4th Dec ’23–418pts breakout on election results — PostMortem on Nifty & BankNifty

Nifty Analysis Recap from yesterday: “I would like to see this as a breakout with a new higher high in the cards. For this to happen, BankNifty has to reclaim its ATH” 5mts chart link — click here For those long on Friday, it would have been a dream come true. 347pts gap-up open followed by a…

1st Dec ’23 — Nifty on the cusp of Breakout? — PostMortem on Nifty & BankNifty

Nifty Analysis Recap from yesterday: “On the 1hr TF, 20015 was today’s stop and reversal level. The hourly candle seemed pretty strong, but some credibility has to be given to this new support level. I wish to continue with my bullish stance, the upper target will be the ATH and the lower target will be…