November 17, 2018
November 16, 2018
Only the close matters
What markets do during the day is meaningless. Where markets end the day is all that matters. Don't get sucked in with intraday stops.— Peter Brandt (@PeterLBrandt) November 16, 2018
Expanding triangle on NIFTY hourly charts
- upper trendline is giving stiff resistance at higher levels
- in last 8-10 days, NF has not gained 100 points peak to peak.
- will lower trendline be tested once more?
- if yes, then correction possible to 10400 levels.
- in last 8-10 days, NF has not gained 100 points peak to peak.
- will lower trendline be tested once more?
- if yes, then correction possible to 10400 levels.
Market outlook
Daily charts:
- trend is down on daily charts
- today NF closed 0.6% in positive at 10682
- AD was negative at 7:10
- option writing support 10000
- trend is down on daily charts
- today NF closed 0.6% in positive at 10682
- AD was negative at 7:10
- option writing support 10000
S Gurumurthy' view on banking and economy are very scary
.@RBI Board member @sgurumurthy speaks ahead of crucial board meet, says liquidity problem could be handled if power to print currency was in Govt’s hands pic.twitter.com/us7dqGmyho— CNBC-TV18 (@CNBCTV18Live) November 15, 2018
November 15, 2018
Market outlook
Daily charts:
- trend is down on daily charts
- today NF closed 0.4% in positive at 10617
- AD was negative at 7:10
- option writing support 10000
- big addition in 10600 PE
- trend is down on daily charts
- today NF closed 0.4% in positive at 10617
- AD was negative at 7:10
- option writing support 10000
- big addition in 10600 PE
November 14, 2018
Market outlook
Daily charts:
- trend is down on daily charts
- today NF closed flat at 10576
- AD was flat
- region of 1600-10700 is offering stiff resistance
- option writing support 10000
- trend is down on daily charts
- today NF closed flat at 10576
- AD was flat
- region of 1600-10700 is offering stiff resistance
- option writing support 10000
November 13, 2018
Market outlook
Daily charts:
- trend is down on daily charts
- today markets opened gap down but closed 1% in positive
- "bullish piercing" formation seen
- AD was flat
- VIX down 5%
- option writing support 10000
- trend is down on daily charts
- today markets opened gap down but closed 1% in positive
- "bullish piercing" formation seen
- AD was flat
- VIX down 5%
- option writing support 10000
The Moody’s curse on the Indian economy
Almost a year ago, ratings company Moody’s Investors Service Inc. upgraded India’s sovereign debt rating, making India only the second large emerging market (among emerging markets in the G20 group of economies) to have improved its rating in the past five years. Since then, only one more major economy, Argentina, has been upgraded by Moody’s while two others— Turkey and Italy—have been downgraded.
India, meanwhile, has witnessed a massive exodus of foreign investors since the upgrade. According to data sourced from the Institute of International Finance Inc. (IIF), India has witnessed the sharpest non-resident portfolio outflows (equities and debt combined) among major emerging market (EM) economies over the past year.
Read more at https://www.livemint.com/Politics/cDK6jVFWU1QlvcJfBffl1N/The-Moodys-curse-on-the-Indian-economy.html
India, meanwhile, has witnessed a massive exodus of foreign investors since the upgrade. According to data sourced from the Institute of International Finance Inc. (IIF), India has witnessed the sharpest non-resident portfolio outflows (equities and debt combined) among major emerging market (EM) economies over the past year.
Read more at https://www.livemint.com/Politics/cDK6jVFWU1QlvcJfBffl1N/The-Moodys-curse-on-the-Indian-economy.html
Bearish H&S on S&P 500 on weekly charts?
- right shoulder is being formed
- problems only if 2600 breaks
- problems only if 2600 breaks
Goldman's 'bear market risk indicator' signals returns will be zero the next 12 months
Goldman Sachs's bear market prediction tool is at an "elevated" level that has historically signaled a zero average return over the next 12 months and a "substantial" risk of drawdown.
Goldman's bear market indicator — which takes into account the unemployment rate, manufacturing data, core inflation, the term structure of the yield curve and stock valuation based on the Shiller PE ratio — is at a rare 73 percent, its highest level since the late 1960s and early 1970s.
The indicator is "flashing red," wrote Goldman chief global equity strategist Peter Oppenheimer. "Historically, when the Indicator rises above 60 percent it is a good signal to investors to turn cautious, or at the very least recognize that a correction followed by a rally is more likely to be followed by a bear market than when these indicators are low."
Read more at https://www.cnbc.com/2018/11/12/goldmans-bear-market-indicator-shows-zero-returns-over-next-year.html
Goldman's bear market indicator — which takes into account the unemployment rate, manufacturing data, core inflation, the term structure of the yield curve and stock valuation based on the Shiller PE ratio — is at a rare 73 percent, its highest level since the late 1960s and early 1970s.
The indicator is "flashing red," wrote Goldman chief global equity strategist Peter Oppenheimer. "Historically, when the Indicator rises above 60 percent it is a good signal to investors to turn cautious, or at the very least recognize that a correction followed by a rally is more likely to be followed by a bear market than when these indicators are low."
Read more at https://www.cnbc.com/2018/11/12/goldmans-bear-market-indicator-shows-zero-returns-over-next-year.html
Inverted H&S on S&P 500 on daily charts?
- neckline drawn
- difficult to draw arcs or curves to show the rest of H&S
- difficult to draw arcs or curves to show the rest of H&S
November 12, 2018
FnO stocks
Long build up:
CUMMINSIND-fut - DHFL-fut - MGL-fut - NIITTECH-fut - REPCOHOME-fut - TATASTEEL-FUT - WOCKPHARMA-fut -
Long unwinding:
BANKINDIA-FUT - BATAINDIA-fut - BPCL-FUT - DIVISLAB-FUT - HCC-fut - HEXAWARE-fut - HINDALCO-FUT - JUSTDIAL-fut - ORIENTBANK-FUT - PCJEWELLER-fut - RECLTD-FUT - TATAMOTORS-FUT -
Short build up:
DALMIABHA-fut - DCBBANK-fut - GSFC-fut - HINDPETRO-FUT - JINDALSTEL-FUT - RELINFRA-FUT - SIEMENS-FUT - TATAELXSI-fut - VEDL-fut -
Short covering:
BALKRISIND-fut - KOTAKBANK-FUT - TATAGLOBAL-fut -
CUMMINSIND-fut - DHFL-fut - MGL-fut - NIITTECH-fut - REPCOHOME-fut - TATASTEEL-FUT - WOCKPHARMA-fut -
Long unwinding:
BANKINDIA-FUT - BATAINDIA-fut - BPCL-FUT - DIVISLAB-FUT - HCC-fut - HEXAWARE-fut - HINDALCO-FUT - JUSTDIAL-fut - ORIENTBANK-FUT - PCJEWELLER-fut - RECLTD-FUT - TATAMOTORS-FUT -
Short build up:
DALMIABHA-fut - DCBBANK-fut - GSFC-fut - HINDPETRO-FUT - JINDALSTEL-FUT - RELINFRA-FUT - SIEMENS-FUT - TATAELXSI-fut - VEDL-fut -
Short covering:
BALKRISIND-fut - KOTAKBANK-FUT - TATAGLOBAL-fut -
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