Trading Set Up for Banknifty on 28/08/2019

1. SET UP to Trade Nifty Bank.

  • 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:
  • 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 Flat.
    • What is on News/TV
    • Fiscal stimulas is not enough, it seems so! But Buy on dips still works! 11200 is way to go! There is more upside left!
    • Positive News-flow::
    • Still Bears are scared due to govt meetings.
    • Negative News-flow::
    • Bond market in USA market concern has risen!
    • Bottom Line:
    • Sentiments is Mild 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 Mild Positive, the Outside Trader will Buy with very Mild Force. B. Trader's with short Position- "Good" chance for short covering today.
    • From where new selling come?
    • A.Since Sentiments are Mild Positive, Outside Trader will on short on Rise Only.
    • 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 Mild Positive.
    • Trading Edge:
    • My Today Trading edge points clubbing Setup & Sentiments is 102 Point. Since My Trading Edge is more than 70, I will look for Buying Opportunity only.
    • Entry on Edge:
    • Buy- When BN is below 28226.15
    • Exit on Fair price:
    • Fair Price for Today's Trade is at least 28379.15
    • 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


    not sold their position , but covered their position (buy)

    opposite of what you predicted , what was the reason you think ?


    1. first of all, its give me immense pleasure that you guys are reading this set up post very meticulously!!!( I really appreciate your time)

    2. I generally trade in direction of technical and trend & check if sentiments is supportive to trend or not!! ( thus my view is bullish in morning)

    3. I also took long position in morning , but it did not work and i exited around 10!

    4. IMP–THE main reason for this sell of is A. market took USA bond news ( nagative news) more seriously, you can know the same by dow jones future movement which fall +100 to -50 level by now!!
      B. FM last day speech was not that much encouraging for bulls, as it depends the mood for bulls!!

    5. I Use the same set up to trade and i make money on average per month. sometimes or many time this set up may not work, but we always getout with less Losses. it is the way for survival!!

    I hope I have feed your curiosity!!