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MASTEK looks good PositionallyChart Structure: - Stock is in a continuous uptrend since May. - Currently, the price is near the All-time High Range (It might close at ATH) - Price is around 2793.45 at the time of the study. Volume & Deliveries: - Huge accumulation has been seen in the second half of July. - Around 9.48 lac shares were delivered during the period with an average delivery of 1.58 lac shares/day whereas the average deliveries prior was 53,000 shares/day. - Above-average deliveries are being seen in the first half of August. - On 1st September around 1.88 lac shares were delivered (around 5x of current average) - 3 Mutual Funds bought the Significant Quantity of shares in July whereas 5 MFs reduced small quantities of MASTEK in their portfolio. Relative Strength: - MASTEK is Relatively stronger than Nifty50 as well as the Midcap index. - It has outperformed the Nifty50 & its Sector (Nifty-IT) in 1W, 1M, 3M, 6M, 1Y, 2Y & 5Y timeframes. - Historical chart data shows that Mastek has performed well when it became RS positive and gave significant returns while outperforming the Markets. - After becoming RS positive in April (with the new ARS date) RS has improved significantly and not flipped flopped. - While Nifty & Midcap corrected, MASTEK has shown little correction. - Spread Chart breakout has been observed 3 sessions back. Financial Performance: - Q1 sales growth stood at 7% QoQ & 34% YoY - Q1 PBT growth stood at 9% QoQ & 49% YoY - Q1 PAT growth stood at 13% QoQ & 73% YoY - Overall financials have improved. Sectoral Performance: - Since its breakout on 15th July, Nifty IT has grown by 17.5% - The sector is consistently outperforming Nifty50 significantly. - MASTEK has outperformed Nifty-IT on 1W, 3M, 6M & 1Y timeframes. TLDR (Too Long Didn't Read): - Stock is near ATH - Stock has good volume & deliveries - Stock's RS is strong, outperforming Nifty & Sector. - Co.'s financial performance was good in Q1. A good Stock to Study & keep eyes upon.
NSE:MASTEKLong
by AmanSaraf
Mentorship InstaView 02 Sept’21: What Slow Down? 
Nifty View: The benchmark Nifty index seems to be in no mood to consolidate or slowdown. A gain of over 150 points in today’s session takes the index to a new life high and close at 17,247. Early signs of price-momentum divergences have stated to shape up in the intraday charts which can lead to a consolidation, but considering the underlying momentum and resilience it seems that those consolidation will only lead to further rally. It’s prudent to maintain a bullish bias and look for buying opportunities rather than attempting to short this market. Please watch the video for a more detailed analysis. Thank you for following my work and please feel free to share your thoughts and suggestions.         Trade Well. Trade Wise. 
NSE:NIFTY1!
by Abhijit_Paul
NIFTY scales new peak and closes as well around the peakNIFTY 50 EOD ANALYSIS -02-09-21 IN SUMMARY O / H / L / C 17095.4 / 17245.5 / 17059.7 / 17234.15 H-L = +186 points VIX 14.24 / +0.357% FII DII: +729 Crores Likely open: Positive but there may be consolidation taking place as the Net Volume of FIIs DIIs is not significant. And all eyes on where the week closes - above 17200? CHART BASED CONCLUSIONS NIFTY made a new ATH and closed also at a new ATH which is closer to the ATH level indicating a strong close. However, NIFTY had almost retested the lows of yesterday in the opening candle itself but they smartly recovered within the first 5 minutes and then never looked back. The ride to the top was somewhat choppy and not smooth and the biggest move of the day happened in the first 5-minute candle itself. The rest were climbing the proverbial Wall of Worry. That also justifies the slight jump in the VIX. NIFTY WEIGHT LIFTERS & DRAGGERS The Weight Lifters TCS 25 RELIANCE 18 HDFC LIFE 15 SHREE CEMENTS 13 HUL 10 TOTAL 81 The Draggers M&M 04 BAJAJ FINSERV 03 BAJAJ FINANCE 02 DIVIS LABS 02 TATA MOTORS 01 TOTAL 12 Lifter - Draggers = +69 There was not much negativity and that is what has propelled NIFTY to scale a new peak. POSITIVES Despite INFOSYS not being able to contribute, TCS led from the front and put up a great show of strength. Clearly, it has come a long way. The FMCG giant HUL too has been keeping pace which is a good sign. HDFC twins and RELIANCE also ended in the green. RELIANCE crossed 2300 but ended the day just below the line. FIIs DIIs are both Net Buyers. NEGATIVES BANK