SMART MONEY TRACKER

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

On April 6th, Nifty began the week with a robust opening at 22,780, marking a 65-point increase from the previous week's close. In the early hours, selling pressure was noted, pushing it down to nearly 22,500. However, strong global signals, such as a drop in oil prices and a rise in Nasdaq futures, allowed buyers to maintain control. By the end of the day, the upward movement resumed and held strong, reaching a daily high of 23,000 before closing slightly lower at 22,968. Th

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

On 20th March Nifty started with good strength after the panic selling on the previous day and opened up by more than 100 points. Good strength was observed during the 1st half of the day and Nifty crossed 23300 at some point inching steadily towards 23350. However, then came the selling pressure and that entire gain of the 1st half was reversed, finally closing where it opened with net 112 points gain for the day. This up move was not supported by the MHAF candle formed. We

Yesterday (19th March) saw a massive panic selling in the global as well as in Indian markets. Nifty 50 gap opened down by a massive ~500 points which made it impossible to close our previous hypothetical long position (taken at 23675) with the stop loss placed at spot 23537. The market opened at around 23200 hence to square off immediately we would have closed the futures trade at 23250, booking a loss of 425 points. At the same time we had to immediately take a bearish posi

On 16th March Nifty daily chart formed an almost bullish engulfing candle indicating buying strength and a follow through bullish candle was seen on 17th March which was the weekly options expiry day. Today on 18th March, the buying pressure continuing with a gap up opening and 150 points up move so far. The price is above the EBR/EBL bands and the MHAF candles at the bottom of the above chart is also showing moderate strength. Although today's one is not a classic bullish ca