NIFTY: "The Beast"
Animal spirits leads the life one of adventure and evolution. The beast in the mind. Tesla unveils first time on X, the Beast.
While we talk of the beast, debate on inflation vs deflation will rage on. Enough space to start a debate. China continues to obey gravity and chooses the Earth in term of anything but optimistic projections. Japan 2 Y goes back to "Zero"
Beast is also a sign that we see in euphoric markets when FOMO surrounds one and all. Today there are no contrary opinion on the Indian Equity market, or those we dont see them. There were calls couple of months back, they all have become meme's now.
The clues this morning, are to the negative, one has to wait and see how they unfold. Clearly 22100 plus is not a sustainable one in the near term. The rally is led by the Large Cap.
In term of probabilistic oscillator that is the RSI and the volatility one that is the DMI both are near or around the zone of overbought. Leave the cream to the maid looks an apt one. When MOUs have become the order book, when headlines become the bottom lines, when efforts to cut the costs are seen as solutions than problems, time to take some bets off in those places where they have exceeded the extreme targets.
For the day shorts stops 22160 for move towards 21980 is what is better RR.
While we talk of the beast, debate on inflation vs deflation will rage on. Enough space to start a debate. China continues to obey gravity and chooses the Earth in term of anything but optimistic projections. Japan 2 Y goes back to "Zero"
Beast is also a sign that we see in euphoric markets when FOMO surrounds one and all. Today there are no contrary opinion on the Indian Equity market, or those we dont see them. There were calls couple of months back, they all have become meme's now.
The clues this morning, are to the negative, one has to wait and see how they unfold. Clearly 22100 plus is not a sustainable one in the near term. The rally is led by the Large Cap.
In term of probabilistic oscillator that is the RSI and the volatility one that is the DMI both are near or around the zone of overbought. Leave the cream to the maid looks an apt one. When MOUs have become the order book, when headlines become the bottom lines, when efforts to cut the costs are seen as solutions than problems, time to take some bets off in those places where they have exceeded the extreme targets.
For the day shorts stops 22160 for move towards 21980 is what is better RR.
TA Primer ping me on +96895753093 +918106170817 details @sribhashyam65 twitter handle
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