14th July and 15th July' 2020

Nothing wrutten due to Poor connectivity. 

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8th Jan' 2021 (Evening)

 8th Jan' 2021 (Evening) Nifty and BankNifty both opened gap up on Friday. After a bit of decline, Nifty picked up momentum and closed strong, BankNifty on the other side continued sliding. BankNifty has been showing weakness lately, Every time it opens higher, it slides and closes  lower.  Weakness in Bank Nifty is driven because all heavy weights HDFCBank, ICICI and Kotak are at critical levels. Underperformance of HDFC Bank has been key for Bank Nifty. I feel HDFC Bank is now close to giving a breakout and will support the journey of BankNifty. Though we need to wait for the breakout. On the other hand Reliance has to pick up support now. Both Reliance and Banking stocks if move, with IT and auto already moving, Nifty seems to have opened a move towards 14600. Nifty has support at 14200 and Banknifty at 32000 levels now. Nifty range for trading is now 14200 to 14600 and BankNifty has a range of 32000 to 33000. HDFC Bank may see a breakout above 1450 levels (I tweeted 1...
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17th February' 2023 (Evening)

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17th February' 2023  (Evening)  --  | Written at 7.00 PM on 19th February' 2023  | Markets on Friday were generally weak and most of the indices were weak. This week being the last week of this trading month and also loaded with multiple important events globally led to some caution amongst global investing community. In the Indian markets, Nifty was strong on weekly chart and weak on the daily chart. On the daily chart it made a strong bearish candle, though staying above an important level. This was back to back the second day of losses on Nifty. Nifty Supports :- First supp - 17880 / Second supp - 17725 / Strong supp - 17350 Nifty Resistance :- First Res - 18050 / Second Res - 18150 / Strong Res - 18200 Bank Nifty on the other hand was weak and made a bearish engulfing candle on the weekly chart. On the daily chart it broke down on an important level and now shows the following levels.. BankNifty Supports :- First supp - 40875 / Second supp - 40600 / Strong supp -...
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11th Nov' 2021 (Evening)

11th Nov' 2021 (Evening)  --  | Written at 11.00 PM | 1. FII were net sellers for 1637 Cr today, while DII were buyers for 445 Cr. A net selling of 1192 Cr from the institutional side. 2. FII's created 6735 longs and created 4473 shorts on the index futures 3. On the option front FII  sold 100845 calls and   sold 67311 puts. They also bought 106262 calls and  bought 70869 Puts. 4. For next week expiry, Nifty has the highest OI for PE at 17500 followed by 17400 and highest OI for CE is at 18000 followed by 18100. Highest Put writing was seen at 17800 and highest call writing was seen at 18000 levels. 5. For the next week expiry, Bank Nifty has the highest OI for PE at 38500 followed by 37500 and highest OI for CE is at 39000 followed by 38500. Highest Put writing was seen at 38500 and highest call writing was seen at 38500 levels.  6. Asian markets closed mostly in red and Europe closed in green 7. US markets trading mixed as of now, with Dow in red and...
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