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Nifty OHLC is above 18000 helps Nifty SoarNIFTY 50 EOD ANALYSIS -13-10-21 In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow. O 18097.85 H 18197.80 L 18050.75 C 18161.75 EOD - +169.80 points /+0.94% SGX Nifty at 1905h = +44 points FII DII = +506 Crores CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty opened with a strong gap up of more than 100 points and then kept crawling up throughout the day. It made a higher high and a higher low. Nifty ended the day comfortably above 18150. Nifty low for the day was at 18050 and that is a great statistics to have - all OHLC above 18000. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 103 Top 5 Draggers contributed = 17 Net = +86 POSITIVES Nifty OHLC was above 18000. Tata Motors was the key driver for Nifty as it single-handedly contributed 50 points to Nifty. Reliance soared yet again though it ended below 2700. Bank Nifty OHLC was also well above 38000. NEGATIVES TCS continued to be under pressure. Bank Nifty ended in green but that was mainly on account of HDFC Bank and Kotak Bank. The rest of the lot looks vulnerable at higher levels. TRADING RANGE FOR 13-10-21 Nifty = 17900-18000 as the support band and I am not sure about the resistances other than the ATH level. Bank Nifty = 38000-38200 as the support band and I am not sure about the resistances other than the ATH level. INSIGHTS / OBSERVATIONS I do not recall ever seeing Tata Motors rise the way it did today. This was very pleasing to the eyes. And it was interesting and surprising to see that Maruti was the top loser when its elder sibling Tata Motors making the sector roar. The ever sleepy M&M & ITC also roared today. On one side DMart ended the day above 5000 and with a 7%+ rise selling FMCG items and the FMCG giant Hindustan Unilever fell more than 1%! Is distribution replacing manufacturing? What do you feel about this? Thank you, and Happy Money Making! Umesh 13-10-21 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
Simple Trade Setup | INFOSYS | 14-10-2021 [INTRADAY]NSE:INFY Observations: 1) On 1 day time frame, we can see that now it closed above 50DMA as well as 1700 critical level. Which is a good sign. Downside breakdown of it, may result in profit booking. Please refer below chart : 1day Time Frame. 2) On 1 hour time frame, for short duration we can see rounding bottom pattern in formation. Neckline is at 1730 level. If it opens gap up above neckline and test 1730 level and takes support from it then it will give bullish move. But if it breaks down then it have immediate support at 1700 level. Please refer below chart : 1hour Time Frame. We can also see the critical resistance range of 1730-1740. Above this range it will be bullish. ------------------------------------- For positional buy trade safe buy will be above 1740 level only. Short to Mid term target will be 1850-1880 level. Keep SL as per your convenience. ------------------------------------- Trade Setup for Date 14-10-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:INFY
by Trading_hawk
14
Infosys Q2 results based strategies INFOSYS Q2 RESULT BASED STRATEGIES The IT heavyweight is scheduled to declare its results tomorrow. However, I am not sure at what time the results are likely to be declared so am creating the strategy now itself and have this post cum video explaining the basis on which I have created the strategy only for the purposes of tracking I have not taken a position. If I do take, I will let you know. Infosys has been behaving in a very unusual manner for quite some time. Either it goes up quickly and then abruptly falls and then goes in to a drifting mode then leading to consolidation. I have traded Long Only options in the scrip and have gained good ROI. However, for the last few weeks I have stayed away from all IT scrips in Options as the behavior is not something that I like to trade. Infosys Spot is at 1673 when I am writing this post so my strategies would be based on the same. Please watch the video to know the workings related to the strategy.
