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 is down ) The Difference between Bank Nifty future and spot (Basis) is now 54 Points. The Basis has fallen from last day about -49 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 fall.
2. Sentiments
- Global markets: Dow future is Mild up+ Asia is Very much positive.
- What is on News/TV Good time to buy Midcap & near support support level.
- Positive News-flow:: Good news for banking share as NPA likey to reduced & also at 200 ema!
- Negative News-flow:: Fii Still on sell mode.
- Bottom Line: Sentiments is on Eupohria level. Sentiments are not supportive down trend, so it can help upside movment today.
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 on Euphoria Level.
- Trading Edge: My Today Trading edge points clubbing Setup & Sentiments is 126 Point. Since My Trading Edge is more than 50, I will look for Buying Opportunity only.
- Entry on Edge: Buy- When BN is below 26870.85
- Exit on Fair price: Fair Price for Today's Trade is 26964.85
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.
Question:-How many of you Looking to read this Post daily?
Abhikumar Patel
Twitter https://twitter.com/abhi_9392