NIFTY is finding it hard to cross the 37000 lines. MARUTI as well as TATA MOTORS are under some sort of pressure on account of the semiconductor news. These two need to move up firmly as they have been trading within a range for a while now. INFOSYS made a deep dive to 1663 and recovered in the late trade but closed a few points below its 20 DMA. On account of its weightage, it is important that it restores 1700+ levels for NIFTY to remain above 17200. TRADING RANGE FOR 03-09-21 17000-17300 is the range that I can think of for the final day of the week. BANK NIFTY support stays at 36200-400 and resistance at 37000-37200. INSIGHT / OBSERVATIONS The tendency of a scrip to go below its key moving averages and then make an attempt to come back up is a good sign indicating that the selling pressure has been exhausted for now and renewed buying interest has taken place. This is what seems to be happening in INFOSYS. Tomorrow’s session will decide on whether it reclaims 1700 level or faces some hurdle around the 20 DMA resting at 1690. What do you feel about this? Thank you, and Happy Money Making! Umesh 02-09-21 P.S. If you choose to comment on the above, please do so with your analytical view rather than merely passing a comment. Your presentation of the view held by you would help other readers as well. NOTE -- This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title as well as its contents can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right.
NSE:NIFTY
by AVENUESOFINVESTMENT
Mentorship InstaView 31 Aug’21: Malaang 
Nifty View: The rally and momentum continues as the benchmark Nifty index gains over 150 points to scale above the milestone of 17K - congratulations. The lack of any sign of consolidation or intra-day correction clearly establishes the fact that we are in a very strong Bull market. With this recent up move the index has now moved into a state of high-ranged UP trend which essentially means a consolidation is nearby. Please watch the video for a more detailed analysis. Thank you for following my work and please feel free to share your thoughts and suggestions.         Trade Well. Trade Wise. 
NSE:BHARTIARTL1!
by Abhijit_Paul
1
FIIs show their might as NIFTY surges past 17100 with easeNIFTY 50 EOD ANALYSIS -31-08-21 IN SUMMARY O / H / L / C 16947.5 / 17153.5 / 16915.85 / 17132.2 H-L = 238 points VIX 14.52 / +9.01% FII DII: +1909 Crores Likely open: Positive but profit booking may kick in if Global cues do not support. CHART BASED CONCLUSIONS And the surge continued today as well and NIFTY finally sailed past 17000 with relative ease and ended comfortably above 17100. It appeared that it may retest levels below 16900, but then it quickly recovered and then never looked back except for the lunch session quick fall which was bought in ti by the bears. NIFTY is likely to set its own course as it builds its bases in the newer zones. The daily charts indicate a strong bullish candle. NIFTY WEIGHT LIFTERS & DRAGGERS The Weight Lifters BAJAJ FINANCE 38 TCS 16 BAJAJ FINSERV 16 HDFC 14 BHARTI AIRTEL 12 TOTAL 96 The Draggers RELIANCE 07 NESTLE 04 TATAMOTORS 02 INDUSIND 01 BPCL 01 TOTAL 15 Lifter - Draggers = +81 The above indicates that a larger base of scrips in the NIFTY family helped it close above 17100. POSITIVES NIFTY crossed 17000 and closed above 17100 with ease. BANK NIFTY finally emerged out of the resistances and soared which helped NIFTY. Broader market participation resulted in NIFTY scaling higher levels with relative ease. FIIs are back with a bang in the buying business and clearly, this had a positive impact on NIFTY. Top 5 NIFTY heavyweights ended the month at their respective ATH which is a great positive. NEGATIVES BANK NIFTY kept underperforming and had a very narrow range for the day. VIX is up 9% as shorters would have been forced to run cover. RELIANCE as usual chose not to participate in the rally and this alone has the potential to be a spoilsport for NIFTY. DIIs have sold heavily indicating that from their viewpoint, the short-term top is nearing or has been reached. TRADING RANGE FOR 01-09-21 At best 17000 base is what I can think of for now. We will need to see how the index moves during the week before deciding on the levels. BANK NIFTY support base stays at 35400-500 and resistance at 35800-36000-36200. INSIGHT / OBSERVATIONS Top 5 heavyweights of NIFTY recorded ATH close on monthly candles. Like RELIANCE, KOTAK BANK also has the tendency to play its own game. Except that today HDFC BANK also joined it and saved BANK NIFTY from slipping from the lower levels. BANK NIFTY has formed a Doji candle on the daily chart with good volumes. It is a sign of caution or a positive move ahead. We will need to wait and watch. As long as HDFC BANK stays positive, it will handle BANK NIFTY on the upside. What do you feel? Thank you, and Happy Money Making! Umesh 31-8-21 P.S. If you choose to comment on the above, please do so with your analytical view rather than merely passing a comment. Your presentation of the view held by you would help other readers as well. NOTE -- This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right.
