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Bounceback

Nifty Today: “What doesn't Kill you, Makes you Stronger” - 22 FeNifty View: Yet another volatile trading session for the benchmark Nifty index today, as the index gapped down and fell more than 300 points, to bounce back in the late afternoon and close the day with a loss of just 131 points. The market is reactive in nature now, and equity as an asset class globally is going through a similar correction. At today's lows, the index finds support yet again from the (16,800–16,900) zone, which has held the market thrice over the past few weeks. If today's bounce back happens to be a "dead cat bounce", then we are very likely to see a break below today's low by the end of this week. And if that happens, prepare yourself for further weakness. 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 Today: “Lunatic” - 15 Feb’22 Nifty View: In today's trading session, it was a big 500+ points recovery from the Nifty benchmark index. This brings in a lot of volatility to the overall market conditions considering that the index had lost over 500 points in yesterday's trade. Nevertheless, even after today's bounce back, the underlying short-term and intermediate trend of the index is still down. And so, as we advance, the benchmark Nifty will have to deal with immediate resistances before it confirms a short-term trend reversal. Strategically these are challenging times to time the market, especially for short-term traders. And so I suggest that keeping a low profile and trading less with lesser quantity is a better proposition rather than going aggressive. 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
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Nifty Today: “A Confident Close” - 09 Feb’22 
Nifty View: The recent bounce back extends further, with the benchmark Nifty index gaining more than 200 points in today's trading session. The intraday charts are improving as the index now deals with the immediate resistance zone of 17,450-17,550. Support from the Banking and Auto sector continues. From now on, the most critical aspect for the rest of this week will be whether it will be able to break out above 17,550 and move back into a short-term uptrend or not. A failure to do so, will bring back selling pressure in the overall market next week. We should not forget that based on the daily timeframe, the underlying trend is still weak, and many sectoral indices are also in a downtrend. So one should not be aggressively bullish in this market condition. 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 Today: “Bounce Back Indeed, But too early to call a BottomNifty View: Benchmark Nifty index managed a healthy bounce back in today's trading session. At a close of 17,273 the index managed a marginal positive gain of just 54 points but what was more encouraging was a healthy bounce back from the intraday low of 17,048. At this low, the index is teasing the psychological level of 17,000, a break below which can bring in new weakness. On the upside, the confluence of residences now stands close to the 17,450 mark. It will be important to observe in the next few trading sessions whether the index shows the strength to carry itself further and break above the immediate resistance zone. 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
Mentorship InstaView 01 Nov’21: Impressive 
Nifty View: Benchmark Nifty index impresses with a near 300 points gain in today's trading session. It was a move that was supported well by most of the sectors and heavyweight stocks. In terms of levels, the index at a close of 18,008 will now deal with the immediate short term resistance at the psychological 18K mark. In fact, a closer look at the volume profile and vwap reflects that it is (18,100-18,150) which can act as a stronger resistance for the index. Let us stay cautiously bullish and observe whether the index manages to sustain above 18,000.     Please watch the video for a detailed analysis of the index and stocks. 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
Mentorship InstaView 21 Oct’21: Banks Save the Day 
Nifty View: A decently volatile day for the benchmark Nifty50 index as it closed down a little over 60 points in today's session. So far, we have three consecutive negative days from the index, losing almost 3% on a high to low basis. The short-term trend is still up, but vulnerable as the index nears the psychological level of 18,000. However it was clearly the banking stocks which saved the day today. Banknifty index was up over 1% led by strong performance from stocks like Kotak Bank and ICICI Bank. Strategically, let's continue with the bullish bias and be careful especially if we are trying to trade mid and small cap stocks. It will be prudent if we focus more on the large gaps at this juncture in the market. Please watch the video for a detailed analysis of the index and stocks. Thank you for following my work and please feel free to share your thoughts and suggestions.         Trade Well. Trade Wise. 
NSE:NIFTY1!
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by Abhijit_Paul