Nifty – Quick post
Just a quick chart check. If the sub-divisions marked are correct, we should see 4750-20 get breached soon, may be as early as this week. For medium to long-term please check the September and August post.
Research
Nifty, INR and Dollar Index
Some of you have requested my short term view on Nifty and here goes. The upward correction that started from 4720 saw some serious selling pressure on Friday. It is possible that this correction may have ended as per the red scenario and a new low may be coming. Alternately, the upward correction may have […]
Pressure points for Nifty
I’m posting this update on Nifty from my holiday spot in Bangkok, so this will be short. On the charts above, note those small violet squares (you may want to click on the chart for a zoom) that mark the swing highs and lows. This is how waves progress, each move moving beyond the extremes […]
NSE Nifty : The bullish and the bearish possibilities
The Nifty has been in the range of 5600 to 5400 for the sixth week and has kept everyone guessing as to which way the range would resolve. As a good trader, one needs constantly play devil’s advocate to your own views. So, here are the charts that present both the bullish and the bearish […]
What next for the Nifty?
The 2.3% bump UP for the Nifty on Friday was quite smooth and brought a lot of cheer on the streets but the CRITICAL 5690 level still remains unconquered. Given the smart rise of the previous week, it may not seem formidable after all. Nevertheless, we will have to wait and see what the market […]
Indian stocks begin their next leg of decline
The relief rally for the Nifty that began from the lows of February 11th, ended today with a strong reversal bar. As can be seen from the chart below, today’s price action shows a rejection of the early highs and sellers have overpowered the buying pressure of the previous day too. This bearish outside day is […]
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 […]
Red Alert: Five Charts and their implications
A couple of weeks back I had posted a note on my own derived indicator and highlighted how important it was for the indicator to hold above the previous trough. On Friday, this indicator dipped below the previous trough on a closing basis and has warned that the Indian markets have probably peaked and a […]
From out-performance to under-performance
Nifty is now the second worst performer amongst its Asian peers (taking USD into account) only behind the Philippines Index. In absolute terms, at the third place behind Philippines and China. Although on a quarterly/half yearly and Annually the Indian Indices are scoring handsome gains, what a swift reversal in performance! Anybody there who does […]