Nifty Stance Bearish 🐻
I sent out the bearish signal on Tuesday, 23rd September, after the EMA crossed, and since then, we have fallen 457 points. There were four support levels: 25003, 24931, 24880, and 24740 that could not stop the fall, and honestly, I did not think we would fall so much in just 3 days.
The fifth support of 24613 came into play, and Nifty did not have enough to take that out as well, because if it did, the next level would come at 24425.
NaMo announced the GST revisions, i.e. GST 2.0 proposal on 15th Aug 2025 and it went live on 22nd September. The closing on 14th August was near the 24613 levels, and the opening on 18th Aug was near the 24880 levels. This means that Nifty is now between the 14th and 18th levels, and any gains we made after that announcement are now erased.
Whats next? Nifty may have to find some stability before we fall below the levels 24613, 24425, 24335, and 24192, because if we dont, then the pace of fall will accelerate as many of the top Nifty companies are near their 2021/22 price levels and are bleeding.
Trump has no mercy and until he gets the trade deal done, we should expect the volatility to continue. Speaking of volatility, there isnt that much "perceived volatility" in the market as India VIX trades at 11.42 levels, which could also be due to the falling options premiums, open interest and a general lack of interest by the stakeholders to incentivize the trades.
I sent out the bearish signal on Tuesday, 23rd September, after the EMA crossed, and since then, we have fallen 457 points. There were four support levels: 25003, 24931, 24880, and 24740 that could not stop the fall, and honestly, I did not think we would fall so much in just 3 days.
The fifth support of 24613 came into play, and Nifty did not have enough to take that out as well, because if it did, the next level would come at 24425.
NaMo announced the GST revisions, i.e. GST 2.0 proposal on 15th Aug 2025 and it went live on 22nd September. The closing on 14th August was near the 24613 levels, and the opening on 18th Aug was near the 24880 levels. This means that Nifty is now between the 14th and 18th levels, and any gains we made after that announcement are now erased.
Whats next? Nifty may have to find some stability before we fall below the levels 24613, 24425, 24335, and 24192, because if we dont, then the pace of fall will accelerate as many of the top Nifty companies are near their 2021/22 price levels and are bleeding.
Trump has no mercy and until he gets the trade deal done, we should expect the volatility to continue. Speaking of volatility, there isnt that much "perceived volatility" in the market as India VIX trades at 11.42 levels, which could also be due to the falling options premiums, open interest and a general lack of interest by the stakeholders to incentivize the trades.
@viswaram
การนำเสนอที่เกี่ยวข้อง
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน
@viswaram
การนำเสนอที่เกี่ยวข้อง
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน