Nifty Analysis Recap from yesterday: “On the 1hr chart we are almost at the center point of the orange lines (support and resistance) i.e. 19562 and 19786. Nifty has to either fall below or rise above one of these lines to make the big move. Personally, I prefer if it breaks the support and falls…
Nifty Weekly Analysis Nifty has fallen 354pts ~ 1.76% between the last expiry and today. Interestingly the price action on 15th and 18th stands out as an isolated island. Almost 90% of the fall came in the last 2 days which has even changed the sentiment. Nifty Today’s Analysis Recap from yesterday: “For further down…
Nifty Analysis Recap from yesterday: “On the 1hr TF, I will be quite happy if this turns out to be the new top formation. Since the 20100 level was not taken out today, I was not able to take new short positions. We have a holiday tomorrow, but when we resume on Wednesday — I would really…
Nifty Analysis Recap from yesterday: “For Monday I wish to maintain the same 50% neutral 50% bullish stance. And wish to go short if 20100 level is getting taken out.”. Nifty was not neutral today, had a negative bias, but did not fall below 20100 to go short. On Friday SPX closed -1.22% down sending…
Nifty Analysis Recap from yesterday: I wish to stay with the moderately bullish stance for tomorrow as well. Since I am holding a long position my personal preference would be to close above 20167. We had a good positive day today, the start itself was right at the swing high of yesterday and we built…
Nifty Weekly Analysis Between the last expiry and today Nifty is up an impressive 378pts ~ 1.92%. We really did pick up some directional momentum this week. Almost all the sectors were assisting Nifty hit an all time high in this historic week and conquer 20000. Nifty Daily Analysis Recap from yesterday: “I expect the…
Nifty Analysis Recap from yesterday: “For tomorrow I wish to continue with the bullish stance, although I would like to take some safety net via long PUTS as we have the CPI (Inflation) data coming up this week.” The opening 45mts saw huge profit taking, few of the candles were deep red sending out a…
Nifty Analysis Recap from yesterday: For Monday I wish to change the status from bullish to 50% bullish & 50% neutral — that’s because I would like to wait for this news flow to get priced in. The euphoria and FOMO alone should drive Nifty50 to new ATHs, however I do not wish to get into new…
Nifty Analysis Recap from yesterday “On the 1hr TF the W pattern worked out quite good. The next 2 resistance points will be 19786 and 19852 if we are continuing the breakout rally. If we were to fall the first support will be the resistance we just broke i.e. 19678 followed by 19581. For tomorrow…
Nifty Weekly Analysis You may not believe that Nifty has added 444pts ~ 2.31% between the last expiry and today. The bulk of the moves came on 1st Sep and then today. On the weekly timeframe Nifty just broke out from the bullish flag consolidation formation signaling further fire power ahead. Will the global markets…
