Banknifty was looking weaker compared to Nifty50 today, finally the day ended in green with a W pattern on 5mts TF. Although we started today with a gap-up, the index was bleeding. Banknifty fell underwater by 10.40 - meanwhile Nifty50 was surging supported mainly by NiftyIT which came back strong after yesterday's trashing. There was no strong downside momentum...
First time in many weeks, banknifty underperformed nifty50. Ideally this move should have come last week when nifty50 had 2 more resistances to break and banknifty was near ATH. Better late than never. Nifty50 shooting pass banknifty is actually good for the entire stock markets in India. Only when all the components have caught up - a bullish trend is...
Before we get into today's analysis let us spend some time on Inflation, MPC minutes by RBI & health of banking sector. You might be aware we have the MPC minutes & interest rate decision tomorrow. There are 3 possible outcomes status quo dovish hawkish What really prompts RBI to rate hike are 2 things Inflation Liquidity in the markets Now the last minutes...
RBI Governor announced the Repo Rate hike of 0.35% to 6.25% currently - see the minutes here. Inflation in Oct 2022 reduced to 0.6% to 6.8%. And our GDP growth reduced to 6.8%. Listening to the speech i felt the global economy is in big trouble & India is in a far better shape. Also there is a possibility of further rate hikes as the accepted inflation band is ~...
Nifty is stuck in a range of 16400-15700 since the past 2 weeks. Yesterday it managed to test the top of the range but failed to give any significant breakout giving a chance for bears to take control again. With so many macro economic pressure's mounting it will be interesting so see how Nifty will react. I believe that the range will continue for the month of...
Interesting Price Action and charts pattern are being observed in USD/INR currency pairs. 1. The Cup and Handle Formation. Cup formation can continue or Handle pattern can be formed and price can shoot up. As global situations are pacifying. We believe, rupee should get bit stronger. 2. All time high Resistance We...
NIFTY 50 EOD ANALYSIS 15-12-21 In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow. O 17323.65 H 17351.20 L 17192.20 C 17221.40 EOD -103.50 points / -0.60% SGX Nifty 15-12-21...
With the deadly second wave of Covid-19 and more and more states locking down the big cities, it is difficult to digest that the market is going to make new All-time highs and it would make more sense for the market to crash given the situation we are in. Having said that, we are indeed starting a new multi-month rally. Those who want to know the how and why about...
THEY SAY VOLATILITY IS NOT GOOD. I SAY VOLATILITY IS THE BLOOD OF A TRADER. MAKING MONEY IN STOCK MARKET IS EASY BUT ONLY A FEW DOES IT . NSE:NIFTY NIFTY Tomorrow Expiry – Bearish on 5 min Time Frame but as you know its expiry so anything can happen. Keep in a close look in my YouTube channel. Trade keeping in mind the Price action With Levels. MARKET CAN BE...
Federal Bank has been in accumulation zone for the last 40+ trading sessions, bouncing around the 50-58 rupees range. We had a good breakout over 60 rupees last week but with the negative news in the market with AGR uncertanity and Loan Moratorium. Bank Nifty stocks have taken quite a beating in the last 3-5 trading session from the recent high. This is likely to...
the market in reversal mode ........reliance cant hold its resistance ........buy for 2-3 days
BUY BETWEEN 66-68 TARGET 74, 79 STOP LOSS 62 Animesh Vashisht
Weekly chart 10 year yield broken 2 year resistance. It is currently in the middle of the upward channel. 2 year resistance line could possibly act as a support which is at 7.50%-7.52%. Yields could possibly retest support and then spike towards 8%. Bond traders should ideally look to go short in price (long in yields at 7.50%) with stop at yield equivalent of...
Tomorrow being RBI day its usual for Nifty to give only scalping trade chances. We slightly have a different view from yesterdays but still in-line with what we are expecting with Nifty.On lower timeframe's scalping chances will arise whether its move till 10110 or on bearish reversal with formation of double-top. Be conservative on the formation of double-top...
Hi Guys, If roasted peanuts are not your favorite snack, Get samosa n chai.. relax for the day. I guess Nifty is going to range for the day and the direction of Nifty will be decided based on RBI outcome. This time we have Monetary Policy Committe ( 6-member panel) discussing what to do with Interest rate n whats best for Economy. Actually, when Urjit patel...