Well, the RBI held the status quo as I had mentioned in my last issue of the Daily Game Plan! As I had clearly mentioned that Nifty faces significant resistance between 11250-11300 zone. Nifty after making a high of 11256...
It was the day of consolidation ahead of important announcement on the policy rates by the RBI tomorrow at 10. Both Nifty & Nifty Bank closed marginally up. I expect RBI to hold rates at it is seen that despite the...
What a comeback! As mentioned in my last issue of the Daily Game Plan, the markets were looking oversold near important support levels and a short term bounce was expected and they did! Nifty smartly bounced back to close...
As mentioned in my last issue of Daily Game Plan, Nifty finally gave up and declined 1.64% at 10891.6 along with Nifty Bank which declined by 2.62%. The correction was expected and it was just a matter of time. Also, the main...
Friday was the first-week Nifty closed in red after six consecutive up closes. Nifty closed the month by rising 7.5% while the Nifty Bank rose just by 1.26%. There is a glaring divergence between the two indices which is not a...
July is the second month that Nifty has risen by almost 7.5% over last month. Nifty IT was the biggest gainer of the month followed by Nifty Pharma & Auto. Nifty 500 has risen by 6.62%. My strategies have also done very...
It’s one of those Oops moments! After breaking out above 5 day consolidation and downloping trendline, we were expecting Nifty to halt at 11400-11500 zone. But Nifty has given up and closed just a tad above an the lower...
Nifty made a U turn! After clearing the 5 day consolidation above 11240 yesterday, Nifty again came back to the range. Reliance was the top loser ahead of its earnings announcement tomorrow. Pharma stocks saved the day with...
Well, Nifty marches on! One thing I have learned over time about markets is that they don’t give a damn about what you expect it to do. The markets will do what they do and we can only react to what they...
Finally Nifty bank gave up and declined by 3.59% or 813.3 points. RBI Governor’s statements at CII conference, ICICI Bank results impact, HDFC Bank insider selling etc. were triggers among many. Nifty Bank has...
