1. SET UP to Trade Nifty Bank.
" Bank Nifty is in the 2nd phase of bearish Trend. So, Supply is Still in control of the market today. Seller will have their Mild dominance over demand.
Market set up :(⇔- Neutral to trend)
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 down.>> Good set up to Sell.
- Global markets: Dow Jones future is Extremely Negative & Hang Seng is Extremely Negative.
- What is on News/TV Bear market rally is getting over...
- Positive News-flow:: WTI Crude is near zero. Good for crude sensative stocks,
- Negative News-flow:: USA stop all immigation. It is too negative for IT compnay. Not good for equities .
- Bottom Line: Sentiments is very Much Negative. Sentiments is also supportive to Downtrend.
3. Game Theory ( Tug of war between Buyer & Seller)
- From where New Buying comes? A. Since Sentiments are Very Much Negative, the Outside Trader will postpone their Buying.
- From where new selling come? A. Since Sentiments are very much Negative, Aggressive short Selling expected from outside Trade. B. Trader's with Long Position- "Less" chance for Long unwind today.
- Will Seller sell on rise? On rise-Since Trend is Down, There will be a higher number of Sellers at higher end which propels the market to go down from the intraday rise. Moreover, on Rising, a Buyer who wanted to buy has already bought. So Selling on the rise is a Dominant Strategy as more seller & lack of buyer on rising of downtrend 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 very Much Negative.
- Trading Edge: My Today Trading edge points clubbing Setup & Sentiments is -95 Point. Since My Trading Edge is less than -70, I will be only looking for shorting opportunity for Today.
- Entry on Edge: Sell- When BN is Between 20272-20414
- Exit on Fair price: Fair Price for Today's Trade is at least 20102 - 19942
- Bottom Line for Day : PSDAY(Basket Trade)- Enter at fair price & Hold you Position atleast till fair price-Book part profit at fair price & rest Position let it run till full day
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.
Follow- Live Update
I am bearish on banknifty
ya of course , this market will kill lot of people , if any country will find medicine for corona virus market where its will go i dont know , there is some celebration will be there , i am keeping my foot in market very conservatively ,