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NIFTY ON 22-12-2022 Opened Gap up Index failed to hold its gain amid the fear of latest surge in COVID Cases in China and fell from the day high of 18318.75 to the day low of 18068.60. Except IT all other vital Indices closed in red as selling pressure was so immense that every rise was sold. Index closed at 18127.35 wit a loss of 0.39% forming a long Bearish...

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NIFTY ON 07-12-2022 The unexpected Hawkish approach by the Central Bank spoilt the sentiments and the effect was visible as soon as the indications of further rate hikes got out. NIFTY opened flat with a positive expectation and traded higher during the first 30 minutes. However, in the later part of the trading session Index failed to continue the momentum and...

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NIFTY ON 06-12-2022 As expected it was a rangebound session after Gap-down opening and the nervousness was visible among both the Bulls and the Bears. The weak global cues and RBI’s MPC awaited outcomes remained the prime two factors which controlled the session today. All the Indices closed in Red except FMCG, OIL&GAS and PSU BANK. Index successfully defended...

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NIFTY ON 05-12-2022 It was a volatile session which kept the Index rangebound. Opened flat Index immediately fell to retest 18600 which holds the first support level for Index and recovered sharply to reclaim 18700 on closing basis which remains the decisive level as if the Index sustains this level there are high chances that Index will move towards 18800-900...

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NIFTY ON 02-12-2022' The Index moved in a predictable manner as profit booking was observed at higher levels. Opened gap down Index fell till 18650 (18639.20) which holds strong support for NIFTY. A pull back rally from this level brough Index back near 18700 which is the decisive level for upcoming trading sessions. Among vital Indices METAL and PSU BANK held...

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NIFTY ON 01-12-2022 It was a volatile trading session and an intense tussle was observed among the Bears and the Bulls. Following the positive global cues Index opened gap up and moved towards 18900 which was a crucial level as per the options data. Profit Booking and selling came from this level which dragged Index below 18800 during intraday. IT and METAL took...

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NIFTY ON 29-11-2022 The global cues also could not stop Indian Markets as under the leadership of FMCG and METAL Index continued its northward journey and made an all time high of 18678 during intraday. Crossing all the options barriers Index sustained 18600 and closed above it with a gain of 0.30% making a Bullish candle on daily chart. Technical View : (Daily...

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NIFTY ON 30-11-2022 The Bullish sentiments continued and the Bulls had upper hands throughout the session and the Index defended 18600 comfortably and compelled the Bears to throw the towel which finally led to short covering in the final hours and consequently Index made a new all time high of 18816.05. AUTO and METAL emerged as the leaders with the gains of...

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NIFTY ON 28-11-2022 Opened with a Gap Down near the first support level Index fell further to retest 18360 ( which was the strong support level as we had discussed in the previous post). Under the leadership of RIL the Index pulled back from the second support level and made a new lifetime high of 18614.25. Profit booking was observed at highest level of the...

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NIFTY ON 25-11-2022 Opened gap up Index failed to hold 18500 during the initial hours of trade and remained range bound until the final two hours. Except BANK, FINANCIAL SERVICES and FMCG all the Indices supported NIFTY. AUTO and IT emerged as the leaders with gains of 0.88% and 0.53%. Buying in RELIANCE ( 1.49%) also supported the Index in its northward...

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NIFTY ON 23-11-2022 Opened gap up Index behaved in a very predictable manner as the levels were respected at both the sides. Sellers got active as soon as the Index opened in the first level of resistance i.e. 18310-18360 which dragged down NIFTY to the first support level of 18260-18210. BANK and OIL&GAS took the lead with gain of 0.64% and 0.54% respectively...

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NIFTY ON 22-11-2022 The session started with a flat opening and fell to retest the first support level of 18135-18100. With support of IT and METAL Index succeeded to defend the first support level and rose to day high of 18261.85 which is the first resistance for NIFTY. All the vital indices closed in green and consequently Index closed at 18244.20 making a...

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NIFTY ON 21-11-2022 Beginning with a Gap-down Index continued to show weakness and failed to hold 18200. With support coming from no vital index NIFTY fell to day low of 18133 which is near the support level of 18118. Though there was a pull back rally towards 18200 the selling pressure was visible at higher levels which dragged the Index towards 18135. IT and...

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NIFTY ON 18-11-2022 Index opened with a marginal gap up near the resistance level of 18400 and with no surprise continued to show weakness and fell from the day of 18394 to retest 18200. I believe the readers who have been following the posts must not be surprised as we had discusses in the previous post that the technical indicators are giving strong signals...

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NIFTY ON 17-11-2022 As discussed in the previous post 18400 held strong resistance throughout the trading session and Index failed to pass this even after several attempts. With all the major indices closed in Red, AUTO and IT remained the top losers with loss of 1.36% and 0.90 % respectively. However, Index succeeded to defend 18300 on expiry and closed at...

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NIFTY ON 16-11-2022 It was a topsy-turvy trading session amid the geo-political ill News between Poland and Russia and weak Global cues the Index opened Flat near 18400 and immediately corrected from the opening level to retest 18360 in the first hour of the trading session. However, Index succeeded to defend 18360 and rose to the day high of 18442.15 which is...

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NIFTY ON 11-11-2022 The Index remained range-bound throughout the trading session after opening near the resistance 18385. Buying was observed in METAL and IT which gained 1.73% and 0.87% respectively while weakness was seen in FMCG (-1.35%). Index closed at 18329.15 after making the day high of 18399.45. with a loss 0.11% of 1.78% making a Bearish candle on...

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NIFTY ON 11-11-2022 The ease of fear in rate hikes in US was the key behind the positive session took place on the last day of trading week. Following the global cues Index opened sharply above the crucial level of 18200 and continued the unidirectional journey throughout the trading session. AUTO and FMCG continued the losses as these were the only indices which...