Research

Is the Auto sector topping out?

I did mention in my friday’s update that a close below 5452 would be a bearish signal for the Indian market. Besides an engulfing bearish candle pattern on the Nifty, one other key index in this bull run, the auto index has also formed a bearish engulfing candle on its price chart. In March 09 when […]

Channel lines puts pressure on Nifty

First post from Singapore – settling down here took a bit longer than anticipated. OK, back to markets 🙂 As can be seen from the chart below, the channel lines are putting pressure on the Nifty. Also, momentum peaks continues to disagree with the new price highs. In my March 8th post, I had projected […]