ADANIGREEN
June 19, 2020
June 18, 2020
NIFTY EOD charts
- nifty is trading in range between 9500 and 10500
- today nifty closed 2% in positive at 10091
- AD was 3:1
- VIX dropped 5% to 32
June 17, 2020
NIFTY intraday charts
5 min charts:
- rangebound day
- nifty failed to sustain above first hour high
- big no 10000 provided strong resistance
15 min charts:
- no signal today
NIFTY EOD charts
- markets rangebound between 9500 and 10500
- today nifty closed 0.3% in negative at 9881
- AD was 5:4
- trading range was 170 points
- 2 days hammer action did not lead to any buying
- it was more of sell on any bounce
- tomorrow is weekly options expiry
- expiry likely to be below 10000
June 16, 2020
Market outlook
Daily charts:
- market rangebound between 9500 and 10500
- today markets opened gap up and sold off immediately
- at one point, markets were in negative
- intraday trading range was 300+ points
- close was 1% in positive at 9914
- AD was 4:5
- we have hammer formation for 2nd consecutive day
- in a rising market, hammers are a problem as they show selling
- on weekly we have a huge hammer or a hanging man
Global Equities Could Be Topping Out Again
The intensity of the downside follow-through after this reversal occurs typically provides some insight into whether it marked a short-term top or is the beginning of something much more significant. The ability of buyers to reclaim control and close that gap quickly, however, would be a data point that reaffirms the uptrend’s strength.
And so the point of explaining all this is because we’re seeing this pattern play out in several indexes around the world, including the Nasdaq 100. Given it incorporates all three of the factors that Equity investors have favored for years: US Stocks, Mega/Large-Cap Stocks, and Growth Stocks…all in one liquid, investable index, it’s no surprise that it was the first to make new all-time highs.
The problem is, in addition to the short-term island reversal in the index, it also closed the week below its February highs…opening up the potential for this to turn into a major failed breakout. The line in the sand is 9,725. Below that level, there’s potential for bad things to happen.
June 15, 2020
June 13, 2020
June 3, 2020
Market outlook
Due to some problems with blogger, I am posting my comments as a single thread in twitter.
Link for today's post is https://twitter.com/vfmdirect/status/1268182013456113664
If this works well, I will post everything in twitter and stop using blogger.
My twitter address is https://twitter.com/vfmdirect
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June 2, 2020
Buy signal on NIFTY index
- signal on kplswing indicator
- the last 2 signals (long and short) failed
- this signal will fail on close below 9500 or trailing 5 bar low
- whatever indicator you use, expect this to fail half the time
- so keep SL tight and let positions run as long as possible
June 1, 2020
Market outlook
Daily charts:
- nifty is trading sideways and is now at upper end of trading range
- today nifty opened gapup and closed 2.6% in positive at 9826
- AD was 5:1
- good level for contra traders to be short
- you are very close to SL (10000)
- I am not a positional trader in nifty
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