NSE:NIFTY
by AVENUESOFINVESTMENT
Mentorship InstaView 30 Aug’21: I Believe I Can Fly 
Nifty View: A strong opening to the week from the benchmark Nifty index today. A gain of over 200 points to inch very close to the next milestone - 17,000. There is no dearth of momentum and resilience and so we should not question the possibility that this 17K level will be breached. However intraday charts are a little stretched in terms of momentum indicators and so a slow down is likely ahead this week. Please watch the video for a more detailed analysis. Thank you for following my work and please feel free to share your thoughts and suggestions.         Trade Well. Trade Wise. 
NSE:NIFTY1!
by Abhijit_Paul
The roar of the Bulls lifts NIFTY above 16900NIFTY 50 EOD ANALYSIS -30-08-21 IN SUMMARY O / H / L / C 16775.85 / 16951.5 / 16764.85 / 16931.05 H-L = 187 points VIX 13.32 / -0.67% FII DII: +1990 Crores Likely open: Positive but profit booking may kick in if Global cues do not support. CHART BASED CONCLUSIONS NIFTY surprised most as it ended the day above 16900 and a few points away from the ATH level. The gap-up opening above the resistances was sustained throughout the day and after some consolidation, it kept inching up. NIFTY is now clearly in the proverbial “Uncharted Territory” so the action will be stock movement based as well as how well BANK NIFTY manages to hold higher levels. The daily charts indicate a strong bullish candle. NIFTY WEIGHT LIFTERS & DRAGGERS The Weight Lifters RELIANCE 30 BAJAJ FINANCE 23 ICICI BANK 20 HDFC BANK 17 AXIS BANK 13 TOTAL 103 The Draggers INFOSYS 07 TCS 04 NESTLE 04 TECH M 03 EICHER MOTORS 01 TOTAL 19 Lifter - Draggers = +84 The above indicates that a larger base of scrips in the NIFTY family helped it pass the ATH level and close also at a new ATH. POSITIVES NIFTY crossed 16900 with relative ease. BANK NIFTY finally emerged out of the resistances and soared which helped NIFTY. RELIANCE closed at 2275 after almost a 10 month period and as long as it holds 2250, it has the potential to head higher taking NIFTY even higher. MARUTI and TATA MOTORS finally managed to turn around and possibly the short covering in these two would have fueled NIFTY rise even further. Leading banks have also turned green and lifted BANK NIFTY. FIIs and DIIs were both Net Buyers today and FIIs have taken the lead. NEGATIVES IT leaders are under pressure as INR has gained. Also, the sector has witnessed a good run so profit booking is likely and obvious at higher levels. DII buying has reduced so we may witness some selling from them in the coming days. IT scrips need to get back in the game for the rally to sustain otherwise it would get diluted. TRADING RANGE FOR 31-8-21 The Nifty baseline moves up to 16700-750. The resistances are not known for now except the big one at 17000. BANK NIFTY support base also slides to 35400-500 and resistance at 35800-36000-36200. INSIGHT / OBSERVATIONS TATAMOTORS seems to have some issues with 293+ levels as it reached the level in the AM session but failed to hold on and reclaim. MARUTI did well to end the day closer to the day high around 6800. I picked BAJAJ AUTO 3800 CE at 70.5 when the spot was at 3735. It ended the day at 3720, 15 points lower and the premium “appreciated” by 8 points! I have not seen such a situation before. I am not sure how to interpret it - whether the premium is hiked for the writers to benefit or the implied VIX has gone up. Let us see what happens tomorrow. What do you feel? Thank you, and Happy Money Making! Umesh 30-8-21 P.S. If you choose to comment on the above, please do so with your analytical view rather than merely passing a comment. Your presentation of the view held by you would help other readers as well. NOTE -- This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right.
