Nifty Weekly Technical Forecast: It can be noted that, after a rigorous start, the Nifty (निफ्टी) was more in to ranging forthe balance of the week. This is also quite in line withthe expectations that the market in May would range, albeit at a higher level. So far, that is the case.
Sensex / Nifty Future
Sensex / Nifty Future
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Bank Nifty could move to 44,400; India VIX eyed
Bank Nifty Report [15-05-2023]: Five more states in quick succession going into polls late this year, in addition to general elections in 2024 had made Karnataka a battle ground, which markets had also had been following, given how it responded last week, despite US CPI returning weak numbers.
Aggressive Selling of Puts in Nifty and Bank Nifty
Nifty and Bank Nifty Price Forecast: On Friday, prices rose sharply and the futures open interest dropped significantly in Nifty and somewhat in Bank Nifty, indicating a rally driven by short-covering. The put-call ratio on the monthly series increased in both Nifty and Bank Nifty due to aggressive put shorting. This action is expected to continue, providing enough fuel for rally attempts during the truncated week ahead.
Nifty Future Analysis: No Specific Cues Yet, Alertness Needed To Win
Nifty Future Analysis: The week gone by was only slightly different from the earlier one. The market still hasn’t gone anywhere yet. Monday started with the same kind of dullness of the last week, but the market quickly made amends by moving up on the next two sessions. Just as traders were getting ready to play the long side, the bears came right back, slammed the door in the face of the bulls, particularly in the Bank Nifty. FII were buyers earlier in the week, but turned net sellers once again.
What to do if nifty future does not go up?
What if the upmove doesn’t occur? Well, in that case, the lower range (horizontal arrow) should be used as a stop. There aren’t any closer stops. As a bearish signal, this can be meaningful but that is something that I would prefer to deal with in case the occasion comes up. For now, I don’t expect that to happen.
SGX Nifty Indicates A Positive Start [14-Dec-2022]
SGX Nifty Indicates: Stocks in Asia followed equities on Wall Street by rising marginally after US inflation cooled ahead of the Federal Reserve’s policy decision later Wednesday.
Nifty Week Technical Forecast 28 Nov to 02 Dec, 2022
If you recall last week I had mentioned, “…. It is therefore obvious that retail money needs to come back big time for the markets to get into a bullish stride once again.” Another redeeming factor has been the slow but steady recovery in the midcap space that was missing for a while. While we need to really see more momentum kicking in to take these indices higher, the trends seen last week has lent some color to the sentiment. Mid-cap index is closer to the breakout zone and should be checked first for some market action.
Nifty Week Technical Report: Weakness Ahead For Next Week
Nifty Week Technical Report: In the last week’s article, I had alerted readers about the risk that was present (mainly from global factors) for the trends. In fact, an earlier letter was titled ‘The Narrative Is Shifting’ where I had mentioned that the undertone of the market was changing ever so slightly. I followed that up with another alert in the article a couple of weeks ago, ‘Targets Met And More’, where I had mentioned that the Nifty topping time zone as Sept. 13. Of course, these were alerts for those with long positions to be vigilant, and in the last week’s letter I had also mentioned that in the event the market turned a bit soft, long-holders should lighten up on their commitments. On the make-it-or-break-it matter, the market seems to have chosen to, well, not make it so far.
Nifty This Week In Technical Charts: Bigger Trends At Make-Or-Break Stage
Event of the week was the all-time new high reached by the Bank Nifty. A couple of months ago, the Bank Nifty was trailing the Nifty by a goodly margin but has made great strides to pip the Nifty to the tape of hitting new highs. That is a remarkable comeback by the financial sector and here the effort was shared in good measure by private and public sector banks as well as financial stocks.
Nifty Poised For Bull Rally To 18,000-24,000, Say Two Technical Analysis
India’s Nifty 50 index has emerged from lows and is set for a rally that may go beyond 18,000 levels to as high as 24,000, according to technical analysis projections of two brokerages.