SMART MONEY TRACKER

On Monday 13th April, the positive sentiment of a probable longer term ceasefire evaporated with a sudden announcement of complete blockage of Hormuz Strait by the American president. This announcement over the weekend dampened the risk taking mood globally hence the shock wave was observed in every market. Nifty opened gap down by 460 points at 23590 but quickly started recovering from there. Throughout the day it kept on moving higher along with some fresh positive cues com

Today Nifty showed strong bullish reversal from the dampened sentiment of Thursday. After opening up by 105 points it maintained the momentum and right now continues to be ahead by 285 points from it's previous close. Everything is looking bullish on the MHAF chart with a strong green candle formation with lower shadow. However, we have been waiting for our profit booking level. As per the strategy we were supposed to book profit and close all positions when 80% of the max pr

On 8th April, because of a ceasefire announced between Iran and America, and with an assurance of opening The Strait of Hormuz, the global appetite for risk returned everywhere. Nifty 50 opened with a gap up of 730 points with a doubt in everyone's mind if this strong move could sustain or not. To our surprise, Nifty remained strong at that level for consistent period and thereafter showed even more strength as the day progressed. At closing, Nifty was slightly below the day'

On 7th April, Nifty started it's day with a negative sentiment, opened 130 points lower and kept on moving down up to 22720 dampening the cheerful mood of the previous trading session. However, towards the later part of the day bullish sentiment resumed and a sharp up move took Nifty towards 23150 making a huge intra-day swing of 430 points before closing at 23124 resulting into a gain of 155 points for the day. The MHAF chart supported this bullish move by forming a strong g

Yesterday 6th April Nifty started the week with a strong opening at 22780 which was 65 points higher than the previous week's close. During the initial hours there was selling pressure observed which brought it down up to near 22500, however, with strong global cues with oil down and Nasdaq futures up, buyers continued to dominate. Towards the end, the upmove resumed and sustained very well which took Nifty to a daily high of 23000 before closing slightly lower at 22968. The

Today, 30th March, Indian markets witnessed another bloodbath day at the very beginning of the week. Nifty opened gap down by 270 points at 22550 indicating decisive panic due to the escalating war situation, gave some hope for the bulls by rising up to 22715 but failed to sustain. The drift to the downside started and was relentless after that bringing Nifty to 22285 level at some point before closing for the day at 22332. The MHAF chart supported this down move by forming a

Today on 27th March, Nifty 50 dropped sharply due to the global risk off sentiment prevailing because the clarity on the war progress is totally missing. Yesterday was a holiday for Indian markets. Before that, we had opened on a Long Futures position on the 25th at 23070. Our stop loss was placed at 22976 (spot), however, today at market open, based on the renewed calculation, we needed to move the SL slightly higher at 23023, equivalent to 23035 in futures. At the time of t

Today, 25th March, we are witnessing continuation of the bullish sentiment in the Indian markets. Nifty 50 opened gap up by 147 points at 23064 and we knew that it was going to surpass our short position's stop loss (SL) level at 23016. We had no option but planned to square off that position at the opening itself with a bigger than expected loss. We could square off the position at 23070 (Nifty futures premium is almost Nil) making a net realized profit 180 points or Rs 46,8

On 24th March, Nifty displayed a surprised bounce by opening higher by 365 points at 22878. This became possible due an announcement by the US president to pause the war for 5 days in order to initiate peace talks. Markets globally took this in a very positive way, stocks rallied and oil price came down sharply. Despite this, Nifty was volatile during the day and at some point went down to 22625 and also touched a high of 23057 before closing by 400 points higher for the day

Today, 23rd March, at the time of this writing, Nifty has just crashed being 2.7% down for the day. After opening at 290 points lower, the slide continued upon receiving fresh bad news from the war front. Nifty found some intraday support at 23470 and now trading around 23630 after a sharp bounce from that lower level. The MHAF chart which formed an inside bar type shape yesterday showing lack of strength in the up move, is now forming a massively strong down candle with long