Interesting moves by bank nifty today, the closing statement from my yesterday’s report said. I personally would like to wait for the range to be broken decisively before changing my bearish bias. Got lucky with the analysis yesterday as banknifty was consistently proving me wrong in this calendar month so far. But i am sure…
Simply unexplainable moves by bank nifty from 13.50 today. From the traders fraternity i saw few group of traders planning for long trades — they got immensely rewarded. For some reason i was keeping by bearish bias & hence ended the day quite unsatisfactorily. Overnight we had a dip in SPX -1.53%, DJI -1.72%, NDQ -1.22% — seriously i…
What good was done yesterday is undone today, we had a resistance rejection as well as the support breach — bank nifty below 41624 again ! Most of them would have guessed it right that bank nifty wont break out from the 41940 resistance zone. But very few would have guessed that we will have a breakdown of…
We had that resistance breakout today, a much awaited 41624 break. This makes the coming days exciting — most importantly tomorrow’s expiry Bank nifty opened inline at 41674 and made a series of red candles till 09.40, a fall of 0.52% and crucial 41624 SR rejection. From there it made steady gains to take out the SR…
Today’s market price action would not have surprised anyone, thats mainly because we had some breathtaking moves last 2 to 3 days. So today bank nifty was pausing to take some breath. Tomorrow we have the Union Budget — so we can expect some moves after 11 AM when the FM starts her speech. But honestly the…
What a day today ! I had to take some for things to sink in. We literally had 3 support & resistance in play today & that should make an amazing post mortem today. The open was inline at 42703 very near to the close yesterday, i was hesitant to go in with a debit ratio…
Well for starters — yesterday’s bullish call didnt go that well. Niftybank ended 0.21% lower. Luckily its only down 37 odd pts because at 13.35 we were 595pts ~ 1.41% from the HOD. If you had read by bullish call before that — you would have thought i am crazy. From an expiry trading perspective today proved to be…
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…
Quite a boring day today with bank nifty, maybe the bulls would have already started partying for the wonderful year they had in 2022. 21% return on investment for bank nifty this current calendar year — why would the bulls not party? BN gap’d up at 43401 and was falling gradually, there was an interesting candle at…
