For a change the overseas clues mean nothing, at least this month expiry.
There are calls, not to do calls, or puts, then there are the better known well telegraphed message, stay put in the end, this is a fear not a fact.
We have placed our observation of Index relative to election years before and we repeat again here for readers.
2009 B of larger degree Wave 4
2014 Start of larger degree wave 5
2019 Sub wave 2 of the larger degree wave 6
2024 Near or almost about the end of wave 5 of larger degree, how near or close is to be seen.
Fourth Phase, this marks near 390 seats, in otherwards, the results are almost will be locked, 20th is another coffin in the play. For sure no one knows the outcome, while majority view is there won't be huge surprises.
For us, the only one to handle is the price, everything else markets will do it for us free. Hence, focus only price action.
To start with Industrial production dips, compensated by increase in Manufacturing data optically. Inflation data due later, China Inflation higher, while its PPI continues to slag, interesting point to note is M2 is contracting.
Technically, Friday Candle, one has to look at failure with upper wicks than otherwise. This is on the back drop of large bear candle of the previous day. Save one day that has neither bull or bear (0) closing, it is five days of negative or no return. The price action sits around the support. Hence the next few days are vital to see how it unfolds.
For the larger picture, momentum is slowing, oscillators are lagging, patterns caution, broader indication is more of lower than higher for now.
Supports 21930-21880-21830
Supply: 22080-22130-22215
There are calls, not to do calls, or puts, then there are the better known well telegraphed message, stay put in the end, this is a fear not a fact.
We have placed our observation of Index relative to election years before and we repeat again here for readers.
2009 B of larger degree Wave 4
2014 Start of larger degree wave 5
2019 Sub wave 2 of the larger degree wave 6
2024 Near or almost about the end of wave 5 of larger degree, how near or close is to be seen.
Fourth Phase, this marks near 390 seats, in otherwards, the results are almost will be locked, 20th is another coffin in the play. For sure no one knows the outcome, while majority view is there won't be huge surprises.
For us, the only one to handle is the price, everything else markets will do it for us free. Hence, focus only price action.
To start with Industrial production dips, compensated by increase in Manufacturing data optically. Inflation data due later, China Inflation higher, while its PPI continues to slag, interesting point to note is M2 is contracting.
Technically, Friday Candle, one has to look at failure with upper wicks than otherwise. This is on the back drop of large bear candle of the previous day. Save one day that has neither bull or bear (0) closing, it is five days of negative or no return. The price action sits around the support. Hence the next few days are vital to see how it unfolds.
For the larger picture, momentum is slowing, oscillators are lagging, patterns caution, broader indication is more of lower than higher for now.
Supports 21930-21880-21830
Supply: 22080-22130-22215
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