Major World Indices ended yesterday on positive note. AI related demand surge is giving push to IT companies stocks. Rate cut expectations fall back as prominent central banks push back such apprehensions. Geo-political tensions rise as Pakistan strikes some parts of Iran with missiles. FIIs+DIIs combined Index Futures positions are now 7% more short...
Almost all Major world indices ended in red yesterday and Indian indices like Nifty50, Sensex and Bank Nifty were no exception. A look at Index Future data shows that combined Futures Positions by FIIs+DIIs are over 40% short and over 38% long which means they are net short now for the first time in this month. Just 1 sessions ago they were 10% net long, so...
What is happening worldwide: Consumer spending in USA and China is declining and experts are of the opinion that banks will report lower profits than expected in the coming results season. Car sales and chip demand is declining and valuations of the stocks are sky high. Taking all this into account, the selling pressure on Banks is expected to increase in...
What is in store this week: Nifty50 went on a steep climbing path from 27 Oct 2023 onwards and it has gone way too far away from the consolidation zone and that is why some retracement is expected in coming days. On Daily candle chart, nearby resistance is seen at 21778 while 20194 is a solid support. Combined Futures Index positions of FIIs+DIIs data shows...
3 Jan 2024 : Nifty50 has entered consolidation zone on 15min. chart and currently selling pressure is more than buying pressure. 21579 is the nearest Support and 21819 is nearest resistance. If the price clears any of these landmark points, the further down or up move can be expected. Future Index positions of FIIs+DIIs (combined) indicate they are still...
A quick look at FIIs + DIIs Index Futures Positions, as on 28 Dec 23, tells us that, taken together, they hold 50.56% Long Positions compared to 32.66% Short Positions which indicates bullish sentiment outweighs the negative sentiment. Resistance is seen at 21673 which was yesterday's high while Support is seen at 21580 level. 21560 to 21410 is area of...
Analysis of Nifty Futures indicates that largest number of contracts are pegged at 18000 level. If Nifty is unable to scale or hold this level, then you might witness another selling wave near that level. However, if 18000 level is surpassed, then the sellers sitting at that level will be forced to cover their losses and hence Short Covering will push the market...
Price moves due to imbalance between Demand & Supply. Volume Profile enables you to clearly see that imbalance. With the help of Volume Profile, you get to know the point of balance between Selling & Buying Pressure. When that balance is disturbed, position of many people starts giving them a loss. A point comes when they can no longer tolerate their loss...
Nifty & Bank Nifty has seen significant slide down in last few weeks and looks like Big Money is leaving Indian Market right now. Going by the charts, Nifty seems to be in Dark Red Zone. Last Friday, FII were net sellers to the tune of INR 5785.3 crores which is a significant amount. On hourly charts 17000 level will prove to be a game changer if Nifty breaks...
When we analyze Nifty's chart on Daily Candle, we see it is overbought since last 5 days. Historically, whenever overbought indication got active on Daily Chart of Nifty, the correction started from there on. Also, an analysis of Futures Contracts tells us that we are already at the peak. And number of contracts being sold/bought at this level are not much...
Global markets look weak right now (8:35 Hrs India Time). Nifty has scaled all time high already and if global trend gains momentum and Indian markets starts following it up today, the downside could be brutal. On the upside, the resistance is seen at 17225 level and if it is surpassed, short covering would push the Nifty even higher. On the lower side, 16680...
Global markets are currently stable with no signs of panic or profit booking. Indian market is receiving constant flow of new money which is pushing it to fresh all time highs. In this background, there comes a news that impact of COVID-19 on Indian Economy is not as bad as it was thought earlier. Therefore, there is no resistance as of now to stop Nifty from...
SGX Nifty gives FPIs an advance chance to take positions before Indian market opens up. Contrary to popular belief, it is very much liquid and since SGX sessions last more than Indian market, it is darling of FPIs. On one hour candle, SGX Nifty can be seen drifting towards Support and if this is breached decisively, we might see a bigger move. On the upside,...
BankNifty index Futures (and options) offer you high liquidity. In simple words, liquidity means there is sufficient number of buyers and sellers at any given time and whenever you want to Enter or Exit your position, there will be some Seller or Buyer for you. Such type of liquidity is not seen in some less famous stock futures, where if you are holding a...
The last week was the most turbulent week for the crypto world with market leader Bitcoin plunging by more than 30%. For a moment, it seemed the bubble is busted and investors (or speculators) will lose their shirts now. However, Demand emerged at lower levels and it seems worst is over, as of now. In this context, Ether is showing some promise for the short to...
Bank Nifty is the most popular index in India which offers good volume, good liquidity and significant moves. However, Trading Bank Nifty is not everyone's cup of tea. Most new and even seasoned traders burn their hands regularly when the market does not behave the way it is expected to behave. New traders learn lot of technical jargon, they learn to draw...
Crypto-currencies offer the excitement and unbelievable returns within a short span of time. No wonder, so many youngsters opened Trading Accounts in past few months and were laughing their way at classical traders who kept themselves confined to stocks. What went wrong? Crypto-currency has no intrinsic value unlike the dollar/euro or any other official currency...
Short term lure of doubling your money in few days looks lucrative in this bull-run. As per a Business Today report, almost 4.9 million new demat accounts were opened during financial year 2020 in India. Most of the people out of this young crowd, are newly excited traders, targeting Weekly or Monthly options hoping to strike gold every day which is not...