Abhijit_Paul

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...

05:51

Abhijit_Paul

Nifty View: A frustrating trading session for the benchmark Nifty index as it lost all of its opening gains and face high intraday volatility. The index seems to be at at crossroad wherein 16,500 acts as an important decider of momentum and sentiment. A break below today’s low of 16,390 will infuse fresh selling pressure, so stay cautious and try to trade less...

Abhijit_Paul


Nifty View: Knee jerk reaction from the benchmark Nifty index towards the end of last week’s session. A sharp gap down on Friday’s trade leads to an almost reversal of the short term trend of the index which is now stuck between two important levels. On the upside, 16,500 will act as an important level for the index which it needs to scale above and sustain. As...

Abhijit_Paul


Nifty View: Benchmark Nifty fails to hold onto early gains with which it opened today’s trade. A classic “Exhaustion Gap” on the 75min chart lead to follow-through selling for the rest of the session. At a close of 16,572 there is not much damage on a close-to-close basis, but yes some sign of slowdown which will appeal to the Bears. The underlying trend is still...

Abhijit_Paul


Nifty View: Seventh consecutive positive daily close from the benchmark Nifty with today’s 40 points up move. Yesterday's “Shooting Star” pattern in the intra-day charts played out at the first half of today’s trade followed by a high-momentum bounce back and we are now back to yet another new life-high. Now, it's these kinds of days that start to create...

Abhijit_Paul


Nifty View: It has been a one-way high momentum rally for the benchmark Nifty over the past few trading sessions. At today’s close at 16,559, the index posts yet another positive day - up 42 points or 0.25%. A look at the 75mins chart, and we can see a “Shooting Star” which under the Japanese Candlestick parlance is a sign of a possible reversal. Now there is no...

Abhijit_Paul


Nifty View: Momentum continues beautifully as the benchmark Nifty scaled further heights like a breeze. No intraday volatility and not much over-head resistance either was observed in today’s session. Two successive positive weekly closes from the index now with a gain of over 700 points. A psychological level of 16,500 was met in today’s session and so early...

Abhijit_Paul


Nifty View: Benchmark Nifty index shows momentum in today’s session to break beyond the recent consolidation and post a new life high. An up move of 75% or 0.46% sets in fresh momentum and positive sentiment amongst the “Bulls”. Yes, price-momentum divergences do still exist in the intraday charts, but, so far, such a divergence has proven to be more of a...

Abhijit_Paul


Nifty View: Intraday volatility continues for the benchmark Nifty index. At a close of 16,281, it was a flat 6 points up move for the index today - not much to gain or lose at the end. However, we do notice a fair amount of damage to few small and mid-cap stocks which bring in some degree of uncomfort amongst market participants. Well, this is nothing compared to...

Abhijit_Paul


Nifty View: Benchmark Nifty index continues to show volatility as the index dropped sharply in the latter half of today’s session to test 16,200 again. Now with the recent 2-day volatility, one thing is certain - the short term support range of (16,150-16,200) is an important one and one can expect follow through weakness once this range is decisively broken....

Abhijit_Paul


Nifty View: Volatile trading session for the benchmark Nifty in today’s trade. The index oscillated within a range of over 100 points to close with a gain of just 11 points leading to a Japanese candlestick pattern which is known as “Spinning Top”. The underlying trend of the market is still very much up and resilient and considering the one-way rally that we had...

Abhijit_Paul


Nifty View: Benchmark Nifty decides to take a breather in today’s session, which is reasonable considering we had one big breakout to new life highs this week. At a close of 16,267, the index has just marginally slipped from its weekly high - a sign of short term consolidation and to gain some momentum headroom. The index is in a strong UP trend across all time...

Abhijit_Paul


Nifty View: Optimism continues as the benchmark Nifty extends the recent breakout with another positive session in today’s trade. So far this week, the index has gained over 520 points or 3.3%. And not only has it broken out to a new life-high, but it has also managed to do that with ease and held well without slipping down. Now at today’s close, a look at the...

Abhijit_Paul


Nifty View: Buying momentum continues as the benchmark Nifty extended yesterday’s up move with another 114-points gain in today’s session. Most of this gain came in from the very opening hour, post which the index essentially consolidated its gains. Good to see participation coming in from heavyweight sectors like Banking and Financials. The underlying trend is...

Abhijit_Paul


Nifty View: “BIG” breakout from the benchmark Nifty index in today’s session. The index finally delivered the much-awaited breakout with which comes positive sentiment and clarity in terms of the underlying immediate direction. There was barely any intraday dip during today’s rally which clearly shows that the bulls have got the contrarian bears trapped and this...

Abhijit_Paul


Nifty View: A fine 130 points up move from the benchmark Nifty in today’s session to take the index back above 15,900. The rally towards the psychological level of 16K has faced resistance before, so it is crucial for the index to sustain today’s gain and not give back like has been the case recently. The underlying short term trend of the index has now again...

Abhijit_Paul


Nifty View: The Benchmark Nifty index keeps oscillating and keeps us all guessing which way will it eventually breakout. With Friday’s unit point negative close it was a disappointing close as the index slipped significantly from its intra-day high of 15,872. There is no dearth of volatility but definite ambiguity in terms of the underlying trend of the index....

Abhijit_Paul


Nifty View: Wonderful oscillation from benchmark Nifty index over the past few weeks leads to enough reasons for the short term traders to feel a bit frustrated. The underlying short term trend has reversed multiple times with frequent instances of breakout failures in either direction. Now with today’s 69 points bounce back, the index has once again raised the...