PromodSshrivastava

PromodSshrivastava

Yet another gap up opening is likely tomorrow as indicated by sgx nifty and global markets sentiment. PCR is higher at 0.81. CPR is wide at 182 pts and gap up opening should probably be sustained and banknifty can consolidate before next move. FII/DII were net sellers at 218cr. We could again see some buying support from FIIs tomorrow, they were net buyers at...

PromodSshrivastava

Nifty breached the camarilla R3 and closed above it. Also closing above 50/100/200EMAs with a big bullish candle. This rally was despite a net selling of 218cr by FII/DIIs...with FIIs buying for 384crs. PCR is 0.76 and CPR is 96pts wide. Nifty could sustain the gap up and consolidate tomorrow, with a rally towards 17670. Softening of crude and rally in global...

PromodSshrivastava

banknifty made a big bearish candle unable to sustain above the EMAs, close was below all three 50/100/200EMAs. If it trades below PDL tomorrow, we could see levels below 35k. PCR is 0.6 big drop. VIX is high at 24.6 gaining 8.9% today. CPR is 154pts wide, a trending market can be expected. Crude gained over 5% since market close and market is looking weak. What...

PromodSshrivastava

Nifty partly filled the gap today. Nifty could not sustain above R3, making a sharp fall to close just above 17100. Gap up opening is indicated tomorrow, however it is unlikely to sustain. Crude has gained over 5% post market close and ukraine issue is still a worry. Cororna news is again making headlines and india VIX rose almost 9% today. Todays candle is almost...

PromodSshrivastava

banknifty will probably also have a gap up opening (if sgx nifty indicating 200pts gap up for Nifty currently). CPR is narrow so a trending day is expected. Weekly chart shows two back to back gren candles on Nifty/banknifty charts. FIIs have turend net buyers on last few trading sessions. CPR is 0.97. Vix has fallen to 22.61 any fall below 20 could be extremely...

PromodSshrivastava

SGX nifty is indicating yet another massive gap up opening tomorrow-assuming factors remain unchanged and the gap up indication remains vaild tomorrow morning before market open also. Last session, Nifty closed above camarilla R3 , any sustained gap up, breach of PDH, will take it to camarilla R4 level (17675). Higher levels could be seen during the week assuming...

PromodSshrivastava

banknifty closed above 50EMA indicating fresh strength backed by FIIs turning net buyers today. PCR is 0.97 and VIX is below 25. The global markets are recovering and indian markets are reflecting the same sentiment. After fed meeting tomorrow, we can check if the sentiments are unchanged. Nifty is indicating 279pts gap up, banknifty could be higher. CPR is...

PromodSshrivastava

SGX nifty is indicating yet another massive gap up tomorrow of 279pts, a reflection of buoyancy in global markets. Let us recheck this after fed meeting tonite and before market open tomorrow morning. PCR is 0.84 and VIX has dropped below 25. Fresh investments can be expected once VIX is showing cooling off and sustaining below 25 and going towards 20. CPR is...

PromodSshrivastava

VIX went up by 4.1% & FIIs sold for 1250cr Vs DII buying only 98cr. So despite crude plummeting below 104USD, net impact on the market was a sharp downward move and close remained below 200EMA. We can expect a followup Red candle tomorrow. However PCR is 0.77 (was above 1 yesterday) indicating we could see an upmove, global markets have recovered and crude has...

PromodSshrivastava

FIIs sold for 1250cr as DIIs managed to buy just 98cr in a no match. VIX shot up 4.1% to 26.73. CPR is 0.63. Bearish engulfing setup indicates a followup red candle tomorrow. Also close below 200EMA is also indicating weakness. While crude has closed below 100USD is propelling US markets upwards again. So will Nifty be able to make a U turn tomorrow? Volatile...

PromodSshrivastava

Banknifty is looking strong on the weekly charts. It has taken support of 100EMA and closed just below 50EMA. PCR is above 1 probably indicating that the fears are behind and bankning stocks are set to rebound. Another indication is that FIIs sold for just 177cr. Crude bounced back and is currently trading at 103USD, much much lower than the doomsday predictions...

PromodSshrivastava

Nifty closed above 200EMA with a big bullish green candle. FIIs were supportive by selling for just 177cr against a 1099cr buying by DIIs. Suddenly the PCR is at 0.9 and vix also increased marginally and remains above 25. Crude crashed to 103 USD, a sharp fall from the highs a week back. Global markets also have registered gains. Such global sentiments have driven...

PromodSshrivastava

banknifty closed below 200EMA for 9th consecutive day. It has taken resistance at critical resistance 34500, 34000 is the critical support below which it could move below 32000. In the absence of a good global news, this seems most likely. PCR is at 0.64 so it is oversold however fear is high and vix is above 25. CPR is very narrow and a trending day can be...

PromodSshrivastava

Nifty charts remain weak, 8th consecutive day close below 200EMA on daily charts. Crucial support of 15800, if broken, will open lower levels. PCR at 0.84 and Vix above 25 indicate that there is some more of the same to come. Markets aren't in safe zone yet. CPR is very narrow and trending market can be expected tomorrow. More threats are flying around with no...

PromodSshrivastava

Banknifty continues to trade well below 50/100/200EMAs. How long before we see it bounce above these indicators, and sustain? Banknifty quickly lost ground after a massive gap up. The expectations of a truce and solution to ukraine issue didnt materialise. Global supply chain concerns around oil and commodities remain and it remains to be seen if the crude...

PromodSshrivastava

Nifty could not sustain above 200EMA and closed below it. In the past 10 trading sessions, only once has Nifty been able to close above 200EMA. Again, this is despite muted selling by FIIs. FII-1981cr sales/DII 946cr buying, were relatively quiet in the market with a net sales of 1035cr. Once FII selling resumes, retail confidence could take a dent and another...

PromodSshrivastava

Banknifty could have made a more spectacular recovery but for net selling of 1543cr today by the FII/DIIs. Shortcovering took the market to new highs on money power of DIIs and Retail investors as FIIs again sold for a massive 4819cr. Oil prices recovered but still remain too high for comfort. Inflation fears are still real. Are all the downside factored in ?...

PromodSshrivastava

Nifty filled the gap in a massive short covering rally. FIIs continued selling with active buying by DIIs, net 1543cr selling. Despite the selling, retail investors pulled the market up second day in a row. How long will this be sustained? Probably for another day...if market crosses camarilla S3 then 16973 level could be touched. Positivity around resolution of...