Is the UK index or the FTSE100 index ready for a big rally in the coming days ??charts show a highly bullish breakout and also sustaining above the resistance of 7600 levels , index has almost 20% upside open before any major hurdles , 6 days to go for monthly candle closing and a closing above 7600 levels can give a confirmation of coming rally , view invalid if...
I don't know - time will let us know. This is what I use to feel when I used do revision a day before my final exams- I think all of us have passed through such scenarios in school / college days- what ever levels you are prepared you still feel butterflies in your stomach, don't you?
Butterfly final legs can extend to 161.8% causing euphoria in markets.
This is...
Just plotting the DJ:DJI , VANTAGE:FTSE100 and CBOE:EFS vis-a-vis our NSE:NIFTY .
Since 5th of July, we are a clear outperformer compared to the other foreign markets. However, keep in mind, Month-Till-Date in July FII are net seller yet (last week they are +ve in Cash, but overall still negative in July so far).
UK100 has a clear 5 wave up from COVID-19 lows.
This is either an ABC pattern or a five-wave impulse. In either case, we should anticipate a significant move. Such big moves sometimes come after sentimental extremes or events - which is much awaited.
If this transpires, would be led by a commodity-led rally, which would in turn imply a weak dollar, loose...
An attempt to anticipate the future movement of different markets over next 5 to 10 years. If we see the movement of 6 markets, we can have some insights.
Among the 6, Germany (DAX- purple) and India (NIFTY50 - red) look like being in the middle zone of the direction of movement since 1991.
Hong Kong (HSI - green ) came down gradually from around early 2018 to...
We don't know what will happen in Indian Market next but it seems like NIFTY 50 and BANK NIFTY are totally flowing the Global markets. Everyday after 12:30 NIFTY 50 follows DAX and FTSE100 with a lag. See the chart for next weeks analysis
BKG (BERKELEY GROUP HOLDINGS) has recently bounced from 50 EMA twice and is now looking set to reach a target 1 of 3955. Target 2 is 4240. Stoploss levels are 3750 and 3670. Exit the half the stock if it falls below 3750. Exit full if it falls below 3670.
Reason : Slight upside around 6915-35 then downward momentum to start triggering rapidly. Same condition throughout all global indexes. A bigger short move is ready to open its mouth.
Timeframe : Little upside in 3-4 days. then shorts.
