Nifty - Reflection of India's Sanity - Ready for New Highs
Feb 12 to 16 - Another wonderful and Powerful week for the Indian Market where our market deceived the Global markets and Stood Strong and Tall while Global Markets were Bleeding.
It was very evident that Nifty and its cousins (Smallcap, Midcap, Energy, Auto, Pharma....) are super strong and are heading for newer highs
Here is the Technical View for the Week of 19th Feb:
Given the upcoming Elections, the Ruling Party can't afford to lose their image with a crash in the market. Over the past 3 Quarters, the Indian Retail community have grown so strong that FII selling is no longer a major issue. Despite continuous Daily Net Selling by FIIs since Aug 2023, Indian Market marched forward like a Battalion of Determined Soldiers to make newer Highs.
We are slowly becoming Immune to FIIs selling, but FII buying will actually be complimentary to our market to take us to new highs. This the sign of Indian Becoming Truly Atmanirbhar....
Disclaimer:
Stocks-n-Trends is NOT registered with SEBI. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions.
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
It was very evident that Nifty and its cousins (Smallcap, Midcap, Energy, Auto, Pharma....) are super strong and are heading for newer highs
Here is the Technical View for the Week of 19th Feb:
- Gift Nifty: Started the week with a Gap Up & Green Candle. The Last of the last Resistance before making new highs is 22,205. once broken Gift Nifty will Trade above the Earth's Atmosphere :)
- Nifty 50: Nifty following a similar structure is all set to break out of its last resistance at 22,125 to head towards uncharted Territory
Given the upcoming Elections, the Ruling Party can't afford to lose their image with a crash in the market. Over the past 3 Quarters, the Indian Retail community have grown so strong that FII selling is no longer a major issue. Despite continuous Daily Net Selling by FIIs since Aug 2023, Indian Market marched forward like a Battalion of Determined Soldiers to make newer Highs.
We are slowly becoming Immune to FIIs selling, but FII buying will actually be complimentary to our market to take us to new highs. This the sign of Indian Becoming Truly Atmanirbhar....
Disclaimer:
Stocks-n-Trends is NOT registered with SEBI. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions.
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
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