Abhijit_Paul

Abhijit_Paul


Nifty View: A slow-paced gain of 101 points from the benchmark Nifty index in today’s trading session. We have been looking at the high of 14,765, above which we expect some buying impetus. And today the index has teased this level and managed a close at 14,780. We should see a swift move towards (14,900-15,000), provided there are no negative surprises at the...

Abhijit_Paul


Nifty View: Benchmark Nifty traded within yesterday’s high-low range to end as an “Inside Bar” in today’s session. Though restricted within a narrow range, still we noticed some degree of intra-day volatility. The underlying short term trend though DOWN is attempting a reversal on the upside. A break above yesterday’s high of 14,765 is likely to infuse fresh...

Abhijit_Paul

Nifty View: Post today’s negative close the current price situation of the benchmark Nifty index is quite interesting. On a day-on-day basis, the index has created a sequence of higher-highs and higher-lows with the price closing down. This allows us to work with two important short-term levels. On the upside, it is today’s high of 14,765, a move above which will...

Abhijit_Paul


Nifty View: At a close of 14,700, the benchmark Nifty index did manage to show good strength to bounce back from the intra-day low of 14,460. The index is now stuck mid-way of it’s recent rally from 14,150 to 15,000. The underlying short term trend is still down, and we know how volatile this short term trend has been over the past few months. In other words, a...

Abhijit_Paul


Nifty View: The benchmark Nifty ends April’21 derivatives contracts with a lot price drama. A strong opening which took the index above psychological 15k faced profit taking and supply to end the day down at 14,897. No complaints though as the index has recently posted a fine bounce back which has lead to reversal of the short term trend UP. (14,900-15,000) is a...

Abhijit_Paul

Nifty View: The benchmark Nifty did exactly that in today’s session as it gained 200 points to post a close at 14,846. In two trading sessions, the index has comfortably closed two falling gaps and is now all set to eye the psychological 15K mark … again. There has been no dearth of momentum from the index as it was well supported by the sector that matters the...

Abhijit_Paul


Nifty View: The benchmark Nifty has managed a reversal of its short term trend with today's 158 points gain. At a close of 14,645, the index has managed a confident close near the highest point of the day. There was no lack of support or participation as all sectoral indices closed positive in today’s session led by Banks & Metals. The index is likely to eye the...

Abhijit_Paul


Nifty View: The benchmark Nifty index faired well in today’s trading session gaining close to 150 points to post a close at 14,487. The underlying short-term trend of the index is still down but thanks to this upmove, it's now on the verge of a reversal. The index needs to deal with some serious resistance up ahead. The first range of resistance is within...

Abhijit_Paul


Nifty View: A fairly volatile session for benchmark Nifty as the index slips 65 points in today’s trading session. Intra day volatility was on the higher side as the index failed to hold on to either to the day’s low of high. Under the Japanese Candlestick parlance, we have a “Doji” which clearly reflects the degree of uncertainty in terms of the immediate trend...

Abhijit_Paul


Nifty View: Benchmark Nifty index manages a much-needed bounce back in today’s session to post a close tad above 14,4400. A falling channel in the 75min time frame which we’ve been focusing upon still services as the index miraculously manages to bounce back every time from its lower border. And alongside the last three lower lows of price we clearly now notice a...

Abhijit_Paul


Nifty View: Tough times for the benchmark Nifty index as volatility spikes up. Today’s price behavior was quite disappointing as the index gave away all of the opening gains and slip to post a close at 14,290. Time and again the 100-point range of (14,200-14,300) has proven as a strong source of short term support and so a break below this range will definitely...

Abhijit_Paul


Nifty View: Yet another gap down for the benchmark Nifty in today’s trading session. The index reacted from an erstwhile falling gap hard losing over 250 points in today’s trade. At a close of 14,384, it was relatively much better off bouncing back from the intra-day low of 14,213. A look at the 75min chart clearly shows the index sliding down the falling channel...

Abhijit_Paul


Nifty View: Slow and steady the benchmark Nifty index has managed a three day bounce back to retest 14,700. But in today’s last hour we did notice some degree of selling pressure as the index faced resistance from the erstwhile falling gap within (14,700-14,800). This 100-point range is important from a short term perspective and only a move above this zone will...

Abhijit_Paul


Nifty View: Benchmark Nifty manages to post a fine bounce back from today’s intra day low of 14,374. At a close of 14,597 the index has managed a 2-day slow bounce back post the sharp sell-off which we noticed on 12th of April’21. The underlying short term trend of the index is still very much down and the index needs to take off immediate resistance zone of...

Abhijit_Paul


Nifty View: A huge knock to the benchmark Nifty in today’s session as the index lost over 500 points. It was all out selling from the very beginning when the index gapped down over 200 points. The short term trend which was trying to hold up has mercilessly turned down and now we have an index which is in a down trend across both immediate and intermediate time...

Abhijit_Paul


Nifty View: Benchmark Nifty index slips 30 points in the last session of the week to post a close at 14,890. The index is now dealing with a strong zone of supports within (14,800-14,900). The nascent short term up trend is trying its best to hold on and not slip back to a reversal, again. And for this the index needs to sustain above 14,800, or else we will be...

Abhijit_Paul


Nifty View: Quite an eventful day for the benchmark Nifty in today’s trading session. The index did manage the anticipated breakout above the psychological 15K mark, but then towards the end slipped significantly. At a close of 14,937, the index is still below the jinxed 15K mark. It was the banking stocks that disappointed the index most in today’s session and...

Abhijit_Paul

Nifty View: It was a good day for the benchmark Nifty index as it extended its rally further. A look at the 75-minute chart suggests that prices are on the verge of a break out from an ascending triangle. The underlying short-term trend is still very much up and a break above this triangular pattern will set in fresh buying impetus for the index and the overall...