Trading Set Up for Banknifty on 20/09/2019

1. SET UP to Trade Nifty Bank.

  • Trend:
  • 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.

    2. Sentiments

    • 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.

    Abhikumar Patel

    [email protected]

    All Analysis works on Normal trading days when the actions by participant are based on statistics.
    No Analysis works on breaking news day, you have to respect all market action.

    1 Like

    Yes, I know.

    You should also keep in mind.:sweat_smile:

    1 Like