BANKNIFTY TRADE POSITION 31 JULY 2025

 DAY 31 JULY -Trump Tariff hits India

10.20 

🔻 Market Overview:

• Trend: Strong downtrend continues after a failed bounce.

• Bias: Firmly bearish.

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🕒 30-Minute Chart:

• Price Action: Sharp bearish candle confirms renewed selling.

• Moving Averages: EMA 9 & MA 20 sloping down; price well below both.

• Volume: High selling volume; sellers in control.

• RSI (14): Deeply oversold (21.21), showing persistent bearish strength.

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🕔 5-Minute Chart:

• Price Action: Failed bounce above 55,800; new intraday lows.

• MAs & VWAP: Price sharply below EMA 9, MA 20, and VWAP (55,753.27).

• Volume: Heavy sell volume; "Down Vol" dominant.

• MACD: Deep in negative territory; strong bearish histogram.

• RSI (14): Oversold (~20-25); strong downside pressure.

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📈 Trade Plan:

• Bias: Strongly bearish.

• If Not Already Short:

  • Wait for a weak pullback or bear flag for better entry.

  • More aggressive traders can short on continuation if next candle is strongly bearish.

• Stop-Loss: Above recent swing highs (e.g., 55,800–55,900 or prior 5-min candle high).

• Target: Lower support zones; trend is in "sell mode".

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❌ Avoid:

• Long/buy trades — the momentum is clearly against it.

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Conclusion:
Sell weak rallies or short on continuation. Strong downtrend with heavy sell volume. Wait for minor pullbacks to enter with tighter stops.

10.55 

Market Summary – Nifty Bank (as of 10:55 am)

Trend Overview:

• 30-minute chart: Still in a downtrend, but a strong bullish candle has emerged with increased volume.

• 5-minute chart: Shows a clear breakout from earlier consolidation, suggesting a short-term bullish shift.

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Key Observations:

30-Minute Chart:

• Bullish Candle: Large green candle consuming previous red bar.

• EMAs: Price still below EMA 9 and MA 20, but pushing closer.

• Volume: Significantly higher than previous candles—buyers showing conviction.

• RSI: Rising from oversold, now at 29.06—bearish pressure easing.

5-Minute Chart:

• Breakout: Strong breakout from consolidation (was a bear flag).

• Above VWAP & EMA 9: Price now above VWAP (55,713) and EMA 9, nearing MA 20.

• Volume: Strong green volume bars confirm buyer interest.

• MACD: Bullish crossover forming.

• RSI: Moving toward 50—short-term momentum clearly bullish.

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Trading Implication:

For Existing Shorts:

• Tighten stop-loss or exit — bear flag is failing, and volume confirms upside.

For New Trades:

• Wait and Watch:

  • If price holds above 55,750-55,800 with volume, look for long entries on pullback—target 55,900–56,000.

  • If rally fails and drops below VWAP (55,713), consider fresh shorts—but only if strong bearish signals return.

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Conclusion:

A strong counter-trend rally is underway on the 5-min chart. The bearish momentum is no longer dominant in the short term. Patience is key—watch for continuation or failure before entering new positions.

11.20 

Overall Trend

• 30-minute chart: Still in a broader downtrend, but momentum shifting bullish with strong recovery from morning lows.

• 5-minute chart: Clear short-term bullish breakout with rising momentum—suggesting potential deeper retracement or trading range day.

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📊 30-Minute Chart Insights

• Price Action: Strong bullish candle engulfing the previous bearish one.

• Moving Averages: Price has crossed above EMA 9, approaching MA 20—a sign of short-term trend reversal.

• Volume: Elevated, indicating strong buyer conviction.

• RSI (14): Rebounding from oversold; now at 36.32, confirming momentum shift.

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⏱️ 5-Minute Chart Insights

• Price Action: Sustained breakout with price well above VWAP, EMA 9, and MA 20.

• Moving Averages: Bullish crossover (EMA 9 > MA 20), both trending up.

• Volume: Strong green volume bars confirm genuine buying.

• MACD: Bullish crossover with histogram turning positive.

• RSI (14): Strongly bullish, well above 50.

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📌 Actionable Trade Plan

🔄 If You’re Short:

• Neutralize short bias: Either exit or tighten stop-loss near 55,750–55,800.

