Akshay15

Akshay15

Bank nifty is moving into downward sloping channel & is trading at the lower end of it so shorting here doesn't make sense short on bounce as we are seeing continues selling by FII's in cash market.

Akshay15

Nifty has fallen 250 points over last few sessions but ROC has managed to stay above it's Moving Average on daily chart But on weekly the picture is pretty scary so we might get some pullback from here but one should be selling into it as medium term trend is weak we might get some pullback looking at daily chart.

Akshay15 Updated 

This is follow up article to my previous 2 articles on biocon. 1)Today it has broken it's trend line support. 2)On weekly chart there is Bearish Engulfing pattern. 3)The stock is already up 100% in 8 months on weekly chart it looks like parabolic move. 4)I have been reading on moneycontrol most analyst are recommending Buy on Biocon. Let me know your thoughts if any,

Akshay15

This fooling around rally happening in biocon should fade & stock would correct severly in next few months.

Akshay15 Updated 

Looking at the weekly chart it looks rally is tiring itself & there is huge loss of momentum in BIOCON as ROC dropped pretty sharply. Stock can face serious correction going ahead.

Akshay15

Looking at the structure of Wipro it looks like stock will skyrocket anytime.

Akshay15

J kumar infra has broken down trend line of past almost one year this can really trigger a big rally in the stock if it fails stop loss is very near but the reward is too big.

Akshay15

Fundamentally it probably make no sense to buy Euro but looking at divergence in ROC & price it looks like euro will move up from here the move can be very short term or long term i have no clue about it, but if we look in the past history data it gave really good calls.

Akshay15

Since Nov 30 dollar index has moved up where as it's 25 day ROC went down. Looking at the chart it seems serious divergence & $ can correct from here against basket of other currencies. I prefer going long on Euro particular from here.

Akshay15

Barron magazine recently published an article stating Dow @20000 & beyond, that is first warning sign that Top is near. Also notice momentum is fading (ROC) did not respond by making new high while Dow made new high. So going short looks very attractive here.

Akshay15

Nifty has collapsed to 8100 but Tech Mahindra is where it is it didn't went down further. There is double bottom formation on weekly chart, USDINR is also likely to be volatile with upward bias. so buying IT looks good here

Akshay15

ROC(25 days) shows that up move in the dollar is about to come to an end (at least for next few days) so shorting dollar against Japanese Yen & Euro looks good trade here.

Akshay15

With nifty put call ratio near 0.79 & it is near support levels you can expect a decent bounce till the upper end of the channel

Akshay15

$ looks strong against basket of currencies but rupee seems resilient i am looking to buy near that trend line support.

Akshay15

It seems like EURJPY is likely to go up from here after breaking out of eight month down trend line breakout.