Consistently harvesting positive gains is difficult. In markets where risks remain rife, that task gets harder. That’s where tactical hedging during periods of elevated risk help improve risk adjusted returns. Analyst forecasts are for US equity performance to be neutral to bullish in 2024. Some believe that returns are likely to be dragged lower given the...
EURUSD Financial Review: Navigating Current Conditions and Projecting Trends" Introduction: The FX:EURUSD currency pair is currently poised for significant developments, with a projected bullish trend following a rapid correction. This analysis incorporates both trend and technical indicators, providing insights into the potential future movements of the...
The FOREXCOM:EURUSD has been mitigating the price zone of 1.12147 and 1.17122 since 2015, and had a rejection move from the zone on July. On the 1W Time Frame: 1. Price did a change of character 2. Price tapped the 0.618 premium zone There are 3 things that can happen 1. Price rejects the premium zone and pushes down 2. Price enters a more premium...
Chart was brought up on my stream today, and I wanted to post a chart. Looks like a nice run-up stock looking for a decent crash that should equal some pretty large percentage losses. Short term parabolic stock, so when those green trends break, the pump is pretty much over, and you'll want to start looking for an exit or short position on the retouch, which looks...
In this technical analysis, I see the potential for a bullish trend in the SPY (S&P 500 ETF) based on historical data calculated using the ABC Calculator indicator and in consideration of the trend suggested by the Adapted Volume indicator. My outlook suggests a price target of approximately $450 USD within the next month. 1. Historical Analysis with ABC...
Nifty can bounce from Support if it can sustain above the levels of Friday high. That is 19799 tomorrow or in the coming week. In this case the resistances on the upper side will be 19921, 19991, 20038 and finally 20176. Supports for Nifty on the lower side remain at 19502 and 19208 on the daily chart. The momentum it gained on Friday should continue on Tuesday...
Nifty Support zone is in between 19655 and 19544. A bounce back can be expected from any point within this zone. If the support at 19544 is broken then the bears will take further control of the market and drag it further down to 19224 or below. On the upper side the resistance levels for Nifty are near 19851, 19991.
Nifty has given a proper Breakout above the mid channel resistance showing bullish momentum. 20,000 points on Nifty along with G-20 can be the theme for the next week. For this to happen there are 2 important resistances which Nifty has to cross. These resistances are 19867 and 19991. Supports on the lower side for Nifty in case the breakout fails will be at...
The market today gave a positive closing above 50 days EMA which was at 19285 which was a good sign but the candle that we saw today was a DOJI candle or a Perfect DOJI candle. This means that the market is indecisive. Only if the support at 19285 is held tomorrow or for the reminder of the week, Nifty can think of a recovery. Supports on the lower side for Market...
The 1.17% negative fall in stock market today courtesy weak guidance for 2024 by Infosys set the cat amongst the pigeons and profit booking in major sectoral indices lead by IT started. Capital goods and PSUs index were trying to provide some support and respite to the Nifty. On weekly chart the zone between 18887 and 50 weeks EMA which is at 18000 looks like...
There are three major supports for Nifty on hourly channel near the current level. The supports being at 19354, 19295 and 19232. Falling below 19232 will take spot Nifty to the levels of 19065 or 18894. Below 18894 Nifty becomes very week and final major support for Bulls will be at 18651. Resistance for Nifty will be near the levels of 19437 and 19523. Crossing...
NFP data is very bearish for the Greenback and all USDxxx related instruments. The price formed a high momentum bearish candle on a daily on Friday. Bears will most likely keep dominating on the market. Target level - 0.8845 Please, support this post with like!
Hourly chart of Nifty suggests support for Nifty in the zone of 19268 and 19232. If 19232 is broken the next support will be near 19065. Below 19065 Nifty is vulnerable and can fall to the levels of 18859 or 18651. Below 18651 bears will awaken from Coma they are in currently. Trend changes to negative below 18651 closing. Resistance on the upper side for Nifty...
Nifty has given a strong closing on Friday by closing above the Mid Channel line. The nifty has given a close just below a strong resistance of 18509. 18509 was high of Friday above which the Nifty could not close. One way to avoid this resistance would be to open gap up on Monday. If we open gap up on Monday above 18509 levels, the next resistance will be at...
Nifty made a soft landing after Karnataka Election results. Despite Global markets performing well Nifty had a subdued week. After starting the week well, the rally simply could not sustain the upper levels and continued to slide. Bollinger Band and Daily chart technical analysis shows Friday low of 18060 and 18107.5 as strong support for Spot Nifty. Below these...
Market Outlook For The Next Week: It was a volatile week which saw ups and downs. Downs mainly due to huge sell off in HDFC Twins due to the rebalancing news of MSCI Index. The fall also cooled down RSI which has come down substantially. Closing of Nifty well above critical support level of 18029 shows that strength still might be left in NIFTY to rally again a...
We can expect BOOM BOOM BOOM tomorrow or in the coming week. It is a clean Breakout for NIFTY50. Support Levels are at 17779, 17687 and mega support of 17541 to 17584 zone. On the upper side the resistance are near 17986, 18042, 18272 and 18466. Let us see how far the Fizz can take us tomorrow. More importantly can the Fizz last over the next week too?
Nifty on the back of momentum in Small and Mid cap stocks combined with some good results is taking Nifty higher after a week of consolidation. If 17863 is taken down we may see the rally continue to upto 18092, 18360 and above. 17532 to 17552 are strong supports as the levels are 50 and 200 days EMA. If 17532 us broken the other supports are near 17467 and 17198 levels.