YieldYogi

YieldYogi Updated 

Self explnantory. Look at the rejections. Can't explain right now as it's market hours and i'm busy working but thought I'll share this.

YieldYogi Updated 

Bullish movement continues on tuesday as well for banks. So what now? Even though banknifty had an intraday retracement, but the index help up very well throughout the session. We are expecting Banknifty to expire above 44500 for tomorrow expiry. Aggressive players can aim for an exipry above 44700 but abovre 44500 is a conservative expiry target. Simple...

YieldYogi Updated 

Finnifty and all the other indexes reacted very well on BJP's win in the elections. So what now? We can't even think about bearish positions now. Going forward for tomorrow's expiry, there are 3 scenarios 1- Gap down opening: If there's a gap down opening which is less than 0.7%, then I expect finnifty to recover and expire either at +-0.2%. 2- Gap up...

YieldYogi Updated 

Tomorrow, Sunday evening we will get the results for elections in Rajasthan, Madhya Pradesh, Telangana and Chattisgarh. The market has reacted very positively based on the exit polls. So now what? If the results are same as the exit polls, then we can expect a gap up opening on monday. Also unless nifty mid select doesn't close below 9740 on the 3h I ...

YieldYogi Updated 

Tomorrow, Sunday evening we will get the results for elections in Rajasthan, Madhya Pradesh, Telangana and Chattisgarh. The market has reacted very positively based on the exit polls. So now what? If the results are same as the exit polls, then we can expect a gap up opening on monday. Also unless banknifty doesn't close below 44500 on the 3h I will not...

YieldYogi

Fibonacci retracements in technical analysis of various assets use a mathematical sequence discovered by Italian mathematician Leonardo Fibonacci. This sequence is a series of numbers where each number is the sum of the two preceding ones: 0, 1, 1, 2, 3, 5, 8, 13, 21, and so on. In stock trading, Fibonacci retracements are used to identify potential levels of...

YieldYogi Updated 

BANKNIFTY Closed @ 43880.95 +111.85 pts . Banknifty consolidated during the session, but finally managed to close almost at day’s high. What does this mean? This is a very bullish indicator in the immediate term. Remember folks, no indicator, no fancy pattern nothing will ever come to the level of pure price movement analysis. Price is the backbone of...

YieldYogi Updated 

CNXFINANCE bounced off a immediate strong support @ 19550. Moreover, Daily RSI is making higher lows. Because of these very strong indicators, I'm expecting FINNIFTY (CNXFINANCE) To expire above 19550. Crisp and clear, the way trading should be ;)