As Per Ichimoku Trading system on 90 min charts Nifty is in sell mode Since 3rd June and Bank Nifty maintains the sell mode since June 15th. Currently Nifty and bank nifty nears the resistance zone 5320 and 10546 respectively. The June options series ended with higher open interest built up at 5200 PE towards of the end of June expiry.
Related Readings and Observations
Nifty and Bank Nifty Trading at the Upper Extreme Nifty Futures and Bank Nifty Futures are trading in a sideways compression mode for quite some time in Jan 2019 series. Both Nifty Futures and Bank Nifty Futures are trading very close to […]
Nifty Futures and Bank Nifty Futures October 2016 Outlook The RBI cut benchmark rates by 25 basis points (bps) on 4 October, bringing down the repo rate from 6.5% to 6.25% since then there is a significant underperformance in banknifty futures as […]
BRExit and Stock Market Crash Nifty and Bank Nifty sentiment turned negative on the EOD charts on the event of BRExit poll announcement. And the global markets also strongly reacted for the BRExit poll outcome. USDINR […]
Nifty and Bank Nifty Futures – Daily Sentiment Update Nifty and Bank Nifty Daily Sentiment oscillators are holding positive and currently. Minor Resistance zone coming around 7870 and 16800 respectively. Breakout is likely to be on the upper […]
Nifty and Bank Nifty August Futures Mid Month Review Nifty and Bank Nifty August Futures Daily Sentiment turned positive on friday. India's July WPI inflation figures came at -4.05% YoY Vs June WPI was -2.40%. Despite the Chinese Yuan […]
Nifty and Bank Nifty July Futures Outlook It is interesting to note that DII's are relentlessly buying the equity market right from 12th June 2015 despite Greece Exit fears, Global Meltdown and Indian Market seems to be resilient […]
Leave a Reply