February 23, 2021
NIFTY EOD charts
- trend is up on daily charts
- however long positions have been stopped out
- today markets closed flat at 14708
- AD was 3:2
February 22, 2021
NIFTY EOD charts
- today nifty closed 2% in negative at 14675
- AD was 1:3
- with today's fall, trailing SL at 10 bar low got triggered
- 5 bar low SL got triggered on Friday
- VIX jumped 14% now at 25
February 20, 2021
February 19, 2021
NIFTY EOD charts
- trend is up on daily charts
- today nifty closed 1% in negative at 14981
- AD was 2:3
- trailing SL at 5 bar low would have been triggered today
- trailing SL at 10 bar low is 14900
February 15, 2021
NIFTY EOD charts
- trend is up on daily charts
- today nifty closed 1% in positive at 15315
- but AD was 4:5
- support 15000 - 14500
February 13, 2021
February 12, 2021
NIFTY EOD charts
- trend is up on daily charts
- today nifty closed flat at 15163
- AD was 4:5
- nifty has been trading rangebound for almost a week
- breakout from range is likely
- support 15000-14500-13500
February 11, 2021
NIFTY EOD charts
- trend is up on daily charts
- today nifty closed 0.4% in positive at 15173
- AD was 3:2
- support 14500-13500
February 9, 2021
NIFTY EOD charts
- trend is up on daily charts
- today nifty closed flat at 15109
- AD was 2:3
- support 14500-13500
Top 10 Nifty 50 Companies by Weightage (2008-2021) by @shivammitra4
Top 10 Nifty 50 Companies by Weightage (2008-2021)
— shivam mitra (@shivammitra4) February 8, 2021
This required some programming to scrap the data from NSE website. Do not forget like and retweet.
Do comment what other timeline videos related to stocks I should try to make.@dmuthuk @Vivek_Investor pic.twitter.com/QKksNT42NQ
February 8, 2021
BANKNIFTY EOD chart
- trend is up
- breakout level was 32500
- this level should provide support
- swing low 30000
NIFTY EOD charts
- trend is up on daily charts
- today nifty closed 1.3% in positive at 15115
- AD was 3:2
- trailing SL around 14500
February 6, 2021
NIFTY weekly charts
- trend is up
- this week, thanks to budget, we had a nice big bullish bar
- going forward, swing low at 13600 will be an important support
February 5, 2021
NIFTY EOD charts
- trend is up on daily charts
- today nifty closed flat at 14924
- AD was 7:11
- swing low 13600
- trailing SL 14500
February 4, 2021
NIFTY EOD charts
- trend is up on daily charts
- just few days ago, I had indicated the trend as down
- and then markets have a whipsaw
- note there was no whipsaw from 11500 to 14000
- a false signal or whipsaw is common in trending markets
- that is why stoplosses are important
- many traders do not like whipsaws
- they want indicators which are 80% or 90% reliable
- this happens only in dreams
- in real life, expect half the trades to fail
- as always reversals will appear first in lower degree timeframe charts
- so we had a buy signals in hourly, 30 min charts (posted separately)
- today markets closed 0.8% in positive at 14896
- AD was 2:1
- resistance 15000 (round number)
- markets already trading comfortably above 50000 (sensex)
What can spoil the party? The US Dollar Index
- above 92, a short move to 92 where resistance is expected
- above 92, a move to 94 which can cause a correction
February 1, 2021
NIFTY EOD charts
- trend is down on daily charts
- but today was budget day and it seems it was better than expected
- nifty closed 4.7% in positive at 14281
- AD was 7:3
- recent swing high 14753... close above this, new buy signal will be generated
- recent swing low around 13500 - important level going forward
- today Upstox crashed after 11.30am... could not trade at all or even see positions, funds
- high time Upstox rename themselves as Downstox
- even now at 5 pm, it is not working
- better still, SEBI should impose a one month on new customer signups
- until they get their act together
- similar punishment was imposed on HDFCBANK recently
Budget reactions today by @rajivmehta19
1. #BJP - Pathbreaking, pro-farmer & will help the last person in the society
2. #Congress - Anti-poor & will increase inflation
3. #AAP - For the benefit of Adani & Ambani
4. CPI & CPM - Will serve American interest & will result in mass unemployment
5. JDU - Nothing special, wasted opportunity.
6. RJD, TMC, BSP, SP etc - Poor & downtrodden will suffer more.
7. Shiv Sena - Anti- Maharashtra & Failure of BJP & PM.
8. CII, Assocham, FICCI - Will kick-start economy & encourage private investment.
9. NDTV, India today, Network 18, Aaj Tak, ABP, etc - Nobody seems to be happy, likely to create problems for Govt
10. Times Now, Zee, India TV - Great budget will help BJP in elections
11. Uday Kotak, Deepak Parekh, Vallabh Bhansali, Kamath -It is a balanced budget
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