We have compiled the last 3 months of work into an Amazon Kindle ebook with the title “ 60 Post-Mortems on Nifty & BankNifty Q3 FY23-24 ” - request you to take a look and provide suggestions
Nifty Analysis - Stance changed to Neutral
Recap from yesterday: “Nifty is still way above the ascending channel showing bullishness. As long as the soft support level of...
Nifty Analysis - Stance: Bullish
Recap from yesterday: “Nifty is definitely on cloud 9, the newfound momentum is intact and almost all the sectorial indices are strong. What next? Is a big question. Just like a goods train, it is difficult to stop the bull run that fast. For tomorrow, I wish to continue my bullish stance with the first support level at 21652.”
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Nifty Quarterly Analysis
Nifty has gained 2263pts ~ 11.6% in the 3rd Quarter of FY2023-24. Almost on 9 particular days, we hit new all-time highs.
1D chart link - click here
Nifty Monthly Analysis
Surprisingly 70% of the gains for the Q3 came in the December series. We rose 8.21% ~ 1653pts. 8 out of the 9 ATH breaks also came in the Dec series. It really was...
Nifty Analysis
Recap from yesterday: “I am forced to change my stance from bearish to neutral as the price action now shows a higher tendency to go up rather than down. Those strong RED candles of 20th Dec still haunt me — but it has failed to gather the momentum of the other bears.”
4mts chart link - click here
Nifty got a stance change from bearish to...
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: “I am inclined to change my stance to neutral with the developments of today. Giving the bears one more opportunity to prove their mettle, hence going with the bearish stance for tomorrow as well. All they have to do is keep Nifty50 below 21200 in the opening 2hrs for the momentum to kick in”
4mts chart link - click here...
Nifty Today Analysis
Recap from yesterday: “The price action on the 63mts TF does not look bearish per se. But notice the weight of the RED candles — we retraced right up to the ascending channel top envelope.”
4mts chart link - click here
Nifty started the day on a negative note fell to 20976 and then started recovering. The recovery was so strong and...
Nifty Analysis
Recap from yesterday: “After surging past the 20875 levels — N50 is not willing to take the rest. We broke out from the ascending channel, now it has formed a trend line well above that — how do I explain this craziness to someone? For tomorrow the bullish stance continues and the first support level will be 21407.”
4mts chart link - click here...
Nifty Analysis
Recap from yesterday: “I do not wish to change Nifty’s stance — I still prefer to look for long-only trades. However, 21341 would be the laxman rekha for me tomorrow also.”
4mts chart link - click here
Nifty does another gap-up today which is sold into falls over 142pts ~ 0.66% to hit an intraday low of 21337 before reversing. Quite...
Nifty Analysis
Recap from yesterday: “My stance continues to be bullish with the first support level revised to 21341. All we can do now is trail the stop loss and let the winners run.
4mts chart link - click here
Nifty was absolutely trading in a narrow range with minor dips. More action was visible on BankNifty today which nudged me to go for a status change...
Nifty Analysis
Recap from yesterday: “Nifty has shown it is stronger than thought by bouncing off the channel’s upper boundary. For tomorrow, my stance is revised to bullish. Since we are at ATH, I do not have an upper target, but my support level will be 21037.”
4mts chart link - click here
Results continue to amaze and amuse me. Never have I been rewarded so...
Nifty Today’s Analysis
Recap from yesterday: “We have the Nifty expiry tomorrow and as it stands the OTM premiums are pretty low indicating the option sellers are not expecting a big more tomorrow. In case we pick a direction tomorrow, the short sellers (PE or CE) will have to run for cover and that could spike the option premiums. I am going with a neutral...
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...
Nifty Analysis
Recap from yesterday: “For tomorrow also I prefer to maintain the bullish stance. If we are unable to build momentum and Nifty is falling to the 20900 levels then I may have to change the stance to neutral by the end of the day.”
4mts chart link - click here
Even though we had a gap up opening, the same did not sustain and the round of selling...
Nifty Analysis
Recap from yesterday: “On the 63mts TF, The uptrend stays intact. BankNifty has resolved the directional doubt on the upside which may impart more strength to Nifty next week. How high can we go — I am not sure. I wish to continue with my bullish stance till proven wrong.”
4mts chart link - click here
The opening candle was quite shaky, we had a...
Nifty Analysis
Recap from yesterday: “Tomorrow’s RBI’s meeting @ 10.00 AM is going to be a decider — no level of technical analysis can predict when there is a news flow expected. I wish to maintain my long stance as of now although it’s itching to go neutral.”
4mts chart link - click here
Nifty had a gap-up opening and because of that, it defended the ground....
Nifty Today’s Analysis
Recap from yesterday: “As an analyst, it is very difficult to predict when the trend will end, but we need to keep looking. For tomorrow, I prefer to continue with the long bias unless we give up the 20853 in the morning session.”
4mts chart link - click here
The opening candle was explosive, in line opening with a strong fall. See the...
Nifty Analysis
Recap from yesterday: “For tomorrow, I prefer to hold on to my long stance with 20690 as a reversal level. If the uptrend is intact — we hope to see the laggards also catch up with the winners shortly.”
5mts chart link - click here.
It might look like we had a lot of action today seeing the final gains at 82pts ~ 0.4%. The truth is - these gains...
