In a volatile day marked by a rally in banking stocks Nifty 50 closed at 10,295 up by 87 points and Bank Nifty closed at 25035 up by 813 points.
Share & discuss and your views about the markets for tomorrow.
3 Likes
FII & DII Data
Foreign institutional investors (FIIs) bought shares worth Rs 3,582.5 crore, while domestic institutional investors sold shares worth Rs 155.71 crore on Wednesday, as per provisional data available on the NSE.
Look at this data.
1 Like
30% raise in a day should rank among the best in the world return ever. (It shows the inefficient way market is run by regulators.)
Still If market marches ahead without even thinking about a retracement for a week, it will probably be a world record.
2 Likes
Tomorrow is Expiry Day.
For sure we will witness roller coaster rides.
Technically nifty is bearish for tommorow like it made hanging man on daily chart but in Oct it had surpassed all the technical trends . I agree its a rolarcoaste ride tomorrow. We might see 100 points variation.
.
But I believe if open gap up will go down to 270 levels and if gap down opening may go up to 315 to 320 levels…
.
.
Hope it moves in my direction…
Idfc profits down 40%YOY (https://m.economictimes.com/markets/stocks/earnings/idfc-bank-reports-40-yoy-fall-in-q2-net-profit/articleshow/61220567.cms)
I am sorry to say that it seems as if technical analysis is flawed.
Note to myself: Don’t try to predict markets. And never take bear positions in an overall bull run.