12th Oct ’23 — A perfect Flat day of trade — PostMortem on Nifty & BankNifty

ByBalachandran Viswaram

Nifty Weekly Expiry Analysis Nifty went up 236pts ~ 1.21% between the last expiry and today. The major highlight was its capability to defend the support of 19446 and then breach the resistance of 19776. Today we even retested the support of 19776 and it held and may pave the way for further upmoves. Nifty…

BankNifty Today — 12 MAY 2023 Post-Mortem Analysis

ByBalachandran Viswaram

Another surprise today with 300pts ~ 0.69% move from 13.30 to 14.40, came at a time when no one really expected. Karnataka election results tomorrow and most traders would have anticipated we close the day subdued. The lower than expected CPI data of 4.7% would have leaked with few big-boys and they would have ended…