Sharp, quick, small green to start, deeper red in the end. Markets quick, usually this space is building volumes and now stabilising. Many parts of this are parabolic moves. One can question is this ABC of 4 or end of 5. We need to wait and see. We have labelled as truncated wave 5. This calls for one move below the 4, that is nothing but breaking the...
Fall shaper, all round. Bulls were in loss of shape, loss of words, circular search. No google, only Wobble. The big picture is in a Range, short term is precarious. Fall looks impulse. Close near the vital area of 48200-300. Next level of support 47900 that is the hope. Will this support cushion means fall somewhere else? PSU and Real Estate took the...
Third phase of voting over, whispers, Satta markets, headlines, forwarding views, diagonal interpretations, everyone jumping their own narrative, hopes getting to fears, fears turning to dreams, each one building his own castle. However, market has only to unfold one story. That story is never a sudden, it is woven. What is that one has to look deeper now and...
It's all in the proof, the proof is the price, the price is what you pay. I's are yes, Price is perfect, see them to believe them. Don't cry for stop loos hunting, someone from somewhere else shooting, a trap, a hope a la la views. Carve out, crave out, cut out, and shut out! Nifty shows the end of 5, this too. A classic blow out top. A failed Inv HnS. We are...
There are waves, there are counts, then there are banks. Choose the side of the bank where there is plenty of peace. This one moves or has been moving in this channel since February and has been fairly respeceted. We are in the middle of the channel. That is as interesting as drawing the waves, within the channel. Just see them, a break of redline, draws...
Long break, more in other social media, but back here! Not much changed, but incremental optimism is on the decline. One more schedule of polling, one more insider information, that sure is going to reflect. 1. A reasonable correction before the final results does lot of good than a rise before the counting. 2. those who know it know it, those who don't know...
High beta gets the stick and carrot in the market moves. We have the tradable select mid-cap. We did write a close above 10850 warns higher, but we witnessed a sharp sell off from there. Good names from HP/BP pushed in the day early but then wittled. The EW counts navigate and guide you very well. Save one trusts and does the hard work. It is not a pull and...
Easy comes, easy goes. Stronger optically, weaker in price. Extremes do the trick, so far so good. The fall yesterday despite the fact it just matched our understanding the path that was shown. With broader market, both global cues and results, the fear and risk off is huge! Back to the big picture, the Five waves ended, the corrective abc in operation, we...
The canvass is laid, yesterday action confirms, we were afraid last support or first resistance. Brace for the break! In terms of wave, the corrective impulse is much stronger, indicating the much larger wave is in power. Thus, we pull the one cycle before what is shown. If this is true, then brace for mid 21500. In panic, supports are only in the Mind! 22300...
While we spent time in understanding the NIFTY and BANKNIFTY, we are now delving into the midcap nifty. What is interesting is that the correction if we assume will unfold into five waves (else the recent low becomes end of three waves (low probability)). That suggest, there is door open for further softer bias in this one relative to other indexes. In...
RBI brings further measures in terms of the transparency in lending practices. While on the face of it and it is looks bringing more measures to orderly percolation of the Central Bank measures, the deep down is the inflation, the scope for reducing the burden and the banks don't over charge the final consumer. The banking space looks to have been overstretched...
Purely from the point of view of the recent moves that date last one month of action, the below can be inferred. Please note any analysis of this sort need a wholistic approach from the broader waves that is in operation in all the cycles. We completed the perfect 5 way move. Subsequent to that we have more or less the three wave deeper correction. (why deeper...
On a day of huge expectations, the up-move faltered, but blame it on expiry driven moves. The negativity is not that great, note this space has the habit of taking U turn from the peak or troughs that is what it has been doing. Though the ranges slowly inch higher than lower. The one change the one has to notice. PSU pack on profit taking while financials...
#Nifty #nifty50 #NiftyBank #NIFTYIT #trade #Traders #TradingView #USDINR #cnxsmallcap #cnx #niftyoptions #psychology #midcapnifty Perfectly held the upward sloping resistance line, markets remained in a profit taking mode. The inlet graph prints the bearish meeting candle. The big US CPI numbers later today, tomorrow holiday, expiry, net and net a cautious...
There is drama on inflation, it looks all over the world. Now it is not. It always existed in our daily life, but we are told it is moving down. The best example is Japan moving out of zero interest rate after 17 years, while Swiss rate cut can be sign of demand descent. Today the inflation from Japan is higher, no longer China in deflation, Taiwan rises the...
Cheers to the start, Delight in the Middle and delusion in the end. Cheers as the markets open gap up, churn rotate and move and kept the tone circling around the 22 K, delight in the middle as Swiss Central Bank surprisingly cut rates. Dax initially bounced and then fell. Delusion in the end, the inability to have much stronger move is still in Question....
Markets does what they are supposed to do. They are supreme. The dips below 46000 remained the classical trap. 9 Day of continuous negative moves are rare. Those who know the set-up and markets have survived. FED or No FED these work miracles with a marginal line of safety. This time is no different. Confidence and Assurance, markets always cheer. They hate...
The much awaited first FED meeting of 2024 comes and goes. It produced more cheer and a dovish input that was expected last summer. We were expecting more than 6 cuts now we are pricing mere 3. FED rises Growth, Rises Inflation forecasts, keeps three cuts. Markets cheer. That brings the question why did markets more so the equity move higher, USD lower. Was there...