Nifty Trader’s Post

Nifty Stance Neutral ➡️ Nifty managed to only gain 14pts ~ 0.06% this week, but we hit a new ATH on all 4 working days. The new ATH is 24854, but before we talk about that - the price action of 18th Jul requires special mention. We fell 84pts ~ 0.34% between open & 09.35, then we went up 162pts ~ 0.66% by 10.11. We then fell again 173pts ~ 0.7% by 11.31 and then rose 332pts ~ 1.36% by 14.51. Down-up-down-up, we had 4 mutually contradicting price movements, these are not normal times & the traders who are facing these headwinds are not ordinary either. It really takes so much courage & inner peace to trade with a level head. The price action that followed today was a one way trip, a decent 346pts ~ 1.39% intraday fall after hitting a new ATH of 24854. The only reason I am going neutral from the bullish stance is because of the intensity of the fall today.  If we notice further weakness, I would not relent to go short as well. Honestly, going short has never worked for me in the past 1 year or so - the puts just eat the dust every single time. A bear run will wake up all those dreamers, thats what I feel. --- BankNifty Stance Neutral ➡️ Last week we published a report stating our neutral stance, and that held up quite well as we stayed range bound this week. Technically we lost 0.23% ~ 119pts to end the week at 52221. NiftyIT was the main reason N50 swung up and down this week, esp on the 18th. BankNifty was not spared either, we had 5 swings that particular day and anyone who ran a non-directional straddle would have faced the heat. Luckily my algos went into some technical error & I got stopped out by 09.52 with a minor loss. We dropped 231pts ~ 0.44% in the first 4 minutes, then rose 502pts ~ 0.96% by 10.11, then fell by 484pts ~ 0.92% by 11.31. Then we had a super rally of 595pts ~ 1.14% till 14.27. From this peak, we fell 226pts ~ 0.43% till close. It makes me believe such intensity of madness usually appears at TOPS. BN was quite decent today, we fell only 0.67% today compared to 1.095 on N50, but we do not have enough clues to go short yet. We would like to begin the next week with a neutral stance and then take it up from there.  The budget is on Jul 23 and the volatility will definitely go up on Monday, I have not decided whether to run the algos on Monday & Tuesday or not.

Latest News Nifty trend in 2024: The NSE benchmark has corrected as and when the difference between the spot Nifty and its 200-DMA expanded beyond the 13%-mark. Here's all you need to know.

#MarketsWithBS | Nifty can crash 1,200 points if this key level is broken. Read Rex Cano and Puneet Wadhwa's report for more details #StockMarketindia #Nifty #StockMarketNews https://mybs.in/2dVnhSn

The Nifty closed above 22,000 for the first time in a month. The last time it did so was back on January 16. On the charts, it has also made higher highs over the last three sessions.

🎉 Nifty scales 25,000 in what is its third-fastest 1,000-point rally on record The Nifty had first hit the mark of 20,000 on September 11, 2023 The index has since added another 5,000 points in 10 months, with 45 out of the 50 constituents delivering positive returns.

🎉 Nifty scales 25,000 in what is its third-fastest 1,000-point rally on record The Nifty had first hit the mark of 20,000 on September 11, 2023 The index has since added another 5,000 points in 10 months, with 45 out of the 50 constituents delivering positive returns.

Market Weekly Outlook "I WAS WRONG" Last week, Nifty hit a high of 23100 on Monday but couldn't hold and dropped continuously till Friday, closing at 22530. I was surprised to see it fall back to 22500 after forming a strong bullish candle on May 23rd. After some thought, I realized the market might be avoiding giving any clear signals before the election results. It stayed in the middle of the range from 21800 to 23100 to keep both buyers and sellers uncertain. Now, many traders who were long have likely closed their positions after last week's move, giving confidence to short sellers. So, what's next? I wouldn’t be surprised to see Nifty gap up by 400-500 points on Monday, possibly reaching 23000 again, and maybe 23500 by the end of the week. Currently, Foreign Institutional Investors (FIIs) are net sellers, but if Nifty opens with a big gap up, they might cover their positions, leading to a short squeeze and boosting the rally further. As I mentioned in my last post, this rally is likely to be driven by large-cap stocks, especially in Banking, Cement, IT, and Pharma sectors. Let's see how the market reacts on Monday. It would be surprising if it stays around the 22500-22700 level. Disclaimer- I am not a SEBI registered advisor. This is just for educational purposes. #NIFTY #STOCKMARKET #FINANCE #ELECTION

