BN traded for 13 x 5mts candle before breaking out of the resistance line. There was a small pause and reversion at 34922 level, but the crossed resistance line of 34740 now acted as support and BN reversed to close at 34935
S&R levels
s1: 34740, s2: 34367
Yesterday we discussed the possibilities that the Finnifty expiry would have interfered with the BankNifty’s natural price flow. It was almost proved right today ! Bank nifty opened gap down at 40494 well below the resistance zone of 40700. From there it was an unidirectional fall till almost 14.15. A total fall of 1.95% ~ 794pts…
Nifty Analysis — Stance Bullish ⬆️ Recap from yesterday “Nifty looks perfectly neutral from here, the moment the support of 21491 gives away — we can start looking for bearish opportunities. To go bullish the ATH has to be taken out. With the IT majors TCS and INFY declaring the results — we should have a strong swing direction tomorrow.” 4mts…
Nifty Stance Bullish ️⬆️ Back-to-back 1.9% weekly moves, Nifty moves an astonishing 953 points over the last 2 weeks. There is nothing that could possibly stop this train. What is more interesting is that 100% of this move came on Thursday + Friday, till then Nifty was flat and would have given the impression that…
Nifty Weekly Expiry Analysis Nifty fell a whopping 765pts ~ 3.90% between the last expiry and today. Most importantly it has retraced all its gains from 28th June to close below 18880. We will cover why that is relevant below, but this fall of 4% signals a reversal in trend. Even though VIX is still…
Today’s expiry was totally different, something i havent seen for many weeks. Mainly the premiums were dead low coupled with directional move that came very late in the day. Traders who got into straddles & exited by the noon would have made handful today, but people like me who depend on volatility as entry criteria…
Over the next few chapters, we will discuss the various classifications of Equity funds. Mutual funds have three main categories Equity Funds Debt Funds Hybrid Funds Equity funds are the most popular as the returns offered by them outbid the debt and hybrid categories. Since the opportunities to get higher returns are available, it normally…
