NIFTYBANK: "Quant" Jump!
Looks a day of down. Cues are neutral to negative.
Lots of whispers and noise around the GST and budget proposals.
Then there are concerns on some funds doing the front running, what is new. These things do happen all the time, at the height of the bull markets. This time is different.
When chasing becomes the only art and not valuation and markets continue move one way, even the professionals through their wisdom tool and engage in them, all part of the cycles if one were to believe.
Nothing much on rates, inflation or the liquidity, the concerns shift to political and economic than the liquidity or the cost of liquidity globally.
Rates cut don't end in the higher markets and they actually signify the issues underneath.
We are navigating neither, and the optimism is completely of different kind.
Nifty bank after piercing the upward channel moved above and that is the support now.
Any surprise break below 51200 would push some more, 50800 kind off but ideally that should hold.
Continue to flag the corrective pause than a top.
supports 51350-51150-50930
Supply 51750-51880-52000
Lots of whispers and noise around the GST and budget proposals.
Then there are concerns on some funds doing the front running, what is new. These things do happen all the time, at the height of the bull markets. This time is different.
When chasing becomes the only art and not valuation and markets continue move one way, even the professionals through their wisdom tool and engage in them, all part of the cycles if one were to believe.
Nothing much on rates, inflation or the liquidity, the concerns shift to political and economic than the liquidity or the cost of liquidity globally.
Rates cut don't end in the higher markets and they actually signify the issues underneath.
We are navigating neither, and the optimism is completely of different kind.
Nifty bank after piercing the upward channel moved above and that is the support now.
Any surprise break below 51200 would push some more, 50800 kind off but ideally that should hold.
Continue to flag the corrective pause than a top.
supports 51350-51150-50930
Supply 51750-51880-52000
TA Primer ping me on +96895753093 +918106170817 details @sribhashyam65 twitter handle
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