.
Gangadharan.:thumb:

 

[stud]

Then u must watch for 7000 levels before the first half this year

will remember you bro in case that number is reached.

 

[stocksplacement]

Dear Gangaji,

Capricon is also of the same view.
He has given 5950.
And I expect some bounce from these levels.
Markets cannot keep on just rewarding the bears.
Need to watch the OI of puts before buying calls.

Best Regards,
JK

Market is rewarding the bears with very high points of 150 whereas bulls have o be satisfied with 25/30 odd points up swings

 

[alroyraj]

Dear Gangaji,

Capricon is also of the same view.
He has given 5950.
And I expect some bounce from these levels.
Markets cannot keep on just rewarding the bears.
Need to watch the OI of puts before buying calls.

Best Regards,
JK

Expectation goes against the flow. Unless buying comes in the markets will continue to fall.There wold be plenty of time to evaluate any changes in view until then. Seems like now is the turn of the bears to attack position rolled over.

 

[SwingKing]

Have entered Swing Shorts @ 6022 Futures (Average)

Positions will be increased. In my opinion, we will be heading for much lower levels in the shorter term if we close around these levels. The stop loss remains at 6015-6020.

Tc

Shorts have been carried forward today.

Don't try to bottom fish any stock as of now.

Tc