EquityCompound2

27th Dec' 2021 (Evening)  --  | Written at 11.20 PM  | Markets today opened deep in red and then dipped further. At one point Nifty was 170 point in red and Bank Nifty was 600 point in red. The indices though made a fantastic recovery from there and closed well in green. Interesting part is, while the stocks in themselves traded in low volumes, the volume on indices was heavier than normal. Seems in the absence of big players, some mice were trying to play on the indices.  While I did mention yesterday, that the weekly chart indicates some bottoming at the current levels, the conviction was not that strong. Somehow, the heart and mind is again not in sync to believe the momentum build today. Lets see... Nifty Support First support at 17025 Second support at 16850 Resistance First resistance at 17150 Second resistance at 17350 The resistance level above the first resistance has quite a gap. A sustained trading above 17150 may trigger a strong short covering till 17350...

24th Dec' 2021 (Evening)  --  | Written on 26th Dec' 2021 at 11.30 PM  | Page 1/2 Markets opened to flattish sentiments globally. Probably because moat of the Global markets were closed due to Christmas. Most of the European markets and US were closed on Friday. Asian markets were flat (and mixed) on Friday. Volumes on the markets were thin on Friday, except for the IT stocks, which are the only pack looking strong as of now (barring a few outliers in some other segments). Nifty  Nifty opened 70 points in green, but then got sold off to make a low of 16909, picked support and recovered around 90 points near close. It made a bearish candle with a small lower shadow on the daily chart. Support First support at 16910 Second support at 16820 Resistance First resistance at 17075 Second resistance at 17150 As of now, Nifty seems all over the place and a clear trend has not evolved. Post the recent swing low of 16410, it hasn't shown any clear trend. I personally see that u...

17th Dec' 2021 (Evening)  -- | Written on 19th Dec' 2021 at 11.00 PM | Indian Markets on Fri opened mixed with Nifty in green and Bank Nifty mildly in red. However, the sentiment was weak and the indices continuously got sold and closed at the lower levels of the day.  The Global Cues on Friday were mixed, however, the sentiment was extremely weak. Usual FII selling added pessimism and the markets inspite of just 500Cr of institutional selling lost close to 250 points on Nifty and 930 points on Bank Nifty. On a weekly chart Nifty continued to make a higher high and a higher low for the third consecutive week, though this was not the case with Bank Nifty and Bank Nifty made a lower low in this week.  Both the Indices are now trading close to their recent swing lows and this is a vital moment for the indices. It could either bounce back from here with a very attractive risk reward or it could also break down from here and a breach of the recent swing lows of 16780 on Nifty ...

14th Dec' 2021 (Evening)  --  | Written at 9.00 PM  | Markets opened gap down to weak Global cues today and though there was some effort by the bulls to support and push it up, the indices could not build on it and stayed kind of rangebound through the day. Nifty  Nifty opened gap down and stayed rangebound to make a bullish candle with a reasonable upper and lower shadow, and closed in red. Support  First Support at 17250 Second support at 17150 Resistance  First resistance at 17375 Second resistance at 17450 After the sell off yesterday, Nifty today fell in the lower band, it has to now close above 17340 to make some move again. A fall below 17250 could lead the index down towards 17050 levels. Bank Nifty Bank Nifty also opened gap down and made an attempt to cover some ground. It did turn green for some time, however, the over all movement was rangebound and it made a bullish candle with a reasonable upper and lower shadow. Support First support at 36750...

13th Dec' 2021 (Evening)  --  | Written at 9.00 pm  | Indian indices opened gap up today and then held on for some time. Bank Nifty was stronger for a little more time, but then eventually both got sold off to close in red and at the lowest level for the day. Nifty  Nifty made a strong bearish candle for the day. In spite of opening gap up, it could not hold the levels and made a 300 point dip to close almost 140 point in red. Nifty's range for the day was again high.  A sharp rejection at 17600 indicates a strong resistance at that level. Also, a breach of 17475 has put Nifty back into the 17340 - 17475 zone.  Support First support at 17340 Second support at 17275 Resistance First resistance at 17475 Second resistance at 17575 Bank Nifty Bank Nifty was relatively stronger today. After opening gap up, It held on for a good time, eventually giving away to sell off, though the dive was not as steep as Nifty. Bank Nifty was rejected from 37500 levels and got s...