It was about UFO's, confirmation of their existence was revealed. Existence of non-human bodies of pilots. The tweets on Aliens also one of the trending in India. While bulls and bears were fighting, the move unfolded as alien to both of them. Bears practically vanished and booked long holiday, while bulls ruled as if no one to worry. With Global cues green, the last hike feeling, pushing to start the day with high octane comes the thunder of sell off. Add to that the FII numbers huge negative. Typically Aug/Sep/October are volatile months, will that be the case this year too. Looks one will get more than bargained for. Dow for its start printed 200 plus move ended in near 200 minus. With stronger economic number came the NIKKI reports of BOJ widening the band. All let loose, Dollar Rallies, err. JPY rallies across the board. This morning Australian inflation data colled, while Japan inflation data roared. The global liquidity support is predominantly Asian led by Japan. This is the cause for concern to the bulls or kings of carry. With the ATH followed by three crows, the green day remained short lived. Yesterday candle is three day engulfing bearish line or even four day as it covers the body. Weekly does not move much. However, the bi-monthly candle would print warning signal of grave stone doji. Too early a call though. For the day 19730 caps (this was the best case scenario) while 19580 is under attack. Initial signs of perfect bullish crab, half the pattern is complete, but this is not the way harmonics is seen but that can be the input to watch. PIP Graph. Trade from short below 19700-730 for move towards 19500.
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