NSE:INFY
by AVENUESOFINVESTMENT
IT "glitch" drags Nifty below 17950 from 18040+NIFTY 50 EOD ANALYSIS -11-10-21 In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow. O 17867.55 H 18041.95 L 17839.10 C 17945.95 EOD - +50.75 points /+0.28% SGX Nifty at 1930h =20points FII DII = -1676 Crores. CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty opened a mild gap up and then sold off to 8-10 low level and then, made a strong and sustained recovery to clear 18000 in style and then topped 18040 as well. However, by then FTSE had opened and the usual nervousness walked in and then there was a sell-off over the next 3 hours. Yet again, Nifty ended the day 90+ points below the ATH level achieved during the day. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 72 Top 5 Draggers contributed = 87 Net = -15 POSITIVES Nifty hit an All Time High above 18000. Nifty ended at yet another ATH close. HDFC was very volatile but settled in the green on an EOD basis. HDFC Bank seems to be pricing in a good result like how TCS did. Bank Nifty hit a new ATH and also ended at a new ATH. NEGATIVES IT big heads dragged Nifty in a big way. I do not recall TCS falling more than 3% post results in the recent past. Though this was to happen as it was at a very critical level below 4000. Reliance lost more than 60 points after hitting an ATH of 2720. TRADING RANGE FOR the coming week Nifty 17700-750 is the support base. I am not sure about the resistance levels as price action in Infosys, Wipro, as well as HDFC Bank may keep driving Nifty as they get ready to receive their answer papers during the next few days. Bank Nifty Support = 37500-700 appears to be a good support area. Since the ATH was hit today, I will let the index play its game for a couple of days and see where it ends the week before commenting on any resistance levels. INSIGHTS / OBSERVATIONS Nifty low for the day was just 1 point below 8-10 low and high for the day was 100 points above 8-10 high and yet Nifty managed to close only 50 points above 8-10 Close. This seems to be a mathematical play! The contribution by Nifty top 5 performers fell short by 15 points from the top 5 draggers of the Index. This is the kind of weakness and negativity that was driven by the IT index and that is why the subject line of the post. What do you feel about this? Thank you, and Happy Money Making! Umesh 11-10-21 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
2
TCS Q2 results based strategies - OutcomeTCS Q2 RESULT BASED STRATEGIES - OUTCOME The IT heavyweight is scheduled to declare its results today after market hours. This is the reason I thought of doing a post cum video explaining the basis on which I have created the strategy only for the purposes of tracking and till the time of writing this post and creating the video related to it, I have not taken a position. If I do take, I will let you know in the weekend post. TCS hit a New All-Time High of 3989 and at the time of writing this post, it is around 3950. I already have other FNO positions on so I do not have spare capital to deploy so this approach. Please watch the video to know how the strategies performed and what I ended up doing when the scrip fell down by 6%+. I have chosen to track the following strategies: Bull Call Spread: In creating the spread, I have bought 3960 CE and shorted 4000 CE. The details of the cost, pay-off, and the associated risk as well as the capital needed have been explained in the short and crisp video. In the worst case, there is a loss of 4K and in the best case, a gain of 6K. In my view, this is a good risk-reward considering the fact that there could be wild movements in a scrip post its results and TCS has moved 2-3% in the past around such events. Outcome: At 1100hours = Spread Value When Created = 14 At 1100h = 03 Being a Bull CE spread, the value should have gone up for us to make money Gain / Loss = -11*300 = -3300 Capital deployed Incl MTM Loss provision = 80,000 ROI = -4% ATM Short Straddle: In this, I have shorted 3960 CE as well as PE. the details of the cost, pay-off, and the associated risk as well as the capital needed have been explained in the short and crisp video. The margin requirement is quite high so even if I create a strategy by EOD, I would not go for this. The Max gain is around 65K and obviously, the loss in unlimited as Options are being shorted. Though one can always keep an SL or exit when the spot reaches a pre-decided level. Generally, short strategies are useful when the implied volatility is high prior to the event and the position gains as the VIX cools off after the event. At 1100hours = Straddle Value When Created = 225 At 1100h = 293 Being a Short Straddle, the value should have gone DOWN for us to make money. Gain / Loss = -68*300 = -20400 Capital deployed Incl MTM Loss provision = 350,000 ROI = -5.83% I will post an outcome video as well on 11-10-21 so stay tuned! Till then, Keep learning & making money but at all times, please assign topmost priority to your capital and do all that is needed to stay in the game with it! Best wishes. Umesh 8-10-21 & 11-10-21
NSE:TCS
by AVENUESOFINVESTMENT
Swing Trading Opportunities for the week beginning 11-10-21TRADING WATCHLIST FOR THE WEEK BEGINNING 11-10-21 INTENT I will only be sharing the time frame and the scrip name. I will leave the trade basis aside as the intent is to engage the reader in learning the basics of finding good scrips. You can have a look at the charts and place your favorite indicators and check out if any of these fit your trade plan. ON MY WATCHLIST FOR THE COMING WEEK This is a weekly review of the available opportunities so my time frame for analysis moves from Daily to Weekly and from Hourly to Daily. Here are the likely candidates for the week - WEEKLY TIME FRAME- FOR LONG POSITIONS Asian Paints BPCL HDFC ICICI Bank Tata Consumer Force Motors HDFC AMC HPL Bayer Crop Bombay Burmah Bector Foods Engineers India Idea SECTORS LOOKING GOOD FOR LONG POSITIONS- Auto Media PSU Bank Ideally, the best candidate would be the one that features in both lists. I may / may not take these trades as not every opportunity should / can be traded. I believe that it is better to help someone learn the technique of selecting good scrips than giving tips - in any case, I am not SEBI regd so I do not have the authority as well to do so. In case you are able to spot the setup and the trade basis, please do share so that together we can learn. Thank you for your time and Happy Learning, Umesh 10-10--21 Disclaimer -- This post is shared for learning and educational purposes only and in no way acts as a recommendation. I am not a SEBI regd trader so please either decide your trades/investments on your own or consult your financial advisor before making any trades.
