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 Not Supportive for Selling. So, Today is Bad set up to Sell. You should Avoid Selling.
Bottom Line :
The Trend is Up, But it is end of uptrend. The Trend can change itself to downside Today.>>Bad set up to Sell.
- Global markets: Dow Jones future is Flat to Positive & Hang Seng is Flat to Positive.
- What is on News/TV Govt is worsning the status quo as bad effort for market push. 10am Press confrance- wating till that time.
- Positive News-flow::
- Negative News-flow:: FM speech show Failure of PSU bank. After FM event, Market is selling off. Nifty Breach aug low-FII is haisotical low!
- Bottom Line: Sentiments is Mild Positive. Sentiments are not supportive of on going Trend.
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.
- From where new selling come? A.Since Sentiments are Mild Positive, Outside Trader may Go short on Rise Only. 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 Not Supportive for Selling. So, Today is Bad set up to Sell. You should Avoid Selling.
- Sentiments: SentIments is Mild Positive.
- Trading Edge: My Today Trading edge points clubbing Setup & Sentiments is -42 Point. Today, I 'don't have Any Edge', So I will ' Not Trade Today'.
- Entry on Edge: Sell- When BN is above 26942.65
- Exit on Fair price: Fair Price for Today's Trade is at least 26692.65
- 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.