Nifty Analysis
Recap from yesterday: “Since Monday is a holiday, it gives us added uncertainty on what to expect on Tuesday. Despite the 94pts gain by Nifty — I still see the price action as negative. I would like to go with a bearish stance for 26th Dec.”
4mts chart link - click here
Seems like I got the bet wrong, despite weakening geopolitical events -...
Nifty Analysis
Recap from yesterday: “But from a real price action perspective, I have changed my ultra short-term stance to neutral now. To gain back the bullish momentum, Nifty has to close above 21037. To go bearish, Nifty has to fall below 20691.”
4mts chart link - click here
Nifty does a classic U-turn today, around the 20770 levels. For a moment I...
Now today is the time of the technology companay but indian IT index is not show any strength and not lead the market rali, This is not support and participate the rali the main reasion is the structure of the Nifty Index.
This index higher weightege stock not perform most in the correction phase hence this index is underperform the market.
Another surprise today with 300pts ~ 0.69% move from 13.30 to 14.40, came at a time when no one really expected. Karnataka election results tomorrow and most traders would have anticipated we close the day subdued.
The lower than expected CPI data of 4.7% would have leaked with few big-boys and they would have ended up loading the banks because from how I see it ...
