Market Weekly Diaries 26-28Th March 2018

Market Weekly Diaries

26-28Th March 2018

Performance Should Speak is the Mantra

My Performance for last week -Do read market diaries for the reference

https://m.facebook.com/story.php?story_fbid=354264468415515&id=333468650495097

The Rest is History

I don’t want to put a badge of honour for the analysis

Market is Above all, it is the Supreme and Big Boss, every minute is Unique

Take Good & Bad Days equally- is the lesson learnt from my GURU @ carudramurthy

Coming to lessons and experience of mine for the week

Disclaimer – This Article is for my learning Purpose, Consult your Financial Advisor for the Recommendations and Trades

Weekly High was 24588, Weekly Low was 23605

Weekly Close for BNF is 23670

Check my Support reference number of last week article –it was around 23660, Friday close is 23670

Past is History and Mystery

Now, whats the Plan for the Next week- It’s a monthly Expiry week

Bank nifty is in clear downtrend, BNF Very Important reference point or range to watch for next few weeks is 23220 to 23880

From the above levels, market will bounce, if they don’t respect the above reference, then there is deep problem

We are @ the lower end of the range for the next few weeks, be cautious

Next week, we have 2 holidays on Thursday and Friday, we have 3 working days

Any close below 23560 on Monday and Tuesday, will break the bulls backbone for the month and we may head near monthly lows for the expiry close

Million dollar question is how to trade

Analysis is 10 %, Executing the trade is 90 %

Decide, first which timeframe is yours, before the trade and act accordingly

Global Markets are in bloodbath, due to all the concerned news from Face book to Trump to Indian Scams to Trade wars

End of the Day, we need to be slave to Price action,

Support for the week

23470, 23300, 23180 & 22980

Resistance for the week

23740, 23890, 24050 & 24330

Take Day by Day

Last 4 days, the range between high and low were moderate, compared to historical data

Have a look on global markets, how they would act each day, that gives us clue for our market direction

This Quarter (yet to finish) BNF is down over 7 %, After Modiji sworn as PM,this is the highest downfall

For the Month, we are down 5 % in BNF

We are heading down ,that’s a certain, but markets won’t fall vertically ,it will bluff by moving up, down ,up and down, till our investments reduces to zero and then moves accordingly

Analysing where to buy and sell is useless, if we don’t execute properly

Above that, how much to buy and sell is very important than buying or selling point

Above that, how emotionally we react to markets is much more important than above both

Let me execute the plan as per the analysis, will catch up next week on BNF weekly Dairies

Trade less

Trade from Savings money

Sagar U.S

Bank Nifty Weekly Analysis 16th March to 22nd March 2018

Bank Nifty weekly expiry closed at 24792, Up 1.28% for the week

 

The Following levels for the coming week

Support – 24470, 24330, 24050, 23880 & 23660

Resistance –24560, 24740, 24910, 25050, 25195 & 25350

After 6 weeks, of downside, BNF comforted Bulls for a week with marginal upside

But the coming week expiry have started towards bears side

Anything below 24560 Bears will have clear control for the week

Out of 5 days (i.e. weekly expire timeframe is 5 days)

1st day (Friday) has been gone to bears side

2nd and 3rd (Monday & Tuesday) bears have to close below 24560 and also break 24330 if they do so 24000-23880 gates are open

If bulls show resilience and don’t allow to break 24330, bears will have tough chances to break the low of this month

On the upside bulls have to take out 24790, 24850, if they do so gates are open for 25050-25290

Take day by day, & just observe the markets and learn from it

Trade less

Trade from Savings money

Overtrading is the first step to Loss

Risk management is the first step to Profit

Execution of the plan is the ONLY Magic in Markets

All the Best

Sagar U.S

Stocktale

Founder

 

Bank Nifty Weekly Analysis 9th March to 15th March 2018

Bank Nifty weekly expiry closed at 24477, consecutive 6th time fall on the downside

The Following levels for the coming days

Support – 24330,24050,23880,23660 & 23300

Resistance – 24470,24820,25050,25195 & 25350

 

One Magic Number to watch out for the week – 24330

 

Bears have been an upper hand for the last 6 weeks, will they be for coming week

we don’t know is the best answer and correct answer, however

They will remain so if they breach 24330 and closes for 2 days below that number

Bulls fight back can be been seen only if they hold 24050 level for the week, that would be first confirmation, they have started their fight back, second confirmation would be -24330

If both the territories are held, some kind of pullback in the markets, we can see

 

Global Markets, have rebounded last week, our markets have not seen any pullback.

Global markets are positive this week, these may give bulls some ammunition to start moving on an upside

Let markets Decide, what it wants, we are just followers of Market; Never ever predict the markets.Period

Trade from Savings Money

Risk-less at the beginning

Take Calculated Risk once you have doubled your capital

Always Less is more in Market and Life

 

All the Best