Nifty & BankNifty Analysis — 08 May 2024 — Nifty defends 22295, but not going neutral yet —…

Nifty Analysis — Stance Bearish⬇️ Recap from yesterday: “Also in the 63mts TF we did not really break it, if you are a conservative trader, it is a good idea to wait for one full candle to form below 22295.” Today the entire action was around the 22295 levels. The open was a gap down and N50…

8th Nov ’23 — Nifty hits the resistance, Going Neutral — PostMortem on Nifty & BankNifty

Nifty Analysis Recap from yesterday: “For tomorrow, I wish to change my stance to neutral if 19446 is not getting broken in the opening 2 hours. I would love to go bearish if 19310 support is broken” The encircled areas on the chart represent the period when 19446 resistance was in play. The open was…

13 Sep ’23 Post Mortem on Nifty & BankNifty + Weekly Expiry Analysis of BankNifty

Nifty Analysis Recap from yesterday: “I wish to just wait and watch for tomorrow and not get into an aggressive long position until Nifty50 has consolidated at the current levels. I wish to modify my stance to neutral from bullish. If we break the 19870 levels tomorrow — I wish to go short (bearish).”. I did not…