SMART MONEY TRACKER

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

Yesterday (12th March) Nifty opened with a ~240 points gap down. After a while good amount of buying emerged and pushed Nifty up to 24800 level, however, could not sustain there and clearly the bears took over from that point and pushed down to 23550. The weakness persisted for rest of the day and finally closed 227 points lower at 23640. We have no open position at this point and waiting for a bullish signal to go long in the hypothetical portfolio with Futures Only strategy

Yesterday (10th March) Nifty gapped up with a lot of hope from Trump's assurance that the war may be over very soon. Opening at 24280, it slightly inched up to 24303 but could not sustain there. Moderate selling pressure came immediately to bring it down up to 24080 but then support came from the bulls and pushed back Nifty higher near the opening level finally closing at 24262. Despite this up move from the previous closing point (24028), our MHAF candles at the bottom of th

Today Nifty opened with a gap down of whopping 580 points clearly confirming the fresh panic emerged due to the sudden surge in crude oil price (from $90 to $115) and reported shortages of stocks globally. The market remained under pressure during most of the day but upon receiving some good news from the media about a quicker than expected resolution of the ongoing war. In the later half, getting good support from the bulls, Nifty inched up by 380 points from the day's low a