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 Negative.
- What is on News/TV Sell on relly- We are in bear market & everything sold on relly- But it respect Low of market. If market Breaks 10800, then it can be worry.
- Positive News-flow:: Steep fall in crude price
- Negative News-flow::
- Bottom Line: Sentiments is Mild 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 mild Negative, the Outside Trader will Buy on DIPS only.
- From where new selling come? A. Since Sentiments are mild Negative, Mild new short selling expected from outside Traders. B. Trader's with Long Position- "Good" 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 Mild Negative.
- Trading Edge: My Today Trading edge points clubbing Setup & Sentiments is -73 Point. Since My Trading Edge is less than -70, I will be only looking for shorting opportunity for Today. ONLY ON RISE...
- Entry on Edge: Sell- When BN is above 27185.65
- Exit on Fair price: Fair Price for Today's Trade is at least 26990.65
- 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.