Nifty Analysis Recap from yesterday: “Nifty has made an island today and is in uncharted territory. If the momentum persists, we can see unusual outperformances. If there is negative news or weakening global macros — we can see a fall too. Since we have broken out from an ATH, the chances of momentum continuation are higher. I…
Banknifty was fighting hard to stay in green, Nifty50 on the other hand was vulnerable to fall. Another day went by wherein Nifty was proving to be more volatile than banknifty. Percentage wise both banknifty and nifty fell around 0.5% between 12.30 to 14.30 but the perceived fall for nifty50 was higher as the prevailing…
Today’s expiry was totally different, something i havent seen for many weeks. Mainly the premiums were dead low coupled with directional move that came very late in the day. Traders who got into straddles & exited by the noon would have made handful today, but people like me who depend on volatility as entry criteria…
I was running out of content last week to write about, thank god we had some interesting price move today — hoping to see further action in this week. Mostly due to the above expected retail inflation surge of 6.52%. Bank nifty’s fall today was not due to the above expected CPI — i can say this with assurance…
Another range bound day today with no resistance or support breaks, straddles would have loved it with the premiums dying 17 to 18% without having to do anything. This week on monday, wednesday & friday — i was unable to find any short selling opportunity — now thats a first! Bank nifty opened gap down 41452, but if you…
Unlike yesterday we had some price moves today, a typical V pattern that would have given traders something to cheer about. Otherwise a falling volatility would have sucked out the premiums from the weekly options. Bank nifty open was inline at 41513, traded flat till 10.35 after which we had our first move of the…
Yesterday we started discussing on the habit of banknifty taking out the support & resistance via gaps. Thats what happened today also. We opened gap up at 42994 above the resistance level of 42888. This was the same resistance level that had a breakout failure yesterday, so today we took that out in open. The…
Probably you would feel it repetitive when i said the nifty and bank nifty made moves when the US markets were on holidays. Look what happened today with bank nifty — we have negated the 2 day’s of price action ie. 02 Jan and 03 Jan. Which means we have closed today at the same value as…
Quite a different trading day today, the opening set up was looking as bearish but bank nifty recovered all the losses but didnt have enough power to rally up S&P500 index dropped 0.73% on friday — setting a negative tone for the Indian markets. Going by the same sentiment bank nifty opened gap down at 43455, made a…
Feeling pretty tired after watching today’s price action. For the last 3 days i have been looking out on the bearish side of bank nifty. The day started gap up and then a rally of 127pts in the first 5mts candle. This was inline with the recent swing high level — took an immediate resistance and then…
