May 8, 2021

Video: 15 min breakout strategy

Video: The 1 2 3 Break Play

 

May 7, 2021

NIFTY EOD charts

- nifty closed 0.7% in positive at 14823
- AD was 5:4
- trading range was narrow

- support 14000 resistance 15000

- highest OI seen at 140500 in puts and 16000 in calls
- however good chances of 15000 being defended





OI chart




May 6, 2021

NIFTY intraday charts

5 min:


NIFTY EOD charts

- today nifty closed 0.7% in positive at 14725
- AD was 5:4

- holding 14500 will be bullish with targets 15000-15500



May 5, 2021

BANKNIFTY EOD charts

- overall trend is down
- but net move in past 3 months is insignificant
- this year started with open at 32600 (approx)
- and today close is 32800



NIFTY EOD charts

- nifty closed 0.8% in positive at 14618
- trading range was within prev day high/ low range

- AD 2:1

- rangebound market seen for almost 3 months



May 4, 2021

NIFTY intraday charts

5 min:


NIFTY EOD charts

- nifty closed 1% in negative at 14496
- while yesterday was a bullish bar, nifty failed to sustain above prev day high
- however it not break prev day low
- AD was 4:5

- support 14000 resistance 15000



May 3, 2021

NIFTY intraday charts

5 min:


NIFTY EOD charts

- nifty opened gap down but managed to close flat at 14634
- at one time, nifty was down almost 1.5%
- AD was 3:2

- typically, a gap down opening followed by close near day's high has bullish implications
- but this year, markets are either tired or just consolidating
- reason is mid JAN nifty was near 14500 and today we are still there

- support is developing around 14000
- resistance/ swing high is at 15000



April 28, 2021

NIFTY intraday charts

5 min:


NIFTY EOD charts

- nifty closes 1.4% in positive at 14865
- AD was 2:1

- looks like this sideways/ time wise correction is over
- now resistance around 15000
- swing low support around 14200

- note nifty is already up almost 45 this week



April 27, 2021

NIFTY EOD charts

- today nifty closed 1.2% in positive at 14653
- AD was 5:2

- on line charts, nifty has closed above swing high


- RSI charts indicate stiff resistance around current levels


- kplswing indicator will give a buy on close above 15000



BANKNIFTY closes above recent swing high

 


April 26, 2021

NIFTY intraday charts

5 min:


NIFTY EOD charts

- today nifty closed 1% in positive at 14485
- AD was 2:1

- trading range was extremely narrow

- today's price action was similar to what happened in the green box
- one big red bar followed by 3 green bars (last one smallest)


- we are seeing range compression on RSI charts
- a breakout should happen shortly




April 23, 2021

NIFTY intraday charts

5 min:


NIFTY EOD charts

- nifty closed 0.4% in negative at 14341
- AD was 5:4

- overall structure looks bullish in light of sideways consolidation
- notably no support is broken so far

- option writers expect 14000 to hold this month
- resistance is pegged at 15000



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