Gap up Opening –
Like other expiry days, the Nifty index was highly volatile today. The index started the day well with a gain of 30 points. At 9:15, the market started well but it turned slightly worse in the next 30 minutes. While the Nifty index was in the 17580 area at 9:15, it fell to 17460 by 9:45.
After 10:00 AM –
After this Nifty started recovering bit by bit and it reached 17620 by 10:30.
After 10:30 the index shows a little weakness again and it reaches 17550 towards 11:00.
It is understood that such volatility at expiration is usually very relevant. If you can assume the proper trend of such volatility then you can take many trades during these days and make a good profit at the end of the day.
After 11:00 AM –
Not much volatility was seen from 11:00 to 12:00. At that time it was a kind of flat session going on. After that, the market slowly went down 50 points till 12:45 which was understood as the effect of profit booking. Again, the market did not take much time to recover by 50 points. Because within 30 minutes the E index reaches 17580 again.
Last Session –
The next 30 minutes was also a flat session of 20-30 points. These flat sessions look like traders are taking a lunch break. Around 3:00 the market started to move lower again and moved closer to the low of the day which is around 17490.
Closing Bell –
The last index value of the day is 17511 which is 43 points lower than the previous day.
For more details, you can visit NSE office website –
For the last trading day’s report and view you can click here.
TOP 5 STOCKS LIST (GAINERS / LOSERS)
Nifty 1-minute chart –
In this chart, we can see some major volatility and some tradeable chart for intraday traders. Last few sessions Nifty index slid down very much and today also reflects the same story as before.
Nifty 60-minute chart –
Nifty Index on 60 minutes chart time frame it’s showing a good breakout zone which is showing the CCI indicators. In this indicator, we found an H&S pattern (Head and Shoulder) pattern which is looking good. This pattern will be valid when the shoulder 2 line breaks the upper channel.
If yesterday a strong gap opening happen and sustain the level for 1 hour then we can see a strong up-move. Still, we are waiting for the global market opening. Best of luck with Friday’s trading journey. This will be a most remarkable day. Do not take any fresh position if you do not confident about the chart. Relax and enjoy the weekend with zero position.