• Market strength makes new short entries high-risk for now.

📈 If Looking to Go Long:

• Wait for shallow pullbacks to EMA 9 / MA 20 on the 5-min chart.

• If strength sustains, consider scalping long with targets around:

  • 55,812 (day high)

  • 55,900–56,000 (next resistance zones)

• Stop-loss: Below pullback low or EMA 9.

⚖️ If Market Stalls:

• Watch for potential range-bound behavior (buy near support, sell near resistance).

• Only short if a clear reversal pattern appears with weakening volume.

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🧠 Conclusion

The morning downtrend has been decisively interrupted by a strong bullish move. The short-term trend is now bullish.
Avoid shorting into this strength. Prefer buying shallow pullbacks or wait for range confirmation.

12.07 

 30-Minute Chart Key Points

• Price Action: Current candle SMALL RED after a large and bullish, challenging prior resistance — a sign of strong buying resurgence.

• Moving Averages (EMA 9, MA 20): Price is well above EMA 9 (which is sharply rising); approaching MA 20, confirming bullish momentum.

• Volume: High volume (12.03M) confirms strong buyer conviction.

• RSI (14): Recovered to 45.23, showing buying pressure has replaced selling.

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⏱️ 5-Minute Chart Key Points

• Trend: Strong, steady uptrend; healthy pullback near 11:30-11:45 found support at EMA 9, then resumed upward move.

• Moving Averages (EMA 9, MA 20): Both trending up; price consistently above them. Bullish crossover present.

• VWAP: Price is well above VWAP (55,779.29) — strong bullish control.

• Volume: Rally volumes are strong; pullback volumes are lighter, confirming a healthy trend.

• MACD: Lines are well above zero with a positive histogram — sustained momentum.

• RSI (14): Firmly above 50 — confirms bullish strength. Dipped slightly during pullback but rebounded quickly.

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📌 Action Plan / Trade Strategy

1. Bias: Intraday bullish — do not short into strength.

2. Preferred Strategy:

   • Buy the Dip near EMA 9 or MA 20 on the 5-minute chart.

   • Ensure pullbacks are on low volume and show bullish reversal signs (e.g., hammer, engulfing pattern).

3. Entry: On confirmation of support after a dip.

4. Stop-Loss: Below the pullback low or EMA 9/MA 20.

5. Target Levels:

   • Previous day’s high.

   • Psychological level at 56,000.

   • Further resistance at 56,100–56,200.

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🧭 Final Outlook

The market is showing a reversal day setup with strong intraday bullish momentum.
Plan: Buy conservative pullbacks; do not fight the trend.

01 AUGUST

Current Situation (Friday, August 1, 2025, 14:13:00):

The charts show the Bank Nifty has experienced a significant amount of intraday volatility after the strong morning sell-off. The price is currently at 55,749.40.

5-Minute Chart Analysis (Intraday Focus):

1. Price Action: The Bank Nifty sold off sharply in the morning session, reaching a low around 55,800. Since then, it has entered a wide sideways range. There was an attempt at a strong bounce around 13:30, but it was quickly rejected, and the price is now pulling back towards the lower end of the range. The price is showing a series of lower highs, indicating continued bearish pressure even within the range.

2. VWAP (55,863.01): The price is trading below the VWAP, which continues to be a bearish sign for the intraday session.

3. EMA & MA Crossover (55,850.00 & 55,991.33): The 9-period EMA (55,850.00) is well below the 18-period EMA (55,991.33), and both are trending downwards, confirming the bearish bias.

4. MACD (-3.62, -13.80, -17.42): The MACD line (blue) is in negative territory and below its signal line (orange), confirming the bearish momentum.

5. RSI (36.64, 33.11): The RSI is in bearish territory, trading below 50. It's trending downwards again after the failed rally, indicating a lack of buying interest.

6. Volume: Volume has been relatively high on both the sell-offs and the attempted rallies, indicating a battle between buyers and sellers. However, the selling volume on the recent pullback seems to be more pronounced.

30-Minute Chart Analysis (Overall Context):

1. Price Action: The 30-minute chart shows a clear continuation of the strong downtrend. The price has pushed below the lows from the previous day, making new swing lows. The current candle is a red body, confirming the continued selling pressure.

