Sandeep_CA

Sandeep_CA Nov 28, 2023

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 Nov 25, 2023

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 Nov 23, 2023

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 Nov 22, 2023

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 Nov 21, 2023

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 Nov 20, 2023

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 Nov 9, 2023

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 Nov 8, 2023

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 Nov 8, 2023

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...