Nifty Stance Bullish ⬆ Nifty went up 352pts ~ 1.52% this week. It even broke through the resistance level of 23357 which prompted me to change the stance from neutral to bullish. There were 2 events that happened this week. The Union Budget on 1st Feb was received well. It had a significant tax relief…
Nifty Analysis — Stance Neutral ➡️ Recap from yesterday: “For tomorrow we wish to start the day with a neutral stance and look for bullish opportunities as soon as it reaches for the 22519 levels.” Another flat day, but the options premiums were not behaving as usual. The blame may be on VIX as the premiums were…
Monetary means the decisions taken by the RBI and Fiscal means the decisions taken by the Central Govt. Monetary policy could have 2 impacts on the economy 1. growing economy 2. slowing economy Similarly, Fiscal also has the same 2 impacts So at any point, the combination of monetary + fiscal could either be added…
Nifty Analysis Recap from yesterday: “Tomorrow’s RBI’s meeting @ 10.00 AM is going to be a decider — no level of technical analysis can predict when there is a news flow expected. I wish to maintain my long stance as of now although it’s itching to go neutral.” 4mts chart link — click here Nifty had a gap-up opening…
Nifty Weekly Analysis Between the last expiry and today, Nifty is up 845pts ~ 4.21%. It hit a new ATH this week and most importantly broke out from a tough resistance level. Although the main reason was due to the election results, Nifty had some fuel in it to take off. How the current week…
Nifty Weekly Expiry Analysis Between the last expiry and today, Nifty50 has gained 359pts ~ 1.85% and broken 2 important resistance levels. We almost took out the 19776 resistance today but for a strong red candle @ 14.15. Nifty Today Analysis Recap from yesterday: “On the 1hr chart, the next target to break will be…
Nifty Analysis Recap from yesterday: “Although we had a good green day today — the body of the candle was not good enough. So I am not changing my stance from bearish to bullish instead, I am going with a neutral stance for tomorrow.” Everything went in the bull’s way today. The opening was gap-up followed by…
Nifty Expiry Analysis Between the last expiry and today, Nifty has only lost 6pts. Quite a rarity to see a flat close especially when we had some strong preceding moves. The recovery today gave Nifty a strong character change as well. It was looking a lot negative yesterday and further fall was looking obvious. Nifty…
I was personally researching the divergence in SPX and Nifty50. The real reason being the negative performance of SPX in 2022 whereas a buoyant outperformance by Nifty during the same period. I started comparing SPX in USD and Nifty in INR and as soon as I shifted the currency of Nifty50 to USD that divergence…
Nifty Weekly Analysis Between the last expiry day and today, Nifty has managed to rise 152pts ~ 0.78% which is a good sign for the bulls. This flattish phase was much required after Nifty picked up a direction from 21st July. The technical analysis points to a trend continuation possibility and should be good for…
