Abhijit_Paul

07:21

Abhijit_Paul


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...

05:17

Abhijit_Paul


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...

07:29

Abhijit_Paul


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...

06:38

Abhijit_Paul


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...

08:29

Abhijit_Paul


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...

08:20

Abhijit_Paul


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...

08:10

Abhijit_Paul


Nifty View: A beautiful 150 point up move from the benchmark Nifty index in today’s trading session to mark the end of the recent 6-day old consolidation. The trend was UP and now with today’s rally it has picked up fresh buying momentum. Also good to observe stocks from PSU banking space participating in the up move, especially index heavyweight SBIN. The worry...

07:48

Abhijit_Paul


Nifty View: Range bound price behavior continues for the benchmark Nifty index. At a close of 17,385, the index slipped a bit, from its intraday high to manage a small gain of just 25 points. It is now six trading sessions that the index has stayed range bound which is nothing but a sign of consolidation after the recent rally. The underlying trend is very much...

06:49

Abhijit_Paul


Nifty View: Intraday volatility stays on the higher side as the benchmark Nifty index oscillated within a day’s range of 125 points. At a close of 17,386, it was a flattish positive close from the index, up just 10 points. On the daily time frame, we have clear signs of directional uncertainty thanks to formation of Dojis or small bodied candles. If banks...

06:56

Abhijit_Paul


Nifty View: Intraday volatility makes a comeback as the benchmark Nifty oscillates within a days range of 150 points. At a close of 17,375, the index lost 28 points on a day on day basis and form a beautiful "Doji". Yesterday we spoke about the possibility of an exhaustion gap on the daily charts and keeping in mind today's price action this possibility to be an...

07:19

Abhijit_Paul


Nifty View: Yet another positive daily close for the benchmark Nifty index in today’s session - up close to half a percent to end above 17,400. We had a gap up opening today post which there was a definite lack of follow-through buying which has lead to a small bodied daily bar. We have also noticed profit taking from most large cap index stocks like RELIANCE...

07:29

Abhijit_Paul


Nifty View: The benchmark Nifty index seems to be in no mood to consolidate or slowdown. A gain of over 150 points in today’s session takes the index to a new life high and close at 17,247. Early signs of price-momentum divergences have stated to shape up in the intraday charts which can lead to a consolidation, but considering the underlying momentum and...

07:32

Abhijit_Paul


Nifty View: We now have a slow down of the recent momentum as the benchmark Nifty posted a flattish negative close to end the trading session at 17,096. The index did slip quite a bit from its intraday high of 17,228 to end the series of four consecutive positive daily closes. No damage to the underlying UP trend yet and any further weakness should be first...

08:32

Abhijit_Paul


Nifty View: The rally and momentum continues as the benchmark Nifty index gains over 150 points to scale above the milestone of 17K - congratulations. The lack of any sign of consolidation or intra-day correction clearly establishes the fact that we are in a very strong Bull market. With this recent up move the index has now moved into a state of high-ranged UP...

05:45

Abhijit_Paul


Nifty View: A strong opening to the week from the benchmark Nifty index today. A gain of over 200 points to inch very close to the next milestone - 17,000. There is no dearth of momentum and resilience and so we should not question the possibility that this 17K level will be breached. However intraday charts are a little stretched in terms of momentum indicators...

07:31

Abhijit_Paul


Nifty View: Hi good evening traders … we are on the evening of 26th of August 2021, fairly muted session for the nifty specially keeping in mind that we had the expiry of derivatives contracts today, up by just six points on the daily timeframe. We now have consecutive to spinning tops and on a day on day basis you can see lower high and lower lows, this is not...

06:19

Abhijit_Paul

Nifty View: With today's flattish move the benchmark Nifty has created somewhat like a “Spinning Top” on the daily time frame. This suggests uncertainty and incapability to hold onto the new life high. This failure was mainly due the underperformance that we noticed within the banking and auto stocks. We can also observe a price-momentum divergence on the daily...

10:19

Abhijit_Paul


Nifty View: A fine short term breakout from the benchmark index in today’s session. With this move, the index clearly shows the intention of a possible new life high soon. Will it deliver? Considering the expiry of derivatives contracts coming up the possibility and volatility both are likely to be on the higher side. Do watch the video for a detailed analysis of...