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Feb 6, 2017

How To Trade In Nifty And Bank Nifty For 06 To 10 Feb 2017

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 6th to 10th February 2017.
Nifty Next Week Trend
Image Souce & Credits: tradingview.com
As per above image, we can see that on 2nd and 3rd February there were no full candles that have made me think that bulls and bears are waiting for clear signals to go ahead.

I would wait for clear movements to enter any strategy in next week.







Last week we saw that union budget had mix response from many people as they were expecting bigger gifts for the middle class to ease the pain of demonetization.

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The cash transaction is limited to INR 3.00 Lakhs anything beyond would be penalized 100% so this makes clear indication that government will not rollback or make it easy to hoard huge cash.

Nifty trend for next week – 06 to 10 Feb 2017


Below is the buy and sell entry with 6 targets for next week so when Nifty touches 8800 then I would treat it as a bullish trend and if Nifty touches 8713 then it would be bearish trend confirmation.

BUY
SELL
8800
8713
ENTRY
8827
8686
1st Tgt
8848
8665
2nd Tgt
8870
8643
3rd Tgt
8901
8612
4th Tgt
8920
8593
5th Tgt
8984
8529
6th Tgt

FII and DII trading activity on 27th Jan 2017


Foreign Institutional Investors have maintained the net value of +353.84 crores and Domestic Institutional Investors had maintained the net value of -42.53 crores.

I think DII’s are booking profits in the recent highs made by nifty.

Nifty Option Chain - Analysis

Change in open interest for 8700PE was at 6.58 lakhs totaling to 33.18 lakhs.

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




How to trade in Bank Nifty for 06th To 10th Feb 2017

Image Souce & Credits: tradingview.com
Last week Bank Nifty made low of 19492 on 31st January and high on 20288 on 3rd February 2017.

Since budget is over and IVIX has made low at 13.12 (-2.90%)which makes it clear that bulls may continue for next week.

So below is my anticipation of Bank Nifty movements for 6 to 10 February 2017.

BUY
SELL
20404
20115
ENTRY
20493
20026
1st Tgt
20565
19954
2nd Tgt
20638
19882
3rd Tgt
20740
19779
4th Tgt
20803
19716
5th Tgt
21015
19504
6th Tgt

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