Nifty Analysis — Stance Bullish ⬆️ Recap from yesterday: “Yesterday’s W pattern is no longer valid as today’s action has nullified it. Our stance continues to be neutral with a slight inclination to the bearish side. It seems like FIIs are not done unwinding their positions — the run-up to the Budget 2024 looks interesting.” 4mts chart Two major…
Nifty Analysis — Stance Bearish ⬇️ Recap from yesterday: “The breach of the upper trend line of the ascending channel is quite visible in the higher time frame. Ideally, it is not a pure bearish signal as we are technically still in the bull market. We are changing the stance to bearish from neutral for the ultra-short-term…
Before we discuss the daily analysis, let me pull up the huge explosive jump in Finnifty CE prices. Usually, I dont bore you with FinNifty charts or numbers unless its expiry day, but today requires some real attention! This screenshot was taken at 13.09 today, with just 1 more day to expiry the jump in…
