June 14, 2021

NIFTY 50 weights over the years

 


Source: https://alphaideas.in

NIFTY intraday charts

5 min:
- today nifty opened gap down and lost almost 200 points in 30 minutes
- recovery from 15600 levels was fast 
- close was finally near prev day high ie. 15840 F

- AD was 4:5


June 11, 2021

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June 10, 2021

NIFTY EOD charts

- nifty today closed 0.7% in positive at 15738
- AD was excellent at 3:1
- gains were substantial in nifty midcap and small cap indices

- overall structure is still bullish

- support around 15500
- resistance 16000



June 9, 2021

NIFTY intraday charts

5 min:


NIFTY EOD charts

- today nifty closed 0.70% in negative at 15635
- AD was 4:5

- note range compression in past few days
- volatility expansion happened today

- too early to know if this is a trend reversal

- immediate support at 15000-15300 range

- the sudden drop today is visible in intraday charts



May 31, 2021

NIFTY intraday charts

5 min:


NIFTY EOD charts

- nifty closes at all time high at 15583
- this is being done after more than 3 months
- last ATH was made on 16-FEB and since then markets have been in a range

- trend remains firmly up with no divergences as yet
- support 15000



May 28, 2021

NIFTY EOD charts

- nifty achieves highest ever close at 15436
- AD was negative at 2:3

- VIX dropped 13% to 17

- note series of extremely small bars in this rally
- this limits intraday opportunities while positional traders profit

- RELIANCE was up 6%... 
- this heavyweight contributed 150+ points to nifty by itself



May 25, 2021

NIFTY EOD chart

- nifty closed flat at 15208
- AD was 5:4

- overall trend is up as long as markets hold above 15000
- swing low support around 14500



May 24, 2021

BANKNIFTY EOD chart

- trend is up
- support 31900
- resistance 35000

- ATH 37500



NIFTY EOD charts

- today nifty closed flat at 15198
- AD was 3:2

- so far index is holding very well above 15000
- as long as this does not break on closing basis, more upsides are possible

- only concern is the rising wedge
- right now I am not taking this seriously as SL of 15000 is very close



NIFTY PE ratio chart

- the nifty PE ratio hit a high of 42 in FEB this year
- it was 40 around last week of MAR

- it suddenly declined to 34 on 1st April and is falling since then
- it is currently around 30

- how this sudden (almost overnight drop)?



May 21, 2021

NIFTY intraday charts

5 min:


NIFTY EOD charts

- nifty closed 1.8% in positive at 15175
- AD was 3:2

- this close is impressive coming after a red bar the prev day
- a gap up next week will be strongly bullish

- ignoring the rising wedge right now


- kplswing indicator gives a buy (again)
- SL below 14880 on closing basis



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