There are 2 types of traders :- Discretionary traders Algo based system traders Discretionary traders are people who believe in their gut to take the trades. Most of the time, they would be right as well. They let their intuition win all the time. These veterans may be trading for more than 2 to 3 decades…
SEBI’s new business plan seems like the story of Kalidasa who tried to cut the branch of the tree on which he was sitting. The segment making the most money for the regulator is at the risk of facing the axe i.e. futures and options (FnO). A government entity trying to help retailers save money…
Nifty Analysis — Stance Bullish⬆️ Recap from yesterday: “The 63mts TF paints another picture, a perfect triple top at the 22780 levels. A double top between 9th and 10th April and the third top today on 30th April.” Nifty opened quite strongly, immediately recouping some of the lost ground in the last session. After cutting almost 50%…
Nifty Analysis — Stance Bullish⬆️ Recap from yesterday: “We are now very close to the ATH and once we take out that, we can safely remove the double top pattern.” Nifty does a decent climb to hit a new all-time high of 22783 and then a brutal fall of 215pts ~ 0.95%. No matter how professional a…
Nifty Analysis — Stance Neutral ➡️ Recap from yesterday: “The support of 22051 will be crucial and N50 has to defend it if we wish to go bullish.” 4mts chart No one would really believe it if we said Nifty50 had an opening low of 21947 i.e. 133 points below the last session close. Well, it was…
Nifty Analysis Recap from yesterday: “My stance continues to be bullish with the first support level revised to 21341. All we can do now is trail the stop loss and let the winners run. 4mts chart link — click here Nifty was absolutely trading in a narrow range with minor dips. More action was visible on BankNifty…
