31 Aug ’23 Post Mortem on Nifty & BankNifty — Monthly, Weekly & Daily Expiry Analysis

ByBalachandran Viswaram

Nifty Monthly Analysis In the Aug monthly series, Nifty is down 387pts ~ 1.97%. This month did not produce a reversal signal even though there were 2 attempts on 24th & 30th respectively. As it stands Nifty is following a bearish trend channel quite efficiently. My next support comes at 18880, so if the fall…

BankNifty Today — 27 APR 2023 Post-Mortem + Monthly Expiry Analysis

ByBalachandran Viswaram

Monthly Analysis In this monthly series banknifty has moved up 2958pts ~ 7.40%. By any standards that is really superb. It has taken out 7 crucial resistances in the process and is now exactly at the 8th resistance point. This outperformance is cementing India’s growth story to the global financial markets. Everywhere else the news…