NIFTY_TRADES

NIFTY_TRADES

The Big Six of NIFTY 50 - HDFC Bank - Kotak Bank - INFY - ITC - Reliance - TCS Appear to be forming a base ( rounding bottom ) in higher time-frames. It is a very interesting development as these heavyweights together have not been outperforming the broader market, for quite sometime. This could be an early sign that momentum might be shifting towards large caps.

NIFTY_TRADES

It seems that the pair is going to take a historic leap...

NIFTY_TRADES

It is getting interesting in USD INR... the price continues to grind up while well into a strong supply zone.

NIFTY_TRADES

Price is now staying put at the 76.45 zone and the probability of it moving up is more unless Sellers quickly take the initiative from the Buyers.

NIFTY_TRADES

Weekly update - price consolidating / spending time around the supply zone at 76.20. Quite likely, the consolidation might continue in the short-term.

NIFTY_TRADES

16.04.2022 UPDATE The slow grinding upmove of the last couple of trading sessions suggests absorption of supply.

NIFTY_TRADES

What lies ahead in USD INR in the short-term? I have marked zones / levels where one should observe the price action and can, accordingly, set up a trade, long, short of neutral.

NIFTY_TRADES

After breaking out of the multi-week consolidation, price is attempting to move back up into the same consolidation. What happens in the next few trading sessions will be very interesting to observe. Will the auction tag CHVN at 1460 zone? Will it show acceptance above this zone? The next target would then be the CHVN at 1510 zone. Or will the auction fail to stay...