Nifty Analysis If you had witnessed yesterday’s 13.15 hourly candle that took out 95pts ~ 0.49%, you would not have guessed Nifty will rebound today. At least I did not expect. I was having a bullish bias on nifty50 which you can understand from the report yesterday, but the bullish PUT spread carried forward from…
Nifty Weekly Analysis Between the last expiry & today, Nifty50 is actually down 40pts ~ 0.21%. That seems quite hard to believe especially when we had an ATH break today right? The fact is N50 broke out from the 19500 levels today & that would have created the perception that nifty had a gaining week….
Nifty50 Analysis We had 2 downward selling momentum, the first one mainly due to the gap up opening — which saw a loss of 106pts by 12.00 and then the 2nd one between 14.40 to close which erased 99pts. Technically Nifty has fallen only 55pts today, the gap-up messed up the numbers. So we had a dip…
Nifty50 Analysis Today we had a perfect inverted V formation. The high of the day at exact 12.00 noon. A rally of 82pts from opening level and then a fall of 66pts. Even though nifty fell today, it was showing so much of positive energy and a general reluctance to fall. We will bring up…
Nifty Analysis The day started with a gap up at a 50% level between the high & low of the last session. From there we saw 2 to 3 candles of fall, but nothing serious to retest yesterday’s swing low. From 09.35 to 10.40 we had a good rally up to the 61.8% retracement levels….
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…
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…
