NIFTY: - Polls and Alternatives - The Five and the Terms!
The fall, the rise and the close. As optically neutral or bias as the mind-set of the trader and investor currently.
Everything looks like fairly factored, the interest rates, the growth, the political outcome, the overseas clues, but the sum of all these are not adding up.
India Vix is rising, but note, it is not a tradable one, so can only infer than handle kind of a place. Look at that one can only engage in other Indexes, which is not what VIX as an Index is supposed to be.
Honourable PM, comments on the largest two names sent some confusion on the rank and file and one has to see how markets treat this part. Hopefully, it is ignored for the time.
This assumes significance as we go to next phase of the polls.
Brazil stay puts, US bond auction goes smooth, today 30 Y is of significance. BOE rate decision is another one to watch. Calls for rate cuts gallop.
At any stage we all have Plan A and Plan B. Ditto on the markets. As EW professional, there is always need for alternate counts.
1. The PIP shows we are near the end of wave 5, which assumption leads to a reasonable correction, one has to wait and see, which is our preferred option right now.
2. Assume wave 5 ended and we are in corrective larger degree pattern and hence a running complex flat, that suggest a rise later than other wise.
Alternative 2 has its own short comings, when looked at big picture.
Still reckon 22430-450 caps for one attempt towards the 21800-900 area. That is the do or die for the bulls. FII continued selling DII heading, suggests caution is the mantra. Another 25 days to go.
Supports: 22230-22180-22110
Supply: 22340-22380-22430-465
Everything looks like fairly factored, the interest rates, the growth, the political outcome, the overseas clues, but the sum of all these are not adding up.
India Vix is rising, but note, it is not a tradable one, so can only infer than handle kind of a place. Look at that one can only engage in other Indexes, which is not what VIX as an Index is supposed to be.
Honourable PM, comments on the largest two names sent some confusion on the rank and file and one has to see how markets treat this part. Hopefully, it is ignored for the time.
This assumes significance as we go to next phase of the polls.
Brazil stay puts, US bond auction goes smooth, today 30 Y is of significance. BOE rate decision is another one to watch. Calls for rate cuts gallop.
At any stage we all have Plan A and Plan B. Ditto on the markets. As EW professional, there is always need for alternate counts.
1. The PIP shows we are near the end of wave 5, which assumption leads to a reasonable correction, one has to wait and see, which is our preferred option right now.
2. Assume wave 5 ended and we are in corrective larger degree pattern and hence a running complex flat, that suggest a rise later than other wise.
Alternative 2 has its own short comings, when looked at big picture.
Still reckon 22430-450 caps for one attempt towards the 21800-900 area. That is the do or die for the bulls. FII continued selling DII heading, suggests caution is the mantra. Another 25 days to go.
Supports: 22230-22180-22110
Supply: 22340-22380-22430-465
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