Not sure what is cooking. Day low broken, not recovrry but again it's attempting recovery.
Markt is heavily oversold so if 22620 can be broken and sustained, we may see huyge rally from there.
While BN is moving up with much stength, it's concentrated selling on Nifty heavyweights purely for expiry management. Anytime if Nifty comes out of control, it may move big
Good morning!
Regardless of the negativity in US market, Gift Nifty indicates positive opening. Today we may start seeing the movement expecting the exit poll result but at the same time there is MSCI rebalancing too. Overall MSCI included many new stocks but some of the heavyweights are expected to reduce weightage. That makes last one hour interesting. MSCI rebalancing coinciding with exit poll position building
Regardless of the negativity in US market, Gift Nifty indicates positive opening. Today we may start seeing the movement expecting the exit poll result but at the same time there is MSCI rebalancing too. Overall MSCI included many new stocks but some of the heavyweights are expected to reduce weightage. That makes last one hour interesting. MSCI rebalancing coinciding with exit poll position building
Market is still weak but seeig dropping VIX, I'm not comfortable shorting. This combo is contextual not everyday rule
SnowBall
It's just my expectation please do your own analysis for your trades
That was right from the bottom to good ride. No market is at a resistance. I booked out and will look to re-enter the long again later
For now it seems that the exit poll may be market friendly. Looking at the way Adani stocks gaining and the VIX staying below 25. Still not taking the ris as we can get good intraday trades