1. SET UP to Trade Nifty Bank.
Trend: (⇑-Up 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 :(⇑- Supportive 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.
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.
2. Sentiments
- Global markets:
Dow Jones future is Positive & Hang Seng is Extremely positive.
- What is on News/TV
banknifty is extreemly week. iF FRIDAY lOW OF 19515 hold, then days belong to bulls
- Positive News-flow::
Positive cues form global.
- Negative News-flow::
Some fear from franklin mutual fund redeemtion cascading impact.
- Bottom Line:
Sentiments is very Much Positive. Sentiments is also supportive to upmove.
3. Game Theory ( Tug of war between Buyer & Seller)
- From where New Buying comes?
A. Since Sentiments are Vey Much Positive, the Outside Trader will Buy with Good amount of aggression. B. Trader's with short Position- "Good" chance for short covering today.
- From where new selling come?
A. Since Sentiments are Vey much Positive, Outside Traders will not try to short sell at all today.
- 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 very Much Positive.
- Trading Edge:
My Today Trading edge points clubbing Setup & Sentiments is 104 Point. Since My Trading Edge is more than 70, I will look for Buying Opportunity only.
- Entry on Edge:
Buy- When BN is Between 19727-19856
- Exit on Fair price:
Fair Price for Today's Trade is at least 20011 - 20172
- 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.
Abhikumar Patel