Nifty Analysis If you had read yesterday’s report, I am sure you would have anticipated the gap down today & the profit taking that followed. Read yesterday’s report — click here. Today’s price action may not be a structural change or the start of the next bear rally (at least too early to comment). What I feel…
Writing about what happened today is one thing, being alive as a trader after watching each 5mts candle — priceless! After what happened today, I am almost 100% certain that my report will not holistically include all the information there is. Let me still try! Gap up opening at 41115 above the resistance level 40868, till 12.15…
I will be slightly modifying the daily postmortem journal to include 5 major sections Price action of bank nifty index Price action of the 6 major components in bank nifty The option strategy that would have worked today Comparison of BankNifty vs SPX (S&P500 US index) 15mts & 1hr TF of Bank nifty to view…
Bank nifty opened gap up at 40802 almost +228 points. The first candle was bearish red & i thought bank nifty will close the gap, but it didnt. Note that BN is trading near all time highs and there is no resistance level here. In spite of these, BN is not breaking down — so the bulls…
