It is happening everyday, even today. Banknifty went up 198pts in 25mts between 14.45 to 15.10, again a closing hour move! The last 1 hour moves in index is not something new now, I am still guessing many traders would have anticipated a directional move today! If we look the chart, the scope for that…
A positive day for sure +0.37% close, but the trading action did not show positivity. The gap up opening might have been result of a 1.45% gain on SPX on Friday. We started building on the gap-up today and it seemed like we will be having an outperformance just like SPX. At least that was…
I was not able to participate for any trading activity for these 3 days — 31 May to 02 Jun. The fever really held me down ! Let me try to assess what went through by looking at the charts. The analysis accuracy may be much lower than regular days where I see first-hand every price action. 31…
Yesterday’s high of 44483.35 broken today, the new ATH is now 44498.6 thanks to the last 2 5mts candles of today. Banknifty is now in some real good form — not planning to retire any time soon. Would have got some inspiration from MSD from the IPL 2023. The opening was not that exciting, we even fell…
There is some good news and some bad news. Good news first — banknifty just hit an all time high of 44483.35. The bad news is that from a technical standpoint — there is no easy trades we can take from here. The gap up was 0.64% ~ 283pts that itself was enough to break the ATH. From there…
How the day started and how it ended was similar to a bollywood movie. Just look at the encircled 1st candle and then the 1.10% ~ 480pts rally that followed. banknifty 480+ pts intraday rally from LOD Logically the move we had in the day was in agreement with the momentum that started yesterday 14.05. But…
So we have some good news from one of the broker. Zerodha has enabled SENSEX & BANKEX futures & options trade. Those options expire every fridays. Most likely other brokers also will follow suit. So if you plan properly you get an expiry day-trade set up on Tuesdays — FinNifty Wednesday — MidCapSelect Nifty (Poor liquidity) Thursday — Nifty50 & BankNifty…
Today’s price action on the 3 indices Nifty50, BankNifty and FinNifty were conflicting due to which none of them really went anywhere. NiftyIT had a down day that doused the fire in Nifty50 to break-through the resistance of 18419. Similarly Finnifty was unable to get past 19421. From the start there was huge shorting on…
First time in many weeks, banknifty underperformed nifty50. Ideally this move should have come last week when nifty50 had 2 more resistances to break and banknifty was near ATH. Better late than never. Nifty50 shooting pass banknifty is actually good for the entire stock markets in India. Only when all the components have caught up — a…
There was so much of hidden meaning in today’s price action. Both banknifty and Nifty50 opened gap-up and then started falling. Banknifty fell 0.97% from High to Low, whereas Nifty fell 0.66% only. This fall is the 1st anomaly, this happened at a time when NiftyIT was roaring! It opened gap-up and was shooting up….
