Nifty Analysis Recap from yesterday: “The levels have not changed from yesterday, the first resistance is at 19226 and the 2nd one is at 19310. I am staying neutral till 19226 is not taken out, seems like it could be even done in the forenoon session.” The gap-up took out my resistance of 19226 and…
Nifty Analysis Recap from yesterday: “Keeping the global macros in mind, I still wish to continue my bearish stance and expect the 19446 to be taken out on Monday and retest the 19310 soon.” If you watched the opening minutes, you would not have guessed the 283+ intraday fall possibilities. We had a flat open…
Nifty Quarterly Report Today’s expiry marks the end of Q2 FY2023–24. Between 28th Jun 2023 to 28th Sep 2023 — Nifty has gained 2.89% ~ 547pts. June 28 was special as Nifty had hit a new ATH that day. It crossed the crucial resistance of 18880 then. The rally that started on 28th June ended on 20th…
After yesterday’s rally, today we had a consolidation which can be taken positively. But the real test comes tomorrow as today’s stock action in US markets will show its true color (red mostly) on wednesday 28th Dec. This is largely because we had an unexpected 2.3% spike yesterday and major markets were on holiday And…
Strange looking opening candle by bank nifty today. Mega gap down opening at 43093 and in the first 5mts a rally to close the gap. 193pts ~ 0.45% recovery in the opening 5mts and then a build up till 09.55. From there we had a breakdown till 11.05. Kotak’s Nest trader had price tick issue…
What a spirited performance by bank nifty today! Mega gap up opening at 42163 breaking the all time highs and a perfectly strong buy day today. The attempt to close the gap was short-lived when BN took support at 41929 (The swing high of the last few sessions). This was quite expected after the mega…
