SYFXTF

SYFXTF

The Bank Nifty moved in range of 709 points Viz. between 43857 & 44566. The past week saw less volatility and a narrower range and made another bearish candle, Though the current sentiments are negative, the declines closer to the monthly lows around 44K are expected to be bought. The weekly chart shows a Hammer candle and if confirmed has a potential target of...

SYFXTF

The market continues see the struggle to retain control by Bulls and Bears. The Index actually broke the key support zone of 19500-19450 to test a low of 19333 and recovered to close the week at 19653. The ensuing week also expected to remain volatile due to recent developments in the Geo-Political risk perceptions. A few observations from the weekly charts are: ...

SYFXTF

Past week saw a narrow range by taking 83.10 as pivot moved 0.17 on either side. One more attempt of 83.27 and reversal is fairly a good sign for a small correction towards 82.75. Market is no mood to believe decline towards even 82.50. At best we can presume that the range is gradually shifted higher between 82.70 and 83.30. Expect the range of 82.70-83.30 would...

SYFXTF

The Bank Nifty moved in range of 754 points Viz. between 44936 & 44182. The past week saw less volatility and a narrower range and made another bearish candle, Though the current sentiments are negative, the declines closer to the monthly lows around 44K are expected to be bought. The Index is moving in a descending channel with lower end at 43960 and the top of...

SYFXTF

The market witnessed a struggle to retain control by Bulls and Bears. Unlike the previous week, the intensity was lesser, except for the month end option expiry which saw sharp fall. However, the Friday’s recovery seems to send a message that the game is not over yet. Added pressure was due to a truncated week with monthly, quarterly and half yearly closing. The...

SYFXTF

Past week saw a narrow range by taking 83.05 as pivot moved 0.27 on either side. One more attempt of 83.30 and reversal is fairly a good sign for a small correction towards 82.50.and the 82.20. Market is no mood to believe decline towards even 82.20. At best we can presume that the range is gradually shifted higher between 82.50 and 83.30. Expect the range of...

SYFXTF

The Bank Nifty moved in range of 1704 points Viz. between 46252 & 44548. The high volatility and big moves are back in Bank Nifty. Past week it made a strongly bearish candle, Though the current sentiments are negative, the declines closer to the monthly lows around 44K are expected to be bought. The Index is moving in an ascending channel with lower end at 44650...

SYFXTF

The market witnessed a scenario which appeared as a complete U-turn of the sentiments. The expectation that the previous high would act as a support also was negated. In just four sessions the Index lost more than 50% of the gains made during the month. The ensuing week remains crucial with the culmination of the weekly, Monthly, Quarterly & Half yearly...

SYFXTF

Past week saw a narrow range by taking 83 as pivot moved 0.18 on either side. It is evident from the market action that the declines are used as opportunity to hedge the Imports. Market is no mood to believe decline towards even 82.20. At best we can presume that the range is gradually shifted higher between 82.50 and 83.30. Expect the range of 82.50-83.30 would...

SYFXTF

The Bank Nifty moved in range of 1079 points Viz. between 45310 45383. As expected the previous three weeks move to be treated as consolidation, the Bank Nifty finally broke its narrow range. It made a strongly bullish candle, With the change in sentiments, the declines are expected to be bought. The Index is moving in an ascending channel with lower end at 44950...

SYFXTF

The past week saw a continuation of the positive sentiments except a struggle as it crossed the previous peak. As expected the Nifty posted a new ATH. The Index made a strongly bullish candle. on weekly chart which is a positive sign. The previous high would act as a support for some time. A few observations from the weekly charts are: The index moved in a...

SYFXTF

Past week saw a a sharp move past 83 and attempted 83.22. Every time the currency pair attempt above 83 the panic buttons are pressed. The earlier breach above 83.10 is still fresh in the minds, the buying interest continues as the market is still not sure of a decline below 82.20. It is evident from the market action that the declines are used as opportunity to...

SYFXTF

The Bank Nifty moved in range of 1176 points Viz. between 44207 & 45383. As expected the previous two weeks move to be treated as consolidation, the Bank Nifty finally broke its narrow range. It made a strongly bullish candle, With the change in sentiments, the declines are expected to be bought. The Index is moving in an ascending channel and expect the lower end...

SYFXTF

The past week saw a return off positive sentiments as could be seen from the positive candles on all five sessions irrespective of the size of the move. The Index made a strongly bullish candle. on weekly chart which is a positive sign. The base around 19220-250 is proving to be a strong for a new wave. A few observations from the weekly charts are: The index...

SYFXTF

Past week saw a slow grinding in a narrow range between 82.53 & 82.80. Previous week’s decline was short lived as the market witnessed continued buying interest at lower levels. The earlier breach above 83.10 is still fresh in the minds, the buying interest continues as the market is still not sure of a decline below 82.20. It is evident from the market action...

SYFXTF

The Bank Nifty moved in range of 949 points Viz. between 43830 & 44779. The Bank Nifty seem to be caught in a range and do not exhibit a clear direction. Though it made a bullish candle, it moved almost in the same range as that of the previous week and made lower lows and lower highs. This can be treated as a consolidation phase before gathering momentum and new...

SYFXTF

The past week saw a narrow range and every attempt was punished with sell-off during the first four sessions. The Friday’s market action appeared a stand-out and saw a strong bull candle and helped in closing near the high of the week. The Index finally made a bullish candle after five bearish candles on weekly chart which is a positive sign. The base around...

SYFXTF

Past week saw a dramatic shift of stance. Aided by the buoyant mood after India achieved a successful soft landing on the moon, the market witnessed a sharp sell-off towards 82.35. It appeared as if the markets were betting on another failed mission or the previous trigger past 83.30 was a false break. However, the buying interest continues as the market is still...