Technical factors include Index’s high call and put option, weekly and monthly option activity, COC (Cost-of-carry) movement, VWAP (Volume weighted average price) level, Elliott Wave (only for positional trend), historical volatility movement, Index Ratio trend, etc. The movement of Bank Nifty Index can be analyzed from two parameters – fundamental and technical.įundamental factors include bond yield movement, quarterly results of the top six participants in the Bank Nifty Index, etc. A good trading platform, such as the one provided by TradeSmart has in-built advanced technical analysis tools to fine-tune your investing decisions. The brokerage grew out of technical analysis software development firm Omega. You need to see through and read between the lines, something which Bank Nifty Technical Analysis will help you to do. Technical analysis and statistical modeling of trading strategies is a key strength of the TradeStation platform. You cannot rely only on the Bank Nifty news (which is available to everyone). It helps in identifying patterns, analyzing trends and examining the strength and persistence of the trends. “Technical analysis” plays a crucial role in investing.
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