AnbHfund

AnbHfund Updated 

Nifty reverses from lows of 10000 to 10650 !! This in most probably wave A part on upside and wait for wave B on downside ! Sentiment -- Turning positive wrt macros Short Term Negative as Crude and Dollar index both rise !! Wave C Target :- 10800 Wave B Target :- 10300

AnbHfund Updated 

Nifty is in wave 5 on downside correction. Either Nifty reverses from 10100 or from 9950 but bottom is in sight as Crude oil & USDINR both are now in correction mode. Markets are ignoring the correction in crude oil and trading with negative sentiment. Long Nifty @ 10200 for an ABC pattern on upside !! Look for lvls of 10700 - 11200 !!

AnbHfund Updated 

XAUUSD is moving into a triangle pattern ! For the time being Gold is bullish for short term -- Target :- 1268 ( 50% Fib lvl ) -- 1286 -- 1317 -- 1360

AnbHfund Updated 

DAX is sitting at the trendline support -- if it breaks then next support will be 12100 but the DAX is out of sync with SPX500. Lets wait & watch how DAX plays out if it breaks the recent low of 12100 it would be the signal to go short on every rise or if it plays catch up with SPX500 rally !!

AnbHfund Updated 

--- SPX500 is trading near its life high --- --Even though no short signal is in sight but there has been no push on upside after breakout of previous highs. -- SPX is trading in Wave 5 of Wave 5 -- so there is no point going long here instead sell on rise markets. -- The sync between DAX, Nifty & SPX500 has been broken now. Both DAX & recently Nifty have...

AnbHfund

Google is just sitting at the long term weekly support of 1126 !! SPX500 which was moving ATH each day even when other markets were falling, And maybe now the correction is about to start. Look for breach of this support for targets of 620 within a year or before !! And if Google goes down expect FANGS to move down as well & with it SPX500.

AnbHfund Updated 

Fundamental Analysis :- Most stocks had moved way ahead under the bullish scene. With a brutal fall of around 7% in a month in Nifty thanks to the IL&FS episode the bulls have been shaken. Lets look at the reasons for this bearish scenario : 1. IL&FS has defaulted on commercial paper, inter-corporate deposits & others thus rating stands as junk. 2. An ...

AnbHfund

SPX500 is the only index out of these three which is still standing at life highs !! After Dax, Nifty and BankNIfty has gone into correction breaking major supports on downside.

AnbHfund Updated 

BN has corrected way much more than Nifty. And looking at monthly charts RSI is showing a reversal. Is this the multi year top may be but Nifty is looking far better than BN. Nifty -- Breach of 10900 levels would mean ( Multi Year Top ) Let's see how BN moves ahead in next 2 months -- 26000 - level to watch

AnbHfund Updated 

Till 29 Jan 2018, Everything was in order but after that correction DAX & Nikkei got out of sync with SPX500 & Nifty. The divergence is clearly visible and if both DAX & Nikkei breaks the recent low then it could be the start of the next bearish markets which are long pending since 2008. And the EW wave count on NIfty & SPX500 is showing wave 5 of wave 5 ( a top...

AnbHfund Updated 

Nifty is in correction mode and we think this will continue the whole month. An immediate bounce may be to levels of 11600 - 11700 and then again to levels of 11300. We still think wave A has been done and wave B is about to start !!

AnbHfund Updated 

Nifty is now trading at ATH. The rally now seems to be done with only few heavyweights leading the markets. Short Nifty : Nifty is trading in Wave 3 of Wave 5 for which correction is due and also inside a channel. New ATH resistance would be 11677. Wave 4 correction is due -- will it start today or tomorrow ?( any reversal...

AnbHfund

Yes has been trading above weekly breakouts and was consolidating and now it seems that Wave 3 rally is about to start after a correction from 400 to 362. Long YesBank -- Initial Target -- 440 With SL @ 359-360 Closing Daily Basis. See how yes jumps from the support of 363.

AnbHfund Updated 

Banknifty is lagging behind the Nifty. It's the start of wave 3 buy on dips market. Any CLose above 26940 intraday or on daily closing -- Go long for a min of 1000 points on BN. Waiting for a Short covering rally ahead !!

AnbHfund

Nifty is now in trading in Wave 3 . Go Long at every dip !! For This Months Expiry : Put Writers are not willing to move on upside to write. 10600 PE has max OI still after a rally of 200 points whereas call writers are just confused no clear cut upper resistance zone. Max OI on 11000 CE - 38 Lakhs Contracts ( Which are in the money ). Initial Target for Nifty...

AnbHfund Updated 

Nifty is in consolidation mode from the high of 10930 made on 15 May'18 . Clearly a correction wave is happening and most probably it is likely a triangular correction of Wave 2. So we are looking for a 10600 in next week in abc mode and then a reversal from there. And the confirmation will come when Nifty gaps up above the resistance of 10800 after it touches...

AnbHfund

XGY0 is now very close to its support trendline !! And with so much of negativity - trade wars, slowdown etc the very opposite happens. The Shanghai index is falling and is now at crucial support point. Look for a reversal in next 2-3 months.

AnbHfund Updated 

It seems wave 2 correction is complete. The extent of fall in global markets yesterday did not affect us much and it seems we are on path to trade in wave 3. Buy on DIps Market. Targets : 21 June Expiry - 26800 and above