A retrace on the daily chart appears possible on the cards, but eventually price may attempt to reach the marked levels on the chart. My view is based on Fibonacci levels. Let's see.
The bulls were able to reclaim higher levels today. largely thanks to Reliance. VIX is back around 17 levels. Where do you think the market's headed? Is this the higher low we thought was coming?
The bears seemed to be in control today as well. The HDFC twins are back to "jaise the" levels as they are now around the pre-merger announcement prices. Reliance is nearing a support and Infy has neared a decider area, too. What's your view?
Yesterday, we witnessed a euphoric rise in the indices owing to the news of HDFC twins' merger. Today, we saw price testing lower levels, with Nifty giving up 18k and Banknifty almost giving up 38k. VIX is higher, and Reliance is weaker. What's your view?
Bulls were able to take charge once again, with Nifty holding fairly well around 17.5k. I feel it's an important sign for the overall trend. Reliance did quite well. My view on the market as a whole still remains the same as I feel it's still a little early to comment on whether this positivity can and will sustain. Curious to hear your thoughts as well.
Even though the market is still very clearly sideways, it appears as if the bulls are charging up. Of course, there's always a chance that this view fails spectacularly overnight, but I feel there's a chance we might be looking at more of a bullish bias than last week. What's your view?
The markets still seem to be in limbo. Almost feels like a car that's doing a burn out—the power's there, the action is there, but the car just isn't going anywhere. My view on the market overall still remains the same, but I do feel that Monday might be a decider for some important stocks like HDFC and Infosys. What's your view?
Bank Nifty Under Pressure, Nifty Stays Afloat. I feel the trend is similar to what we discussed in the previous videos, so hard to comment on that. Interestingly, today the indices defied global cues and faced choppiness despite VIX falling below 24.
Indices failed to hold higher levels & ended in red. I feel this is not a very big cause for concern as long as the week's lows are held. In fact, if they are held then we could be seeing early signs of a reversal in the short term trend. What's your view?
The market seemed to have trapped bears today as it gap-upped nearly around yesterday's open. Nifty almost touched 17k, Banknifty nears 36k, and VIX dropped 10%. What's your view on the market?
The market saw rejection from higher levels today, but banks managed to perform a little better. The short-term structure seems reasonable, but the volatility still continues. Today was a tricky day for intraday bulls, especially if we do not consider the final hour or so.
It seemed as if the top stocks took a breather today and moved rangebound, but Nifty seems to have accepted 16,500 level and Banknifty seems to have accepted the 34,000 level so far. What's your view?
Indices opened strong, but faced headwinds at higher levels. What could be going on? I feel this is normal and that the indices need some time to stabilize. What's your view?
The stock is following wave ABC pattern. As long as recent low holds we can see a sharp up move. Let it pull back and do retracement then it will be a confirm reversal for 550.
SBI Weekly: PSUBank is a crowded sector now. It is always better to enter much before others do to maximise profits and exit when there is sign of lingering. Stay cautious around 550 level as -Ve divergence is forming.
It gives resistance at 544 and bearish engulfing also formed so we have to short there and it goes upto 500 level
Budget over rally over? We saw Nifty closing almost exactly at the budget day's closing price, possibly owing to a resumption of FII selling. Where do you think we could be headed? Do you foresee a deeper correction? IT especially looking a little weak.