"Good morning! As of August 2nd, the global market sentiment is negative (based on Dow Jones only), and the market nature is moderately bearish. Therefore, it might begin with a minor gap-down. Following that, if the market rejects the immediate support, we can expect it to move within a range-bound structure to pullback continuation. This is because there is an...
FinNifty Analysis From the last expiry and today, Finnifty has fallen 197pts ~ 0.96%. We did hit an ATH of 20666 on 27th Jul and the same day we fell quite deeply. Today’s close is almost matching the intraday low set on that day. Today’s Analysis There was some interesting price action till 12.50 today - the fall was quite decent to watch esp after a gap up...
FinNifty important intraday levels to watch for 31-07-2023 #Support: 20320 Short if candle closes below 20320. #resistance: 20375 Long if candle closes above 20375. #Targets on downside after break of support. Target 1= 20290 Target 2= 20235 #Targets on upside after break of resistance. Target 1= 20420 Target 2= 20470 Remember each level will act as a...
Good morning! As of August 1st, the global market has a slightly positive sentiment (based on only Dow Jones), and the market nature is moderately bullish. Therefore, it might start with a minor gap-up. After that, if the market rejects the immediate resistance, we can expect a minor correction. On the other hand, if it breaks through, it moves your target to the...
"Good morning! As of July 31st, there is no significant difference between the last session, but the global market has a neutral sentiment (based on only Dow Jones), and the market nature is bearish. Therefore, it doesn't matter if it opens gap-up or down. If the initial market takes sharp declines, we can expect correction continuation with minor pullbacks. On...
"Good morning! As of July 27th, the global market indicates a negative start (based on only Dow Jones), and the market nature is bearish. Therefore, it doesn't matter if it opens gap-up or down; if the initial market takes sharp declines, we can expect correction continuation with minor pullbacks. On the other hand, we can expect a rally only if it opens with a...
Good morning! As of July 26th, the global market is starting positively, with GIFT Nifty showing a +12 point increase from the previous session. The market seems to be moving in a range without significant differences compared to before. It's moderately bullish, meaning there's an upward bias. We might see a slight gap-up opening. If the market stays within the...
Finnifty has actually moved up 209pts ~ 1.03% between the last expiry and today. What this means is the recent reversal in Nifty is yet to reach the financial service index. Moreover the finance sector esp. Banks were looking strong throughout the last week. FinNifty had a decent expiry today, closing almost flat +0.13%, well it is quite hard to believe when it...
Good morning! As of July 24th, the global market is indicating a negative start, with GIFT Nifty showing a -40 point decrease. The market nature is moderately bullish, but there is a possibility of a slight gap-down opening. after that If it takes a pullback, then the range will continue; however, if the gap-down sustains, we can expect correction continuation....
Good morning! As of July 19th, the global market is showing a positive start (GIFT Nifty +5) with a moderate bullish market sentiment. There is a possibility of a slight gap-up opening. If the market sustains its structure, we can expect a range market to continue rallying. On the other hand, if the initial market experiences a sharp decline, we can anticipate a...
We had a gap up open and the high was formed the first swing i.e. 20476.25 by 09.25, from there the momentum was lost & we started falling. There was a 1.19% fall between 11.15 to 12.20, then a brief recovery and then the selling continued. The options premium was elevated today, usually we do not have high premiums for Finnifty expiry. Most noticeably even the...
FinNifty Important intraday levels to watch for 18-07-2023 #Support: 20250 Short if candle closes below 20250 #resistance: 20450 Long if candle closes above 20450 or if 15 minutes candle closes above 20305 with a strict stoploss of 20440 for the target towards the supply zone. #Targets on downside after break of support. Target 1= 20150 Target 2=...
"Good morning! As of July 18th, the global market is showing a neutral start (GIFT Nifty +6) with a bullish market sentiment. There is no significant difference compared to the last session. There is a possibility of a slight gap-up opening. If the market sustains its structure, we can expect a rally continuation with minor corrections. On the other hand, if the...
Finnifty should take some retracement upto 20220 level and do some timepass before moving to 20620 level. So that finnifty can trap the sellers at 20580 level.
"Good morning, As of July 17th, the global market is showing a neutral start with a moderately bullish market sentiment. There is a possibility of a slight gap-up opening. If the market sustains structurally, we can expect a rally continuation with minor corrections. On the other hand, if the initial market experiences a sharp decline, we can expect a range market...
"Good morning! As of July 13th, the global market is showing a neutral start with a moderately bearish market sentiment. It might open with a slight gap-down. If it sustains, we can expect a continuation of the correction with minor pullbacks. Conversely, if the initial market experiences a sharp pullback, then the range market will continue. We can expect a rally...
Good morning! As of July 12th, there is no significant difference compared to the last session. The global market is showing a positive start with moderately bearish market sentiment. It might open with a gap-up. If it sustains, we can expect the continuation of the pullback. after that if it rejects the immediate resistance zone, it will turn into a range market...
Finnifty’s fall was more dramatic than banknifty mainly because HDFC’s impact + BAJFINANCE fell close to 1.18% today. Intraday from top to low the fall was 1.28% ~ 258pts. Between the last expiry & today finnifty has fallen 2.02% ~ 411pts. If you remember the last expiry, the PEs and CEs were unusually quoting high premiums — never ever seen levels. Today the...