1. SET UP to Trade Nifty Bank.
Bank Nifty's bullish trend seems exhausting now. Here seller/supply try to make a comeback & demand also gets reduce on rising.
Market set up:
Today Bank nifty Force set up is Supportive for Selling. So Today is Good set up to Sell. Today, you should look to sell.
Bottom Line :
The Trend is Up, But it is end of uptrend. The Trend can change itself to downside Today.>>Good set up to Sell.
- Global markets: Dow Jones future is Flat to Negative & Hang Seng is Flat to Positive.
- What is on News/TV Last day market collaps & Crude fall, but it can give cheer or not? Its bear market relly. 26800 is support for BN.
- Positive News-flow:: Mild recover can happen due to OIL.
- Negative News-flow:: FII data is not much bearish , but some bearish.
- Bottom Line: Sentiments is very Much Negative. Sentiments is also supportive to downmove
3. Game Theory ( Tug of war between Buyer & Seller)
- From where New Buying comes? A. Since Sentiments are Very Much Negative, the Outside Trader will postpone their Buying.
- From where new selling come? A. Since Sentiments are very much Negative, Aggressive short Selling expected from outside Trade. B. Trader's with Long Position- "No chance" for Long unwind today.
- Will there be support from buyers buys on dips?: There may not be any support from Buyer as most of them have bougalreadyedy are IN the market.
4. what I am going to do today (In bank nifty)
- Set Up: Today Bank nifty Force set up is Supportive for Selling. So Today is Good set up to Sell. Today, you should look to sell.
- Sentiments: Sentiments is very Much Negative.
- Trading Edge: My Today Trading edge points clubbing Setup & Sentiments is -83 Point. Since My Trading Edge is less than -70, I will be only looking for shorting opportunity for Today.
- Entry on Edge: Sell- When BN is above 27121.75
- Exit on Fair price: Fair Price for Today's Trade is at least 26926.75
- 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.