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

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

 

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

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

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

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

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

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

SBI NIFTY ETF now has a AUM of a phenomenal 100,000 crores

Some very interesting info... SBI NIFTY ETF has an AUM of a stupendous 100,000 crores. In comparison, HDFC, ICICI and Kotak Nifty ETF funds have a total AUM under 3000 crores. So how did SBI NiFTY ETF get so much money? The answer is Employees Provident Fund Organisation (EPFO) which is investing almost 2500 crores per month.

More info at https://www.sbimf.com/en-us/other-schemes/sbi-etf-nifty-50

Note: this post was updated on 15 APR 2021.

Trading with minimal risk

In 1987, six college friends made $30 million with their new trading firm.

Today they're billionaires, having proven themselves on the trading floor, in poker rooms, on race tracks, even in startups.

"In the choice of fame and fortune, they chose fortune."

— Frederik 'Neckar' (@NeckarValue) April 13, 2021

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

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

The Stoic Investor

 

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

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

Price Action: Using momentum loss to gauge reversals

 

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