Nifty Stance Neutral ➡ Nifty went up 80pts ~ 0.34% over the last week but not before some drama. From the chart below you can notice two horizontal lines resistance at 23357 support at 22781 You may have also noticed how Nifty hit both these lines this week and reversed exactly from that zone. On…
Nifty Stance Bearish ⬇ Over the last week, we fell 132pts ~ 0.57%, but most importantly we defended the resistance level of 23357 confidently. On 3 occasions we went above this level, but the bears managed to bring Nifty down to a comfortable position. Another interesting fact is that we hit a new session low…
Nifty Stance Bearish ⬇ We dropped 208pts ~ 0.89% over the last week. What would have been a superb bear trend was cut short at 23047. The price action of Monday 13th Jan was dangerous and it got the entire investing community talking. The recovery from there has been nothing short of magic, but the…
Nifty Stance Bearish ⬇ I had guided for a bullish week if you had read my last weekly report. Everything looked up, as we had moved close to 766 points in the last expiry. Surprisingly, tables changed fast enough, on Friday we had a down day and then on Monday, we had an immense fall….
Nifty Stance Bullish ⬆ In the last post mortem report, I did indicate the change of stance if Nifty goes above 24177. Nifty has a close of 24188 (weighted average) and 24167 (traded value) — so I cannot say with a 100% guarantee if we got a real close above 24177 or not. The 445 pts ~…
Nifty Stance Bearish ⬇ On a week-to-week basis, we only fell 204pts ~ 0.85%, but things definitely did not look good last Friday. We could have easily taken out the 23350 levels but the reversal on Monday halted the momentum. I guess the sellers will have to rally the market again to push it down…
Nifty Stance Bearish ⬇ The opening hour on Friday really set the tone and I had published in tradingview minds that if we get a close below 24466, it’s better to go short. Guess what, we closed below 24466, but the short trade did not really work out then. Markets are rigged to the core,…
Nifty Stance Neutral ➡ After last week’s rout, I had gone long on the index. Now when I look back, it was a poor decision to make. The reasons for going long was mostly because of the price action on the 5th of December when we had that humungous rally. This week we had an…
Nifty Stance Bullish ⬆ This week Nifty is up 577pts ~ 2.4% which means our stance has changed from neutral to bullish. The price actions on Monday, Tuesday and Wednesday were well received and there was sanity in the markets. What happened on the 5th, Thursday is sure to give you shivers. We saw a…
Nifty Stance Neutral ➡ This week was really terrible for me, not only did it wipe out my November, but it took out the October gains as well. Well, I do not blame the market for that, it was all on my overconfidence. Never ever thought the state elections would play the role of big…
