Abhijit_Paul

Abhijit_Paul

Nifty View: Intraday volatility continues as the benchmark Nifty index consolidated yesterday’s sharp sell-off today. The nascent underlying short term UP trend is now vulnerable for a reversal. On the 75min chart we can clearly observe a range bound activity for the Nifty which is taking the shape of an Ascending Triangle. A break below today’s low of 14,616 will...

Abhijit_Paul

Nifty View: The hope of a retest of psychological 15K mark seems at a distance now. Benchmark Nifty sold off sharp in today’s session, bringing in a doubt about the stability and sustainability of the short term UP trend. Banks and Financials were hit the most in today’s sell-off with relative strength coming in from both IT and Metals. At a close of 14,706, the...

Abhijit_Paul

Nifty View: We have yet another reversal of the short term trend for benchmark Nifty index. Thanks to today’s big bounce back, the index finds itself close to the psychological 15K mark again. In fact amidst all these drama, the index has actually not gone anywhere over the past two months now. Last time we had a sell-off, it was from 14,900 and now the index is...

Abhijit_Paul

Nifty View: Sharp bounce back from the benchmark Nifty in today’s session which would have definitely surprised the bears who probably just stared to enjoy a much needed down trend. Nevertheless, a sharp gap up was well supported by buying throughout the trading session as the index managed a close at 14,620. Seems like the red falling channel on the 75min time...

Abhijit_Paul

Nifty View: The fall continues as benchmark Nifty breaks below the recent swing lows with high momentum. No respect to the erstwhile supports as the index posts a close near the lowest point of the day. The index has now come at the lower border of a falling channel on the 75min charts, where in we can expect some support. But rather than supports what will be...

Abhijit_Paul

Nifty View: And so the benchmark Nifty reacts from 14,900. Expected resistances held well and the index is now en route a retest of 14,500. Few days back we had a brief intra-day break of 14,500 as the index reversed from a low of 14,370. By the way, this is where lies a small rising gap which has proven itself once. And so we can expect some support to come in...

Abhijit_Paul

Nifty View: Benchmark Nifty index pushes itself further up to test the anticipated resistance at 14,900. We now have a down trending index which is attempting a trend reversal. And so a sustained close above 14,900 is necessary for further upsides or else we are heading for further downsides. A break below 14,700 definitely will confirm this prospective price...

Abhijit_Paul

Nifty View: Push and pull throughout today’s trading session as the benchmark Nifty manages a flat close at 14,756. At the end it was a little comforting for the bulls considering the fact that the index started off on a weak note. We have a fairly divided market with weakness coming in from Banking and Financials which was countered by Real Estate, FMCG, IT and...

Abhijit_Paul

Nifty View: A day full of high intraday volatility as the benchmark Nifty index managed a sharp bounce back after a weak opening. From the lowest point of the session of 14,370 it is an encouraging rally from the index to post a close at 14,750. This however does not reverse the underlying short term down trend yet. We will consider today’s bounce back as a...

Abhijit_Paul

Nifty View: Fifth consecutive negative session for the benchmark Nifty now. Post breakdown from the rising channel, the index tumbled further down in today’s session to test 14,500. Now this is where lies a confluence of supports. An important level indeed, but considering the underlying momentum of the sell-off it’ll be interesting to see whether it holds,...

Abhijit_Paul

Nifty View: We now have a break down in our hands. The benchmark Nifty has broken below the rising channel which has been holding the index up for quite some time. The underlying short term down trend goes over sold with all sectoral indices participating in the sell-off today. Of course the previous lows of (14,500-14,650) kicks in as the obvious supports and its...

Abhijit_Paul


Nifty View: The range of (15,000-15,100) did play out as a source of resistance for the benchmark Nifty in today’s session. The short term trend is down and a break below today’s low of 14,915 will infuse fresh selling pressure. A closer look at the volume profile clearly shows concentration of volumes at the anticipated (15,000-15,100) range and so as long as...

Abhijit_Paul


Nifty View: Dramatic day for the benchmark Nifty in today’s trading session. The index sold off sharp, just to bounce back sharper towards the latter half of the day. Now these are difficult volatile times for the index wherein the fight is to sustain above the psychological 15K mark. On the daily chart, we have a nice bounce back from the lower border of a...

Abhijit_Paul

 Nifty View: Quite a disappointing close for the benchmark Nifty in today’s trading session. A strong gap up opening which could have lead to a confirmed bullish weekly close reversed sharply to tease the psychological 15K level, yet again. Many traders would have found this turn around quite surprising - well the markets gotta do what its gonna do. We have a...

Abhijit_Paul


Nifty View: Nifty continues to extend the recent bounce back with slow and steady up days. Today’s trading session was marked with intraday volatility which resulted in no follow through buying post the positive gap up opening for the index. A closer look at the 15min chart of the index shows clear existence of short term resistance and support. On the upside,...

Abhijit_Paul

Nifty View: Benchmark Nifty index managed a swift up move in today’s session to post a confirmed close above the psychological 15k mark. And support came in from the pocket of the market which matters the most - Banks and Financials. BankNifty alongside the heavyweight Banking stocks which enjoy a high weightage on the overall market lead today’s rally. In fact,...

Abhijit_Paul

Nifty View: Both consolidation and intra day volatility continues as the benchmark Nifty index posts a flattish close in today’s session. For three successive trading sessions we have small bodied candlestick pattern. This suggests the tug-of-war between demand and supply which has resulted in this consolidation. Like Nifty, most of the sectoral indices have...

Abhijit_Paul

Nifty View: Intraday volatility continues as the benchmark Nifty posts a 1% negative close in today’s session. On a week-on-week basis, the index is up 2.75% thanks to the early high-momentum gains. With today’s close at 14,953, the index has now slipped below the psychological 15K mark - not a good sign. But the index did relatively better as it bounced back well...