It seems like either investors are not in good mood or they’re so cautious about upcoming news flows. Nifty reflected the bearish sentiment precisely, when it fell from 7500 – exactly 2 hours before the market close. Shares fell more than 1 percent; it’s a biggest daily decline since last 2 weeks. From the perspective […]
Nifty Daily technical analysis – Starts the week with a negative bias Read More »
The beauty of swing analysis lies in simplification of complex and chaotic price action. Gold is a recent example of this hypothetical claim. Between mid Jan and early Feb, Market structure in gold completed a bullish breakout pattern, especially after the retest at key level 1080.00. The price action is so subtle and chances are
Gold had a bullish breakout, will it continue or fail Read More »
The slumping price of USD/INR and an expansive budget will probably prevent Indian central bank Governor Raghuram Rajan from cutting interest rates on Tuesday. Rupee’s 2.3 percent loss this year, risks worsening inflation if Prime Minister Narendra Modi cuts stimulus spending rather than subsidies. The fiscal and inflation risks could feed into and worsen the
How USD/INR might Influence upcoming RBI’s decision Read More »
Price action is getting trickier in Nifty and becoming harder to extract the information. This seems like the game of algorithms to trap the bulls. Back in my institutional days, we call these kind of movements as “pool hunting”. As the name implies, these price action moves happen in order to trick smart traders into
Nifty Short term Technical analysis EOD – January 18, 2016 Read More »
Chart illustrates some of my observation, which is marked by numbers. As some of my clients already know that, Nifty is in a Long term bearish corrective structure. This Price action analysis represents the short-term development of nifty in 1 hr chart, especially around structural level 7450.00. It’s also my first technical analysis update in
Nifty Technical Analysis – Buying pressure holding the clutch at 7450.00 Read More »