Nifty MidCap Select Index discussion
BANKNIFTY When you pull up the 1-week chart on most stocks, you’ll see a sharp, vertical climb that kicked off around mid-June 2023.But here’s the thing—there wasn’t anything like it from 2020 to mid-June 2023. That tells me retail investors flooded in around mid-2023, throwing cash into the market. It lines up with the surge in Demat accounts from last year report.
What’s got my attention is that even during brief bearish spells, the market couldn’t push to break its 1-week support. That’s a red flag.
If that support breaks, these new investors might start a serious sell-off. Or the flip side, we could see a wild rally, but let’s be real—given current unemployment rates and the state of bank deposits, how much more can retail investors really throw at this?
We’ll see soon enough. One day it is going to happen Just Keep an eye on those 3-day and 1-week support lines—they’re where the real story unfolds.
lostworld71
NIFTY NNIFTY_MID_SELECT CNXFINANCE 
SENSEX
NIFTY NNIFTY_MID_SELECT BANKNIFTY Budget: Prioritizing the Common People or the Wealthy?This budget represents a critical juncture for the government. Allocating 60% of the budgetary resources to benefit 80% of the population could be key to maintaining political stability. However, anticipate a significant market downturn, potentially erasing at least half of the recent gains.
This approach does not imply distributing Freebies , but rather directing resources toward the general populace, labor force, and micro, small, and medium enterprises (MSMEs), rather than large corporations or industrial magnates. While a 30% TDS imposition is unlikely, a restructuring of the tax framework for traders could be on the horizon.
NIFTY BANKNIFTY NNIFTY_MID_SELECT SENSEX Hey folks, do you know of any genuine platforms for trading options in commodities, forex, and cryptocurrency? If so, share the details and your experience with them. I'm looking for serious trading platforms, not gamified ones like color trading.
