Nifty Analysis Yesterday we had a neutral stance for Nifty and a bearish stance for BankNifty. If you were watching every 5mts candle today, you wouldn’t believe how we ended up getting Nifty at +0.01% and BankNifty down 8.75pts. Nifty makes a beautiful rounded top formation today, will wait for tomorrow to see if we…
I was personally researching the divergence in SPX and Nifty50. The real reason being the negative performance of SPX in 2022 whereas a buoyant outperformance by Nifty during the same period. I started comparing SPX in USD and Nifty in INR and as soon as I shifted the currency of Nifty50 to USD that divergence…
Nifty Analysis On our last day’s report we discussed the possibility of Nifty staying above the 19309 levels. It was with great difficulty that we got a closing below 19309 on Friday, today we opened right there and then had a good rally till 19370 levels. Immediately we started reversing and fell below water by…
How did Jio Financials which had a net income of 41.63 crore by March 2023 manage to list at a 1.66 lakh crore market cap? The answer might lie in the name “JIO”. Most of the shareholders would have been carried away by the 1:1 RELIANCE shares demerger event. It was even presented as a…
The idea is to find 30 good firms from this list for a long-term view. Planning to complete this activity in 9 to 12 months. For my own research only. No recommendations. source: tickertape 1. Maithan Alloys Ltd2. Shivalik Bimetal Controls Ltd3. J Kumar Infraprojects Ltd4. Fino Payments Bank Ltd5. Yatharth Hospital & Trauma Care…
Nifty Analysis There was only 1 goal for the bears today, to close the markets below 19309. Somehow they got it done today which means we are in for a bear ride next week. Let me try to explain. We opened right at the 19309 level and then fell to 19258 levels by 10.45 in…
On 29th September 2023 — the below listed stocks will get added to the Nifty 500 index. I am saving this list so that I could come back later and do a fundamental valuation & analysis. Nifty 500 index new entrants Allcargo Logistics Ltd. ALLCARGO Alok Industries Ltd. ALOKINDS Gillette India Ltd. GILLETTE Glenmark Life Sciences Ltd….
Nifty Weekly Analysis We have fallen 201pts ~ 1.03% between the last expiry and today. If you notice the chart below, Nifty is closely following the bearish trend line and we will get a range convergence soon. If the support line of 19309 is not breaking — we will have a bullish reversal. Global macros, India inflation…
Nifty50 Analysis Last session we discussed the support level of 19311, this came into play today and proved quite hard to breach. Today’s intraday low 19317 was hit in the first candle itself after a gap down opening. The biggest negative news to start the day was the higher than expected 7.44% CPI inflation that…
Nifty Analysis After the trades on Friday, I modified my stance to 100% bearish. What other boon could I ask for when we had the opening 5mts better than expected? “The first target to take out will be the recent swing low of 19296. The next support comes at 19190.’ As soon as 19300 was…
