Nifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “We are maintaining our bullish stance for tomorrow as well, but we are not expecting 22600 to be broken tomorrow.” 4mts chart It was another perfect day for the option sellers, mostly the short straddlers. Nifty struck a narrow range today and had no special adventures. Looking at how Nifty50 traded...
Nifty Consumption (Weekly): 1. Reversal from 38.2 Fibo Levels 2. Chanel Breakout 3. Good Marubuzu candles 4. Looks Good for upside Major constituents are: 1. HUL 10% 2. Airtel 10% 3. ITC 9%
There's no worse feeling than having the market go up and Still see your portfolio in negative and wondering why my stocks are not recovering ? Its because FII's, smart investors, LIC and bigger investment groups have churned sectors, rotated money into new sectors. Corona virus brought new opportunities and shut door on some business(which were stars earlier)...
Radico finding a ressistance on the trend line mentioned in the chart. Can look for a shorting opportunity coming week if it resists to break. If it breaks, can look for possible upmove.