China Markets are up by about 127% ( XGYO ) since last year !! On one hand growth is slowing down on the other rate cut is pushing markets up !! Chinese Markets are in Mania now : No Stopping : Hidden Trendline Resistance on weekly charts !! Volume is going down !! Did Volume peaked 2 weeks before ?? Could be ! And if yes - this could well be the...
Nifty Remain on Sideline : Buy Above : 8350 ( Closing Basis ) Sell Below : 8000 ( Closing Basis ) View : Above 8000 - Nifty is safe and could rally above life time high in coming months !! But a break below 8000 might take Nifty to approx 7400 or below !! INR - Trading above breakout & FII's Not buying - compounds this...
Short euro - Wave 5 of Wave C target to end around 1.14558 or it could end even below this as well... ABC correction of Wave 4 seems to be over a little bit faster than we thought may be a month earlier ... Wave 5 will start - before that either euro moves in between a range 1.12841 to 1.10426...or goes directly following abc correction till 1.0550 MACD -...
Long Nifty : Wave 4 correction getting over at around 8000/7912 Stop Loss : 7880 Nifty Entering into Wave 5
DXY : Wave 4 near completion - Euro also nearing its end of ABC Correction Crude WTI/Brent - Near reversal - Wave 4 might end at 72.16 Crude oil - Target remain break below 40 on Brent
Consolidation continues in Dollar index : In Wave 4 ( Weekly Charts ) Short DXY : Wave 5 minor of Last leg C - of ABC correction - Expect a turnaround at 92 - 92.5 for its last leg rally of Wave 5 on weekly charts
Long EURUSD : Contracting Triangle Stop loss just below point c Range : by tomorrow a swift move till 1.10395
Contracting Triangle - A-B-C-D-E pattern complete SPX on verge of breakout Long on SPX Wave 5 on SPX
Nifty just completed its wave 4 - at 8270. Entering into wave 5. It looks like wave 1-2 in formation - expecting wave 2 bottom to be around 8500 or below. So till then it's Wait & Watch.
DAX is now in wave 5 of wave 3 of wave 3 . Channel Resistance ahead. Looks like a monthly Doji or Shooting Star at the top. Trendline resistance also . Dollar index now in wave 4 consolidation mode therefore euro will rise and DAX will correct. It's Short on DAX : Stop Loss At : 12398 : Target - 10000 or more
XGY0 At Channel resistance - Extreme Greed - Its Short
Dollar is now in consolidation move - wave 4 Looking for a retouch of breakout levels of 95 on monthly charts.
SPX500 remains short till 2000 ...Its sell on rise till then ....And Around 2nd week of April we would be expecting a bounce back from 2000/1990 for another life time high rally till FED hike which we expect may happen in June Enjoy the ride for the moment ...... Long SPX500 1998 - 1990::: Stop Loss :1984 ( Keep SL tight )
UJ : Reversal on cards for 4 th time or a breakdown from this trendline ...Keep a close watch
Broke out from the triangle and has taken a support over previous high on monthly basis ( month not over ) ....The rise has always been an 76 - 79 degree liftoff -- and the fall has also been steep as well ....Will this setup work on closing April basis ...Any red candle on monthly basis in May would signal a correction to lower channel support...
A perfect chart ...every thing seems to drop in place ....In wave 5 ...angle of rising of INR seems to be in between 60 -65 degree ....and with dollar strength this move will not surprise us ....May be a rate increase by FED would launch this into 63 degree into its correct orbit.....