Nifty Expiry Analysis Between the last expiry and today, Nifty has only lost 6pts. Quite a rarity to see a flat close especially when we had some strong preceding moves. The recovery today gave Nifty a strong character change as well. It was looking a lot negative yesterday and further fall was looking obvious. Nifty…
I was personally researching the divergence in SPX and Nifty50. The real reason being the negative performance of SPX in 2022 whereas a buoyant outperformance by Nifty during the same period. I started comparing SPX in USD and Nifty in INR and as soon as I shifted the currency of Nifty50 to USD that divergence…
A good day to take out the support zone of 44068 — was it an over-reaction to the RBI rate decision today? Lets analyze. RBI MPC decided to keep the repo rates unchanged at 6.5% and continue its withdrawal of accommodative stance. Logically no major changes w.r.t last policy day. Handful of participants including me were expecting…
If the interest rates increase its good for the banks & they could rally, but its sentiment negative for all the borrowers. S&P500 and Nifty50 could react differently too as the US market has lower weightage on financials compared to India. Glad yesterday’s short call worked on bank nifty — read here. The price action formed today is…
