Nifty Analysis — Stance Bullish ⬆️ Recap from yesterday: “For tomorrow, we wish to maintain the neutral stance and look for bearish opportunities if 22295 is getting broken. If the index moves up, 22519 would be our first level to watch for.” Kotak Bank started the day with cuts of -10% due to the RBI news impact…
Bullish means — the prices are expected to go up in the future. Bearish means — the prices will decline. Trading in a range means the prices are flat and no appreciation/depreciation is likely The simplest way to sense the direction of a stock is to use the moving average indicator on the chart. If the slope is positive — then…
Nifty Analysis Recap from yesterday: “For tomorrow, I wish to maintain the bullish stance with the first target of 19446 and then 19576. If we are going down, the first level to watch will be 19310.” 19446 level never came into the picture today, but 19310 looked quite vulnerable to a breach today. The open…
Well the day did not go as planned for me, if you have read my yesterday’s report you might be cursing me by now. I was pretty bearish, atleast that was what the 1hr chart told me. So when bank nifty opened gap up at 40671 i thought the first resistance at 40698 will hold….
