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Jan 29, 2017

How To Trade In Nifty And Bank Nifty For 30 Jan To 3 Feb 2017 [Video]

In this article, you will see trend analysis that will help you know how to trade in Nifty and how to trade in Bank Nifty for next week 30 January to 3 February 2017.

how to trade in nifty futures with example
Source & Credits - TradingView.com

In the above image, we can see that Nifty change its trend from 24th of December 2016 and it made high of 8641 on last week.






Observing the 20th January day candle I had anticipated for the possibility of bearish trend based on what happened in the previous weeks Friday day candle.

Also, the impact of US President Trump policies which is widely criticized as his decision to get the business back in the US rather than other developing countries and that would affect Indian IT and Pharma companies.

Paid Service: I can provide weekly trend for your chosen stocks with nominal fee check it here

I had anticipated maximum points of around 154 points and bearish trend at 8326 and bullish trend confirmation at 8399.

But as we can observe in the above image that there were several gap up’s  that took the market to a recent high of 8641 on 27th January.

One interesting point that I noticed from above technical chart is that the gap down which happened on 9th November was covered in last week so if there is huge selling order awaited there, then we can see fresh lows in the market.

Also, RSI indicator has crossed 70 levels which are considered as an overbought zone in the market so the possibility of a bearish trend in next week.

From the above table, we can see that FII and DII are maintaining positive net value.

Nifty Option Chain - Analysis


Net change on put side was negative on 27th January but a change in open interest for 8600PE was at 8.36 lakhs with a change in 8650CE is at 44,250.

CE 9100 change in OI is at 9.67 lakhs and CE 9200 is at 8.33 lakhs respectively.

Below is the video where I had provided the trend for 23 to 27 January 2017.



How to trade in Nifty futures video from my channel – Stock Market Live India



Nifty trend for next week – 30th Jan to 3rd Feb 2017

Below is the buy and sell entry with 6 targets for next week so when Nifty touches 8630 then I would treat it as a bearish trend and if Nifty touches 8713 then it would be bullish trend confirmation.

BUY
SELL
8713
8630
ENTRY
8738
8605
1st Tgt
8759
8584
2nd Tgt
8779
8564
3rd Tgt
8808
8535
4th Tgt
8826
8517
5th Tgt
8887
8456
6th Tgt

FII and DII trading activity on 27th Jan 2017


Category
Buy Value
Sell Value
Net Value
(Crores)
FII / FPI
5828.97
5617.20
211.77
DII
2807.64
2325.12
482.52
Source & Credits: nseindia.com

From the above table, we can see that FII and DII are maintaining positive net value.

Nifty Option Chain - Analysis

Net change on put side was negative on 27th January but a change in open interest for 8600PE was at 8.36 lakhs with a change in 8650CE is at 44,250.

CE 9100 change in OI is at 9.67 lakhs and CE 9200 is at 8.33 lakhs respectively.

How To Trade In Bank Nifty For 30th Jan To 3rd Feb 2017


how to trade in bank nifty

Below is video, I have included bullish and bearish levels through which you can get entry, stop loss and know the targets for next week in Bank Nifty February Future.


Bank Nifty Strategies - How To Trade In Bank... by newvideoshows

Please leave your comments also if you would like to know the trend for your favourite future stock then mention it in the below comment section.

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