NIFTY

Nifty

Nifty Update & Potential Setup in Bank Nifty

Since our last update Nifty has not been able to break the trend channel on either side, but has managed to briefly touch a high above the Sept 2016 highs. Same has been the case with Bank Nifty. The recent rally though has not been able to test the upper […]

nifty budget expectations

Nifty Wave Count(s) & Union Budget Strategy

Nifty fell from a key level outlined by us, but failed to develop an impulse move to the downside. This resulted in a major rally that may have substantial implications. Below is a probable wave count for the fall since September. We were considering this to be a low probability […]

Nifty RSI

Nifty: A pattern in RSI

Relative Strength Index or RSI is a very well known technical indicator known to almost everyone. This is thanks to it being quoted very often in mainstream media. One reason why retail investors like this indicator is because it is easy to use it as a thumb rule. As investopedia puts it: “RSI […]

2017 Financial Markets Forecast

2017 Financial Markets Forecast

Around this time last year as well, the US Fed hiked interest rates. At the time they expected 4 more rate hikes over the year. We had grave doubts over this hawkish commentary materializing, simply because the pattern in interest rate yield charts didn’t support the view, and yet this […]

Nifty

Nifty Update

Since our last update Nifty has seen a sharp fall and markets have traveled from 8600 levels to close to 7900 levels. We have seen some kind of a relief rally over the last 3 sessions. Chart Below: We will continue to remain skeptical of this rally, though Nifty can […]

Nifty

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 […]

nifty

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 […]

nifty

Nifty Update

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

Nifty Update

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

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 […]