The current market cycle looks eerily similar to the 2005 - 2010 era.
Dow started going up after the last rate hike in expectation of a rate cut and eventually peaked around the time the cut started i.e. Sep 2007.
Very similar behaviour is evident in current cycle where market has been rising since the last rate hike. If the Fed cut is expected in June 2024, then...
Bank nifty traded in a range between 46000 to 45600 today buyers were holding support but no momemtum from buyers end today tried twice to break 46000 but failed!
Major support at 45600 if breaks tomorrow seller can take it to 45300 addtion to that banknifty was showing weakness after 2 pm today & traded below trendline support.
Buyer can show momentum above...
Nifty Weekly Expiry Analysis
Between the last expiry and today, Nifty has accumulated 299pts ~ 1.59% points. Most importantly it has broken away from the crucial support of 18880. As it stands Nifty is below the resistance of 19310 - but with the momentum it has gathered, seems like it will get tested this weekly series.
Nifty Today’s Analysis
Recap from...
Nifty Analysis
Recap from yesterday: “Since we retraced the 38.2% level of 19226 today and the reluctance to go up might be confidence-building for the bears. Also the 23.6% level forms a base for further movements. The issue is that we cannot go outright bearish now, we need further proof of that. Ideally, the 18880 support has to be taken out and that too pretty...
A weekly Flag and Pole Pattern is Visible on the Weekly charts of $NSE:FEDERALBNK. One can create a fresh position on Federal Bank around the CMP of Rs,. 136 or below with a stop loss of Rs. 120 for targets of 151/166/181
Exit the position if the stop loss is triggered on WCB.
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#NIFTY50
GLOBAL : Global market is underconsolidation mode and next directional move will come after Fed Minutes.
INDIAN : Today market will be in consolidation mode, further aggressive move will happen after the outcome of Fed Minutes.
18000 will act as an strong support for nifty for this week.!
PCR : 2.28 at 18000.
Nifty is stuck in a range of 16400-15700 since the past 2 weeks. Yesterday it managed to test the top of the range but failed to give any significant breakout giving a chance for bears to take control again. With so many macro economic pressure's mounting it will be interesting so see how Nifty will react. I believe that the range will continue for the month of...
Gold extends a fortnight-long recovery to stay comfortably beyond the 200-SMA and a horizontal area from early January. The run-up joins bullish MACD signals to suggest further upside but the overbought RSI line pushes buyers to remain cautious until witnessing sustained trading above $1,830. In addition to the key hurdle, gold traders should also keep their eyes...
Dow Jones Price Action Momentum for Feb to March Cycle.
As we all know markets has been lit volatile in last 10 days post 15 th January on account of interest rate hike and Fed meeting outcome.
To clear the doubts- I have tried to show the momentum which may happen with the markets based on price action of the Dow Jones.
The last time Fed tapered was December 2013 and the stock market had a quick correction then went on to make new highs. I don’t see why this time should be any different. (2013 chart below)
the Fed raises rates, the stock market tanks, hurting the economy. If the Fed doesn’t raise rates, inflation spikes, hurting the economy. So both the scenarios are possible....
Federal Bank has been trading into the triangle channel pattern for the past 2 - 3 months and now it has broken the pattern. In the chart I have mentioned the entry, stop loss and targets.
Two ways that the stock can move up.
1)Stock can move with retracements
2)If the buyers are huge stock can move violently upwards.
caution - Trade with stop loss.
Happy...
Nifty Index known as NSE or Nifty50 has or is experiencing a big breakout out if its much-expected consolidation phase. This is a big breakout is big because the market has become resilient to the Federal Reserve's decision to begin taper from November. If the Nifty50 index continues to hold above 17,620 it can well top 18K! Long positions should be made, do not...
The Canadian dollar is steady in Friday trade, after sustaining considerable losses a day earlier. In the North American session, USD/CAD is trading at 1.2118, up 0.11% on the day.
The US dollar was broadly higher on Thursday, as the Fed surprised the markets when it announced that it will begin to scale back its portfolio. The Fed ended its purchase of...
