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…
Nifty Weekly Analysis Between the last expiry and today, Nifty is up 845pts ~ 4.21%. It hit a new ATH this week and most importantly broke out from a tough resistance level. Although the main reason was due to the election results, Nifty had some fuel in it to take off. How the current week…
Nifty Analysis Recap from yesterday: “For tomorrow, I prefer to hold on to my long stance with 20690 as a reversal level. If the uptrend is intact — we hope to see the laggards also catch up with the winners shortly.” 5mts chart link — click here. It might look like we had a lot of action today seeing…
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: “I would like to see this as a breakout with a new higher high in the cards. For this to happen, BankNifty has to reclaim its ATH” 5mts chart link — click here For those long on Friday, it would have been a dream come true. 347pts gap-up open followed by a…
Nifty Analysis Recap from yesterday: “On the 1hr TF, 20015 was today’s stop and reversal level. The hourly candle seemed pretty strong, but some credibility has to be given to this new support level. I wish to continue with my bullish stance, the upper target will be the ATH and the lower target will be…
Nifty Monthly & Weekly Expiry Analysis On a weekly basis, we are up 314pts ~ 1.59%, and on a monthly basis, we are up a stunning 979pts ~ 5.12%. We took out 5 important resistance levels in this current month ie 19226, 19310, 19446, 19562, 19776. Most of the points were gained by gap-ups and…
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: “On the 1hr TF, I would still like to continue with my neutral stance. Only if 19875 gets taken out, we can hope for some followthrough on the upside.” 5mts chart link — click here So finally we had a breakthrough of the 19875 levels. Notice my stance for the last 6…