NSE:NIFTY
by AVENUESOFINVESTMENT
Mentorship InstaView 25 Aug’21: Spins off the New Life High Nifty View: With today's flattish move the benchmark Nifty has created somewhat like a “Spinning Top” on the daily time frame. This suggests uncertainty and incapability to hold onto the new life high. This failure was mainly due the underperformance that we noticed within the banking and auto stocks. We can also observe a price-momentum divergence on the daily time frame which can lead to some consolidation/ correction in days ahead. So it is advisable to maintain a bullish bias but with a bit of caution. Thank you for following my work and please feel free to share your thoughts and suggestions.         Trade Well. Trade Wise. 
NSE:KOTAKBANK1!
by Abhijit_Paul
Nifty ends at ATH Close above 16600NIFTY 50 EOD ANALYSIS -24-08-21 IN SUMMARY O / H / L / C 16561.4 / 16647.1 / 16495.3 / 16624.6 H-L = 152 VIX 13.19 / -3.65% FII DII: +730 Crores Likely open: Flat to positive with resistance at 16650-700. CHART BASED CONCLUSIONS Yet another gap-up opening was sold into. Yet, Nifty made a higher and a higher low. Nifty ended at ATH close and is now 70+ points away from the ATH level and this may be the hardest journey. A Pro gap-up opening was seen today indicating that the bulls are likely to buy at any dip in the index. NIFTY WEIGHT LIFTERS & DRAGGERS The Weight Lifters BAJAJ FINSERV 28 HDFC BANK 23 BAJAJ FINANCE 20 ICICI BANK 12 RELIANCE 08 TOTAL 91 The Draggers INFOSYS 10 HDFC 08 TCS 04 NESTLE 03 ASIAN PAINTS 02 TOTAL 27 Lifter - Draggers = +64 The above explains how Nifty managed to close at the ATH level as the draggers proved ineffective. POSITIVES A sustained rally to end the day at ATH. HDFC BANK decisively cleared the long-time resistance of 1530-35. Even though HDFC, INFOSYS, and TCS ended in the red, they could not have any significant impact on the Nifty. BANK NIFTY helped Nifty as it soared 700+ points from the intraday low of 35070. NEGATIVES 16650 is likely to be a hard line to cross as the index immediately fell as it was close to that area. Similarly, for BANK NIFTY 35800 appears to be a tough one to clear as it retraced from around that area. FIIs have sold heavily in excess of 1,500 Crores and Nifty ends on an ATH! There is something that is still bugging the FIIs. TRADING RANGE FOR 25-8-21 The Nifty baseline moves up to 16400-450. The resistances are now from 16650 onwards. BANK NIFTY support base also slides to 34800-35000 and resistance at 35800-36000-36200. INSIGHT / OBSERVATIONS As mentioned yesterday, TATAMOTORS has been witnessing intensive selling pressure for the last few days and today it breached its 200 DMA around 278 and made a low just above 268. It then made a smart recovery to close just above the 200 DMA but clearly, there was something at play and hopefully, it is now out of the way. MARUTI also came under pressure but it derived support from the earlier swing low which became the FIB level around 6745-50. However, it keeps getting sold into around 6825-50 and it barely managed to close above 6800. Another observation re MARUTI is its 6800 Aug CE. This call was witnessing wild swings and moved all over and quickly - sometimes, it rose well ahead of the spot moving up and then getting sold in to and going flat even when the spot moved up. There was something at play that was not visible on the charts. What do you feel? Thank you, and Happy Money Making! Umesh 24-8-21 P.S. If you choose to comment on the above, please do so with your analytical view rather than merely passing a comment. Your presentation of the view held by you would help other readers as well. NOTE -- This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right.
