Jay_Maan

Jay_Maan

NIFTY has been consolidating this whole week. And now that the weekly Expiry is over today, it is ready for a trending move either side - to resume it's upward March towards 25000 OR to retest it's recent swing lows. Although it seems to be trading within a clearly defined Regression channel for now.

Jay_Maan

Bank Nifty has broken out of its broader range and is now looking good for further upside continuation. 0.5% CRR cut announced by RBI is a huge positive for Banking stocks.

Jay_Maan

Nifty is looking good for next week with a positive market structure. But it may undercut 24600 and test 24500 before resuming the rally. Immediate resistance is placed in the Zone of 24900-25000. But be careful trading the breakout of the high of the long legged Doji formed on Thrusday.

Jay_Maan

Bank Nifty has formed clear Demand and supply Zones astride 0.618 and 0.236 Fib retracement levels with the Zone of 0.5 and 0.382 acting as a Pivot. Going by the pattern, the November monthly closing seems to be in the range of 51353-51500 Zone.

Jay_Maan

Nifty 50 took support near .618 fib retracement levels on Daily TF which is astride 200 DEMA (23555). An Overhead Supply Zone has formed below the 0.382 fib retracement level (24567). The pattern formation suggests November monthly closing in the Pivot Zone of 23786 to 24053.

Jay_Maan

Ever since the breakdown of 03 Oct, Bank NIFTY has been trading in a range of about 2000 points. Any sustainable move will only come once this range is decisively broken.

Jay_Maan

It's that time of the year again! After the Doom and Gloom of October comes the Rays of hope in November and the ' Trump Effect ' may ensure that Santa comes early to the markets this year. There is just a small matter of a recent Swing low (78768) to be undercut, and then we can see the liquidity return to the markets by way of cheaper rates (just how long can...

Jay_Maan

It is debatable whether any sitting US President can exert much control over an economy that is as large and as complex as that of the U.S. But Stock Markets are a fair indicator of the overall state of the US economy based on investor sentiment in the markets. So let's have a look at the various factors that affected how the Dow Jones (as an illustrative...