18 Aug ’23 Post Mortem on Nifty & BankNifty | Bears managed to close below 19309 today

ByBalachandran Viswaram

Nifty Analysis There was only 1 goal for the bears today, to close the markets below 19309. Somehow they got it done today which means we are in for a bear ride next week. Let me try to explain. We opened right at the 19309 level and then fell to 19258 levels by 10.45 in…

25 Jul ’23 Post Mortem on Nifty & BankNifty | Nifty Starting to Break Down?

ByBalachandran Viswaram

FinNifty Weekly Analysis Finnifty has actually moved up 209pts ~ 1.03% between the last expiry and today. What this means is the recent reversal in Nifty is yet to reach the financial service index. Moreover the finance sector esp. Banks were looking strong throughout the last week. FinNifty had a decent expiry today, closing almost…