NIFTY: In Neck!
The fall did materialise, the close tad in the green.
In neck pattern is the shortened version of the bullish piercing or the dark cloud pattern if it appears from above.
While the double bearish engulfing is still in operation, the in neck suggests that the bull's have not made a stronger impact. In sum, bears did in the end held the edge.
On the contrary 23600 acts as the point of liberation for the bulls to assert.
Nifty bank is not indicating any U turn, the damage or the fall can be from other sectors.
FED Officials and BOC officials' comments though indicate the path of softer inflation path, the clear message is they cannot relax and ensure the JOB is done. In other words, it is period of verbal moves than actual actions.
USDJPY continues to gyrate, no ground ceded yet. 20 YR JGB auction later in the day, (in another 30 Minutes).
Canda Inflation, some regional Manufacturing Indexes from US ahead, else not much to hold on.
Quarterly and Monthly expiry to drive than otherwise.
Supports 23480-23430-23380-23300
Supply 23580-23610-23650
In neck pattern is the shortened version of the bullish piercing or the dark cloud pattern if it appears from above.
While the double bearish engulfing is still in operation, the in neck suggests that the bull's have not made a stronger impact. In sum, bears did in the end held the edge.
On the contrary 23600 acts as the point of liberation for the bulls to assert.
Nifty bank is not indicating any U turn, the damage or the fall can be from other sectors.
FED Officials and BOC officials' comments though indicate the path of softer inflation path, the clear message is they cannot relax and ensure the JOB is done. In other words, it is period of verbal moves than actual actions.
USDJPY continues to gyrate, no ground ceded yet. 20 YR JGB auction later in the day, (in another 30 Minutes).
Canda Inflation, some regional Manufacturing Indexes from US ahead, else not much to hold on.
Quarterly and Monthly expiry to drive than otherwise.
Supports 23480-23430-23380-23300
Supply 23580-23610-23650
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