Tag: indian stock market
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Market Strength Signals: Nifty and BankNifty Poised for New Highs: May 17th, 2024
Market Strength Signals: Nifty and BankNifty Poised for New Highs: May 17th, 2024 Market Overview Yesterday, Nifty performed as anticipated, delivering a 400-point movement, and BankNifty respected its upper trading zone of 48000. In a volatile session, BankNifty closed at 47977 and futures at 48092. This positive closure above the 20-day moving average is a…
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Bulls or Bears: Who Will Win Today? : 16th May 2024
Bulls or Bears: Who Will Win Today? : May 16th, 2024 Market Overview Today is Thursday, marking the expiry day for Nifty. Yesterday, we saw a range-bound trading session between 22200 and 22300, resulting in a flat day for Nifty. As anticipated, BankNifty provided the predicted trading range of 400 to 500 points, first moving…
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Navigating Market Volatility: Key Insights for Nifty and Bank Nifty on Expiry Day : 15th May 2024
Unlocking Market Potential: Nifty and BankNifty Strategies for a Volatile Expiry Day: May 15th, 2024 Market Overview Today is Wednesday, which means it’s BankNifty expiry day. Yesterday, we witnessed a decent rally of 100 points in the market. As I had suggested, the 10:15 AM fifteen-minute candle closed above 22150, giving us a rally up…
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Unveiling the Drama of Market Dynamics: May 14th, 2024
Unveiling the Drama of Market Dynamics: May 14th, 2024 Market Overview Today marks the expiry of FinNifty, adding an extra layer of excitement to the trading floor. Yesterday, we witnessed a thrilling short covering rally that propelled us from the depths of despair, pausing just as we entered the Call Writers Zone, as foretold in…
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Navigating Market Trends: Insights for May 13th, 2024
Navigating Market Trends: Insights for May 13th, 2024 Market Overview: Last week, the markets saw a recovery from lows and successfully defended the 50 DMA (Daily Moving Average). Globally, markets are exhibiting a sideways trend, awaiting a trigger to determine their direction. Similarly, the Indian market is indicating a sideways movement until June 4th, when…
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Navigating Market Trends: Insights for May 10th, 2024
Navigating Market Trends: Insights for May 10th, 2024 Nifty Outlook: Yesterday, the Nifty May futures closed at 22075, exactly as predicted in my previous journal entry. Today, early indicators suggest a gap up of 70 to 75 points. Despite positive movements in US markets and Asia, including a slight rise due to expectations of a…
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Exploring Market Dynamics: Insights for Today’s Trading Session on 9th may 2024
As I start writing my first trade journal entry, I’m ready to dive into today’s market happenings, especially focusing on Nifty and Bank Nifty. Nifty Outlook: Today, it seems like the market might not change much at the beginning. I predict that Nifty might go down a bit in the first few hours. I think…