Nifty Stance Bearish 🐻 After the short signal was triggered, the Nifty50 fell 416 points to end the week at 24965. We almost came close to a long signal reversal on Thursday, 09.31 AM, but Nifty decided otherwise. The retracement green candles are sharper and more volatile, indicating fear in the minds of bears and…
Nifty Stance Bullish 🐂 Our last long signal came exactly on 20th June, i.e. the same day the last report was written. On Monday we had a gap-down due to conflict escalation of Iran-Israel as the US went ahead and bombed Iran’s proposed nuclear sites. Fortunately, our EMAs did not cross over and on the…
Nifty Stance Bullish 🐂 I had to make some adjustments to the EMAs and the timeframes to account for the choppiness. The revised EMA looks better and the strategy tester gave me the following results P&L percentage — 17.59% Profit percentage — 39.62% Profit factor 1.62 The time frames are switched back to my original 16mts and 63mts custom…
Strong resilience shown by Indian markets and almost all Asian markets today, despite the continuation of the War @ Iran-Israel. Nifty goes long, our last short entry now invalidated. Points earned = +268. https://in.tradingview.com/chart/0oypWTgo/ The reason for the bounce may be because Israel is seen as winning this battle. As always, when the Western economy…
Nifty Stance Bearish 🐻 Last week, we had gone long at 24616 when the EMAs had a positive cross; things were looking pretty awesome back then. In fact, everything was okay till yesterday 11th June, and we were on track to go for 25400 when the news broke out that Israel may take on Iran….
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 ⬇ We fell 394pts ~ 1.72% this week and what was noticeable was the gap down on Monday 24th Feb. We were struggling to break down from the 22781 levels. We would have at least bounced from those levels 4 times and the likely outcome discussed was to break it with a…
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…
