Nifty Analysis Seeing the price action on Friday, we had changed the status from bearish to neutral. But by seeing the strength today, I wish to go full bullish for tomorrow. To start with we had a gap-up opening of 103pts ~ 0.53% and then a quick fall to yesterday’s close. Luckily Nifty took support…
Nifty Analysis If you had witnessed the price action, then today’s performance was the total opposite. This is what I said yesterday “I wish to change my stance to bearish for tomorrow unless the 19310 resistance is breached.” and guess what — we had the break of resistance in the first 30mts itself. Who would believe we…
After reading the occrp report I was compelled to look into the charts of the Adani group stocks. Personally I dont own any of these shares nor taken any futures/options trade for/against. The growth rate they have had is humongous ~ 34077%, pretty sure it would have been a wealth creator for many of its…
Nifty Monthly Analysis In the Aug monthly series, Nifty is down 387pts ~ 1.97%. This month did not produce a reversal signal even though there were 2 attempts on 24th & 30th respectively. As it stands Nifty is following a bearish trend channel quite efficiently. My next support comes at 18880, so if the fall…
Nifty Analysis This is what I wrote yesterday — “For tomorrow, I have a 60% neutral and 40% bullish view as we are right at the upper channel and above the support.”. Never did I believe we could have a neutral closing today after the big gap-up open. Even till 13.15 there was no sign of weakness…
Nifty Analysis Yesterday we had a neutral call on Nifty “Most importantly the 19310 support/resistance stands in between. A break in support may cause Nifty to follow the bearish channel. Whereas a breach in resistance will give Nifty breakout momentum as it exits the falling wedge. I wish to go with a neutral stance for…
Nifty Analysis Contrary to the expectations, today turned out to be a boring day. The open was right at the SR level of 19310, still it was gap up as our prior close was near 19250 levels. Even then the resistance breach did not come then, we had to wait till 11.15 for a 5mts…
Nifty Analysis For the last two days both my predictions have gone wrong. On 23rd Aug I recommended a long but we closed in negative territory. On 24th I recommended a neutral stance, but we went deep red today. On both the occasions, I had mentioned the rationale on why I have taken that decision…
Weekly Analysis Between the last expiry and today, Nifty has just gone up by 32pts ~ 0.17%. But this week has seen a wide swing of 332pts ~ 1.72% i.e from the low of the week to the high of the week. The drama mostly in today’s price action which we will be discussing shortly….
India created history by landing Chandrayaan 3 on Moon. The 4th country to do so and the first to land near the south pole. — official source. BankNifty Analysis We will start with BankNifty today, because we had a reversal pattern today. According to me trend changes are first spotted on BankNifty and hence it works as…
