Understanding trades of nifty future for 02.11.2021.
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...
this analysis is based on option chain & demand and supply concept
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 25.10.2021 (Monday).
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...
MARKET ANALYSIS AND PREDICTION FOR 21.10.21 (THURSDAY ) ******************************************************* * Nifty 50 * --------------------- Support AreaS Resistance AreaS --------------------------- ----------------------------------- 1ST Support Area :...
Understanding trades of nifty future for 21.10.2021 (Thursday - Expiry).
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...
Understanding trades of nifty future for 19.10.2021.
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...
Understanding trades of nifty future for 14.10.2021
Understanding trades of nifty future for 13.10.2021 (Wednesday).
Nifty View: A complete turn around yet again from the benchmark Nifty in today’s trading session. The index posted a gain of 180 points, recovering all of yesterday’s surprise sell-off. In short we are in midst of some serious volatility. The underlying trend which was UP with today’s up move has found fresh momentum and hope for an extension towards 18K. And for...
Nifty View: A brilliant move from benchmark Nifty in today’s session, a gain of 123 points to mark a close at 17,829. This move was important as the index was at a critical juncture wherein possibility of a sell-off was high. Add to the fact that the nature of global equity markets has been downwardly volatile off late. But the Indian equity markets delivered...
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 future trades of Nifty future for 05.10.2021.