NSE:NIFTY
by AVENUESOFINVESTMENT
IT and HUL end the day for Nifty past 16600NIFTY 50 EOD ANALYSIS -17-08-21 IN SUMMARY O / H / L / C 16545.25 / 16628.55 / 16495.4 / 16614.6 H-L = 133 VIX 13.41 / -0.37% FII DII: -77 Crores CHART BASED CONCLUSIONS Nifty closed above 16600 for the first time and close to the ATH level. Nifty made a higher high and a higher low. Nifty was facing resistance near the earlier day’s high and then fell sharply and recovered in the last hour or so. On daily charts, the candle looks strong with Ok volume. NIFTY WEIGHT LIFTERS & DRAGGERS The Weight Lifters INFOSYS 27 TCS 10 HUL 09 NESTLE 08 WIPRO 07 TOTAL 61 The Draggers HDFC BANK 14 JSW STEEL 08 RELIANCE 06 ADANI PORTS 05 LT 04 TOTAL 37 Lifter - Draggers = 24 This explains why Nifty fell before recovering sharply. POSITIVES Nifty made yet another ATH and the first close above 16600. Nifty 50 IT members rallied behind the index and performed very well. INFOSYS and TCS in particular have been doing well for the past few sessions. MARUTI as well as TATA MOTORS made a good recovery from their lows. FIIs selling has reduced compared to yesterday. NEGATIVES HDFC BANK and RELIANCE did not end in the green and instead dragged the indices so some sort of pressure is likely unless they reverse. BANK NIFTY ended once again below 36000 ahead of the expiry day. Nifty futures trading at a discount to the spot at ATH is quite an unusual situation to have. TRADING RANGE FOR 18-8-21 Nifty baseline moves up to 1600-450. BANK NIFTY support base stays at 35600-800 and resistance at 36200-36500. INSIGHT / OBSERVATIONS WHen INFOSYS buyback was in the air, it was expected that it would happen around 1750. The day’s high was 1746.9. Nifty futures trading at a discount to the spot at ATH is quite an unusual situation to have. What do you feel? Thank you, and Happy Money Making! Umesh 17-8-21 P.S. If you choose to comment on the above, please do so with your analytical view rather than merely passing a comment. Your presentation of the view held by you would help other readers as well. NOTE -- This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right.
NSE:NIFTY
by AVENUESOFINVESTMENT
INDY/EEM Reaching All Time HighsINDY/EEM relative strength chart is reaching its all time high since the introduction of INDY ETF in Nov' 2009. Background info: INDY is the Nifty 50 ETF trading on NASDAQ which mimics the Nifty 50 index. EEM is the MSCI Emerging Markets ETF which invests funds in emerging markets such as China, India, Hong Kong, South Korea, South-east Asia etc. INDY has been rising sharply against EEM thanks to a) Nifty breaching all-time highs and b) Chinese stocks being beaten due to Chinese regulations against their ed-tech companies last month. Will the INDY/EEM break out from its all time highs or will this resistance lead to a drag in the INDY vis-a-vis the EEM as it did in 2019? We will be watching the price action.
