Nifty Stance Neutral ➡️ Nifty has only fallen 379.95pts ~ 1.5% this week and it is pretty early to go bearish, but the structure gives a lot of hope for a bear attack. You all might agree that we are in an overvalued territory, even if we fall 20%, we might still be overvalued. If…
Nifty Stance Bullish ⬆️ Last week I said, Nifty may not go above 24800 by the 22nd and we ended Thursday 11 points above the target. Over the week we went up 292pts ~ 1.19% and the ATH of 25078 is now looking pretty easy to conquer. For the current expiry, I expect Nifty to…
Nifty Stance Bullish ⬆️ Last week we discussed how Nifty was still in the bearish stronghold and then a break above 24389 was mandatory for a change in stance. This week, Nifty not only broke the 24389 ~ 61.8% retracement level but went ahead and broke the 24525 ~ 78.6% level too. This double break…
Nifty Stance Bearish ⬇️ Last week we shifted the stance to neutral, but monday’s price action was more than enough to go bearish. Japan’s markets fell almost 13% on the 5th of August due to news about carry trades. I have written an article on what is a carry trade and you can read it…
Nifty Stance Neutral ➡️ It is too early to go short, but the US markets have already reversed and the news coming in is pretty bleak. Reports suggest the legend WB has unloaded 50% shares of Apple & has a cash balance of $277 billion — source. We only fell 160pts ~ 0.64% this week and this…
Nifty Stance Bullish ⬆️ Nifty is up 324pts ~ 1.32% this week. Markets fell on the 19th and then the weakness continued till Thursday. What happened today, 26th surprised everyone as Nifty recovered 1.76% ~ 428pts to hit a new ATH of 24861. We had a poor budget, wherein the short term capital gains (STCG),…
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 Stance Bullish ⬆️ The stance on Nifty has remained bullish for many consecutive weeks, and it seems like there is nothing that can deter this powerful train. On a weekly basis we gained 190pts, we saw a minor weakness on 10th July but by the 3rd hour that day, we resumed the buying momentum….
Something magical happened this week, my article on “Goal setting, Mutual Funds” was published in Malayala Manorama Sampadyam. It is a monthly journal in my native language “Malayalam” that has over 2,50,000+ subscribers. Feeling blessed. Nifty Stance Bullish ⬆️ Nifty’s dream run continues, unchecked and unchallenged. Every other day a heavyweight supports Nifty, one day…
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…
