1. SET UP to Trade Nifty Bank.
- Trend: (⇓-End of Down Trend) 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 :(⇓- Opposite to trend ) 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.
- F&O Trader position: (⇑ - Basis rise) The Difference between Bank Nifty future and spot (Basis) is now 102 Points. The Basis has risen from last day about 29 points.
- 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.>> Basis rise.
- Global markets: Dow future is Mild up+ Asia is also positive.
- What is on News/TV bad news in price last day, we should get breather today, Value investor rejoice to buy at this points , We are at support level , so second half really in market from short covering!!
- Positive News-flow:: No Fresh nagative news
- Negative News-flow:: FII seling is just not stopping.
- Bottom Line: Sentiments is very Much Positive. Sentiments are supportive for buying.
3. Game Theory ( Tug of war between Buyer & Seller)
- From where New Buying comes? A.Since sentiments are Mild Positive, the Outside Trader will Buy with very Mild Force. B. Trader's with short Position- "Good" chance for short covering today.
- From where new selling come? A.Since Sentiments are Mild Positive, Outside Trader will on short on Rise Only.
- Will 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 very Much Positive.
- Trading Edge: My Today Trading edge points clubbing Setup & Sentiments is 112 Point. Since My Trading Edge is more than 50, I will look for Buying Opportunity only.
- Entry on Edge: Buy- When BN is below 26808.25
- Exit on Fair price: Fair Price for Today's Trade is 26902.25
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 Active Derivative Traders.
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