Trading Set Up for Banknifty on 21/02/2019


#1

 

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 Supportive for Buying. So Today is Good set up to buy. Today, you should look to Buy.
  • F&O Trader position: (⇔- Basis is flat )
  • The Difference between Bank Nifty future and spot (Basis) is now 62 Points. The Basis has risen from last day about 8 points.
  • Bottom Line :
  • The Trend is Down, But it is end of downtrend. The Trend can change itself to Upside Today.>> Good set up to Buy.>> Basis rise.

2. Sentiments

  • Global markets:
  • Dow future is flat+ Asia is Mild Positive.
  • What is on News/TV
  • Today can be choppy day, as Positive news is factor in & major tredn has not change to upside. Trade Boundries.
  • Positive News-flow::
  • PSU bank recap, but I think relly is alredy done in last few days. & FII turn buyers.
  • Negative News-flow::
  • FED see balancedsheet reduction this year.
  • Bottom Line:
  • Sentiments is Mild Positive. Sentiments are supportive of upmove.

4. what I am going to do today (In bank nifty)

  • Set Up:
  • Today Bank nifty Force set up is Supportive for Buying. So Today is Good set up to buy. Today, you should look to Buy.
  • Sentiments:
  • SentIments is Mild Positive.
  • Trading Edge:
  • My Today Trading edge points clubbing Setup & Sentiments is 63 Point. Since My Trading Edge is more than 50, I will look for Buying Opportunity only.
  • Entry on Edge:
  • Buy- When BN is below 26961.5
  • Exit on Fair price:
  • Fair Price for Today's Trade is 27096.5
 

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.

Abhikumar Patel
Twitter https://twitter.com/abhi_9392