NSE:BBTCLong
by AVENUESOFINVESTMENT
Nifty rebounds in style but ends below 17800NIFTY 50 EOD ANALYSIS -07-10-21 In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow. O 17810.55 H 17857.55 L 17763.80 C 17790.35 EOD +144.35 points /+-0.82% SGX Nifty @ 1735h 17847 / +25 points FII DII = It is a bit early for the data to be released. DIIs may have sold. CHART BASED CONCLUSIONS using 5 Minutes Chart A strong 150 point gap up opening and then it moved in a sideways range and as FTSE open neared, it headed higher but could not decisively cross 17850 even on a 5-minute chart for more than one candle. The expiry blues entered in the last hour and Nifty drifted towards 17800 and then broke the level as 17800 CE would have been written aggressively. It gave up most of the gains made during the day and closed below 17800. The daily chart indicates a Doji as the Open and Close prices were quite close. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 98 Top 5 Draggers contributed = 20 Net = +78 POSITIVES Auto and IT leaders took the lead and held Nifty higher. The supremacy was evident as even the HDFC twins could not drag Nifty as they may have liked to do. ICICI Bank closed above 700. Reliance held on to the greener zone. HDFC Bank held on to 1600 plus levels. NEGATIVES HDFC ended in red and is finding it hard to sustain closings above 2750. Except for ICICI Bank, all leading banks ended in the red and that is what prevented Bank Nifty from attempting a hit to 38000. TRADING RANGE FOR 8-10-21 Nifty 17600-650-700 is the support base. Resistance regrettably is at every nook and corner of the charts starting from 17800-820-850-900. Bank Nifty Support = 37200-400 appears to be a good support area. Resistance 37800-38000-38200. INSIGHTS / OBSERVATIONS If you closely look at the OHLC numbers and intraday charts of the indices, you would realize that the moves for the day were such that they negated what happened yesterday. The indices are just around the levels where they were on EOD 5-10-21. This means that we are still not out of the woods. Tomorrow is the RBI policy so there may be some jerks experienced, however, in he recent times, the announcements have become a non-event. What do you feel about this? Thank you, and Happy Money Making! Umesh 7-10-21 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
1
NIFTY ends the week above 17500NIFTY 50 EOD ANALYSIS -01-10-21 Note: I had done a video upload for this analysis, however, for some reason, it failed. NIFTY O H L C C - PC H-L VIX FII DII Net Cum Likely Open 1-10-21 17,531.90 17,557.15 17,452.90 17,532.05 17,532.05 104.25 17.21 131 -613 -482 -482 Flat CHART BASED CONCLUSIONS using 5 M Chart Global cues inspired gap-down was severe as it not only meant NIFTY opened below 17600, but it managed to drag NIFTY all the way down to 17450! In all, there were 3 attempts made to recovery and cross 17550 level and all three failed. NIFTY ended at the open price - a Doji pattern indicating indecisiveness as the big bro in the US was not yet awake to guide the family. NIFTY WEIGHT LIFTERS & DRAGGERS NIFTY LIFTERS NIFTY DRAGGERS M&M 4.00 BAJAJ FINSERV 19.00 IOC 3.00 BAJAJ FINANCE 17.00 RELIANCE 3.00 HDFC 15.00 JSW STEEL 3.00 ICICI BANK 12.00 HDFC LIFE 3.00 HDFC BANK 11.00 16.00 74.00 LIFTERS - LAGGARDS -58.00 POSITIVES The only saving grace for NIFTY was that RELIANCE ended above 2500 and in the green. This helped NIFTY close above 17500. Similarly, for BANK NIFTY the saving grace is that it ended above 37200. NEGATIVES On an intraday basis, BANK NIFTY broke 37000 without any hesitation. HDFC twins along with BAJAJ twins were in no mood to stay positive and were soaked in negativity. TRADING RANGE FOR THE W/B 4-10-21: Without knowing how US markets end, it may be a bit early to state the levels, but from what it looks like, the following levels may well hold for now: NIFTY 17400-450 Support and plenty of resistances. No point listing them all. Unless Nifty closes above 17750, we will keep witnessing selling pressure. BANK NIFTY - 36500-800 Support and 37500-800-38000 as the key resistance areas. INSIGHTS / OBSERVATIONS What a dampening start to the October series! Considered to be a bullish month, Indices end in red yet again falling in line with the Global cues. Today, I kept the FTSE chart open from the time it opened and the indices moved in line. I am wondering if our markets are so dependent on the global cues that they ignore some of the positives that are available locally? SGX NIFTY @ 1930h +100 points! What do you feel about this? Thank you, and Happy Money Making! Umesh 1-10-21 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
