The regulars of this blog would recall my August post on the USDINR cross rates. Within that larger picture, the short-term is moving to the next stage. A narrow consolidation after a powerful move and a wide range bar. The next stage of Rupee weakness is here.
The regulars of this blog would recall my August post on the USDINR cross rates. Within that larger picture, the short-term is moving to the next stage. A narrow consolidation after a powerful move and a wide range bar. The next stage of Rupee weakness is here.
Nifty(5139): Tuesday’s sell off was completely neutralised and once again the focus has shifted back to the critical 5175-5200 zone. It is always important to keep an eye on where we are in the larger trend. So, here goes: We already know that in the medium term the bearish trend does not have a problem as long […]
Nifty(5139): Tuesday’s sell off was completely neutralised and once again the focus has shifted back to the critical 5175-5200 zone. It is always important to keep an eye on where we are in the larger trend. So, here goes: We already know that in the medium term the bearish trend does not have a problem as long […]
Nifty(5132): The short-term divergences in the charts are getting more pronounced. This is analogous to an auto mobile continuing on its path without fuel but on residual motion. I can also count a small degree wave 5 that is nearing completion. Volume footprint tells us that the area of 5090 and 5070 is very crucial and […]
Nifty(5132): The short-term divergences in the charts are getting more pronounced. This is analogous to an auto mobile continuing on its path without fuel but on residual motion. I can also count a small degree wave 5 that is nearing completion. Volume footprint tells us that the area of 5090 and 5070 is very crucial and […]
Inter-market analysis provides an extra dimension to technical analysis – the peripheral vision and the backdrop in which we are operating. Here is one such inter-market factor. To me this is pretty much like looking at the charts of the Baltic Dry Index. Over the last few weeks if you have been left wondering if the markets […]
Inter-market analysis provides an extra dimension to technical analysis – the peripheral vision and the backdrop in which we are operating. Here is one such inter-market factor. To me this is pretty much like looking at the charts of the Baltic Dry Index. Over the last few weeks if you have been left wondering if the markets […]
Nifty(5077): Nifty opened near the high of the day but ended right near lows of the day. Was that the end of the corrective rise? Possibly. The next couple of sessions are going throw some vital clues. The intraday chart for Nifty is shown below: We can see very clear divergence between the price at […]
The bearish signals that came through on Wednesday were rendered void yesterday by the strong up-move yesterday. This is exactly why we never pre-empt the market. It has always paid well to wait for the breach for the previous days low (or the previous days high in a bullish case). If you did notice, Wipro was […]