NASDAQ:INDYEducation
by vipulmehta817
Mentorship InstaView 16 Aug’21: Shooting Star ... Make a Wish
Nifty View: It has been a one-way high momentum rally for the benchmark Nifty over the past few trading sessions. At today’s close at 16,559, the index posts yet another positive day - up 42 points or 0.25%. A look at the 75mins chart, and we can see a “Shooting Star” which under the Japanese Candlestick parlance is a sign of a possible reversal. Now there is no doubt that it is a beautiful shootings star and you can wish for a correction, which is fine and healthy for the underlying uptrend. But do not expect any significant downsides based on this pattern only. Short term support to watch for is at (16,450-16,500). Thank you for following my work and please feel free to share your thoughts and suggestions.         Trade Well. Trade Wise. 
NSE:NIFTY1!
by Abhijit_Paul
1
Nifty clears 16350 and closes at ATHNIFTY 50 EOD ANALYSIS -12-08-21 IN SUMMARY O 16,303.65 H 16,375.50 L 16,286.90 C 16,364.40 From P Close 82.15 H-L 88.60 VIX 12.37 FII -212 DII 307 Net Crores 95 CHART BASED CONCLUSIONS Nifty finally cleared all the hurdles and closed past 16350 at 16364.4 which is an ATH close. It ended 11 points below the day’s high which is a good sign. Nifty opened Gap-up mildly and then there was almost a retest of the P Close and then it never looked back and kept crawling upwards with the weekly expiry jerks in between. Although Nifty has made an ATH close, the volumes are not high which is not a good sign. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters of Nifty Points Contributed ICICI BANK 11 LT 10 INFOSYS 9 TECH M 8 TATA MOTORS 7 45 Top 5 Draggers of Nifty Points Contributed EICHER MOTORS 6 RELIANCE 5 AXIS BANK 2 GRASIM 1 IOC 1 15 Lift - Drag 30 POSITIVES Nifty made an ATH close near day high. Advances to Decline ratio is almost 4:1. HDFC BANK managed to close today above 1500. HDFC twins, TATA MOTORS, ICICI BANK, and KOTAK BANK led with good moves. NEGATIVES RELIANCE closed below P Close. It has the tendency to not perform when most of the market is performing. AXIS BANK, SBIN, and MARUTI kept the pressure on the sell-side. BANK NIFTY failed to close above 36000 though it made good efforts. TRADING RANGE FOR W/B 13-8-21 Nifty broad range for the week 16000-16500. As of now, it has not made any significant movement from where one could derive the likely supports and resistances. BANK NIFTY support base at 35200-600 and resistance at 36200-36500. INSIGHT / OBSERVATIONS It was an uneventful expiry as all the drama and excitement happened on the Volatile Wednesday. FTSE was negative and yet Nifty has managed to close at ATH with a good sustained move. If the US markets do not end in green, Nifty may witness high VIX actions. The weekly candle as of now appears to be range-bound indicating that there is still a breakout or breakdown in the offing. The vols are not good enough for a bull market. And tomorrow is Friday, the 13th! Thank you, and Happy Money Making! Umesh 10-8-21 P.S. If you choose to comment on the above, please do so with your analytical view rather than merely passing a comment. Your presentation of the view held by you would help other readers as well. NOTE -- This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title as well as its contents can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right.
NSE:NIFTY
by AVENUESOFINVESTMENT
Mentorship InstaView 04 Aug’21: Party Continues
Nifty View: Buying momentum continues as the benchmark Nifty extended yesterday’s up move with another 114-points gain in today’s session. Most of this gain came in from the very opening hour, post which the index essentially consolidated its gains. Good to see participation coming in from heavyweight sectors like Banking and Financials. The underlying trend is UP and resilient and unless we notice any sign of buying exhaustion or topping out, let’s maintain a bullish bias and look to buy on dips. Thank you for following my work and please feel free to share your thoughts and suggestions.         Trade Well. Trade Wise. 
NSE:NIFTY1!
by Abhijit_Paul