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 Cloud, Short covering ensured.
If it is election worries, then it should reflect in the Adani Stocks, however, there is an interesting move there, the stocks in FnO are green, in the Cash it is RED. What does that imply if any.
Indian inflation comes, one can ignore that, markets await the US Wednesday inflation.
The PIP graph here is the Weekly one, current week is not ended yet. Comparision, both are hammer, large lower wicks, no upper wick (current one is not over yet, just one day old), both preceded by large bear Candle.
The Comparisions end there. The first Large Bear Candle is preceded by series of bull candle, each one with higher close or higher open or both, each one with larger lower wick.
Contrast to that the recent bear candle preceded by large upper wick, gap downs, inverted hammers.
Back to the main graph, price action is around the power candle, indicating indecision to short covering. Suffice to say large range of 21850-22350 in play.
Supports 22040-21970-21925
Supply 22180-22230-22275
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 Cloud, Short covering ensured.
If it is election worries, then it should reflect in the Adani Stocks, however, there is an interesting move there, the stocks in FnO are green, in the Cash it is RED. What does that imply if any.
Indian inflation comes, one can ignore that, markets await the US Wednesday inflation.
The PIP graph here is the Weekly one, current week is not ended yet. Comparision, both are hammer, large lower wicks, no upper wick (current one is not over yet, just one day old), both preceded by large bear Candle.
The Comparisions end there. The first Large Bear Candle is preceded by series of bull candle, each one with higher close or higher open or both, each one with larger lower wick.
Contrast to that the recent bear candle preceded by large upper wick, gap downs, inverted hammers.
Back to the main graph, price action is around the power candle, indicating indecision to short covering. Suffice to say large range of 21850-22350 in play.
Supports 22040-21970-21925
Supply 22180-22230-22275
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