Nifty Stance Neutral ➡️ Nifty managed to only gain 14pts ~ 0.06% this week, but we hit a new ATH on all 4 working days. The new ATH is 24854, but before we talk about that — the price action of 18th Jul requires special mention. We fell 84pts ~ 0.34% between open & 09.35, then we…
Nifty Analysis — Stance Neutral ➡️ Recap from yesterday: “For Monday, we wish to maintain our stance of neutrality. To go long the resistance of 21913 has to be taken out and to go short 21615 has to be broken first and then 21491” 4mts chart Nifty opened a bit gap-up and then started declining immediately. It…
Nifty Analysis — Stance Neutral ➡️ Recap from yesterday: “We broke the 21491 support by 12.24. Just look at the strength of the candles today — 5 RED candles followed by a Doji. Our stance changed from neutral to bearish as soon as the support was breached.” 4mts chart The open was perfect — a good gap-down followed by selling pressure,…
Nifty Weekly Analysis The close we had on 4th Jan was 21669.6, the close today is 21669.4. Nifty moved -0.2pts this expiry. Unbelievably flat! Would have been a dream come true for traders who took home short iron fly & short straddle last week. 16mts chart link Nifty Analysis — Stance Neutral ➡️ Recap from yesterday “The…
Nifty Analysis — Stance Neutral ➡️ Recap from yesterday “Interesting price action formed at the current levels. Seems like where we are right now is a crucial support/resistance zone that could decide the next trend. Our call of bearishness will continue until N50 can break through the channel top line.” 4mts chart link Even without breaking the…
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…
Nifty Analysis Recap from yesterday:”On the daily time frame you can notice how the recent run-up from 19310 has played out. The next targets on the upside are quite tricky as Nifty has not spent a decent time above these levels, 20010 and 20107 are some faint resistances” 5mts chart link — click here Nifty got the…
Nifty Analysis Recap from yesterday: “If you have read my previous post-mortem reports, I have been staying neutral since the 17th and it looks like that is going to change tomorrow. As soon as 19875 is broken on the 1hr TF, I would prefer to go bullish. I will update you guys via the tradingview…
Nifty Weekly Expiry Analysis Between the last expiry and today, Nifty has just made +50.75pts ~ 0.26%. Some credit should be given to NiftyIT which helped Nifty to stay green when BankNifty was taking deep cuts. Looking at the chart, it is unable to make out even if we had a losing week on BankNifty…
Nifty Analysis Recap from yesterday: “So I would like to continue with my neutral stance till then. For bullish momentum to resume, Nifty will have to take out 19776 and 19875 in one go, but for a bearish signal a single support break would suffice.” 5mts chart link — click here The open was right at the…