📈 𝐍𝐢𝐟𝐭𝐲 𝐈𝐧𝐝𝐢𝐜𝐞𝐬: 𝐆𝐞𝐭 𝐑𝐞𝐚𝐝𝐲 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐇𝐚𝐥𝐟-𝐘𝐞𝐚𝐫𝐥𝐲 𝐑𝐞𝐛𝐚𝐥𝐚𝐧𝐜𝐢𝐧𝐠! 🗓️ Hello investors! 💰 The Nifty Indices are about to undergo their half-yearly rebalancing on the last working day of March. Here's what you need to know: 1️⃣ Rebalancing helps adjust the indices according to market changes, ensuring they represent the current market scenario. 2️⃣ Criteria like market capitalization and liquidity determine if a stock stays or leaves the indices. 3️⃣ As an investor, you should keep an eye on these changes, as they can affect your portfolio composition and stock weightage. Nifty Indices Stocks Half Yearly Rebalancing will take place in the last 45mins of the market tomorrow Stay informed and adapt your strategies to make the most of this rebalancing! ✅ I thank Equivaluesearch and Saumitra Mondal for guidance. #NiftyIndices #HalfYearlyRebalancing #Investing #StockMarket #IndianStockMarket #StayInformed

Daily Nifty 29th May 2024 Wednesday What We discussed Yesterday: Nifty was 22933 For the next few days we may see Nifty taking strong support in the range of 22283 to 22699 with the near term target of 23531. The range of 22300 to 23500 which is 1200 points range could be seen for the next few days. Anyway, buy during falls and avoid buying during rallies. What Happened Yesterday: Nifty is 22888 Nifty yesterday made the lower low lower high and the lower close continuing the lower low trend for the 2nd day, but both of the day's close was above previous day’s low which suggest selling pressure was with limited downside. The Nifty recovered more than 100% by rallying 1290 points during the previous 11 days of recovery after the 7 days of the 974 points fall. For the 48 days Nifty was trading in the range bound mode of 1085 points where we saw the 3 times fall of around 5-8 days damaging around 1000 points & similar recovery all the times. Nifty just came out 3 days back from the long 48 days of range bound mode.  Yesterday was the 2nd cool off day after the Breakout for Nifty. What to expect Today: Nifty is 22888 The temporary fall towards 22832, 22775 or even 22692 could be seen. But as expected Nifty should be taking strong support in   …… ………..……………. the full report https://lnkd.in/dwvi9EBi +ve Indices:  PSUBank,  -ve Indices: Nifty_100_200_500, Smallcap, Commodities, Consumption, CPSE, Div_Opportrunity, Energy, Infra, Metal, Quality_20, PSE, Realty, Service Insider Stories: Big Fish Activities HDFC MF Sold GRSE shares on 23/05/24 in the quantity of 25.3 Lakh shares, which is a big 2.21% stake, Now they hold 3.07% stake. Amansa Investment Sold Cyient shares on 23/05/24 in the quantity of 1.01 Lakh shares, which is a big 0.1% stake, Now they hold 4.25% stake. Nalanda Equity Fund Sold Great Eastern Shipping  shares on 22/05/24 in the quantity of 5.4 Lakh shares, which is a big 0.38% stake, Now they hold 2.98% stake. WestBridge Crossover Fund Sold Aptus Value Housing Finance shares on 21/05/24 in the quantity of 3.55 Cr shares, which is a big 7.11% stake, Now they hold 30% stake. Apis Growth Fund Sold Star Health shares on 23/05/24 in the quantity of 15.28 Lakh shares, which is a big 2.6% stake, They sold their full stake. DISCLOSURE: FOR EDUCATION PURPOSES, DO NOT TREAT AS A RECOMMENDATION Nifty Daily Updates everyday only at:  www.profitfromit.in

Nifty scales 25,000 in what is its third-fastest 1,000-point rally on record The Nifty had first hit the mark of 20,000 on September 11, 2023 The index has since added another 5,000 points in 10 months, with 45 out of the 50 constituents delivering positive returns.