Something magical happened this week, my article on “Goal setting, Mutual Funds” was published in Malayala Manorama Sampadyam. It is a monthly journal in my native language “Malayalam” that has over 2,50,000+ subscribers. Feeling blessed. Nifty Stance Bullish ⬆️ Nifty’s dream run continues, unchecked and unchallenged. Every other day a heavyweight supports Nifty, one day…
Nifty Stance Bullish ⬆️ The good news is that Nifty is up ~425pts or 1.8% between 21st Jun to 28th Jun, the bad news is that my weekly report will now be emailed after Friday’s trading day. For this week’s report, I have price action from last Thursday to this Friday, which means 1 week…
Nifty Stance Bullish ⬆️ Nifty continued to make new highs every other day this week, overall it has been a steady week with very few wild swings. Just compare the swing range of the previous week vs this, and you will understand what I am talking about. The new high is 23481 hit at the…
Nifty Analysis Over the last 1 week, Nifty is up only 1.33% ~ 300pts, but we witnessed one of the most violent weeks in the last 4 years. Primarily because the exit polls overshot the expectations which gave a gap up of 3.5% ~ 792pts and then the actual polls came less than expected and…
Nifty Stance Bearish ⬇️ Over the last 1 week, Nifty hits a new ATH of 23110 and falls 3% ~ 693pts. On a week-2-week basis, we have only fallen 395pts ~ 1.72%. What is more important is that we have started a nice reversal, what needs to be seen is if we get a stronger…
Firstly notifying my readers that I am switching to a weekly technical analysis reporting from the currently daily format. One of the reasons for this is because of the increase in my workload. Thought of spending the additional 1 hour per day to meet clients who would require assistance planning their financial goals. As a…
Nifty Analysis — Stance Neutral ➡️ Recap from yesterday: “The recovery was more than fast and furious, it even took out the 22051 resistance level. This nudged me to change the stance from bearish to neutral just for tomorrow.” Nifty started the day inline and then started climbing almost steadily. There were no visible drops, pullbacks, or…
Nifty Analysis — Stance Neutral ➡️ Recap from yesterday: “On the 63mts TF, the bearishness continues. The next target of 21913 is still in our watchlist and if we fall below that — the real action begins.” The day took me by surprise, not with the inline opening and a 248pts ~ 1.12% downward fall, but the reversal of…
Nifty Analysis — Stance Bearish⬇️ Recap from yesterday: “On the higher time frame, we have a double top formation (M pattern). To negate the pattern we would have to take out the ATH, otherwise, it looks like a nice setup to go bearish. 22519 is a good interim support level, the main support comes only at 22295.”…
Nifty Analysis — Stance Bearish⬇️ Recap from yesterday: “Once we breached the support, there was no attempt to retrace. One thing is missing though — momentum. The weak hands still hold the shorts..” 4mts chart Nifty went ahead and broke the recent swing low. The lowest point today was 21710. From the open till 10.47 — the index played as per…
