08 Jan ’24 — Nifty Breaks the Trendline This Time — Nifty & BankNifty PostMortem Analysis

ByBalachandran Viswaram

Nifty Analysis — Stance Bearish ⬇️ Recap from yesterday: “Our stance is still neutral with equal possibilities in either direction. Since Nifty50 is following the ascending channel’s top trend line — the chances of going up look more probable. To go down — we need news flow/event as there is no technical weakness.” 4mts chart link The gap up open today…

05 Jan ’24 — Nifty takes support at the trendline — Nifty & BankNifty PostMortem Analysis

ByBalachandran Viswaram

Nifty Analysis — Stance Neutral ➡️ Recap from yesterday: “The first thing we had to do was to change the stance from bearish to neutral. To go bullish we need some more momentum, if it comes up in the forenoon session — I will update you via TV minds.” 4mts chart link Two things happened today A gap-up open — which…