How the day started and how it ended was similar to a bollywood movie. Just look at the encircled 1st candle and then the 1.10% ~ 480pts rally that followed. banknifty 480+ pts intraday rally from LOD Logically the move we had in the day was in agreement with the momentum that started yesterday 14.05. But…
Those who trade banknifty & nifty expiry will be excited to trade bankex & sensex expiry on 26 May 2023. I guess it will be the first expiry to be opened to retail traders ! I just checked the zerodha kite app, the option chain is still not integrated it seems, also the weightage of bank…
So we have some good news from one of the broker. Zerodha has enabled SENSEX & BANKEX futures & options trade. Those options expire every fridays. Most likely other brokers also will follow suit. So if you plan properly you get an expiry day-trade set up on Tuesdays — FinNifty Wednesday — MidCapSelect Nifty (Poor liquidity) Thursday — Nifty50 & BankNifty…
Today’s price action on the 3 indices Nifty50, BankNifty and FinNifty were conflicting due to which none of them really went anywhere. NiftyIT had a down day that doused the fire in Nifty50 to break-through the resistance of 18419. Similarly Finnifty was unable to get past 19421. From the start there was huge shorting on…
First time in many weeks, banknifty underperformed nifty50. Ideally this move should have come last week when nifty50 had 2 more resistances to break and banknifty was near ATH. Better late than never. Nifty50 shooting pass banknifty is actually good for the entire stock markets in India. Only when all the components have caught up — a…
There was so much of hidden meaning in today’s price action. Both banknifty and Nifty50 opened gap-up and then started falling. Banknifty fell 0.97% from High to Low, whereas Nifty fell 0.66% only. This fall is the 1st anomaly, this happened at a time when NiftyIT was roaring! It opened gap-up and was shooting up….
Weekly Analysis In this expiry week, 12th to 18th May banknifty has moved up only 0.61% ~ 263pts. We have hit an important milestone this week though, 0.10 pts shy of all time high — 44151.7 on 15th. Banknifty is immensely bullish considering how Nifty50 is behaving. A trader on 15th or 16th would have normally expected…
Once again banknifty has outperformed Nifty50, the intraday recovery from 14.30 to close facilitated by the bulls of the banks. The price action formed today is interesting, but it is not compelling for a sentiment change to bearish as the support of 43253 is still untouched. If you look at the chart pattern today, it…
There was a fall of 306pts ~ 0.7% between 14.40 to 15.20, even then banknifty does not appear as negative as Nifty50 after today’s session. The options traded on banknifty CE side was really commendable, but nothing like Nifty50 CE strikes. In the same comparison period N50 only fell 0.61% but the preceding price action…
We are near all time high on banknifty — 44151.7 is today’s high. The previous high was 44151.8 on 14 Dec 2022. The lowest point was 38613.15 ~ -12.45% on 16 Mar 2023. Numbers are magically adding up, 3 months from High to Low and then exactly 2 months to reclaim the top spot. From the chart…
