The big headlines remain the huge dividend transfer from the Central Bank. It did happen in the year 2019 just five years ago, both election years that is the only similarity. The huge drop and then subsequent move higher in the last one hour continue to baffle the market players and huge source of worry, as these kinds of Gyrations have become too common these...
Short term moves look volatile, big picture is reasonably, stable. From near no performance kind of stage for the year just about ten days ago, we bounced of near 800 points post the famous HM comments. The big picture when one looks is just a volatile range. Bears would look it would give away, bulls would take home the point that it is still high and once the...
We did post this elsewhere, cluster of moving averages, confronting the space. The incremental negative divergence is the hurdle. What is more important, occasional profit taking is far healthier than what is understood. In that sense, we are due for one. Yesterday fall is it warming for bigger fall, or the rise post the fall warming for a rise. One has to...
This one so far completely doing the contrary. 1. You see good news on the banking sector, many politicians and the corporates in social media tweet how the sector is growing. 2. Good results, mergers conclude. 3. The proof is the Private Sector banks are underperforming, while PSU on the rampage. 4. CASA driving, or the cause driving. 5. In sum move past...
One more day, one more eventful day, sharper pre-open, measured open, manic high and closed tad to the favour of the bulls. The incremental inference is as good as anyone's. The biggest fear is the absence of fear in itself. Markets chug along as if they know something that we all want to know. They still in the known territory, only that we have pushed our...
NIFTYBANK usually, prints first then takes the broader market with it, either up or down. This time it is stuck below the halfway back point, just about that. That feeds well both the bulls and bears. Bears: Bears can take home the point the entire rise post the fall is stalled below the 0.50% and hence any further loss of upside from here and revisit 47600,...
The test day was more interesting than the actual days of trading. The system risk is so huge, we see service providers on rotation, put the traders more specifically at risk. It was the day of ICICI Direct on Friday, shut almost near one hour. Hopefully, authorities will take note of the same. The political memes of Khata Khat, can stay for some more time, it...
In term of the move, it is last on hour of move, coming on expiry, one ideally would like to see the follow through on the next day. This time is no different. On the Daily, if not classical, it looks like follow three, exception being the large lower wick. In both the cases, C clamp is visible, suggesting a rather sluggish move but still over laps the...
Nifty, the price action perfectly fails around the supply zone and descends more than what we anticipated. At one time it looked it would end much deeper and stronger, the two-way ferocity of the move for sure to unsettle the players of all kinds, save those who did nothing. The up move has been from all counters and not limited to any, most importantly...
The Dow theory has been popular and the foundation for many other western branch of technical analysis. The Elliot Wave theory gets inspiration from this. A simple observation of Higher High, Higher Lows suggest the trend is intact. But the EW shows the exceptions to this. What is important is the parts are not supporting the whole. The big players are slog to...
After large fall, three days of up move, classical corrective move that ensured yesterday. One may say negligible, but it still provided near 140 points move from high to low. The much-anticipated Inflation data out, it is tad below expectations. What is interesting is markets will do what they like, irrespective what data suggests as long as data is within the...
Bounced off from the perfect channel low, but the price action yesterday, disappoints in relative terms. Looks market is waiting for some more clarity, the ration is the cause and effect. US CPI numbers later today might set the tone or is it another data that vanishes in the din?, does not appear to be so. Markets within this channel clearly shown the...
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...
For NIFTY, Span B holds, for BANKNIFTY Span A holds as part of the Ichimoku graphs. That sums up who is stronger or weaker. While we may struggle, markets don't convey the message, it is most of the times, we don't come to terms. Ok, given trading is different, it is more of money management, once you initiative a trade than anything else. For the by-watchers,...
Opens tad green, tanks deep red, hovers in the middle, closes in the Green. All HM broke-out, hmmm is the humming by the bulls and bears. Rare to see politicians commenting on the markets, when that comes from HM, who is seen as PM in waiting, the market respects. Add to that a dash of strong support around the 21800, support from the Span B of Ichimoku...
SBI punches its best performance, stands still, holds, but broader indices close red once again. Economic data comes mixed, and markets are not going to focus for some time on this. PSU Banks on the 14 year supply line, not all of them but many of them. Weaker spots continue on heavy weights like HDFC, no where to go! roam around. SBI lone warrior, along with...
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...
When there is a count and counting, when there is a wave! it is going to be across. I am not referring to the elections or the outcome. That can take rest some where else. In the ultimate analysis it is a spec without specifics. This one is interesting, NIFTY Hit the bear's grip, what next if anyone asks, simple answer is NIFTYNEXT50. Logical conclusion or...