1. SET UP to Trade Nifty Bank.
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.
- 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.