Nifty Analysis — Stance Neutral ➡️ Recap from yesterday: “If Nifty50 had broken the 21913 today, we would have changed the stance from bullish to bearish right away. Hence we are going with a neutral stance tomorrow and would immediately go bearish if we have a gap down opening or sustained trades below the 21913 after the…
Nifty Analysis — Stance Neutral ➡️ Recap from yesterday: “They need to take out the 22051 and 21913 support levels, which is only possible if we have a macro level bad news. Banks are the only sector that could give away such an opportunity. Already the FIIs are not so happy with the future prospects of the…
Nifty Analysis — Stance Bullish ⬆️ Recap from yesterday: “Ideally, we should expect the leg2 to start soon, but the premiums are not indicative. Also, we have the monthly expiry this week and things could get a bit volatile before we find a clear trend.” 4mts chart Nifty50 would have given enough choppiness for those bullish today…
Nifty Analysis — Stance Bullish ⬆️ Recap from yesterday: “We are not suggesting that all “roads lead to Rome theory” i.e. everything is bullish, but the probability of things going up seems higher than cutting through the supports of 22051 & 21913. You know us, the moment the supports are broken, we will exit the bullish position…
Nifty Analysis — Stance Bullish ⬆️ Recap from yesterday: “As soon as the 22051 resistance gave away, we had to change our stance from neutral to bullish. We would now like to see how higher the markets can go, we are assuming the momentum may not take us to 22700 for the monthly expiry.” 4mts chart All…
Nifty Analysis — Stance Bullish ⬆️ Recap from yesterday: “On the 63 mts time frame, Nifty looks strong and pumped up. We continue to hold on to our bullish stance, if BN or IT index joins N50 — the build-up in momentum will be a treat to watch.” 4mts chart Exciting times as Nifty50 has conquered a new milestone…
Nifty Analysis — Stance Bullish ⬆️ Recap from yesterday: “From 15th Dec 2023 to 15th Feb 2024 — Nifty was in a narrow range of 21491 to 21913 with a couple of false breakouts/breakdowns. So we are keeping our fingers crossed this time to validate whether it works out. One way to do that is to check for follow-through…
Nifty Analysis — Stance Bullish ⬆️ Recap from yesterday: “A gap-up is ideal as it will quickly tip the balance to the Bulls as short sellers will have to run for cover. We wish to change the status from neutral to bullish only if we get a 63mts candle above the 21913 resistance line.” 4mts chart We…
Nifty Analysis — Stance Neutral ➡️ Recap from yesterday: “On the 63mts chart, Nifty is still neutral with no clear indication of the next direction. BankNifty is bearish and the chances of Nifty going down may be higher due to that. The first target to break should be 21491 below which the bearish momentum will pick up…
Nifty Analysis — Stance Neutral ➡️ Recap from yesterday: “For Monday, we wish to maintain our stance of neutrality. To go long the resistance of 21913 has to be taken out and to go short 21615 has to be broken first and then 21491” 4mts chart Nifty opened a bit gap-up and then started declining immediately. It…
