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U.S. Dollar Index (DXY) at crucial point. What's the next move ?The U.S. dollar index (USDX) is a measure of the value of the U.S. dollar relative to a basket of foreign currencies. The USDX was established by the U.S. Federal Reserve in 1973 after the dissolution of the Bretton Woods Agreement. It is now maintained by ICE Data Indices, a subsidiary of the Intercontinental Exchange (ICE). The index is currently calculated by factoring in the exchange rates of six foreign currencies, which include the euro (EUR), Japanese yen (JPY), Canadian dollar (CAD), British pound (GBP), Swedish krona (SEK), and Swiss franc (CHF). The Dollar index also impacts the inflationary trend in India. Though the Indian Rupee is not included in the index, changes in the dollar's index relative to other currencies have an impact on the Indian economy. An increase in the Dollar index makes the dollar strong and depreciates the value of the INR. A weakened rupee makes imports costlier and impacts India Inc.’s profitability due to increased production costs. Increased costs lead to inflation, and the prices of goods and services rise, much to the detriment of consumers. Thus, the overall GDP (Gross Domestic Product) is impacted and suffers a slowdown when the dollar strengthens. * 15 Year cycle is progressing. * Trading withing rising channel. * Arc 1 breakout around July, 2014. * Arc 2 breakout around March, 2022. * Trading near it's resistance (Resistance 5).
TVC:DXY
by MandeepSinghKohli
3
Target 1 achieved in Nifty Infra. Gain of 40% Target 2 is ON.This is follow-up on Nifty Infra. Can check link to related ideas. Target 1 achieved. Gain of more than 40%. Target 2 is ON. Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:CNXINFRALong
by MandeepSinghKohli
2
Morning Mantra, 10th March 2022Good Morning! Finally, just as we had predicted, Nifty did take a beautiful bounce back from its predicted support level of 15850, and thereafter has successfully given us a closing of above 16200, which is definitely a good sign. However, Today will be a crucial day, as we would require a consistent and a stable closing of above 16200 from Nifty for 2 more days (i.e., Today and Tomorrow). In the Meanwhile, Stay Stock Specific and continue following the Cherry Picking Strategy, as of now. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
Morning Mantra, 9th December 2021Good Morning! Finally, yesterday we were able to witness a wonderful closing of above 17360 in Nifty. However, the danger hasn’t subsided till yet, since just like 2nd December 2021, Nifty has once again made a high of around 17480 approx. Which in turn is still a matter of concern. Moreover, we can state that if Today Nifty manages to sustain above the level of 17454, during the first 2 hours, then we might get to witness Nifty at 17800 very soon. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
SENSEX ANALYSISThis is the monthly chart of Sensex. A trendline is seen right from 2008; and current trend (from dec 2020) is taking support from this trendline. Also, current level is facing resistance from a crucial psychological barrier, which is the ATH (All time high) of sensex; 52537.89. This barrier is also a resistance point according to the Fibonacci levels. Sustainment (on closing basis) above 52537.89 can lead to a big bullish move in this index, touching approx 60,000 in a year or so. FOLLOW IF YOU LIKE THE ANALYSIS LIKE AND COMMENT WHAT YOU THINK ABOUT THIS
BSE:SENSEX
by Keshav2329
NIFTY analysis for 31 MayThe SGX is 40 odd points down, so expect a gap down opening. The US markets did not give a great closing, (rallied in the session but closed around previous day's close.) India VIX is below 18, meaning the fear of a big crash has abated. Bullish Scenario: The market may gap down, test yesterday's low (15390), and move higher or stay range bound through the day. Bearish Scenario: The market opens gap down, tests the 15435 level or yesterday's high 15470, and comes crashing down to 15335 level and takes support.
NSE:NIFTYLong
by raavigeorgian
Is it time to be cautious on NIFTY?Some conflicting signals: India VIX has been closing below 20(good sign), occasionally giving a spike scare then abating within the session. Not much buying seen from FIIs/DIIs. In fact the FIIs sold 660Cr and DIIs bought only 112Cr. Yet market closed marginally in green. Is the market being kept afloat for a while? The RSI divergence can be easily noticed on the charts. The NIFTY Futures relative strength against NIFTY has been in a constant decline for four sessions. Nifty is forming a Rounding bottom pattern, but the volumes have been on a continuous decline. (Ideally the volumes should expand while the price approaches the breakout point.) The leading sectors (Metals, Pharma, IT) are not really moving (market breadth wise). We are seeing a lot of failed breakouts. A hard penny environment. The NIFTY looks like a stronger index vis-a-vis S&P500 on Relative Strength. But are we really seeing strength in the broader market?
NSE:NIFTY1!
by raavigeorgian
2
NIFTY Support & ResistanceNifty halted through the first two resistance lines on the recovery path but slashed through the last two as if they never existed. This is parabolic up move on weekly chart and this is initiated by the flows from FIIs. Eventually a profit booking week is going to come and that will be mostly the third or fourth week of Dec. Another round of up move will be fueled by the Majors such as Reliance and TCS who have been getting the beatings for last couple of weeks while the banks shone all over the index. Keep a cautious tone on Financials and Autos and look for profit booking. Look for good rally in FMCG and Energy.
NSE:NIFTY
by shaleenbansal
BLOW OFF TOP NIFTYNIfty 50 index has gone back up the important trend line that ranges back to it's inception in 1991. GFC 2008 was only other incident when NIFTY went down this trend line for substantial period. However when it went back up on the trend-line, it stayed there up until the crash of Health Crisis. Now, Nifty has recovered from the crash and went back up on the trend line, this bull trend is here to stay! I do believe valuations don't justify the earnings of many stocks currently but from a trader point of view, I'd still be bullish. NOTE: This is my personal opinion and in no way a investing or trading recommendation.
NSE:NIFTYLong
by shaleenbansal