INFOSYS drags NIFTY while BANK NIFTY hits new ATHNIFTY 50 EOD ANALYSIS -27-09-21 IN SUMMARY O / H / L / C 17932.2 / 17943.5 / 17,802.90 / 17,855.10 H-L = 141 points VIX 18.05 / +6.68% FII DII: +803 Crores SGX NIFTY @1917H - 17825 / -30 points Likely open: Flat to mild positive. 17850-900 is the next hurdle. CHART BASED CONCLUSIONS - 15 M Chart A gap-up opening was held for a while but NIFTY failed to even retest the ATH hit on last Friday and then gradually sold off led by INFOSYS and TCS. It then never retested 17900 levels as the selling pressure was intense amidst increasing VIX. NIFTY made a lower high and a lower low. NIFTY ended the day flat. NIFTY WEIGHT LIFTERS & DRAGGERS NIFTY LIFTERS NIFTY DRAGGERS RELIANCE 6.00 INFOSYS 6.00 HDFC BANK 4.00 BAJAJ FINSERV 3.00 MARUTI 2.00 HCL TECH 3.00 ICICI BANK 2.00 DIVIS LABS 2.00 TATA MOTORS 2.00 TCS 1.00 16.00 15.00 Lifter - Draggers = +1 POSITIVES NIFTY held 17850 levels on a closing basis and 17800 as a good support level. MARUTI & TATAT MOTORS made a strong bounce back from the slumber - especially MARUTI. It rose 6%+. HDFC BANK and RELIANCE consolidated moved up on a closing basis. BANK NIFTY outperformed NIFTY and hit a new ATH and also closed at a new ATH. NEGATIVES A significant increase in VIX is of concern indicating likely choppiness as well as wild swings in the Indices. INFOSYS did not recover at all during the day after the fall. Even AXIS BANK somehow got influenced by the negative sentiment in NIFTY despite its parent index being strong. TRADING RANGE FOR THE REMAINDER OF THE WEEK: NIFTY 17500-18100 BANK NIFTY 37200-38500-800. INSIGHTS / OBSERVATIONS I had bought 17800 CE when NIFTY turned up after hitting P Close at 17853. The premium paid was 154. The day end was flat and the premium for the day was at 138. 17800 CE is an ITM CE at the close and was so when I bought. Despite this, I lost at least 16 points even when VIX was up by 6.68%! This is puzzling. MARUTI shot up by 6%+ and yet had almost zero impact on NIFTY which is surprising. I have not seen such an imbalance for a long time. What do you feel about this? Thank you, and Happy Money Making! Umesh 27-09-21 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
Swing Trading Opportunities for W/B 27-9-21TRADING WATCHLIST FOR W/B 27-9-21 INTENT I will only be sharing the time frame and the scrip name. I will leave the trade basis aside as the intent is to engage the reader in learning the basics of finding good scrips. You can have a look at the charts and place your favorite indicators and check out if any of these fit your trade plan. ON MY WATCHLIST FOR W/B 27-9-21 -- This is a weekly review of the available opportunities so my time frame for analysis moves from Daily to Weekly and from Hourly to Daily. Here are the likely candidates for the week - WEEKLY TIME FRAME- FOR LONG POSITIONS NIFTY WEEKLY CHART EOD Close 24-9-21 @ 17853.2 ACC BLUESTAR DHANUKA EMAMI FORCE MOTORS GM BREWERIES INOX LEISURE PAGE IND PGHH PHOENIX MILLS RAYMOND STR TECH UDAIPUR CEMENT CAPRI GLOBAL BPCL CIPLA ONGC TATA STEEL ULTRA TECH ACCELYA DCW IDEA WALCHANDNAGAR SECTORS LOOKING GOOD FOR LONG POSITIONS- AUTO BANK NIFTY MEDIA METALS PRIVATE BANKS Ideally, the best candidate would be the one that features in both lists. I may / may not take these trades as not every opportunity should / can be traded. I believe that it is better to help someone learn the technique of selecting good scrips than giving tips - in any case, I am not SEBI regd so I do not have the authority as well to do so. In case you are able to spot the setup and the trade basis, please do share so that together we can learn. Thank you for your time and Happy Learning, Umesh 26-9-21 Disclaimer -- This post is shared for learning and educational purposes only and in no way acts as a recommendation. I am not a SEBI regd trader so please either decide your trades/investments on your own or consult your financial advisor before making any trades.
