Prof Kaushik Akiwatkar Profile picture
Passionate Educator and Knowledge Advocate | Sharing insights on Trading & Financial Markets | Former Dean & Professor

Jul 14, 2022, 12 tweets

Pre-Market Capsule | 14th July

In the thread ⬇️
1. #Nifty Range for the day
2. Nifty Breadth
3. #Banknifty range for the day
4. Banknifty Breadth
5. #Sector Breadth
6. #Derivative Analytics
7. Summary

#Nifty on charts

1. Trading below TMA
2. TMAs are turning negative
3. When TMAs are in the process of becoming negative = #markets generally go sideways
4. Expect sideways to #bearish action

Nifty Breadth = Overbought
74%

#Banknifty on charts

1. Formed a bearish pattern at an important zone
2. Trading below TMA which is bearish

#Banknifty Breadth = Overbought
83%

#Breadth

#Sector Breadth and Analysis

#FII Derivative Action

Summary of Pre-market | 14th July

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