Nifty Analysis Recap from yesterday: “Since Monday is a holiday, it gives us added uncertainty on what to expect on Tuesday. Despite the 94pts gain by Nifty — I still see the price action as negative. I would like to go with a bearish stance for 26th Dec.” 4mts chart link — click here Seems like I got the…
Nifty Weekly Analysis Between the last expiry and today, Nifty has only fallen 172pts ~ 0.87%. Meanwhile, BankNifty fell 1.42% in its weekly expiry (we discussed it in yesterday’s newsletter). Nifty is still range bound whereas BankNifty has dropped below the support. Usually BankNifty leads the reversals, so we can increase our expectation of a…
Banknifty was fighting hard to stay in green, Nifty50 on the other hand was vulnerable to fall. Another day went by wherein Nifty was proving to be more volatile than banknifty. Percentage wise both banknifty and nifty fell around 0.5% between 12.30 to 14.30 but the perceived fall for nifty50 was higher as the prevailing…
