Nifty Stance Bearish ⬇ In last week’s analysis, we had gone neutral, but that did not turn out to be a good decision. Friday 7th March, we held our ground, but Monday 10th, we broke the 22519 support. Tuesday the 11th, we started with a gap down and significantly below the 22453 support, but the…
Nifty Stance Bearish ⬇ We fell 394pts ~ 1.72% this week and what was noticeable was the gap down on Monday 24th Feb. We were struggling to break down from the 22781 levels. We would have at least bounced from those levels 4 times and the likely outcome discussed was to break it with a…
The first market to react was Japan and its markets fell almost 13% (The markets recovered almost 11% today, but let us see what happened). If I take a loan from a Japanese Bank at 1% interest and convert it to USD when USD/JPY is $140. I buy US assets like bonds with the dollars…
Nifty Analysis — Stance Bearish ⬇️ Recap from yesterday: “Nifty was unable to get into the ascending channel despite results from RELIANCE and major banks. We suspect some weakness is haunting N50. It could completely be news/event-driven or related to the build-up for the budget session. The selling figures from the institutions may be because of this….
Promising price action today if you are bearish. The double top M pattern on the hourly time frame did its job quite nicely today. (Thank god it worked) But seriously what happened today is no reflection to the handout from US markets. SPX was down 1.85% over night & our Nifty50 is only 1% down….
Yesterday we discussed the possibilities that the Finnifty expiry would have interfered with the BankNifty’s natural price flow. It was almost proved right today ! Bank nifty opened gap down at 40494 well below the resistance zone of 40700. From there it was an unidirectional fall till almost 14.15. A total fall of 1.95% ~ 794pts…
There were 4 support & resistance zones in play today, 3 supports broken & 1 held. No pull back rally — just a consolation flat type trading last 3hrs today. Lets analyze it one by one. The accusations against Adani group companies by Hindenburg research caught the lime light today, markets reacting more seriously than on 25th…
Today’s 5mts TF shown below — when you look at the last 3 day’s price action together, what forms is a continuous falling chart. Price line is moving similar to the EMAs in a 45 degree downward slope. Is this technical? I dont think so, this has to be more fundamental based — thats why FIIs are continuing to…
Probably you would feel it repetitive when i said the nifty and bank nifty made moves when the US markets were on holidays. Look what happened today with bank nifty — we have negated the 2 day’s of price action ie. 02 Jan and 03 Jan. Which means we have closed today at the same value as…
Had a real eventful expiry today, with almost a 500+ pts fall from 14.20 to close. Yesterday we discussed about a roof like pattern formed intraday — read here. And today’s price move was in continuation of that trend. Yesterday the handover from US markets were not that positive — but even in bad times our markets has outperformed…
