Nifty Analysis — Stance Bullish ⬆️ Nifty hits a new ATH and then falls over 155 points, goes below water, and then closes 23 points lower @ 22642. The new ATH is 22768. The main villain again was the NiftyIT sector which had a -1.59% 566 points intraday fall. Firstly it went up 535 points in the…
Nifty Analysis — Stance Bullish ⬆️ Recap from yesterday: “Today was an inside day with no real momentum and that does not mean that we are not bullish.” Nifty does a gap up and then continues the climb to hit a new ATH of 22697 by 13.19. You would be surprised that the majority of those gains…
Nifty Analysis — Stance Bullish ⬆️ Recap from yesterday: “Now take a look at the 63mts chart, and see where the reversal came from ~ 22295 levels. That is the main reason why we said a stance change is required only if 22295 is broken and since we did not do that, we continue to remain bullish.”…
Nifty Analysis — Stance Bullish ⬆️ Recap from yesterday: “This is because if Nifty50 reverses, there is no way BankNifty can maintain the positive momentum. For tomorrow we wish to start with the bullish stance itself and go neutral if the 22295 levels are not holding.” Absolutely crazy price action today, we fell a whopping 315 points…
Nifty Analysis — Stance Bullish ⬆️ Recap from yesterday: “We wish to maintain the bullish stance for tomorrow as well, but we will be a bit cautious if Nifty falls below 22393 levels. A stance revision may not be even required till 22295 is broken” As we feared yesterday, we got the drop below 22393 levels but…
Nifty Analysis — Stance Bullish ⬆️ Recap from yesterday: “But before we go long, let us give it a day or two because the reaction today may be the after-effect of the adjustments and rebalancing that was done over the last 2 to 3 days due to year-end.” Nifty was falling gradually, almost maintaining the same slope…
Nifty Analysis — Stance Bullish ⬆️ Recap from yesterday: “In the end, made peace with whatever happened during the day. When we start trading on 1st April, we will start with a bullish stance.” Nifty surprises everybody and recovers the loss of the final 45mts of trade on 28th March. What a good start to the new…
Nifty Analysis — Stance Bullish ⬆️ Recap from yesterday: “We are still hanging on to the inverse head and shoulders pattern and strongly hope we should have some movement to the 22295 levels by tomorrow.” 4mts chart Unbelievable intraday price action by Nifty50 today. A rise of 369 points ~ 1.67% and then a sharp fall of…
Nifty Analysis — Stance Neutral ➡️ Recap from yesterday: “We drew an inverse Head & Shoulders pattern on the 22nd. If that holds true, we should be getting some assistance tomorrow or the 28th” 4mts chart Nifty did more than okay today, we opened above the resistance level of 22051 and then steadily climbed to 22181 before…
Nifty Analysis — Stance Neutral ➡️ Recap from yesterday: “The support of 22051 will be crucial and N50 has to defend it if we wish to go bullish.” 4mts chart No one would really believe it if we said Nifty50 had an opening low of 21947 i.e. 133 points below the last session close. Well, it was…
