Nifty panic selling & sharp recovery
Nifty panic selling & sharp recovery seen after Trump Election & Modi’s action on Black Money is reminiscent of the price action we saw immediately after Brexit panic. This should incline us to consider this move positively. However there are many other red flags that require us to treat this […]
PM Modi’s surgical strike on black money
There is no doubt that the latest move on black money by PM Modi has to be lauded for its intent. But once the dust settles on the moral euphoria, we should realize that there may be major side-effects to this move. It is estimated that India has a parallel economy […]
Nifty & Sensex: Is FBI Director Comey behind all the movement
On 28th October FBI Director Comey wrote to the U.S. Congress that FBI is re-opening investigation into Clinton’s use of private email server. A potentially damaging news for the presidential candidate. Stock market’s fall was widely attributed to this “news”, and yet thousands of miles away we had forewarned of […]
Our last Nifty Update mentioned: “8488-8530 may be able to provide crucial support to the markets if another leg of the fall materializes” Nifty made a low of 8506 around 17-October and posted a rally that carried it to 8736 levels. We also indicated that our top most scenario suggested we won’t […]
Nifty witnessed an unexpected sharp fall on 13th October. In the process Nifty briefly fell below the 8570-8600 zone and has been trading in the zone since. In spite of the sharp fall, the broader price action witnessed so far is indicating that this fall is probably a correction in the otherwise bullish […]
Nifty: Encouraging Signs: A new normal in offing for Indo-Pak?
Nifty crashed in accordance with our outlook and has taken support around the important 8570-8600 zone mentioned in our previous post. The subsequent rally on Monday is encouraging. The Indo Pak relationship meanwhile has hit a new low. It remains to be seen if we are in for a new normal […]
Nifty: The short term trend channel you should observe
On Thursday Nifty created another gap thanks to a gap up opening. This gap ended up being closed as well by Friday. This gap creation at open and subsequent close has been the prime characteristic of the market since a couple of weeks. This has also meant that the market […]
Nifty: A tale of two Gaps
Nifty broke below the crucial 8720 level and made a low of 8688. Since then Nifty has rallied to 8846 before reversing sharply. In this process it created two Gaps as shown in the chart below: The rally on Friday attempted to fill the Gap 1 but failed, instead ending […]
Nifty reaches crucial level with a delay. Now what?
In our last post on Nifty we pointed to a possible sentiment extreme in the markets, though we needed the market to move below the crucial support of 8866. We were anticipating it to reach this level earlier than it actually did in order for a substantial correction to materialize. […]
Nifty & Sensex: #Sensex trends on twitter. What now?
Nifty rallied from our crucial support of 8540 and hit our target of 8800 last week. Early this week the momentum seems to have continued. At the time of writing this article markets are trading close to the T1 trend line. The volumes so far are tepid which may warn towards […]