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 Very Much Supportive for Buying. So Today is Great set up to buy. Today, you should not miss the opportunity on the upside.
Bottom Line :
The Trend is Down, But it is end of downtrend. The Trend can change itself to Upside Today.>>Great set up to Buy.
- Global markets: Dow Jones future is Positive & Hang Seng is Positive.
- What is on News/TV Bear should cover today! FII intensity of selling is going lower!! Since Most short are in BN, it should Lead the Relly.
- Positive News-flow:: FM friday charm is contnie from last 3 week!!! & GlobalMarke doing good! & Lower Doller index is good for EM!
- Negative News-flow::
- 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 short Position- "Good" 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 Very Much Supportive for Buying. So Today is Great set up to buy. Today, you should not miss the opportunity on the upside.
- Sentiments: Sentiments is on Euphoria Level.
- Trading Edge: My Today Trading edge points clubbing Setup & Sentiments is 124 Point. Since My Trading Edge is more than 70, I will look for Buying Opportunity only.
- Entry on Edge: Buy- When BN is below 27129.7
- Exit on Fair price: Fair Price for Today's Trade is at least 27224.7
- 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.