Bears up the ante
Brazilian Bovespa: The BRIC Index A reversal day in the S&P 500:
Research
Gold and Nifty
Gold broke through a short-term trendline and has opened up potential for downsides. (If you see our last few posts on Gold, we have been anticipating this decline.) If you are a wave fan, you would note that this decline is coming after a 5 wave advance and this decline below 1352 marks the beginning […]
“The Bloom is off the Rose for the Nifty”
httpv://www.youtube.com/watch?v=kaep_sZyIzY In my interaction with CNBC TV-18 on 19th January, I did highlight that the Indian markets may have slipped into a bear market. Strangely(!) it did not find any recap in their website ! Regular readers of this blog would recall that I had highlighted in my November post itself (now Password unlocked) that […]
Keep these stock on your watchlist
The first one is the heavy weight ONGC IMO, this is not a perfect H&S top, as the volumes have not been supportive of the dip below the neckline. Nevertheless, due to its high weightage in Nifty and fact that the stock is clocking lower highs and lower lows, it deserves our close attention. Next […]
Week No1 of 2011 to Bears
The bears have covered considerable ground in the first trading week of the new year. Indian markets are clearly the worst performer amongst its global peers. The grizzlies have managed to plough into the gains of the past 3 weeks and handed in a loss of 3.75% for the Nifty and 4% for the Sensex. […]
Watch Copper
Copper: An evening star pattern is visible on copper’s daily chart. While this is a high probability reversal signal, a close into the coloured region would add further weight to this reversal signal. USD: This currency basket clocked a wide ranged bar yesterday and is taking aim at the 200 DMA. With a micro double […]