2. Moving Averages: The price is significantly below the 30-minute 9-period EMA (56,039.93), which is trending downwards and acting as strong overhead resistance.

3. RSI (45.29, 44.80): The 30-minute RSI is turning downwards again and is in bearish territory, confirming the continued weakness of the larger trend.

Summarized Action / Trade to Take Next:

The market is showing a strong bearish bias on both timeframes, and the intraday chart confirms that the recent bullish attempt was a failure.

Primary Trade Action: Continue to hold or initiate Short Positions.

Specific Trade Strategy:

1. Bias: Strongly Bearish (Short).

2. Entry: The failure of the recent rally on the 5-minute chart provides an excellent short entry signal. The price is currently trading at the lower end of its intraday range. This is a high-probability shorting opportunity.

3. Confirmation: The rejection of the rally, the MACD remaining bearish, the price trading below VWAP and EMAs, and the confirmation from the 30-minute downtrend all provide strong confirmation.

4. Target: The immediate target is the intraday low around 55,770. If that is broken, the next psychological support level would be 55,700 and then 55,600. The 30-minute chart suggests significant downside potential.

5. Stop Loss:

   • Place a stop-loss just above the recent swing high on the 5-minute chart (around 55,900) or just above the 5-minute VWAP (around 55,863).

   • A more aggressive stop could be placed just above the last significant red candle's high.

6. Risk Management: Do not attempt to catch a falling knife by going long. This is a strong downtrend. Stay with the trend until there are clear signs of a reversal. A reversal would require a series of higher highs and higher lows on the 5-minute chart, a bullish MACD crossover, and a break above key resistance levels like the VWAP. These signals are not present.

In summary: The bears are in firm control. The path of least resistance is down. Look to sell into any weak rallies or continue to hold short positions, managing your risk with appropriate stop losses. Do not attempt to buy against this strong momentum.

The Great Indian Stock Market and Its Vicissitudes

 

The sudden drop and quick recovery of stock prices that we can see indeed resemble the historical practice of wash trading of 19th century or early 20th century. However, it is important to differentiate between market manipulations and other legitimate market dynamics. Here are some key factors to consider in Indian context. 

The Indian stock market is a dynamic and ever-evolving entity, showcasing both growth opportunities and the complexities that come with its characteristic fluctuations. Like any major market, it rides waves of optimism and corrections, responding to global events, policy changes, investor sentiment, and corporate performance. For those engaged in the market—from day traders focusing on pivot points to investors eyeing long-term growth prospects—it demands not just financial investment but a strategic approach and adaptability to its shifts.

Nifty 50 Index:

This index displays a series of pullbacks, with prices retreating from recent highs and oscillating around key support levels. The price action underscores the cautious sentiment prevailing in the market, as investors continuously reassess positions in response to both domestic and global economic events. The repeated testing of lower levels around the 23,900 mark signifies the resilience of the support zone while hinting at potential consolidations or reversals as market conditions evolve.

Nifty Bank Index:
The Nifty Bank Index exhibits even more pronounced fluctuations, with a sharp drop, reflecting heightened volatility compared to the Nifty 50. The index faces strong downward pressure, with prices struggling to hold above the critical 51,000 level. Oversold signals suggest the potential for a near-term recovery or at least a consolidation, with volume indicating active market participation and investor sentiment shifts.

These indices exemplify the broader vicissitudes of the Indian stock market. They highlight the need for traders and investors to adapt continuously, using tools and strategies to respond to market shifts. For companies pursuing IPOs or funding rounds, such market behavior emphasizes the importance of strategic timing and financial planning, particularly in volatile conditions.

In summary, the movements in the Nifty 50 and Nifty Bank indices embody the challenges and opportunities inherent in the Indian stock market, demanding a strategic approach to capitalize on its cycles and navigate its uncertainties.

