Strong resilience shown by Indian markets and almost all Asian markets today, despite the continuation of the War @ Iran-Israel. Nifty goes long, our last short entry now invalidated. Points earned = +268. https://in.tradingview.com/chart/0oypWTgo/ The reason for the bounce may be because Israel is seen as winning this battle. As always, when the Western economy…
Bank nifty opened at 38811 just above the resistance line marked for yesterday. It tried to rally but was short lived. From 9.15 to 9.30 due to the upward move the CE options near ATM surged pretty heavily. This may be because the call writers would have got nervous and exited the short position fearing…
As expected Bank nifty gap’d down and opened at 440889, but as unexpected BN rose to fill up the gap till 9.35. And what happened from 9.40 to 10.40 was again as expected wherein the BN falls to the support and then makes a pause. Infact what even happened from 11.05 to 12.40 was as…
Bank nifty opened (40685) right at the support level (40689) made an aggressive move down to 40509 which happened to be the swing low of last working day. For a moment i thought bank nifty is breaking down — but it didnt & the support held quite strong. The 4th candle was a pretty strong one and…
