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...
Not one brush to treat. The candle that is very low upper wick and so far, negligible lower wick is a caution. Bulls borrow hope on the channel, while bears wait for higher and assured. With assumption of broader market on the corrective move down, selective hammering and selective crowding is going to be the order than otherwise. Friday is relief, but...
The driver is confident, the curve is head, experience in hand, passengers slightly worried, but trust carries them. Head on Collusion, just missing the vehicle on the curve, we all experience? The Only rule that I impose, never overtake when there are bends, watch the road, there are no broken lines at that point. But who cares, lines or no lines! No, I am not...
It pays to notice the channel. Else the link is cut! While the results are good on many accounts, forget the missing estimates, the visibility is clear. This space will remain as split as anyone can look. While one can bank on HDFC, it is the SBI that will take sheen out of everyone. The Missing Key to the bank, true to its LOGO. There are many parts, the...
It was feared, it was told, it is not admitted. That simple. A warning given three times gets a reality check! That was very much in the news. But when it comes to wave 5, few like to listen to those wisdom shots. It happened every time! Finally bears throw their towel, bulls search for the door. Good results hold minimal green, were excessive, sold heavily. One...
Place of action and attraction. Piece of Misery and Mystery. Some choose a day, some choose week, some choose months, the end is the channel, but inability to channel one's thoughts and resultant actions. Blame hunting, stops, Algo. Algo is GIGO. It does not do anything that you did not ask for! While short term moves are nothing but noise, there are ways and...
The fall, the rise and the close. As optically neutral or bias as the mind-set of the trader and investor currently. Everything looks like fairly factored, the interest rates, the growth, the political outcome, the overseas clues, but the sum of all these are not adding up. India Vix is rising, but note, it is not a tradable one, so can only infer than handle...
Sharp, quick, small green to start, deeper red in the end. Markets quick, usually this space is building volumes and now stabilising. Many parts of this are parabolic moves. One can question is this ABC of 4 or end of 5. We need to wait and see. We have labelled as truncated wave 5. This calls for one move below the 4, that is nothing but breaking the...