Power of Intercession of Mother Mary - across the world

 Power of Intercession of Mother Mary - across the world

1. On the eve of the Battle of Borodino in 1812, Russian generals and soldiers sought solace and divine intervention by praying before the Smolensk Icon of the Virgin Mary. As a result, despite France boasting the most formidable army in Europe during the 1800s, Russia managed to resist the French invasion successfully. The turning point occurred when an unusually early Russian winter descended within a month, leading to the destruction of the entire French army. Napoleon, an avowed Atheist who even went so far as to arrest the Pope, experienced a crushing defeat in 1815. He was exiled to a small rocky island in the middle of Atlantic, far away from Europe and held in captivity as Prisoner of Europe. Before his eventual death in St. Helena, Napoleon embraced the Catholic faith once more.

 2. In 1571 and 1683, the Ottoman Empire attempted to conquer Vienna, where the Christian army found itself outnumbered and outgunned. On both occasions, the tide of battle shifted through the prayerful intervention of Mother Mary, saving Vienna from the Ottoman forces. Subsequently, the Ottomans never launched another attack on Europe. To delve deeper into this historical connection, you can explore the details provided in this link: https://schooloffaith.com/rosary-archive/the-holy-name-of-mary

The enduring faith of many Europeans, particularly in Eastern Europe, continues to play a significant role today. It is noteworthy that regions with a strong faith tradition tend to preserve their cultural heritage. Conversely, there is a perceptible decline in traditions and culture in places with diminishing faith, such as England, where Middle Eastern culture appears to be gradually displacing traditional values.

 3. When Tipu Sultan launched an attack on Travancore, the Christian women of the region gathered at the Manarcadu church, praying fervently for the defeat of Tipu and his formidable army. The rape, atrocities and horror stories perpetrated by Tipu's religiously motivated forces had already reached Travancore, instigating deep concern. This historical event is widely known among Kerala Christians, highlighting the origin of the unique tradition of an 8-day fasting period in the region. In a surprising turn of events, Tipu Sultan faced a sudden and devastating setback as his army was lost in an instant flood of the Periyar River. Tipu failed to invade Travancore & met his end with British. 

 4. There are couple of more wars against powerful Ottomans , won through luck by European nations. And the luck turned out to be the intervention of Mother Mary. Those who are interested may research on this further.

These are just a few examples where the intervention of Mother Mary changed the course of the world. Millions still seek the intervention of their daily problems and miracles are reported across the world. Mother Mary shrines are across all the continents. 

 No wonder, National Geographic, well known scientific magazine carried an article on Mother Mary and the millions of miracles attributed to the intervention of Mother Mary.  Thousands of Shrines across the world is devoted to Mother Mary , who was lucky to carry the Savior of Mankind in her womb. So, she is venerated across in all continents!  That’s why in December of 2015, National Geographic featured an amazing title. “Mary, The Most Powerful Woman in the World”.  It’s not often that the secular world bestows such a high title on the humble Mother of God as Catholics and Orthodox love so deeply. What is it about Mary that makes her so powerful?

 see the link https://ngsingleissues.nationalgeographic.com/ngm_december_2015

https://catholic-link.org/national-geographic-names-mary-most-powerful-woman/#:~:text=%E2%80%9CIn%20her%20messages%2C%20her%20call,What%20is%20this%3F

 The essence of this article is to underscore that the intervention of Mother Mary should not be dismissed as mere coincidence; rather, it has been credited with performing miracles. How the miracle happens? Is it faith healing? While prayer may be interpreted as a conduit for invoking quantum forces & energies, it's crucial to acknowledge that alongside prayer, human effort played a significant role in the outcomes observed. The message is clear: when seeking Mother Mary's intervention, it is imperative to complement prayers with sincere human endeavours. Only then Mother Mary can intercede on your behalf and seek blessings from her son, Jesus for their endeavours and efforts.  So, Human efforts and Prayers shall be in the ratio of 50:50.

 The idea of a 50:50 ratio between human efforts and prayers is not a strict rule but rather a conceptual way to emphasize the importance of both aspects. It suggests a balanced approach where individuals are encouraged to put in sincere and diligent efforts (the human aspect) while also seeking divine intervention through prayer (the spiritual aspect). The specific ratio may vary based on personal beliefs and interpretations.

 In essence, the message is to combine earnest human endeavor with spiritual faith, understanding that both contribute to the overall journey toward a goal. The emphasis is on a holistic approach that integrates both the practical and spiritual dimensions of one's efforts.

