Nifty Stance Bullish ⬆️ The good news is that Nifty is up ~425pts or 1.8% between 21st Jun to 28th Jun, the bad news is that my weekly report will now be emailed after Friday’s trading day. For this week’s report, I have price action from last Thursday to this Friday, which means 1 week…
Nifty Stance Bullish ⬆️ We saw what happened yesterday, the kind of unusual price swings, the likes of a pump and dump scheme almost. We had a V pattern and an inverted V pattern yesterday itself and even the bravest of the algo traders would have failed to firefight it. I did lose pretty badly…
Nifty Stance Bullish ⬆️ Nifty continued to make new highs every other day this week, overall it has been a steady week with very few wild swings. Just compare the swing range of the previous week vs this, and you will understand what I am talking about. The new high is 23481 hit at the…
Nifty Analysis Over the last 1 week, Nifty is up only 1.33% ~ 300pts, but we witnessed one of the most violent weeks in the last 4 years. Primarily because the exit polls overshot the expectations which gave a gap up of 3.5% ~ 792pts and then the actual polls came less than expected and…
What a strange day it has been, the moment the market participants realized that BJP will not get a simple majority — we started falling. That realization came in the opening minutes and did not give me ample time to prepare. Honestly, I did not expect such a move today. I really thought we would have the…
Nifty Stance Bearish ⬇️ Over the last 1 week, Nifty hits a new ATH of 23110 and falls 3% ~ 693pts. On a week-2-week basis, we have only fallen 395pts ~ 1.72%. What is more important is that we have started a nice reversal, what needs to be seen is if we get a stronger…
Firstly notifying my readers that I am switching to a weekly technical analysis reporting from the currently daily format. One of the reasons for this is because of the increase in my workload. Thought of spending the additional 1 hour per day to meet clients who would require assistance planning their financial goals. As a…
Nifty Analysis — Stance Bullish ⬆️ Recap from yesterday: “The good thing for the bulls was the fall ended at 10.27, for the remainder of the day we went into a small range bound trade. The final close was flat at -0.08%.” We started today right at the resistance level of 22295 and then started falling. We…
Nifty Analysis — Stance Neutral ➡️ Recap from yesterday: “I am hard-guessing it should be a short covering. The moment we get past 22295, we will be forced to go long.” The open was good and we started climbing quickly but at 22295 levels we got our first rejection. Four strong red candles between 09.51 and 10.27…
Nifty Analysis — Stance Neutral ➡️ Recap from yesterday: “The recovery was more than fast and furious, it even took out the 22051 resistance level. This nudged me to change the stance from bearish to neutral just for tomorrow.” Nifty started the day inline and then started climbing almost steadily. There were no visible drops, pullbacks, or…
