3rd Oct ’23 — The opening 5mts candle has a story to tell — PostMortem on Nifty & BankNifty

ByBalachandran Viswaram

Nifty Analysis Recap from yesterday: “My stance still remains bearish with the first downside target of 19446. The moment we break 19776 on the upside — I wish to exit the short stance and go long.” The first target of 19446 was not today even though we dropped 103pts in the opening 5mts. The low of today…

BankNifty &Nifty50 Today — 12 JUN 2023 Post-Mortem Analysis

ByBalachandran Viswaram

Quite an unexpected performance by NiftyIT today up +1.51% which would have spoiled the party for the Nifty50 bears. Last week as it ended was looking pretty negative for Nifty and flattish for BankNifty. Banknifty had a steady day today, down only 0.1% but the prices were consistently falling giving the impression that selling is…