26th Oct ’23 — Nifty hits the jackpot of 18880 — PostMortem on Nifty & BankNifty

ByBalachandran Viswaram

Nifty Weekly Expiry Analysis Nifty fell a whopping 765pts ~ 3.90% between the last expiry and today. Most importantly it has retraced all its gains from 28th June to close below 18880. We will cover why that is relevant below, but this fall of 4% signals a reversal in trend. Even though VIX is still…

25th Oct ’23 — When will the 18880 level get broken? — PostMortem on Nifty & BankNifty

ByBalachandran Viswaram

Nifty Analysis Recap from yesterday: “Since we are back at the 19310 levels, my point is — the next fall may be as deep as 18880 i.e 430pts ~ 2%. Nifty has no experience trading between these 2 zones earlier, so the supports should be equally powerless. I can mark the top of the candles as support…