EquityCompound2

17th Jun' 2022 (Evening)   --  | Written on 19th May' 2022 at 6.30 PM | Both #Nifty and #BankNifty opened gap down on Friday and then consolidated through the day. After a big trending expiry day, it was expected to be a day of consolidation and an inside candle on Friday. The breakdown seen on Friday had probably now opened the doors to the levels of 14600 i have been mentioning for some time. A detailed analysis now generates a visibility of 14200 on the anvil. This may actually take time and may not be linear, but then market is always capable of throwing surprises. Let us look at the levels first : Markets on Friday consolidated in a close range. #Nifty traded in a range of 217 points and #BankNifty traded in a range of 599 points. #FII on Friday sold a whopping 7818Cr in cash and the #DII tried compensating by buying for 6086Cr. However, this left a gap of 1800Cr on the table. The Indices could still find some ground because of some early buying coming in from the Do...

17th Jun' 2022 (Morning)  --  | Written at 6.30 AM | After the #FED rate hike, following the US Markets, our indices made an initial rise, however they quickly lost steam and started breaking down the previous critical lows. While #BankNifty is still above that level of 32155, #Nifty has broken down and has settled at 15360 for yesterday.  The sentiment was closely following the #USFutures. As they started getting into red, our indices started giving up against it. Somehow, we were extremely resilient so far. We have to now see, does this resilience pull back quickly or we now get into the territory of 14200. I have been mentioning the level of 14600 and the new reasonable support seems to be coming up at 14200. So look at the levels mentioned below : The #USMarkets especially #Nasdaq were weak again and suffered deep cuts again. All three #DowJones #Nasdaq and #S&P are now again at the critical levels given earlier. We were holding up against this till now. I doubt n...