Nifty Daily continues to be in positive sentiment for the last 5 trading sessions. However the weekly sentiment holds negative for the last three weeks and likely to continue for yet another week. On contrary Banknifty sentiment turns positive on Daily and weekly charts after the friday’s price action. Bank Nifty is expected to outperform Nifty in the upcoming trading sessions.
Nifty Daily Sentiment
Nifty Weekly sentiment
India VIX fallen below 9% on thurday trading session indicates markets are not ready to fall for time being. Global Markets are responding positively to the negative news like terrorist attacks (Paris attack, Mali Hotel attack). Tempo in the market is faster on the upper side. Possibly the current expiry is likely to be settle between 7700-8050.
India VIX down more 9% https://t.co/gtXU3xzU1u pic.twitter.com/MFw1rzOiVK
— Marketcalls (@marketcalls_) November 19, 2015
This expiry week we have only three trading sessions as markets will be on holiday on wednesday due to Gurunanak Jayanthi. Sector wise CNX IT weekly sentiment continues to be in negative
Bank Nifty Daily Sentiment
Key upcoming Economic Events
– Parliament’s Winter Session, which begins on November 26, with the hope of seeing the Goods and Services Tax (GST) Bill passed
– RBI Fifth Bi-monthly Policy Statement for the year 2015-16 on December 1
Bank Nifty Weekly Sentiment
Related Readings and Observations
Nifty and Bank Nifty Weekly Sentiment Analysis As a trader worst thing one can do is anticipating trend all the time. When a trader anticipates a trend but rather market does a sideways action if often frustrates a trader and often […]- Nifty and Bank Nifty Trend and Sentiment Analysis – December Outlook Nifty and Bank Nifty weekly sentiment maintains positive despite weakness in the market. Last week DII continued their relentless buying mode despite weakness in the market and with the […]
- More Volatility Ahead in September Future Series Last week nifty futures opened gap down at 8010.1 and crashed -5.9% last monday. The next day nifty made a panic intraday bottom at 7665 followed by a sharp recovery to test 8125 during […]
- Nifty and Bank Nifty Futures Monthly Charts are Overheated Market is playing the dead volatility game. If you are a classical technical analyst you would have noted that the monthly charts would have shown overheated levels. So thought of bring […]
- Nifty and Bank Nifty October Futures Positional Trend Update Nifty Futures turned to Positional Buy mode right from Muhurat trading session onward and currently the support zone comes around 7894 and Bank Nifty maintains the positional buy mode […]
- Nifty and Bank Nifty Futures Positional Trend Update Nifty Futures continues its positions sell mode right from 24th September onwards and currently the resistance zone comes around 7997 .Reverse your position to positional buy mode if the […]
Leave a Reply