Nifty Stance Bullish ⬆ First of all, a big sorry for not posting in the last2 months. No, it was not because I wasn’t trading; it was because of some other good news. I got a contract to write a new book on “How to learn mutual funds in 30 days,” and I was working…
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 Neutral ➡ Friday 28th February, was amazing. We opened the day directly below two support levels 22519 and 22453. It was quite clear the direction was going to be downward as the momentum was in favor of the Bears. By Monday, the 3rd March, we broke the 22051 support as well. This was…
Nifty Stance Bearish ⬇ Over this week Nifty has fallen by 113pts ~ 0.49%, but the bears could not breach the 22781 support level. Now that is serious, we have knocked on this door at least 5 times and every time we got a rejection. The momentum is building up and a breach will take…
Nifty Stance Bearish ⬇ Before I start the postmortem weekly analysis, I am so glad to inform you that my book “How to join the top 1% options traders club, from starting out to profitable trading” is now available online as well as in leading bookstores. If you manage to find a copy, do send…
Nifty Stance Bearish ⬇ Over the last week, we fell 132pts ~ 0.57%, but most importantly we defended the resistance level of 23357 confidently. On 3 occasions we went above this level, but the bears managed to bring Nifty down to a comfortable position. Another interesting fact is that we hit a new session low…
Nifty Stance Bearish ⬇ The opening hour on Friday really set the tone and I had published in tradingview minds that if we get a close below 24466, it’s better to go short. Guess what, we closed below 24466, but the short trade did not really work out then. Markets are rigged to the core,…
Nifty Stance Bullish ⬆ This week Nifty is up 577pts ~ 2.4% which means our stance has changed from neutral to bullish. The price actions on Monday, Tuesday and Wednesday were well received and there was sanity in the markets. What happened on the 5th, Thursday is sure to give you shivers. We saw a…
Nifty Analysis — Stance Neutral ➡️ Recap from yesterday: “The recovery was more than fast and furious, it even took out the 22051 resistance level. This nudged me to change the stance from bearish to neutral just for tomorrow.” Nifty started the day inline and then started climbing almost steadily. There were no visible drops, pullbacks, or…
Nifty Analysis — Stance Bearish⬇️ Recap from yesterday: “On a closing basis, N50 finished the day above 22295 at 22302. Ideally, I should change the stance from bearish to neutral, but let me give the benefit of the doubt to the Bears for one more day.” If you look at the horizontal lines, it may appear like…
