This video gives an overview of how Indian economy performed during the post covid era, vis-a-vis other countries and using that performance as a benchmark, it explains that as US starts to cut rates, how Indian economy, bonds, currency and equities will likely perform
Currently #ALGO is just above the multi month support after touching amid market crash around the world. Market sentiments are highly bearish but market always recovers. Main support lyes at 0.084 zone and resistance are lying at 0.1250, 0.1650, 0.23 level. Firstly it needs to maintain some momentum and it needs to clear 0.1250 level. If Algo falls below 0.09...
BankNifty Stance Neutral ➡️ Last week we published a report stating our neutral stance, and that held up quite well as we stayed range bound this week. Technically we lost 0.23% ~ 119pts to end the week at 52221. NiftyIT was the main reason N50 swung up and down this week, esp on the 18th. BankNifty was not spared either, we had 5 swings that particular day and...
BankNifty Analysis - Stance Bearish⬇️ BN was unable to defend the 48115 support resistance today and it was an advantage Bears. The overall price action was neutral and that might be related to the expiry trades. There were a couple of instances where BN moved 100+ pts in minutes - this really had an impact on the algo trades, but happy that major damage was not...
BankNifty Analysis - Stance Bearish⬇️ BankNifty also fell in a single legged manner right from the open till 11.35. The fall totally unchecked by the Bulls and in a way came as a surprise as the BTFD people usually do not let the markets fall in this fast and furious manner. BN showed more weakness than N50, partly because NiftyIT was in great GREEN shape today....
Nifty Analysis - Stance Bearish⬇️ Recap from yesterday: "Our markets not rallying as against the recovery in US markets - speculating something to do with the re-election and taxation. Since I do not have any data points, will wait for more clarity." After having an inline opening, Nifty50 started falling quite aggressively. Without a real struggle, 22295 was...
BankNifty Analysis - Stance Bullish⬆️ We were quite sure BN would be bullish today but honestly did not think we would gain 1223 points ~ 2.54% in total. ICICI Bank had good quarterly results, but the outperformance was unexpected, that really fuelled the rally today. Can you believe, BN overshadowed NiftyIT, reclaimed the torchbearer status, and then hit a new...
BankNifty Analysis - Stance Bullish ⬆️ BN also gets a stance upgrade to bullish, the momentum that was lacking till now came from sources we never knew existed. Kotakbank has a stunning 9.11% weightage on BN index and despite it being 10% down, BN managed to rally 886pts ~ 1.86% intraday today. BN managed to surpass the 48103 resistance which gave it the bullish...
Nifty Analysis - Stance Bullish ⬆️ Recap from yesterday: "For tomorrow, we wish to maintain the neutral stance and look for bearish opportunities if 22295 is getting broken. If the index moves up, 22519 would be our first level to watch for." Kotak Bank started the day with cuts of -10% due to the RBI news impact from yesterday. The spillover effect was visible on...
Nifty Analysis - Stance Neutral ➡️ Recap from yesterday: "For tomorrow we wish to start the day with a neutral stance and look for bullish opportunities as soon as it reaches for the 22519 levels." Another flat day, but the options premiums were not behaving as usual. The blame may be on VIX as the premiums were dead low that even a small 50+ points move created a...
Nifty Analysis - Stance Neutral ➡️ Recap from yesterday: "The 63mts time frame is not bullish yet, but we are not bearish now. The best we can think of right now is to go neutral. If we fall back below 22295 tomorrow, we might even go short." Nifty was perfectly neutral today after the opening candle. Since RELIANCE declared its quarterly results yesterday, we...
BankNifty Analysis — Stance Neutral ➡️ BN had a flat day too but not after a deadly looking opening candle. If you look at the charts, it is more or less a replica of what happened yesterday. BN shows it is taking a breather after the recent run. Not falling off from the current levels is an advantage Bulls. Just like we mentioned yesterday, 48103 is an interim...
Nifty Analysis - Stance Neutral ➡️ Recap from yesterday: "I strongly think it was an intense short covering that fueled this rally and hence does not wish to alter my bearish stance. If we get past 22295 on Monday or Tuesday, I would change the stance to neutral." Nifty snaps out of bearishness by breaking the 22295 resistance. Even though we had an unusual...
BankNifty Analysis - Stance Bearish⬇️ BankNifty was more dramatic versus N50, it went ahead and rallied 1093pts ~ 2.35% and ended up taking out the crucial resistance of 47465. The momentum favors a stance change to neutral, but I would like to wait for one more day for confirmation. The lowest point of the day was hit in the opening candle and the highest point...
Nifty Analysis - Stance Bearish⬇️ Recap from yesterday: On the higher TF, we wish to maintain the bearish stance even though we did not get a 63mts closing candle below 22051. I am hoping that we may get one in the forenoon session tomorrow. Unseen momentum on Nifty50 today, we woke up to the bad news that Israel has launched counter strike on Iran, and Gifty...
BankNifty Analysis — Stance Bearish⬇️ “The power of a strong support/resistance zone will help you in your technical analysis” — Anonymous. See what happened today, BN started strong and was keeping its head above the 47465 support for a long time. Between 10.19 to 10.31, there was an attempt to break this SR, but it failed. BN reclaimed the 47700 levels and...
Nifty Analysis - Stance Bearish⬇️ Recap from yesterday: "For bearish continuation, we need to take out the 22051, whereas for Neutral stance shift, we need to take out 22295." We did take out the 22051 support today on the 4mts TF but not before some drama. Initially Nifty was showing strong upside potential knocking the 22295 resistance level. By 12.15, I almost...
BankNifty Analysis - Stance Bearish⬇️ BN managed to hold on to 47465 levels quite decently. All intraday straddlers would have had a decent day as there were no swings or whipsaws. We opened below the 47465 level but managed to close above it giving some hope to the Bulls. If we close above 47465 levels on the 18th, I might change my stance from bearish to...