Equity_Compound_2

Equity_Compound_2

29th July' 2022 (Evening) -- | Written on 31st July' 2022 at 9.00 PM | Markets closed the July series on strong note. #Nifty made a rise from 15758 to 16929 and #BankNifty made a rise from 33642 to 37378. Most of these gains were made in the second half of July. The first trading of the current series saw further build up of positions on the long side. With...

Equity_Compound_2

19th July' 2022 (Evening) -- | Written at 11.00 PM | The markets opened gap down today to weak global cues. After opening though there was nothing to look back at. After an initial hurdle at 16325, the markets breached this level and closed strong with #Nifty at 16340 and #BankNifty at 35720. While i was expecting #Nifty may take down 16325, I actually...

Equity_Compound_2

18th July' 2022 (Evening) -- | Written at 9.00 PM | It was a good day for the markets today. Boosted by the move in US markets on Friday and taking support from the strong Global cues this morning, #Nifty gave a strong performance. Same goes for #BankNifty. As mentioned yesterday, #Nifty opened at 16151 and this was the level I mentioned yesterday to watch....

Equity_Compound_2

Nifty Nifty on Friday opened marginally up, lost some ground and then again rose to make a intraday high of 16336 before closing at 16252, making a bearish inside candle on the daily chart. Important is that the low of Thursday at 16210 was protected, indicating some strength at this level. Now we need to watch for an immediate short term perspective a breach of...

Equity_Compound_2

Nifty After the stellar move over the last two days, Nifty took a breather today. Nifty made a small bearish Doji kind of a candle on a daily chart. Indicating some uncertainty. After touching 16380 intraday, it closed at a new all time high of 16294. Important is to see, which side is protected tomorrow, todays low of 16210 or todays high of 16380. Generally...

Equity_Compound_2

After a long run up, markets seem to be in a phase of some consolidation and correction, While i expected a higher correction on indices, it came more on Bank Nifty and less on Nifty. Reliance continued to hold Nifty. Probably because of its AGM this week and also some inside news of a fresh investment. HDFC Bank and Reliance both seem to be bullish as of now....

Equity_Compound_2

Markets opened with caution today, but gained ground through the day. in the second half though the banking stocks saw pressure and led to selling. Indices closed near the lower end of the trading range. Indicating caution. Option data suggests a trading range of 9800 to 1000 for tomorrow. Bank Nifty seems to have a trading range of 19500 to 20500. As usual lets...

Equity_Compound_2

After opening at a strong position today, markets quickly saw some profit booking and started slipping. The Indo China border flare up news came in and markets reacted sharply. Though they quickly recovered. As of now the market has shrugged of the border issue. Though, i feel we need to watch it closely. The markets are clearly following US. US is positive today...

Equity_Compound_2

Data indicates weakness embedding in the markets. Markets did see support coming in at 9726 levels. This would be an immediate support for the market. However, if retested, it may be vulnerable. Similarly, BankNifty saw support coming in at 19740, this would be an immediate support as well. If market stabilizes tomorrow, BankNifty may outperform Nifty. Lot...

Equity_Compound_2

A change in the FII view seems happening. They are gradually getting more bearish (atleast in short term). The week saw huge volatility of around 800pts. After opening at 10328 levels it saw a min of 9544 and closed at 9958 recovering around 400 pts. The low of 9544 is a strong support for this week and also the month. On the higher side 10150 is where resistance...