Nifty Weekly Expiry Analysis Between the last expiry and today, N50 has gained 94pts ~ 0.45%. Most importantly we hit a new ATH of 21593 this week and also saw a massive RED candle yesterday. However, N50 was able to defend its fall quite well today. The next week should be full of action as…
Nifty Analysis Recap from yesterday: “After surging past the 20875 levels — N50 is not willing to take the rest. We broke out from the ascending channel, now it has formed a trend line well above that — how do I explain this craziness to someone? For tomorrow the bullish stance continues and the first support level will be…
Nifty Analysis Recap from yesterday: “I do not wish to change Nifty’s stance — I still prefer to look for long-only trades. However, 21341 would be the laxman rekha for me tomorrow also.” 4mts chart link — click here Nifty does another gap-up today which is sold into falls over 142pts ~ 0.66% to hit an intraday low of…
Nifty Analysis Recap from yesterday: “My stance continues to be bullish with the first support level revised to 21341. All we can do now is trail the stop loss and let the winners run. 4mts chart link — click here Nifty was absolutely trading in a narrow range with minor dips. More action was visible on BankNifty…
Nifty Analysis Recap from yesterday: “Nifty has shown it is stronger than thought by bouncing off the channel’s upper boundary. For tomorrow, my stance is revised to bullish. Since we are at ATH, I do not have an upper target, but my support level will be 21037.” 4mts chart link — click here Results continue to amaze…
Nifty Weekly Expiry Analysis Between the last expiry and today, Nifty gains 1.36% ~ 285pts. 1.23% ie 90% of the weekly gains came today. Since we hit a new ATH, the Bulls might be partying hard — December has been a good month for them so far. I am still worried for the Bears who have been…
Nifty Analysis Recap from yesterday: “But from a real price action perspective, I have changed my ultra short-term stance to neutral now. To gain back the bullish momentum, Nifty has to close above 21037. To go bearish, Nifty has to fall below 20691.” 4mts chart link — click here Nifty does a classic U-turn today, around the…
Nifty Analysis Recap from yesterday: “For tomorrow also I prefer to maintain the bullish stance. If we are unable to build momentum and Nifty is falling to the 20900 levels then I may have to change the stance to neutral by the end of the day.” 4mts chart link — click here Even though we had a…
Nifty Analysis Recap from yesterday: “On the 63mts TF, The uptrend stays intact. BankNifty has resolved the directional doubt on the upside which may impart more strength to Nifty next week. How high can we go — I am not sure. I wish to continue with my bullish stance till proven wrong.” 4mts chart link — click here The…
Nifty Analysis Recap from yesterday: “Tomorrow’s RBI’s meeting @ 10.00 AM is going to be a decider — no level of technical analysis can predict when there is a news flow expected. I wish to maintain my long stance as of now although it’s itching to go neutral.” 4mts chart link — click here Nifty had a gap-up opening…
