For a change we picked the Sensex today more for the analogy than a deviation. Hit 66000 that is 2/3 of Journey towards 1 Lakh. Post the climb of ATH it is near 7 times we posted new ATH. The % up move from the previous ATH now is 4.1%, this higher than if one were to monitor Nifty. On the occasion of Chandrayan, Sensex is trying its best to try to the skywards. It is interesting to see how the arrival of Gift Nifty and Nifty accommodate. Expiry driven moves clearly pushed the price action more so in the second half. Post the trading hours, GIFTNIFTY has more or less recovered. No way one can compare in terms of the volumes. Or it is one more gap open and then the decent. Simple observation post the break of 58000 in Sensex is the price action respected the Mid Bollinger band. Any deviation and excess towards the UBB is met with correction price or the time. One can see that as the emerging pattern now. Similar is found in NIFTY. 19300-19500 dictates. Probability of 19300 break increased with yesterday's sharp fall. With results season these moves are tentative and thus volatile. Always, focus is on the individual spaces. These range from rise despite bad results, fall despite good results. For the Nifty 19280-19530 range is preferred one
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TA Primer ping me on +971507107155 +918106170817 details @sribhashyam65 twitter handle
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.