Nifty Analysis For the last two days both my predictions have gone wrong. On 23rd Aug I recommended a long but we closed in negative territory. On 24th I recommended a neutral stance, but we went deep red today. On both the occasions, I had mentioned the rationale on why I have taken that decision…
Weekly Analysis Between the last expiry and today, Nifty has just gone up by 32pts ~ 0.17%. But this week has seen a wide swing of 332pts ~ 1.72% i.e from the low of the week to the high of the week. The drama mostly in today’s price action which we will be discussing shortly….
Nifty Analysis On our last day’s report we discussed the possibility of Nifty staying above the 19309 levels. It was with great difficulty that we got a closing below 19309 on Friday, today we opened right there and then had a good rally till 19370 levels. Immediately we started reversing and fell below water by…
Nifty Analysis On Friday 4th Aug Nifty made a gap up opening and created an island day. We had changed the stance from bearish to neutral. And today nifty managed to build-up momentum on top of what happened on Friday, to me — that’s bullish. After opening gap, nifty managed to stay above the 19530 level quite…
Nifty50 Analysis For 2 consecutive days the bears had a good time and now it is over! Today’s price action and the inability of the sellers to push down the prices indicate the bulls are gaining traction. Most analysts would prefer to watch for 1 to 2 more days before changing the bearish bias — I would…
Nifty Weekly Analysis We lost 373pts ~ 1.89% between the last expiry day and today. Usually Nifty ends up compensating the loss by dip-buying. For the first time in many weeks — the dip buying is not that intense and that may open up more cuts in the coming weeks. Our stock market in specific has been…
Nifty Analysis Maybe it was the news that Fitch cut the US rating from AAA to AA+ (news report here) that sparked the reversals in Asian markets. Our market too started to fall but had a decent recovery in the last 1 hr (just as usual). The global markets were staying at elevated levels for…
Nifty50 Analysis It is almost safe to say that Nifty has crawled out of bear grip, on friday we did discuss the last 45mts that changed the game. Except for the first 5mts candle, rest of the play today was from the same script of Friday. The biggest mistake was to assume the first candle…
Nifty Analysis The open was as expected and the first 2 candles made sense when we retouched yesterday’s swing low.But what followed after that was more of a discouragement for the bears. No matter how hard the bears try — they are unable to push down the prices. We had a gradual fall to the intraday low…
Nifty Analysis Today’s gap up opening and the race towards 19825 took out my stop loss. From last Friday we were short on Nifty, this stop loss hit proves to me that the bears are short lived in our market. Nifty50 went up 147pts ~ 0.75% from the prev. close enough to take out the…
