Estimates for today
The action this morning is between 4987 and 5020 levels we have discussed often from early this week. The gap down open has come in contrast to the close yesterday, quite simply because it is outside of range and value. This points to the presence of inter-mediate term selling activity which does not give me […]
Closing Comments
Another good day in the office. The market held through the 5020-5072 range and with 3 minutes to go looks like we will close at POC in the NF.This puts the train on track for 5135 which we discussed in the morning. Values being created today were 5088-5065-5042, though we will have some minor adjustments […]
Trade Update : Bank Nifty ( 9575)
At target 1 and a 100 points up in 80 minutes ! Let’s keep riding it. Bring Sl now to 9530. Trade is safe. .
Trade Update : Bank Nifty ( 9535)
I suggest booking partial profit at 9535 levels and bringing SL of the remaining to 9495. Reasoning : SBI and Nifty are both fighting resistance and we can happily pocket the 60 points we have got in the trade in an hour’s time and play it safe. .
Trade Alert : bank Nifty
Description : Buy Bank NiftyPrice : 9475Sl : 9425Target : 9565/ 9640 .
Nifty Profile Pic
Here is an intra day chart of the Nifty Spot stretching back to the 4th of may. As you can see that the range from 5135 spot to 5020 spot represents a minus development region and the Nifty is taking the first steps today to rectify the scenario. What do I mean by this ? […]