Nifty Analysis — Stance Bearish⬇️ Recap from yesterday: “Also in the 63mts TF we did not really break it, if you are a conservative trader, it is a good idea to wait for one full candle to form below 22295.” Today the entire action was around the 22295 levels. The open was a gap down and N50…
Nifty Analysis — Stance Neutral ️➡️ Recap from yesterday: “The 321pts intraday rally has ensured N50 gets a stance upgrade to Bullish with the next target being the ATH. If it takes out the ATH, then we can safely remove the double top pattern.” Nifty had a great feast on Thursday that it had to throw up…
Nifty Analysis — Stance Bullish ⬆️ Recap from yesterday: “This is because if Nifty50 reverses, there is no way BankNifty can maintain the positive momentum. For tomorrow we wish to start with the bullish stance itself and go neutral if the 22295 levels are not holding.” Absolutely crazy price action today, we fell a whopping 315 points…
Nifty Analysis — Stance Bullish ⬆️ Recap from yesterday: “In the end, made peace with whatever happened during the day. When we start trading on 1st April, we will start with a bullish stance.” Nifty surprises everybody and recovers the loss of the final 45mts of trade on 28th March. What a good start to the new…
Nifty Analysis — Stance Bullish ⬆️ Recap from yesterday: “Since Nifty50 fell below our support line, we had to reverse the stance back to neutral. In case Nifty50 climbs back up tomorrow and hits a new ATH, today’s move will just appear as a blip, and the stance will go back to bullish.” 4mts chart Honestly speaking,…
Nifty Analysis Recap from yesterday: “For Monday I wish to continue my bearish stance with the first target being 19563 and second 19484. If the momentum fades and we are unable to pick a direction in the opening 2 hours — I wish to change my stance to neutral to a wait and watch mode.” Firstly my…
Nifty Weekly Analysis We have fallen 201pts ~ 1.03% between the last expiry and today. If you notice the chart below, Nifty is closely following the bearish trend line and we will get a range convergence soon. If the support line of 19309 is not breaking — we will have a bullish reversal. Global macros, India inflation…
Nifty Monthly Analysis Nifty is up 707pts ~ 3.73% this July Expiry month. The breakout from the last known resistance of 18880 came on the last working day of the previous month. All Nifty had to do was sustain that momentum and see where it has taken it? Almost for 11 days Nifty revised its…
28th June 2023 was the last day of quarterly/monthly/weekly expiry. And a good one to remember too. Nifty50, BankNifty & Finnifty hit a fresh all time high today. The fresh ATHs are: Nifty — 19011.25 BankNifty — 44508.4 Finnifty — 19954.9 Yesterday NSE had advanced the expiry day from 29th June to 28th June. This opened the flood gates of buying…
None of the major indices were that volatile yesterday. After the weekend news/events from Russia — we were hoping to have some wild swings today. Quite opposite to the expectation, all the 3 major indices — Nifty50, BankNifty and NiftyIT was relatively stable & closed flat today. BankNifty BN opened gap up, but right at the opening itself we…