 God Bless all readers of this small Article 😊

FINESSE - THE LEADER IN CYBERSECURITY

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Our 'Finesse Cyberhub 24/7 CSOC' powered by our adept team is recently bestowed with the esteemed title of "Best Cybersecurity System Integrator," an honor presented by H.E Dr. Mohamed Al Kuwaiti, Head of the UAE Cybersecurity Council. 🏅🔐

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Market Musings for the week starting 12 Dec 2022

 

1. On Dec 9, 2022, Dow fell by 305 points
2. US Inflation Data and India's Inflation Data will be announced next week starting 12 Dec, which will decide the market moves.
3. 2023 recession in US is widely talked about and almost certain. However, since this is not a big surprise, the markets may not crash; however, could decline, depending upon the intensity of the recession.
4. Indian economy is expected to be resilient in 2023- but not immune to the recession in the USA & Europe.  If the recession is mild in USA & Europe, good for Indian economy. If the recession is steep, bad for Indian Economy, especially IT and hence, not so good for Indian stock market.
5. It is worth to note that during February 2018, when Inflation data was not favourable in the USA, Dow fell by 5%.
6. Year-end/ Santa Claus/ Christmas rally (albeit a minor one) can be expected in the next two weeks.

A day at Dubai Metro - a perfect example of successful VISION & MISSION

Dubai is a fascinating city- a true oasis in the middle of middle eastern desert. It hosts all nationalities and the local UAE nationals are always ready with a smile and hospitality.

Ever since I landed in Dubai as a banker than a decade ago, this place continues to amaze me. In 2004, there was no metro, no Burj Al Arab, no Palm, no Mall of Emirates with its wintery ski-mall, etc.

In today's blog, we will speak about Dubai Metro and how its common features with yet another success business story of GE. 

Today at 9.30 pm I was sitting at Dubai metro, Burjuman station and it was crowded, which tells about the success story of the first metro in the Middle east. 

My thoughts fly back to 2004 when the metro project was announced. It was the first such project. Many doubted its viability. Typical to UAE, (Dubai in particular) style it was built quickly and launched at the middle of the 2008 crisis. Even the promoters stated at the time of launch on 09-09-2009 that it may take more than a decade to see the metro profitable. However, the number of travellers in 2014 was around 15 million per day! and increasing.

 

Now a thumping success. It has much to do with the vision and mission 

IFRS 9 - RESULT OF 2008 FINANCIAL CRISIS

One of the main reasons that contributed to the Financial Crisis that began during 2006-end and became a full blown crisis on 15 Sep 2008, with the collapse of Lehman Brothers, can be traced to some of the Accounting Standards followed then, especially IAS 39. This is what critics says. By the end of 2008 , such accounting practices, along with other economic factors, resulted in the collapse of numerous commercial and investment banks, including several high profile institutions such as Bear Stearns,  Merrill Lynch, Wachovia, etc. 

The Financial Crisis resulted in a near collapse of the US banking sector.   Most agree the crisis started due to the bursting of the housing bubble in the US, traceable to the hike in interest rates by Ben Bernanke.  The near collapse of the financial sector has resulted in the greatest economic contraction that the US and Europe have seen since the end of the Second World War. 

After the dust settled, there were legislative and regulatory changes to address the underlying causes of the housing bubble and the Financial Crisis. Such initiatives to prevent a repeat of the Financial Crisis demanded suitable amendments to Accounting Standards.   In this regard, fair value accounting that was a considered as a major contributing factor to the pro-cyclical fluctuations in the value of financial assets, financial instruments and liabilities demanded a revisit.

Accordingly, Accounting Standard setters began to pay more attention to IAS 39 that might have played a significant role in contributing to the Financial Crisis. Now, IAS 39 is no longer in existence. It is replaced by IFRS 9 that provides guidance on Financial Instruments: Recognition and Measurement.

Many believe that IFRS 9 affects just banks and financial institutions. It is not true. It affects non-financial institutions as well, especially , if you have a substantial trade debtors portfolio. Such entities will have to start providing for possible future credit losses much earlier. Please refer to the attached presentation for more details. Please click the following link.

https://www.linkedin.com/in/ciby-joseph-016b356/detail/recent-activity/