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...
Nifty View: The Nifty benchmark index disappointed in the final hours of today’s session as it slipped below the 18,200 mark to bounce back marginally at the end. Because we had a solid close yesterday, the index showed no follow-through buying today as it could not make a higher high today. On the contrary, it slips to test the immediate short term support range...
Understanding trades of Nifty future for 28.10.2021 (Monthly Expiry).
this analysis is based on option chain & demand and supply concept
Understanding trades of nifty future for 27.10.2021 (Wednesday).
Nifty View: Volatility kicks in as the benchmark Nifty index oscillates sharp in today’s trade. At an intraday low of 17,986, the index momentarily broke below the psychological 18K mark, but closed fairly well at 18,145. The underlying short term trend of the index has now turned non-directional but definitely volatile. BankNifty continues to outperform by a...
Understanding trades of nifty future for 26.10.2021.
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...
Nifty View: Strong momentum continues for the benchmark Nifty index as it gained another 140 points in today’s session. The index has opened with a rising gap in the last two trading sessions. However towards today’s close we did notice some degree of momentum slowdown, which is very much obvious considering the rate at which prices have accelerated over the past...
Nifty View: The benchmark Nifty comfortably scales above the 18K mark with today’s 170 points up move. Excellent sectoral support cami in from AUTO, METALS and ENERGY stocks. The weighty banks and financials too sustained their recent gains to male sure that the index manages a firm close above 18K. We have a new life high now. Considering the fact that the short...
Nifty witnessed a sharp selloff last week from the highs . Market looked to be sideways to down this week but contrast to that , it has broken out of the wedge pattern on monday and today it moved above minor resistance of 17,800 yesterday's high . NIFTY is expected to test the highs once again this week so selling PEs might be a sensible idea to trade this week's...
Understanding trades of Nifty future for 06.10.2021.
Understanding trades of nifty future for 17.09.2021.
The markets is making new highs daily. For the long term, we are bullish, however, after such a move, the market might see some correction. Investors are advised to keep trailing stop losses to their positions, Technically, Nifty has formed a strong bullish candle on the weekly charts which is broadly positive. On daily and intraday charts, it also maintains a...
Understanding future trades of nifty future for 31.08.2021.
understanding Nifty future trades for 27.08.2021 (Friday)
Understanding trades of nifty future for 29.07.2021 (Monthly Expiry).
Explained in details why Nifty can be heading towards 14800-15000 level if breaks below Friday low (15450) and BankNifty to 32500 level. Watch the video for more details.