2nd Nov ’23 — When NEWS flows, technical analysis goes for a spin — PostMortem on Nifty & BankNifty

ByBalachandran Viswaram

Nifty Weekly Expiry Analysis Between the last expiry and today, Nifty has accumulated 299pts ~ 1.59% points. Most importantly it has broken away from the crucial support of 18880. As it stands Nifty is below the resistance of 19310 — but with the momentum it has gathered, seems like it will get tested this weekly series. Nifty…

1st Nov ’23 — Some weakness still persisting — PostMortem on Nifty & BankNifty

ByBalachandran Viswaram

Nifty Analysis Recap from yesterday: “Since we retraced the 38.2% level of 19226 today and the reluctance to go up might be confidence-building for the bears. Also the 23.6% level forms a base for further movements. The issue is that we cannot go outright bearish now, we need further proof of that. Ideally, the 18880…