ANKITHSHAJU

NIFTY Short Term Analysis

NSE:NIFTY   Nifty 50 Index
🍁nifty in a crucial level(support @14200-250 range)🍁

🤼‍♂️🤼‍♂️if falls from current level can see a short term down trend in the market(may see 14100-14000 levels & long bearish trgt 13750)🐻🐻

🔰if take support @ current level can see 14300-450 levels in short term🔰

🔥budget is the major upcoming event🔥

is market discounted the budget ??
or budget ride possible ?

🔰kotak bank published postive result.but it felt down🔰
⚠reliance still falling after the postive result ⚠ Y ??

do you noticed somthing 🙏🤷‍♂️

JOE BIDEN officially become the president of US.

after this FII's started selling !

Y? anybody noticed it.

🍁just look into the previous days.there is no a proper direction in that country.that mean there is no president officiallly.so us economy was under performed mean that there is no president,no corporate actions,no stimulus etc...these are some important factors of an emerging economy.Do you understand my points.(u can ask me if u had any doubt)🍁

in the absence of president US economy underperformed.⚠

so FII's dumped money to the Indian economy.Because India is an emerging country.⚠ 🔶

But what about US now ??

🔰they have a WHITE HOUSE (president)🔰
🤼‍♂️So the American economy will regain strength.So FII's reducing money from Indian market.this is the one reason for this profit booking.

in my view it is an important fact for this profit booking.

Y kotak felled / Y banks felled ??🔶

The RBI report said that the gross ratio of bad loans could rise sharply by September 2021. ... The RBI said in the report that the ratio of gross bank NPAs (GNPA) could rise from 7.5 per cent in September 2020 to 14.8 per cent by September 2021 in a “severe stress scenario”.
- BIG NEGATIVE for banks

bank nifty chart added in to the related idea

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