Sandeep_CA

Sandeep_CA

Price Action : Nifty closed above 22900, making a small green candle trading in a smal band of 130 points whole day. Technicals: Nifty opened below previous day’s close around 22800 levels and sw si=ome buying at opening but faikled to move above 22950, trading whole day in a band of 50-70 points consolidating forming a small Green candle closing below...

Sandeep_CA

Price Action : Nifty closed at 23072, down 1.32% after a sharp 200 points drop in 30 min, hitting an intraday low of 22986. Technicals: Nifty opened below previous day’s close and saw continued selling and saw sudden drop of 200 points in 2nd half and closed at 23072 down 1.32% forming a big Red candle suggesting weakness closing below 10,20,50,200 DEMA. The...

Sandeep_CA

Price Action : Nifty saw selling from the opening to close below 23400 but managed to bounce from 23300 levels. Technicals: Nifty opened below previous day’s close and saw continued selling to find support/buying around 23300 levels and saw slight pull back above 23350 levels forming a Bearish candle closing below 10,20,50,200 DEMA. The momentum indicators, RSI -...

Sandeep_CA

Price Action : Nifty saw selling from the opening to close just above 23600 Technicals: Nifty opened flat and saw selling from opening and found support around 23550 levels and managed to close above 23600 levels forming a Bearish Candle . A small profit booking was seen above 23700 levels but over all looked strong and stable Nifty closed below 50 and 200 DEMA...

Sandeep_CA

Price Action : Nifty consolidated hitting a high of 23800 taoday and closed in slight negative Technicals: Nifty opened above 23800 and traded below it for whole day in a narrow range and closed at lowest point of day forming a small Bearish candle. A small profit booking was see at 23800 levels (from downward trend line from previous highs) but over all...

Sandeep_CA

Price Action : Nifty showed Strenght and closed in green for 2 consicutive days Technicals: Nifty opened in green and built on it. A small profit booking was see at 23300 levels may be due to monthly expiry but over all looked strong and stable but couldn’t close above 20Dema but managed to close above 10Dema. The momentum indicators, RSI - Relative Strength...

Sandeep_CA

Price Action : Nifty saw Selling from opening in line with global cues and continued sell off till day’s close Technicals: Nifty was weak from the start and close at day’s low forming a strong Bearish candle closing convincingly below 10, 20, 50, and 200-day EMAs. saw some profit booking at day’s high of 23270 (10 Dema) closing just at the wedge line. The...

Sandeep_CA

Price Action : Nifty saw buying from 23100 levels at opening and consolidated positively above 23200. Technicals: Nifty was bit strong today closing abiove previous day’s high forming a small bullish follow through candle. Nifty trading below 10, 20, 50, and 200-day EMAs. saw some profit booking at day’s high of 23270 (10 Dema) The momentum indicators, RSI -...

Sandeep_CA

Price Action : Nifty opened flat and 1st half of session traded sideways and tested previous day’s low to find some buying around 23000 levels and bounced to close above 23150. Technicals: Nifty was calm for most of the day and consolidated around 23000 levels and bounced in last part of session to close above 23150 (near term Resistance) around day’s high,...

Sandeep_CA

Price Action : Nift saw a Gap-up opening with positive overnight ques but failed to sustain higher levels and saw huge selling from opening. Today’s session was very volatile which saw a quick bullback from 23150 levels to agin find sellers at 23400 levls. Nifty finally tested below 23000 levels after 6-7 months closing at 6 month low. Technicals: Nifty was...

Sandeep_CA

Price Action : Nifty saw traded whole day in range of 150 points like previous day. Can saw side ways or consolidation. Take away is closed in positive. Technicals: Nifty traded whole day in a narrow band of 150 points with volumes less than average. The index formed a doji ( meaning indecisiveness )trading below the 10, 20, 50, and 200-day EMAs. The momentum...

Sandeep_CA

Price Action : Nifty saw consolidation not breraking previous day’s low. Technicals: Nifty traded whole day in a narrow band with volumes less than average. The index formed a doji, trading below the 10, 20, 50, and 200-day EMAs. The momentum indicators, RSI (Relative Strength Index at 34), and MACD (Moving Average Convergence Divergence) remains below the zero...

Sandeep_CA

Price Action : Nifty saw selloff from the opening znd closed at almost low of the day. A weak day overall forming a bearish candle. Technicals: Nifty 50 has formed a strong bearish candlestick pattern on the daily charts with above-average volumes, while defending the previous low of 23460. The index closed near the Trens line support around 23500 , trading below...

Sandeep_CA

Price Action : Nifty saw selloff from the opening and saw buying at 23500 levels to bounce back and close flat at previous day’s close. As discussed last session Nifty saw some buying around 23500 levels where there were Put writers. Technicals: Nifty 50 has formed a Hammer sort of candlestick pattern on the daily charts with above-average volumes, while...

Sandeep_CA

Price Action : Nifty opened slight gap-up and consolidated whole day around 23700 levels. Overall it was an inside candle day with sideways movement. 23800 was a resistance for the day. Price action was flat positive. Trend: Nifty was sideways Options Data: 23700 saw good Put writing and 23800 saw Call addition suggesting Nifty in a 100-150 point range. PCR...

Sandeep_CA

Price Action : Nifty selling continued from last Friday and saw sharp cut 0f -1.5%. Price action was weak and no much support in terms of buying around 23700 as expected closing at almost lows of day around 23600. Trend: Nifty was in down trend from the opening. Options Data: 23700 and 24000 Puts saw huge unwinding and aCall addition suggesting huge Resistance...

Sandeep_CA

Price Action : Nifty saw huge selling at the opening with huge Resistance at 24200 levels, to find some support around 24000 closing at almost lowest point of the day to close at -0.7% for the day and slightly in positive for the week. Nifty closed above 20daily EMA but below 20 wkly EMA. Price action looks neutral until takes out 24200 decisively or closes below...

Sandeep_CA

Price Action : Nifty saw huge selling at the opening with huge Resistance at 24200 levels, to find some support around 24000 closing at almost lowest point of the day to close at -0.7% for the day and slightly in positive for the week. Nifty closed above 20daily EMA but below 20 wkly EMA. Price action looks neutral until takes out 24200 decisively or closes below...