Nifty Analysis Recap from yesterday: “But from a real price action perspective, I have changed my ultra short-term stance to neutral now. To gain back the bullish momentum, Nifty has to close above 21037. To go bearish, Nifty has to fall below 20691.” 4mts chart link — click here Nifty does a classic U-turn today, around the…
Nifty Analysis Recap from yesterday: “For tomorrow, I prefer to hold on to my long stance with 20690 as a reversal level. If the uptrend is intact — we hope to see the laggards also catch up with the winners shortly.” 5mts chart link — click here. It might look like we had a lot of action today seeing…
Nifty Analysis Recap from yesterday: “I would like to see this as a breakout with a new higher high in the cards. For this to happen, BankNifty has to reclaim its ATH” 5mts chart link — click here For those long on Friday, it would have been a dream come true. 347pts gap-up open followed by a…
If you are a stock or options trader, you might not have taken the trade without analyzing the charts. Gone are those days when traders punch orders just by looking at the prices. All professional traders prefer to take the shot after viewing the chart and that too after analyzing multiple timeframes. There is one…
Nifty Analysis Recap from yesterday: “On the 1hr TF, 20015 was today’s stop and reversal level. The hourly candle seemed pretty strong, but some credibility has to be given to this new support level. I wish to continue with my bullish stance, the upper target will be the ATH and the lower target will be…
Nifty Monthly & Weekly Expiry Analysis On a weekly basis, we are up 314pts ~ 1.59%, and on a monthly basis, we are up a stunning 979pts ~ 5.12%. We took out 5 important resistance levels in this current month ie 19226, 19310, 19446, 19562, 19776. Most of the points were gained by gap-ups and…
Nifty Analysis Recap from yesterday:”On the daily time frame you can notice how the recent run-up from 19310 has played out. The next targets on the upside are quite tricky as Nifty has not spent a decent time above these levels, 20010 and 20107 are some faint resistances” 5mts chart link — click here Nifty got the…
Nifty Weekly Expiry Analysis Between the last expiry and today, Nifty has just made +50.75pts ~ 0.26%. Some credit should be given to NiftyIT which helped Nifty to stay green when BankNifty was taking deep cuts. Looking at the chart, it is unable to make out even if we had a losing week on BankNifty…
Nifty Analysis Recap from yesterday: “One thing is for sure, we would need BankNifty to fire up and reverse course for any further bullish stunts by Nifty. There is no way Nifty can do it without the support from the Banks. I would prefer to maintain my neutral strategy till we take out the 19875…
Nifty Weekly Expiry Analysis Between the last expiry and today, Nifty50 has gained 359pts ~ 1.85% and broken 2 important resistance levels. We almost took out the 19776 resistance today but for a strong red candle @ 14.15. Nifty Today Analysis Recap from yesterday: “On the 1hr chart, the next target to break will be…
