The best does the move in leading the worst, that tells the story or sums up the story. While optically, we are near where we should not have been in the first place. The rise past 49200. a classical trap to the bulls than to the bears the trap of 48350 break. Thus, the bulls will be hoping to hold that base, previously the top. With Global Cues, weak, fast...
Markets are a maze, but those who can infer the patterns and path, it can be mesmerising. True, sometimes you have hits sometimes you have misses, never the miss in the direction. Pull any chart of any sector, they look heavy and calling for help. We pulled some, one is here, doing it the PREPP TO POLLS later in the day. The top left-hand corner is the...
Well, the words could have been swapped, but the confidence took precedence. The break of 48500-700 area, which now becomes the line in sand for the move, and also the make-or-break line. Short term frames, have evening star, three-line bearish engulfing (almost near), broader markets looking weak, overseas cues negative, nothing going in favour. The large...
Yesterday we cautioned the impending resistance line drawn from the candle tops, it has worked reasonably well. The damage to the internals is larger than what the NIFTY50 is showing, there are near no liquid trades in the MIDCAP NIFTY beyond the near term and month end expiry, all volumes focussed on NIFTY and NIFTYBANK. Clearly the unhedged mid and small caps...
It is near six months of upward sloping zone that the NIFTYBANK has been roaming around. For those who read our understanding, clearly this one change trend around the extremes without any warning and hence, this time may not be different. What is different is the boundary of this extreme is squeeing and hence the inevitable move this space has to carve out....
Suddenly market lack cues for direction, hopes and fear remain on the table. FII huge shorts, which otherwise were powder for short covering vanish, they are reported as minor longs. No one knows for sure, what they have in mind. The broader price is the wisdom print. Couple of days more to negotiate and then there is a month expiry. Overseas were on holiday...
The RBI dividend remains in play, the picture clearly shows the break of Fibo Angles, pictured with the Golden section break out. The result is the exponential move. This has been broadly noticed in the INDEX too, we printed the new weekly high. Markets have their own unassuming strength or weakness; it is always called the collective wisdom. That is here to...
Bulls break the highs, post new weekly closing high. The back-to-back strong bull candles have not appeared since NOV 2023, that is near six months. Arguably the best foot when the bears least expected the same. Previous resistance now strong support around the 22800 area. With Exit poll looks real poll and the confidence that the market is showing as exit...
Maribouzu candles are warning to the current trend and tell the next trend that is in motion. NIFTYBANK produced one such yesterday (leaving very minor wicks). Similar Maribouzu did appear on 29 April and the markets celeberated, but slowly the decent gave way all the gains. Will that be the case this time also? 1. The rise is from the lowest point of...
It was there for all to see; we simply chose to ignore it. 1. Huge shorts by FII (one can debate the internals, but the psyche was there once certain levels are broken the short covering to ensure, the volume spike post the break of ATH supports this) 2. The 400 plus is the ploy played to trap the opposition, PM statements, is clear that if the market is...
The big headlines remain the huge dividend transfer from the Central Bank. It did happen in the year 2019 just five years ago, both election years that is the only similarity. The huge drop and then subsequent move higher in the last one hour continue to baffle the market players and huge source of worry, as these kinds of Gyrations have become too common these...
Short term moves look volatile, big picture is reasonably, stable. From near no performance kind of stage for the year just about ten days ago, we bounced of near 800 points post the famous HM comments. The big picture when one looks is just a volatile range. Bears would look it would give away, bulls would take home the point that it is still high and once the...
We did post this elsewhere, cluster of moving averages, confronting the space. The incremental negative divergence is the hurdle. What is more important, occasional profit taking is far healthier than what is understood. In that sense, we are due for one. Yesterday fall is it warming for bigger fall, or the rise post the fall warming for a rise. One has to...
This one so far completely doing the contrary. 1. You see good news on the banking sector, many politicians and the corporates in social media tweet how the sector is growing. 2. Good results, mergers conclude. 3. The proof is the Private Sector banks are underperforming, while PSU on the rampage. 4. CASA driving, or the cause driving. 5. In sum move past...
One more day, one more eventful day, sharper pre-open, measured open, manic high and closed tad to the favour of the bulls. The incremental inference is as good as anyone's. The biggest fear is the absence of fear in itself. Markets chug along as if they know something that we all want to know. They still in the known territory, only that we have pushed our...
NIFTYBANK usually, prints first then takes the broader market with it, either up or down. This time it is stuck below the halfway back point, just about that. That feeds well both the bulls and bears. Bears: Bears can take home the point the entire rise post the fall is stalled below the 0.50% and hence any further loss of upside from here and revisit 47600,...
The test day was more interesting than the actual days of trading. The system risk is so huge, we see service providers on rotation, put the traders more specifically at risk. It was the day of ICICI Direct on Friday, shut almost near one hour. Hopefully, authorities will take note of the same. The political memes of Khata Khat, can stay for some more time, it...
In term of the move, it is last on hour of move, coming on expiry, one ideally would like to see the follow through on the next day. This time is no different. On the Daily, if not classical, it looks like follow three, exception being the large lower wick. In both the cases, C clamp is visible, suggesting a rather sluggish move but still over laps the...