Nifty Analysis I had a feeling that we are nearing a top after seeing the price action on 03 Jul. The 4th Jul session was also cementing that thought. And today’s session till 14.35 was giving me lot of confidence to take a short position. But what happened from 14.40 to close, esp. 15.500 to…
FinNifty Expiry Just like yesterday, the jump in options premium at CE side was explosive. BAJFINANCE +7.19%, BAJAJFINSV +5.8% was the main reason for the gap-up opening. This screenshot was taken at 10.12 almost near the end of the opening 1hr, Finnifty was around the 20300 level. Its quite understood when the near ATMs has…
Before we discuss the daily analysis, let me pull up the huge explosive jump in Finnifty CE prices. Usually, I dont bore you with FinNifty charts or numbers unless its expiry day, but today requires some real attention! This screenshot was taken at 13.09 today, with just 1 more day to expiry the jump in…
Firstly a big thankyou to the TradingView “MINDS” community for supporting & cheering my work. I have published the post mortem of the Quarter April to Jun 2023 as a book on Amazon. You can buy the same by clicking here. (Some offer is running currently & the book is available for free for next…
28th June 2023 was the last day of quarterly/monthly/weekly expiry. And a good one to remember too. Nifty50, BankNifty & Finnifty hit a fresh all time high today. The fresh ATHs are: Nifty — 19011.25 BankNifty — 44508.4 Finnifty — 19954.9 Yesterday NSE had advanced the expiry day from 29th June to 28th June. This opened the flood gates of buying…
Two major news broke out during market hours that really tipped the scale in the favor of bulls. NSE decided to have the current weekly/monthly expiry day to 28th instead of 29th due to Bakri Id holiday shift. HDFC-HDFCBK merger will cause HDFC shares to delist on Jul 13th And then we had another major…
None of the major indices were that volatile yesterday. After the weekend news/events from Russia — we were hoping to have some wild swings today. Quite opposite to the expectation, all the 3 major indices — Nifty50, BankNifty and NiftyIT was relatively stable & closed flat today. BankNifty BN opened gap up, but right at the opening itself we…
Even in spite of the recent greenish momentum, we were all looking for a bearish breakthrough. I cannot say with 100% confidence that we are on the verge for a timely correction — but the markets are quite indicating that way. Banknifty is again scoring over Nifty50 by staying more stable and swinging lesser. Today’s episode may…
Weekly Analysis of BankNifty Banknifty is up 259pts between 15th to 22nd June i.e. current expiry week. Interestingly, BN was looking at steeper cuts on 15th — the price action was pretty negative. Luckily that level is still sacrosanct and has formed an interim support as we had one more retest @ 20th June. Today’s Analysis The…
Yesterday I said, “ I will be a believer if we continue the green spell tomorrow also.” — guess what Finnifty hit all time high today at 19660.1 at 13.55. This is partly due to the news flow in HDFC & HDFCBK (both are having good weightage in finnifty). This is the main reason it outperformed with…
