Nifty Stance Bearish ⬇ We fell 394pts ~ 1.72% this week and what was noticeable was the gap down on Monday 24th Feb. We were struggling to break down from the 22781 levels. We would have at least bounced from those levels 4 times and the likely outcome discussed was to break it with a…
Nifty Analysis — Stance Bearish⬇️ Recap from yesterday: “On a closing basis, N50 finished the day above 22295 at 22302. Ideally, I should change the stance from bearish to neutral, but let me give the benefit of the doubt to the Bears for one more day.” If you look at the horizontal lines, it may appear like…
Nifty Analysis — Stance Bearish⬇️ Recap from yesterday: “Our markets not rallying as against the recovery in US markets — speculating something to do with the re-election and taxation. Since I do not have any data points, will wait for more clarity.” After having an inline opening, Nifty50 started falling quite aggressively. Without a real struggle, 22295 was taken…
Bearish means we expect the prices to go down. Ideally, we should be able to sell the shares first and then buy them back at a lower price to make money. This concept is called short selling. However, it is not practical to sell something that you do not have, hence a concept of SLBM…
Nifty Analysis — Stance Bearish⬇️ Recap from yesterday: “The only thing that could override this W pattern is the lower high, lower low formation. LH, LL will take precedence over a short-duration pattern all the time.“ 4mts chart I can say With 70% confidence that Nifty50’s Lower Low, Lower High (LL, LH) wave formation has taken precedence…
Nifty Analysis — Stance Bearish⬇️ Recap from yesterday: “One thing is sure, the sudden price moves we are seeing right now are quite indicative of a massive shift in fundamentals. Technical Analysis cannot detect the directional impact this early, but it would be prudent to keep an eye out for any possible clues.” 4mts chart We got…
Nifty Weekly Analysis Between the last expiry and today, Nifty has only fallen 191pts ~ 0.88%. This does not seem to showcase what really happened during this week. We hit a new lifetime high of 22124 and then fell 839pts ~ 3.8% in 2 days. Something that we rarely see with Nifty. 16mts chart Nifty…
Nifty Analysis — Stance Neutral ➡️ Recap from yesterday: “Remember how things were looking weak on the 8th and 10th of Jan and how Nifty turned from there? For tomorrow, the bullish stance continues and the first support will be the ascending channel top-line ~ 22050 levels.” 4mts chart Nifty hit a new top of 22124 today…
Nifty50 Analysis Last session we discussed the support level of 19311, this came into play today and proved quite hard to breach. Today’s intraday low 19317 was hit in the first candle itself after a gap down opening. The biggest negative news to start the day was the higher than expected 7.44% CPI inflation that…