NSE:NIFTYLong
by AVENUESOFINVESTMENT
BANK NIFTY tears apart 37K, Lifts NIFTY past 17600NIFTY 50 EOD ANALYSIS -16-09-21 IN SUMMARY O / H / L / C 17539.2 / 17644.6 / 17510.45 / 17629.5 H-L = 134 points VIX 14.41 / +4.95% FII DII: +826 Crores Likely open: Flat to mild positive. All eyes would be on BANK NIFTY - whether it can hold higher levels and attain ATH as the week draws to a close. CHART BASED CONCLUSIONS - 15 Minutes Chart A mild gap-up open was immediately sold in to and the P Close was retested but then, NIFTY never looked back though the upside move was quite choppy when compared to BANK NIFTY. The daily chart indicates that there was a strong buying that led the rise to the levels above 17600 even though the range was somewhat less when compared to BANK NIFTY. NIFTY WEIGHT LIFTERS & DRAGGERS The Weight Lifters RELIANCE 47 ITC 34 ICICI BANK 24 SBI 23 HDFC BANK 15 TOTAL 143 The Draggers TCS 15 BPCL 12 INFOSYS 09 GRASIM 05 JSW STEEL 05 TOTAL 46 Lifter - Draggers = +97 BPCL turned ex-dividend so the fall. It is best to ignore the same. Once we do that, the strong upmove is explained easily. POSITIVES NIFTY closed at a new ATH and also hit a new ATH. And both are above 17600. BANK NIFTY tore apart 37000-37200 resistance with fury and was responsible for lifting NIFTY along with RELIANCE. BANK NIFTY ended on a new ATH and so did SBIN. FIIs have bought in good numbers so the momentum is likely to continue in the short term. NEGATIVES INFOSYS keeps coming down. HDFC made a lower close than yesterday. VIX has gone up by almost 5%. TRADING RANGE FOR 17-09-21 17300-17350 is the new support base. For the resistances, we will have to let a few days go by to see how and where it gets formed. BANK NIFTY tore apart the barriers in typical style and is now facing resistance at 37800-38000-38200. INSIGHTS / OBSERVATIONS And as mentioned yesterday, the Banking giants roared and in style today to tear apart the resistance of 37000-37200 and the short covering may have fueled further upside in the index. The fury was evident as in the AM session, even when HDFC BANK was in the red, BANK NIFTY kept rising gradually and held on to the opening low. For the last 2-3 days I have been observing that HDFC BANK is unable to make a significant impact on the indices. I am not sure if the weight has changed or the other members of the indices group have gathered all-around support. This is a good sign as any dependency on one or two scrips is not a good sign from index strength POV. A few days ago, I made an entry into IDEA at 7.3 and then gradually added few shares with every rise. Today cumulative ROI was seen at 43%! On a scrip that had trouble all over at that time, but my decision was very simple - MA-based. So the next time when your process tells you to go long/short, just go ahead. Eventually, following the right process will lead you to the right outcome. What do you feel about this? Thank you, and Happy Money Making! Umesh 16-09-21 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:BANKNIFTY
by AVENUESOFINVESTMENT
2