Derivatives Trader - System & Quants l Equity Investor - TechnoFunda & Momentum l Investment Adviser (SEBI) @invesys_in | Smallcase @ https://t.co/qfvWE8Pzyo
#Nifty pullback rally flirting with AVWAP & is in shorting zone Watching out for 14840 NF tomorrow Breaking the same can trigger slide to 14400 this week Invalid above 15100
Crude, Copper, Steel Prices up 30-70% in last 6 months # GST collection increasing is obvious ..But is it Volume Growth, Inflation or Gaps getting plugged? Anyways Tax Hungry govt would be very happy 🤪
#Nifty While 13600-13700 looks like consensus on Fintweet, would closely watch 14300-14400 zone for snap-back rally Trendline Support, AVWAP Support, Gapfill zone in 14300-14400 Range On upside, any rally to 14850-14900 meets resistance & would be good shorting opportunity
Right from Mar20 lows, everytime #Nifty has been pushed to lower BB, it has bounced back with vengeance & made new highs Will it do encore next week? Looks unlikely given RSI divergence on Weekly & EW count Over to market next week to reveal it's hand
#Nifty LH-LL on Daily TF Move below 14300 in March would mean #Pawri is over for time being
Part of #Stockmarket Bullrun is due to Volume growth, Part of it due to #Inflation Unfortunately, Poor people neither see growth in assets due to non participation in financial system physical assets, nor able to save much due to soaring inflation during Bullrun
One news from Madam FM coupled with #NSE Glitch hits #Banknifty Shorts / Call writers out of the park ! Mayhem !!
Meanwhile #Nifty is on dope on after #NSE outage
Abhi to #Pawri shuru huyi hai ? ya #Pawri khatm ho gayi hai ? #Nifty #Banknifty
#ITC Based on Logscale Fib Extension, Longterm Target 1 on ITC works out to 680 But let it stabilize above AVWAP first and then clear Resistance hurdle of 268-270 Invalid below 164
#Budget Operating range for Nifty 13600 -14100 😅😅 So far, So good !
#Budget2021 Big Sell-off post budget happened once in 10 Yrs 2018-When Market crashed from ATH made 2-3 days earlier Rest of the time it's been mostly Flat to Positive close in Budget Week I will place risk defined bets for #Nifty to trade between 13600-14100 next week
So where do you stand on this #Nifty correction ? Is it minor Blip or Bigger Dip ? I would wait for next few weeks to see if #Trendline on Weekly is violated or not & If it,s violated, the logical objective would be Lower BB + AVWAP + 50 WMA area betn 11k-12k Let's see !!
#Nifty Doji on 50 DMA & Lower BB Despite weak global cues, Bears could not push prices much lower today, Supply was absorbed If we get positive cues tomorrow morning & open above todays high, we can get 2 day Pre-Budget rally kicking in towards 14250
#Nifty Overshot a little but back below trend-line now If no new ATH in FEB, then we may be in running correction of #Bullrun which on average lasts 98 days with Std Deviation of 60 days
Are you Buying / Going to buy this dip for Lump-sum #Investment purpose? #Nifty #Markets
#Banknifty at Lower BB from where generally pullback happens Fib Extension Target 1 was 30910 which is achieved & also important Price Action support Target 2 is 29720 but leave that for post budget Beware to short at current levels..Maybe it's late..Bounce till 31600 possible
#Nifty Future breaks last weeks Swing Low 14170 is bit of Support & some comeback can be expected from the level Pullback to 14500 would be good shorting opportunity On breaking 14170 & closing below it can lead to 13800
#Banknifty 31650 Broken #STFR Mode On