Nifty Analysis — Stance Neutral ➡️ Recap from yesterday: “We broke the 21491 support by 12.24. Just look at the strength of the candles today — 5 RED candles followed by a Doji. Our stance changed from neutral to bearish as soon as the support was breached.” 4mts chart The open was perfect — a good gap-down followed by selling pressure,…
Nifty Analysis Recap from yesterday: “For tomorrow, I prefer to hold on to my long stance with 20690 as a reversal level. If the uptrend is intact — we hope to see the laggards also catch up with the winners shortly.” 5mts chart link — click here. It might look like we had a lot of action today seeing…
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 Expiry Analysis From the 4th of May till 11th, banknifty has fallen 0.3% ~ 131pts. Headline does not really indicate what went behind. We fell 1028pts in 1 single day i.e. 5th and then scaled back 870pts in the remaining 4 days. How can I not credit the bulls? You might be bored with…
Few things went as planned (till 10AM) and after that I was like the deer stuck in the headlights. No way I could believe the rally of 560pts ~ 1.31% from 10.05 to 15.20. I was having the short-sell bias ever since the bad news broke about MSCI on HDFC-HDFCBk. So I was kind of…
The real move came a little late today, from 12.45 to close wherein banknifty gave up 403pts ~ 0.93%. I was expecting the fall to come in the morning session — but the finnifty expiry trades would have limited this damage to a great extent. For some reason Axis Bank and IndusInd bank was quite strong today…
I am still keeping my hopes pinned on the Fibonacci levels marked as in the chart below. 43739 recent swing high, 42581 last session swing low and 43296 the 61.8% retracement level. It really looked like a short-selling setup as the bull momentum faded out after 11.15 — we went up 1.46% ~ 622 points today but…
For traders who are playing banknifty expiries on Thursdays can play the same trades on FinNifty on Tuesdays. The margin requirements are lower and now since the option premiums are staying low — the ROI in finnifty is better than banknifty. Today was a flat day, open was at 42731 and then it was struggling to keep…
By 09.15 around 90% of traders would have guessed how banknifty is going to trade today. Thats because ICICI bank had an excellent quarterly results to boast for. The predictability of banknifty is, one leading bank is enough to pull up the sentiment of others. Same on the downside as well. Opening was gap up…
Just a bit of negative bias today — nothing major to be worried about! Banknifty still has outperformed Nifty50 this week. And trust me the chart of banknifty is looking strong. Today we opened inline at 42252 had 2 strong green candles and then started falling. From 09.30 to 13.05 we fell 0.99% ~ 419pts — but the options…
