Nifty stance Bearish 🐻 My trading signal gave a reversal today at 10:19 AM; see the red arrow, which indicates we are now bearish. The last long signal yielded a decent 614 points, ~ 2.47%. Trading this week was really hectic; on every particular day, we opened gap up only to lose away the gains…
Nifty Stance Bearish ⬇ We dropped 208pts ~ 0.89% over the last week. What would have been a superb bear trend was cut short at 23047. The price action of Monday 13th Jan was dangerous and it got the entire investing community talking. The recovery from there has been nothing short of magic, but the…
Nifty Stance Bullish ️⬆️ Back-to-back 1.9% weekly moves, Nifty moves an astonishing 953 points over the last 2 weeks. There is nothing that could possibly stop this train. What is more interesting is that 100% of this move came on Thursday + Friday, till then Nifty was flat and would have given the impression that…
Nifty Stance Bullish ️⬆️ Nifty moves an amazing 474pts ~ 1.91% during the week 9th to 13th September and upgrades its stance from neutral to bullish. Of these 438pts ~ 1.75% surge came on 12th Sep and between 13.30 to 14.51. 12th Sep was an expiry day and I had shorted 25250 at 3.50 and…
Nifty Stance Neutral ➡️ Nifty has only fallen 379.95pts ~ 1.5% this week and it is pretty early to go bearish, but the structure gives a lot of hope for a bear attack. You all might agree that we are in an overvalued territory, even if we fall 20%, we might still be overvalued. If…
Nifty Stance Bullish ⬆️ Last week I said, Nifty may not go above 24800 by the 22nd and we ended Thursday 11 points above the target. Over the week we went up 292pts ~ 1.19% and the ATH of 25078 is now looking pretty easy to conquer. For the current expiry, I expect Nifty to…
Nifty Stance Neutral ➡️ It is too early to go short, but the US markets have already reversed and the news coming in is pretty bleak. Reports suggest the legend WB has unloaded 50% shares of Apple & has a cash balance of $277 billion — source. We only fell 160pts ~ 0.64% this week and this…
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 ⬆️ We saw what happened yesterday, the kind of unusual price swings, the likes of a pump and dump scheme almost. We had a V pattern and an inverted V pattern yesterday itself and even the bravest of the algo traders would have failed to firefight it. I did lose pretty badly…
