Nifty Analysis — Stance Neutral ➡️ Recap from yesterday: “Momentum is a great thing in technical analysis, the trend starts only when the momentum is in favor because if things stay as it is — markets will recover.” 4mts chart Whatever trap was set up by the Bears, it was busted open today with the gap-up. We opened 167…
Bank nifty lost over 1.75% today of which ~ 1% was lost in the gap down open itself. The open was at 41951 pretty near to our support line 41940. The first candle showed positivity & i thought maybe bank nifty will hold the level. By the 2nd candle it had fell back to the…
What a spirited performance by bank nifty today! Mega gap up opening at 42163 breaking the all time highs and a perfectly strong buy day today. The attempt to close the gap was short-lived when BN took support at 41929 (The swing high of the last few sessions). This was quite expected after the mega…
Bank nifty might have closed in the green today, but i am of the opinion that the price action formed today is negative. I would like to short bank nifty from here especially because its weekly expiry tomorrow. BN opened gap up at 41914 made a strong red candle — keep in mind this is the all…
The price action formed today is negative, i am inclined to go short although nifty50 shows contradicting signals Bank nifty ended today’s trade flat with a drop of only 0.04%, but i feel the price action was on the negative side. BN opened gap up at 41552 made a red candle first 5mts, and then…
