Nifty View: Quite a muted trading session for the benchmark Nifty especially considering the fact that it was the expiry of derivatives contracts. At a close of 17,619, the index was down 89 points marking a series of lower-high and lower-low on the daily time frame. The banks are still leading this weakness, which is not a very encouraging sign as this space...
Understanding trades of Nifty Future for 01.10.2021
Understanding trades of nifty future for 30.09.2021 (Thursday Monthly Expiry).
Nifty View: Benchmark Nifty faired relatively better in today’s session considering a weak opening with which it started the day’s trade. At a close of 17,710, the index managed to do two good things - one did not break below yesterday’s low and two, positive participation from sectors like METALS, PSU BANKS & PHARMA. The underlying trend stays UP and with...
Nifty View: Quite a volatile session for the benchmark Nifty in today’s trade. At a close of 17,730 it was a negative close for the index, down over 120 points. We did notice a sharp bounce back from the index at the final hours, majorly contributed by the bank nifty and ICICIBANK to name one stock. The underlying trend of the index is still very much UP and...
Understanding Nifty future trades for 29.09.2021. Please take positions with strict stoploss.
Nifty View: A day of consolidation for the benchmark Nifty, as the index slipped significantly from its opening high of 18,088 and manage a close at 17,862, a day’s gain of just 8 points. However more importantly it was the index management which was noticeable with AUTO stocks picking up momentum as erstwhile out-performers like IT & FMCG cool off. The...
Understanding trades of nifty future for 28.09.2021.
Market Analysis & Setup for 24.09.21 (Friday ) || Expiry On 30 Sept ******************************************************* * Nifty 50 * --------------------- Support Area --------------------------- 1st Support Area : 17777.50-17793.05 | 2nd Support Area :...
Nifty View: A flat close from the benchmark Nifty index in today’s session, up just 7 points to close at 17,567. Because we had a 175 point rally the day before, such low volume low-ranged trading session is not a surprise. We should look at today’s session as more of a consolidation and show of strength as it did not retrace from its recent gains. A move above...
MARKET ANALYSIS AND PREDICTION FOR 22.09.21 (WEDNESDAY ) EXPIRY ON 23 SEPT ******************************************************* * NIFTY 50 * --------------------- SUPPORT AREAS RESISTANCE AREAS --------------------------- ----------------------------------- 1ST SUPPORT AREA :...
Understanding Nifty future trades for 22.09.2021. follow levels and do accordingly.
Nifty View: A sharp sell-off for the benchmark Nifty index in today’s trading session - down over 200 points to post a close at 17,386. With this fall, the short term trend is now on the verge of a reversal on the downside. Considering the nature of today’s fall, that is, both sectoral participation and momentum, it’ll be prudent to wait out for few more trading...
understanding trades of nifty future for 21.09.2021.
Understanding trades of nifty future for 20.09.2021.
What Is a Piercing Pattern? ----------------------------------------------- A piercing pattern is a two candlestick price pattern that marks a potential short-term reversal from a downward trend to an upward trend. This candlestick pattern is applicable in any time frame but produces better results on a higher timeframe. The pattern includes the first session...
Nifty View: ITC and erstwhile underperforming PSU banking stocks stole the show in today’s trading session. Big price gains backed by momentum and volumes from these stocks helped the benchmark Nifty index to post a day’s gain of 75 points. The index is now comfortable placed above 17,600 with no sign of immediate top out in any time frames. It makes sense to...
Understanding trades of nifty future for 17.09.2021.