Nifty Analysis Yesterday we went with a 60% Neutral and 40% bearish stance for today. What happened from open till 13.15 — was in perfect harmony & as per the script. But the intraday rally of 177pts ~ 0.91% was totally shocking! I was unprepared, unplanned and must say ran into losses today because of my bias….
The beast in banknifty got unleashed today, after a long gap banknifty options really started surging today! You wont believe the OTM prices went above the traded range of Wednesday, that too today being an expiry day! BankNifty Weekly Analysis During the current expiry week 9th to 15th June, banknifty shed 556 pts ~ 1.27%….
A good day to take out the support zone of 44068 — was it an over-reaction to the RBI rate decision today? Lets analyze. RBI MPC decided to keep the repo rates unchanged at 6.5% and continue its withdrawal of accommodative stance. Logically no major changes w.r.t last policy day. Handful of participants including me were expecting…
Banknifty was looking weaker compared to Nifty50 today, finally the day ended in green with a W pattern on 5mts TF. Although we started today with a gap-up, the index was bleeding. Banknifty fell underwater by 10.40 — meanwhile Nifty50 was surging supported mainly by NiftyIT which came back strong after yesterday’s trashing. There was no strong…
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…
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…
Before we get into today’s analysis let us spend some time on Inflation, MPC minutes by RBI & health of banking sector. You might be aware we have the MPC minutes & interest rate decision tomorrow. There are 3 possible outcomes status quo dovish hawkish What really prompts RBI to rate hike are 2 things…
Today was another day of personal disappointment for me as i could not find a suitable option selling opportunity. Bank nifty opened inline went over the resistance line of 41629 and then fell back to the negative zone. The open to HOD was only a move of 0.73% ~ 304pts. The swing of HOD to…
If the interest rates increase its good for the banks & they could rally, but its sentiment negative for all the borrowers. S&P500 and Nifty50 could react differently too as the US market has lower weightage on financials compared to India. Glad yesterday’s short call worked on bank nifty — read here. The price action formed today is…
