Sandeep_CA

Sandeep_CA

Nifty opened gap up and finally crossed much awaited 22000 mark moving much higher in a strong session. Price action was strong buying through out the day forming a clear strong bullish candle on daily charts. Nifty saw buying through out session and sustained above 22000 most of the day. Nifty futures open interest saw good addition with increase in price suggest...

Sandeep_CA

Nifty opened flat around previous day’s close to sell off to 21450 levels to recover from lows and then defending 21500 levels and to close above 21600. Price action was strong buy on dips defending 21DEMA and formed a bullish candle. Nifty Future open interest saw slight decline with increase in price which signifies slight bearish outlook. Options data suggests...

Sandeep_CA

Nifty opened gap up reacting to positive global cues and gained more but couldn’t sustain at high levels. Post noon Nifty saw sudden collapse to test previous day’s lows and closed at almost lowest point but in positive. Price action was weak and sell on rise forming bearish continuation candle. Nifty Futures added small open interest with slight increase in...

Sandeep_CA

Nifty opened flat at previous close to find sellers from the start of session to close at the lows. Price action was weak and bearish, saw sell at every pull back forming bearish marabozu candle. Nifty futures saw negligible addition with decrease in price so no significance takeaway from futures. Options markets saw huge Open Interest buildup at 21600-700 levels...

Sandeep_CA

Nifty opened bit high from previous day’s close so find buying through out session. Price action was strong towards buying side once it settled above 21600 levels and finally close at day’s high forming a bullish candle. Nifty Futures Open Interest almost flat suggesting no much Short positions were added and chances of further going up. Options data saw strong...

Sandeep_CA

Nifty opened flat and started selling off towards previous day’s low and didn’t find momentum to bounce back for most of the session to sell off more towards end of the session. Price action was weak and bearish forming a bearish marubozu candle. Nifty Futures Open Interest saw addition with fall in price indicating weakness and addition of shorts positions which...

Sandeep_CA

Nifty opened at previous day’s close and selling creeped in taking Nifty to 21550 levels. Post noon saw buying from day’s lows with the help of RIL and CIL but couldn’t close above previous day’s lows. Price action was negative seeing selling at bounce forming a bearish candle pattern taking support at 10DMA. Nifty futures Open Interest saw slight increase with a...

Sandeep_CA

Nifty opened flat remained side ways most of the day till post noon to pick up and make new high in later part and with profit booking to close flat. Price action was not serious as volumes were thin and formed a doji candle showing uncertainty at new high. Future Open Interest saw very small addition with flat price. BankNifty also opened flat to move up post...

Sandeep_CA

Nifty and BankNifty performed positively to close higher by 2% almost at all time high levels. Price action was strong with buying on every dips and steady up move forming a bullish candle on weekly basis. Rollovers were good in Jan expiry mostly Longs. FII long position is around 67% and Short position at 33% saw FII Net buying this week. Futures saw Open...

Sandeep_CA

Nifty again gapped up opened above previous day’s close continuing its up move. Price action was strong and formed another bullish candle closing at almost high of the day. Positionally close to 22000 levels may be by tomorrow or Monday. BankNifty also followed Nifty in opening above previous day’s close and closed at new high again. Price action was strong though...

Sandeep_CA

Nifty opened above previous day’s close and kept on building on gains step by step. Today’s price action was strong buying at every small dips resulting in a strong bullish candle closing above previous highs and making a new high. 21600-21700 zone witnessed Call addition and 21500-400 saw large build up of Puts confirming support. Positionally Nifty looks good to...

Sandeep_CA

Nifty opened higher than previous day’s close and made new high almost touching 21600 and saw profit booking after failing to go beyond 21600. Post after noon session profit booking got intensified to close at day’s low which is close to last Thursday’s close. Price action was strongly bearish which saw profit booking from the highs forming a bearish Marubozo...

Sandeep_CA

Nifty opened flat and soon witnessed profit booking to find support at previous day’s low. As happening daily found buying support from the dips and made a new high and ended day with slight profit taking. Price action saw buy on dips forming a candle with big lower wick suggesting bullishness. BankNifty also opened flat to find sellers at opening and found...

Sandeep_CA

Nifty opened flat around previous day’s close to trade in a small range through out the day and closed flat. Price action was kind of consolidation in a small range didn’t break previous day’s high forming a small doji candle signifying indecisiveness. Nifty Future open interest saw slight fall with flat price nothing much can be read into this. Saw Put addition...

Sandeep_CA

Nifty and BankNifty both closed almost at high point of the week gaining more than 2% from previous week’s close forming a bullish candle again. Price action is very strong with majority of the support coming from IT stocks in Nifty along with Banking stocks. * Nifty and BankNifty saw buying interest from FII’s aggressively along with usual DII buying. Long...

Sandeep_CA

Nifty opened gap up following Fed decision and kept on adding to the opening gains to close at day’s high. Price Action was clear strong uptrend and buying forming a strong bullish candle. Nifty Futures added a huge open interest with increase in price. BankNifty also opened gap up and saw huge buying till end of session. However BankNifty saw selling at high...

Sandeep_CA

Nifty opened at previous day’s close and started selling off from the opening to take support at 20770 S2 of daily pivot. Second half of season saw buying at lows to close at day’s high. Price action is positive and saw buy on dips forming a pin bar bullish candle. Nifty Futures open interest saw negligible addition with flat price. BankNifty also saw selling...

Sandeep_CA

Nifty opened mild gap up and soon saw profit booking like previous day. Price action after many days was negative and saw selling from new highs. Candle pattern is also negative and shows tiredness at new highs. Nifty Futures OpenInterest was negligible. BankNifty also open in line with Nifty but ended up weaker than Nifty. BankNifty didn’t form new day’s high and...