1. SET UP to Trade Nifty Bank.
Bank nifty's downtrend seems to exhausting now. Buyers/ demand try to make a comeback & supply also gets reduce on further dips today.
Market set up:
Today Bank nifty Force set up is Supportive for Buying. So Today is Good set up to buy. Today, you should look to Buy.
Bottom Line :
The Trend is Down, But it is end of downtrend. The Trend can change itself to Upside Today.>>Good set up to Buy.
- Global markets: Dow Jones future is Extremely positive & Hang Seng is Extremely positive.
- What is on News/TV Last day Low will hold!
- Positive News-flow:: Hongkong issue & Trade was are proressing very positively
- Negative News-flow:: RBI new rule of Linking loan with outer side banchmark!
- Bottom Line: Sentiments is on Eupohria level. Sentiments is also supportive to upmove.
3. Game Theory ( Tug of war between Buyer & Seller)
- From where New Buying comes? A. Since sentiments are Great, the Outside Trader will Buy with Great amount of Aggression. B. Trader's with a short Position-"Moderate" chance for short covering today.
- From where new selling come? A. Since Sentiments are Great, Outside Traders will not try to short sell at all today.
- Will there be Resistance from Seller sell on rise? There may not be any resistance from Seller side as most have sold their position
4. what I am going to do today (In bank nifty)
- Set Up: Today Bank nifty Force set up is Supportive for Buying. So Today is Good set up to buy. Today, you should look to Buy.
- Sentiments: Sentiments is on Euphoria Level.
- Trading Edge: My Today Trading edge points clubbing Setup & Sentiments is 101 Point. Since My Trading Edge is more than 70, I will look for Buying Opportunity only.
- Entry on Edge: Buy- When BN is below 27178.85
- Exit on Fair price: Fair Price for Today's Trade is at least 27372.85
- Stoploss: One you get a entry, You should follow 70/100 point stoploss, without fail.
It's Significant intellectual property & New way to Analyse the Market which use Unconventional Instruments Like Behaviour Finance & Game Theory for getting clear & Unbies idea for Traders.