Sandeep_CA

Sandeep_CA

Nifty opened at previous day’s close and tried all day to make new highs. Price action was strong and positive again made a new higher high today. Candle stick pattern was also bullish. Nifty Futures Open Interest saw addition with increase in price showing buying interest at every dip. BankNifty also opened flat at previous day’s close following positive to flat...

Sandeep_CA

Nifty had a fantastic week rallied almost 3.5% almost 700 points to touch 21000 levels. Best performance in recent past. Price Action on weekly charts shows good buying and Bullish candle with strong up move. I guess post Deepavali and Election results rally will continue till next year building on strength. Next level is 21500 which might come by end on Dec...

Sandeep_CA

Nifty got sold off at the opening to find support around previous day’s low. Later part of the day was spent side ways showing strength not to sell off even after such a stellar rally from past 3 days to close almost flat. Price Action was buy on dips forming a hanging man kind of candle. If tomorrow moves above today’s high then can see more up run to continue....

Sandeep_CA

Nifty Opened gap-up again but for a change didn’t build on the open high, it consolidated to test previous day’s close and later in the day saw buying from that level to end almost at the opening close. Price action was strong buying from lows farming a trending bullish candle. Nifty Futures saw good addition with mild increase in price suggesting Long...

Sandeep_CA

It was a Blockbuster day in markets today. Nifty opened Gap-up again and kept on moving high with strength. Price action was strong and positive making high high and closing above all time highs. Bullish Marubozu candle formed showing strong buying. Nifty Futures saw a health addition of Open Interest with increase in price. Today’s rally was one of the biggest in...

Sandeep_CA

Nifty move more than 450 points almost 2.5% in the positive direction for the week forming bullish Marubozu candle. November month saw a sizeable movement in upside closing at all time highs. Price action was strong and clear breakout with good uptrend. Looks ;ike it will hit the Top of the channel if strength continues. BankNifty also followed Nifty moving...

Sandeep_CA

Nifty opened Gap Up again and made a higher high and saw profit booking to find support at 20000 levels later saw buying in post noon session to close almost near day’s high. Price action was strong and positive forming a bullish candle. Will have further momentum towards new high if today’s high is taken out. BankNifty was weak today it under performed in post...

Sandeep_CA

Nifty opened gap and kept on building on the gap. Saw steady buying with a trending bullish price action forming a bullish Marubozu candle pattern. Nifty Futures saw huge addition of Open Interest with more than 1% increase in price. Looks strong above 20000 levels to take out all time high in next 1-2 sessions. BankNifty also opened gap up to make steady highs...

Sandeep_CA

Nifty opened gap up and retested previous day’s close and bounced in post noon session. Price Action was a clear breakout above 19855 levels forming a bullish candle above 5DEMA. BankNifty also followed in similar lines and gave a breakout and retested previous day’s high in post noon session to close at high of the day. Price action is strong bullish with a...

Sandeep_CA

Nifty made a positive close for the week, however couldn’t close above previous week’s high but manage to close above previous week’s close. Price action was positive and trending high forming bullish candle closing above 5&21 weekly MA. BankNifty also close in positive territory saw buying at lower levels. Price action is positive and seems reversal from week’s...

Sandeep_CA

Nifty opened around Previous day’s high and found selling till 19875 levels and couldn’t sustained buying and sold oft previous day’s close levels to end around that. Price action was sideways with no clear direction. Nifty Futures Open Interest was positive and price was flat. No much take away for the expiry day. Bank Nifty started flat and closed around the...

Sandeep_CA

Nifty opened around previous day’s close and saw sell off in starting session of the day to take support around Monday’s close thus filling yesterday’s gap. Nifty saw buying around 19700 levels and saw a sharp short covering in post noon session and closed almost at day’s high. Price action was positive as Nifty closed above previous day’s close and almost at...

Sandeep_CA

Nifty opened gap up and sustained above opening levels and made a new day high in noon session followed by closing around opening levels. Price action was strong as Nifty sustained gap and closed above 5 and 21 DEMA again. Only concern is the candle pattern. Open Interest saw addition with rise in price indicating Long addition. BankNifty also opened gap up and...

Sandeep_CA

Nifty opened around Previous day’s close to sell off towards Previous day’s low after failing to break day’s high and was side ways in 2nd half of trade. Price action was weak and sideways closed above 5 & 21 DEMA forming a Doji (with not so small body) kind of candle pattern with slight decrease in Open Interest. Support seen at 19600 levels. BankNifty continued...

Sandeep_CA

Nifty opened at Previous day's High and sold off at the opening to be in a range for most of session not able to take out opening high. 2nd half of session saw selloff to close below previous day's low. Price action was negative and intraday candle pattern is kind of bearish engulfing. BankNifty opened at Previous day's Close and saw steady buying to make higher...

Sandeep_CA

Nifty opened slightly gap up, couldn't find buyers at higher levels sold out towards 20DMA levels and post Europe open made day's high and sold off to close around opening levels. Nifty was bit volatile and indecisive formed a Doji candle pattern today. Closing above 20DMA for past 3 sessions is positive. BankNifty opened below Previous day's High and was weak...

Sandeep_CA

Nifty: Opened slightly gap up and tested Previous Day High PDH. If traded above opening high and mid channel can test channel high SL PDH If sustained below opening low can test Pivot and bounce to form a new high Buy at lows or above opening high BankNifty: Opened slightly gap up and tested PDH, bounce above day's opening high then can test channel high SL...