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Nifty Trading Ideas

Infosys post fantastic earnings, Supreme Court tells Govt to look at Moratorium Interest! #Nifty

There was a correction towards the 11800 mark and last one-hour Nifty picked up steam and gained over 120 points from the lows of the day to close above 11950 mark. This means Nifty is all set to break 12000 and it just needs a trigger and there are few triggers available which we will […]

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Nifty Trading Ideas

Nifty in all probability will loose it’s steam, Economic outlook predicts -10.3% GDP for FY2020 & 8.8% GDP for FY2021! #Nifty

Yesterday we had a fall and recovery and yesterday we were looking as if 12000 would be attempted one more time. Nothing much has changed except that the range that I talked about got shifted 50 points upwards. If you have shorted the Nifty in the morning, you would have made tour money. The close […]

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Nifty Trading Ideas

Nifty hits 12,000 levels and cooled down, economic data shows good IIP and a worrying Inflation! #Nifty

Missed posting an update yesterday and 12,000 which I was talking for some time was hit intraday and from there the selling started. Looking at the market one wonders if 12,000 was waiting to happen and subsequently there will be a correction. All the ingredients for the correction are appearing one by one and they […]

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Nifty Trading Ideas

TCS, outstanding earnings to push Nifty Higher. Trump in news as he opens talks for stimulus package! #Nifty

The big discussion for today is undoubtedly TCS. One statement by TCS management “We are at the cusp of a multi-year technology transformation cycle” says many things. TCS came up with fantastic Q2 numbers where it was a beat on every possible estimate. Consolidated revenue was up 7.2% on dollar terms and there is a […]

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Nifty Trading Ideas

Trump postpones Fiscal Stimulus, RBI meets for Bi-monthly policy. Nifty breaks out of 11,650 range!

We had a rally yesterday contrary to the expectations and Nifty now is at a 7 month high. We are reaching the levels of March which is the Pre-COVID times. What we need to see is how long will the rally go on. We closed above 11650 yesterday taking out all resistances. Now the way […]

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Nifty Trading Ideas

Trump tests COVID +ve pulls markets down, macros improve to push Nifty. #Nifty

The big news over the long weekend was Donald Trump testing positive for Covid-19. This news came around 10.30 am on Friday and if we were trading, we would have experienced a lot of volatility. But things seem to have settled down over the weekend where Trump is tweeting that he is feeling very well, […]

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Nifty Trading Ideas

Nifty back above 11,250. SC postpones Interest rate decision, Trump vs Biden – 1st Round today! #Nifty

Another positive day yesterday has taken the Nifty past 11200 mark. So in the last 2 trading sessions of October, Nifty gained more than 400 points and the easy way of making money has come to an end. From here on the upward movement of Nifty will be challenged by a series of resistances starting […]

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Nifty Trading Ideas

Markets turn bullish on Friday. Cases reach 6 million in India, SC to decide on interest case today! #Nifty

The first Monday of the eventful 5 weeks October series starts today and this is a 4 day week with Friday being a trading holiday. We have seen a big rebound on Friday and as expected the first day of the series didn’t disappoint as Nifty effortlessly crossed the 11000 mark to close at 11050 […]

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Nifty Trading Ideas

5 series went for Bears, Last 6 sessions went for bears. Where are Bulls? #Nifty

After some good expiries in last 3-4 months, yesterday we saw a treacherous expiry day where Nifty lost more than 300 points and in the process took out that very strong support of 11000 and then went on to test the 200dma of 10761 before recovering a bit to close just above 10800 mark. A […]