Author: Yash
Nifty rallies by 300 points on our call. Detailed Analysis
In our last post on Nifty we said: “The price developments so far are positive. They appear to be impulsive in nature and not corrective. This is a very positive development and odds remain high that we may have in place a medium to long term bottom. The markets though may enter […]
Gold: Not even 2 months and here we stand
Our mid-December Gold report clearly laid out what was coming for the commodity in 2016. In what looked like an unlikely rally to most, it has rallied 5% since. So far the story has worked out as we expected. But now comes the real test for Gold prices as it reaches […]
Nifty jumps by 300 points on our call. What now?
Nifty rallied in accordance with our buy call issued on 20th January evening. It managed hit our target zone of 7580-7630. In due course, we will issue a supplementary report on our 2oth January call in order to outline an unlikely sentiment indicator that was also flashing buy at the time. […]
Nifty, Gold, U.S. yields technicals & Fed meeting
Our 21st January market end report pointed out to a reversal in the market with an immediate price target of 7580-7630 for the ending diagonal pattern. The trade is currently in play. Meanwhile we present a medium term chart outlining a high probability wave count for the correction this market […]
Nifty IT Index presents a long term opportunity
While our last update on Nifty dealt with a new probable trend emerging in the stock markets, the trend we are seeing in Nifty IT index in all probability will be stronger. On a relative basis this new trend is likely to continue and if it does it would only […]
Nifty: Possibly Ending diagonal pattern completion today
Nifty opened gap down 80 points and ended sharply lower today down by over 1.5%. At one point it was trading down close to 200 points, but ended up recovering some losses by the day end. We have been tracking this pattern for few days now, but this pattern requires […]
Market Crash: Is this like 2008 all over again?
With respect to Nifty’s fall, a lot of comparison is being drawn to the kind of crash we saw in 2008. So we decided to pick up the monthly chart to actually compare this fall with what we saw in 2008 and a later correction we witnessed in 2010-11. Chart […]
Indian Equities: Right time to start building your portfolio
Our last short term update on 12th January read: “Nifty opened lower yesterday and has managed to close the opening gap formed yesterday. Markets managed to bounce from 7494. The price structure looks corrective, but considering the volatility we recommend getting out of your short trades if markets cross 7633. […]
Nifty Short term Update
Short term Update Nifty opened lower yesterday and has managed to close the opening gap formed yesterday. Markets managed to bounce from 7494. The price structure looks corrective, but considering the volatility we recommend getting out of your short trades if markets cross 7633. The shorts can continue to target […]
Nifty: Potential for further fall but has strong support to break
The swiftness of Nifty move anticipated in our last report played out well, with global markets extending further sell out. The swiftness of the move and increased volatility means it would get increasingly harder to trade these moves. The gap down like these only further adds to the confusion, as […]
