NIFTYBANK: The end is the beginning, the beginning is the End!
BOJ ends 17 Year of Zero interest rate policy. Finally, that is end of an era. The collective wisdom of the Central Bank's clearly points towards no longer easy money.
More interestingly today FOMC will throw light on what the thinking is, there are economic projections and then there is Press Conference.
Elevated commodity prices, Crude Oil, Service driven inflation are still the points of concern on the inflation path. FED is not going to relent too soon. The new piece on their table is the Energy prices.
Economic data has been mixed, and individual data has lost its relevance, while the JOB report remains the puzzle to decipher.
Not much of data from our markets, the focus remains on the cues overseas and the flows here.
In terms of fall we hit near 8 days of fall. Hence the De-Mark methodology demands a rise, also the attached 45 Min graph suggests a base near term. The break of the downward trendline may not end the down move, ideally it should hit the UBB and then the fall and then the recapture of the UBB that is the process.
No to shorts above the recent low of 46000 range, while 46700 attracts. Nimble longs are better than NUMB shorts.
More interestingly today FOMC will throw light on what the thinking is, there are economic projections and then there is Press Conference.
Elevated commodity prices, Crude Oil, Service driven inflation are still the points of concern on the inflation path. FED is not going to relent too soon. The new piece on their table is the Energy prices.
Economic data has been mixed, and individual data has lost its relevance, while the JOB report remains the puzzle to decipher.
Not much of data from our markets, the focus remains on the cues overseas and the flows here.
In terms of fall we hit near 8 days of fall. Hence the De-Mark methodology demands a rise, also the attached 45 Min graph suggests a base near term. The break of the downward trendline may not end the down move, ideally it should hit the UBB and then the fall and then the recapture of the UBB that is the process.
No to shorts above the recent low of 46000 range, while 46700 attracts. Nimble longs are better than NUMB shorts.
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