Nifty50 Analysis We had 2 downward selling momentum, the first one mainly due to the gap up opening — which saw a loss of 106pts by 12.00 and then the 2nd one between 14.40 to close which erased 99pts. Technically Nifty has fallen only 55pts today, the gap-up messed up the numbers. So we had a dip…
Nifty50 Analysis Today we had a perfect inverted V formation. The high of the day at exact 12.00 noon. A rally of 82pts from opening level and then a fall of 66pts. Even though nifty fell today, it was showing so much of positive energy and a general reluctance to fall. We will bring up…
Nifty Analysis The day started with a gap up at a 50% level between the high & low of the last session. From there we saw 2 to 3 candles of fall, but nothing serious to retest yesterday’s swing low. From 09.35 to 10.40 we had a good rally up to the 61.8% retracement levels….
Its been a year I started blogging about BankNifty. From this quarter I decided to analyze the movements of Nifty50 also. I wish to open up a few of the strategic trades taken during the day as well along with the rationale. Give more importance to the rationale rather than the trade so that you…
I became a believer today, amazing outperformance by our stock market indices, Nifty50 hits a new all time high of 19512.2 (conquering the 19500 level for the first time). At 19350 levels I had an interim top call & the market has proven me wrong (yet again). Today’s super surge is nothing short of extra…
Nifty Analysis I had a feeling that we are nearing a top after seeing the price action on 03 Jul. The 4th Jul session was also cementing that thought. And today’s session till 14.35 was giving me lot of confidence to take a short position. But what happened from 14.40 to close, esp. 15.500 to…
FinNifty Expiry Just like yesterday, the jump in options premium at CE side was explosive. BAJFINANCE +7.19%, BAJAJFINSV +5.8% was the main reason for the gap-up opening. This screenshot was taken at 10.12 almost near the end of the opening 1hr, Finnifty was around the 20300 level. Its quite understood when the near ATMs has…
Before we discuss the daily analysis, let me pull up the huge explosive jump in Finnifty CE prices. Usually, I dont bore you with FinNifty charts or numbers unless its expiry day, but today requires some real attention! This screenshot was taken at 13.09 today, with just 1 more day to expiry the jump in…
Firstly a big thankyou to the TradingView “MINDS” community for supporting & cheering my work. I have published the post mortem of the Quarter April to Jun 2023 as a book on Amazon. You can buy the same by clicking here. (Some offer is running currently & the book is available for free for next…
28th June 2023 was the last day of quarterly/monthly/weekly expiry. And a good one to remember too. Nifty50, BankNifty & Finnifty hit a fresh all time high today. The fresh ATHs are: Nifty — 19011.25 BankNifty — 44508.4 Finnifty — 19954.9 Yesterday NSE had advanced the expiry day from 29th June to 28th June. This opened the flood gates of buying…
