May 8, 2021

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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



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