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 imagination, beyond what is seen.
The big picture, if one wants to compare, we are as overbought as we were in 2007, that should caution. Which in itself means the incremental rise can be sharper as well as quicker the falls, the rotation continues to baffle many.
The only solace one can infer and apportion is the presence of biggies, certain uncertain outcomes, hopes overriding the fears.
By definition, hedging means hedging the feared risk or the unknown risk. Else, there is absolutely no need to hedge. Ask this to the USDINR trader.
One always wants to hedge the outcome that is against the majority or the popular opinion. It is this outcome, that can unsettle the market. The outcome of the popular opinion if any is another approach to handle. We don't the tools of all ammunition at the same time to execute, each occasion has a certain precision approach to deal with.
The big graph shows presence of 1. The bearish deliberation candle, followed by the classical rise. Then the bearish engulfing (it has part of the deliberation, but we focus on the big one), and then the bearish engulfing one, one can wish them away to their own risk. Ther recent three black crows have the third one as collapsing crow.
Candle sticks are powerful pattern they warn, just because the price action pierces above the high does not guarantee anything in the big picture. The next three days are crucial or the week close is crucial in that sense. It is also the expiry week next week and closer to the exit polls.
The pip graph shows five wave moves with the larger channel and hence the current one, will that extend or truncate has to be seen.
Suffice to place 22350-22650 as the ranges.
Support 22480-430-380
Supply 22580-620-660
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 imagination, beyond what is seen.
The big picture, if one wants to compare, we are as overbought as we were in 2007, that should caution. Which in itself means the incremental rise can be sharper as well as quicker the falls, the rotation continues to baffle many.
The only solace one can infer and apportion is the presence of biggies, certain uncertain outcomes, hopes overriding the fears.
By definition, hedging means hedging the feared risk or the unknown risk. Else, there is absolutely no need to hedge. Ask this to the USDINR trader.
One always wants to hedge the outcome that is against the majority or the popular opinion. It is this outcome, that can unsettle the market. The outcome of the popular opinion if any is another approach to handle. We don't the tools of all ammunition at the same time to execute, each occasion has a certain precision approach to deal with.
The big graph shows presence of 1. The bearish deliberation candle, followed by the classical rise. Then the bearish engulfing (it has part of the deliberation, but we focus on the big one), and then the bearish engulfing one, one can wish them away to their own risk. Ther recent three black crows have the third one as collapsing crow.
Candle sticks are powerful pattern they warn, just because the price action pierces above the high does not guarantee anything in the big picture. The next three days are crucial or the week close is crucial in that sense. It is also the expiry week next week and closer to the exit polls.
The pip graph shows five wave moves with the larger channel and hence the current one, will that extend or truncate has to be seen.
Suffice to place 22350-22650 as the ranges.
Support 22480-430-380
Supply 22580-620-660
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