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



April 22, 2021

NIFTY intraday charts

5 min:


NIFTY EOD charts

- index trading in a range of 14000-14200
- today despite gapdown opening, nifty managed to close in the positive
- AD was 3:2

- nifty is finding support around lower levels inspite of all the bad news around
- if you see carefully, sideways trading is going for almost 3 months now

- sideways trading is same as timewise consolidation
- normally when this happens, the previous trend resumes

- till then let us wait and watch



BANKNIFTY EOD charts

- index takes support around 30000-30500 levels
- BNF was up 2.2% today

- overall trend is still down 
- swing high/ resistance around 32500



April 20, 2021

BANKNIFTY EOD charts

- this index has been weak for some time
- very good support around 30000
- bullishness possible above 32500



NIFTY EOD charts

- nifty closed 0.4% in negative at 14296
- AD was 5:4

- despite a strong gapup opening, nifty sold off immediately
- of late, most big candles are red ones

- good support around 14200
- above 14500, expect bullishness



April 19, 2021

NIFTY intraday charts

5 min:


NIFTY EOD charts

- markets opened gap down and closed 1.8% in negative at 14360
- despite gap down there was not much selling as buyers stepped in
- trading range was narrow and close was near day's high

- if you were short on Friday, you would have made money
- intraday traders were mostly getting chopped

- AD was 1:4

- note region of 14000-14500 is a strong support zone



April 15, 2021

NIFTY EOD charts

- markets continue to trade in a range
- today nifty is at same place where it was in mid Jan
- net gain in 3 months is negligible
- this could mean a base is developing around 14000-14500 levels

- option writing also points to increasing support around 14000



April 14, 2021

Trading with minimal risk

Read more at https://twitter.com/NeckarValue/status/1381988428124987396

April 12, 2021

BANKNIFTY EOD charts

- trend is still down
- supports 30000-25000

- this index has been weak for some time



NIFTY intraday charts

5 min:


NIFTY EOD charts

- NIFTY opened gap down and closed 3.65% in negative at 14293
- AD was 1:8
- VIX jumped 17% to 16.80

- midcaps/ smallcaps sold off more than 5-6% today

- today was the biggest down bar this year.
- this was a big bar but it took support around 14250
- this level was March swing low from where markets reversed

- swing high/ resistance is now around 15000



April 10, 2021

BANKNIFTY weekly charts

- BNF had resistance around 32500
- this year, it gave a nice breakout and is now consolidating
- now BNF is back to 32500 levels



NIFTY weekly charts

- markets trading sideways for sometime
- this week, nifty formed a doji and closed at 14835
- above 15000, weekly close will be bullish

- support 14000



April 9, 2021

NIFTY EOD charts

- nifty is trading sideways for almost 2 months
- even though nifty is closing here, the daily range is getting smaller
- support around 14500

- close above 15000 can impart bullishness



April 7, 2021

CNXMETALS ... bounce from support and then new highs

- note: CNXAUTO is having similar chart and is near support



CNXAUTO nearing supports

 


NIFTY intraday charts

5 min:


NIFTY EOD charts

- my last update on 31-MAR when nifty closed at 14690
- on 2-MAR, nifty closed at 14920
- since then nifty has been rangebound and
- today's close has been at 14820

- clearly the market has been very much rangebound
- this has the advantage of support developing around 14500-14000
- resistance is around 15500

- past one week, we are seeing only 1 day up 1 day down action
- whatever trades are there are in 3 min or 5 min intraday charts
- of course, individual stocks have their own action but
- most nifty stocks are merely doing timepass except for metals and pharma




Share this...