Nifty Stance Bearish ️⬇️ Remember my last week’s position? Make 11170 if Nifty ends below 23555. Well, we ended the week @ 23346, but I did not make money. In fact, I exited the position at a loss of 3000 on 19th Nov when we shot up. My stance is still bearish, thought will get…
Nifty Analysis Recap from yesterday: “Nifty has shown it is stronger than thought by bouncing off the channel’s upper boundary. For tomorrow, my stance is revised to bullish. Since we are at ATH, I do not have an upper target, but my support level will be 21037.” 4mts chart link — click here Results continue to amaze…
Nifty Analysis Recap from yesterday: “On the 1hr TF, I would still like to continue with my neutral stance. Only if 19875 gets taken out, we can hope for some followthrough on the upside.” 5mts chart link — click here So finally we had a breakthrough of the 19875 levels. Notice my stance for the last 6…
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…
We had a dramatic performance by Banknifty today even after a higher than expected inflation of 6.52%. Although we had 2 sharp moves, none of the support or resistance was broken — which means we still have no clue on the direction. Bank nifty opened at 41410 made a low at 9.47 just 0.51% ~ 212pts drop….
There were 4 support & resistance zones in play today, 3 supports broken & 1 held. No pull back rally — just a consolation flat type trading last 3hrs today. Lets analyze it one by one. The accusations against Adani group companies by Hindenburg research caught the lime light today, markets reacting more seriously than on 25th…
What a day today ! I had to take some for things to sink in. We literally had 3 support & resistance in play today & that should make an amazing post mortem today. The open was inline at 42703 very near to the close yesterday, i was hesitant to go in with a debit ratio…
