Nifty, one more day one more green, the conglomerate which indicative of the electoral outcomes, punches big greens, sentiment lifts up, all boats sail.
Markets were worried of everything, suddenly they are searching if there is anything to worry at all.
Such is the shape and hope of the markets at all times, it is only the fear and greed that drives in the end.
Results continue to punch, the spaces where there is disappointment either in terms of the results or the guidance are punished. Even in the case of good results, the follow through of Analysists recommendations driving them, however, a follow through is what make any or all of these counters. There are always gems at any point of time. Rotation is ingredient of any market.
One thing looks interesting, we are another 150 points away from (in terms of closing) to push more of neutrality. A close above 22400 closes the debate of how deeper pushes to how longer.
US CPI data might throw some insights later today, FED speakers continue.
For the day, the picture of three days of green near eraases the losses of last Thursday, we are where we were last Wednesday.
The dotted lines may look of little importance, but they are reasonably looks the hurdle zone.
The averages suggest something to give way, we are yet to know them. The inclination is what is worrying for some, hope for some. There are some who label it as wave 4 and some as wave 5. The internals suggest we are in wave 5, lets see how it unfolds.
Supply 22280-22320-22350
Support 22180-22130-22080
Markets were worried of everything, suddenly they are searching if there is anything to worry at all.
Such is the shape and hope of the markets at all times, it is only the fear and greed that drives in the end.
Results continue to punch, the spaces where there is disappointment either in terms of the results or the guidance are punished. Even in the case of good results, the follow through of Analysists recommendations driving them, however, a follow through is what make any or all of these counters. There are always gems at any point of time. Rotation is ingredient of any market.
One thing looks interesting, we are another 150 points away from (in terms of closing) to push more of neutrality. A close above 22400 closes the debate of how deeper pushes to how longer.
US CPI data might throw some insights later today, FED speakers continue.
For the day, the picture of three days of green near eraases the losses of last Thursday, we are where we were last Wednesday.
The dotted lines may look of little importance, but they are reasonably looks the hurdle zone.
The averages suggest something to give way, we are yet to know them. The inclination is what is worrying for some, hope for some. There are some who label it as wave 4 and some as wave 5. The internals suggest we are in wave 5, lets see how it unfolds.
Supply 22280-22320-22350
Support 22180-22130-22080
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