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S&P 500 (SPX500)

PostMortem on BankNifty Today & Analysis of 12 JAN 2023 ExpiryWell for starters - yesterday's bullish call didnt go that well. NSE:BANKNIFTY ended 0.21% lower. Luckily its only down 37 odd pts because at 13.35 we were 595pts ~ 1.41% from the HOD. If you had read by bullish call before that - you would have thought i am crazy. From an expiry trading perspective today proved to be an ideal day for traders both bulls & bears, thats because we had 2 swings today. Bears till 13.30 and Bulls in the last 1hr. But i think more traders would have lost money today, thats because by the trend set in the day - no one would have anticipated the recovery in the last 1 hr. So ATM option writers of call options would have hit into stop losses. Also there is an equal probability that buyers of PE option 42000 to 41500 would have lost much more - like i did. Anyways its not our cup of tea to tame the beast bank nifty is - we just need to survive to fight another day! I guess i should start trading US markets as my predictions are more accurate there, well it could also be because i dont have skin in the game there as i paper trade there. And here in India - since i deploy funds, my emotional aspect also comes into play ! --- US CPI data has come at 6.5%, last year it had increased 7.5%  Lets say the inflation value is say 1000 in Jan 2021, then by Jan 2022 it became 1075 and in Jan 2023 it became 1144.87 - i dont understand why people feel inflation is cooling down. Or is my math wrong? SP:SPX --- Looking at the bank nifty components, you would believe that we fell only 37pts today NSE:HDFCBANK was the only bank that fought for the bulls - up 0.53% NSE:ICICIBANK was the major contributor that helped BN cut its losses last 2hr. because it moved up 8pts ~ 1% NSE:SBIN was showing trend continuation pattern from yesterday, but the reversal from 13.45 helped it cut the losses to only 0.3% NSE:AXISBANK also had the last 2 hr recovery, but its pattern is still bearish. NSE:KOTAKBANK had some deep cuts earlier in the day, was down 1.84% by 11am a near vertical drop. Although there was some stability afterwards the chart pattern is still bearish. NSE:INDUSINDBK was just continuing from yesterday's trend. Prefer to say that volatility was relatively lower for this bank today comparing peers. --- 15mts chart may prompt most analysts to go bearish, but for me i would like to see the support level taken out first before going short. 1hr chart looks more bearish than 15mts thats because of the prior day's fall creating the illusion of fall. Until 41620 stays intact - its still not safe to go short.
NSE:BANKNIFTY
by viswaram
S&P 500 in D Impulsive WaveOn Weekly Basis: S&P 500 currently at 4072 facing a resistance from downtrend line at 4080 as well as 200 DMA at 4055 (though breached upward briefly). It completed the final E of bear market wave at 3675. It again breached the low of 3675 and made a new low of 3583. It was about to qualify for new bear phase cycle of capitulation but could not sustain and moved up again. S&P 500 may at its best go to 4280. 4080 to 4280 is the level to resume short sell. RSI on weekly basis also no more oversold and in fact at neutral zone. The bear market if it resumes would be the worst phase with target below 3000 level. Warning and Disclaimer: Above prediction should not be taken as financial advice, it is a personal opinion. Consult your financial advisor. Investment is subject to market risks. Past performance is not the guarantee for future performance. It is for educational purpose only.
TVC:SPXShort
by AnkurSharda3
NIFTY, BANK NIFTY & SPXhello everyone, NIFTY: as per the marked numbering, it looks like we are in final stages of wave 1, its not clear whether we have completed wave 1 or not. Since we have got the big gap up, a sign of caution is always there.. counting as per 1 H TF: If we look at lower time frame say 30 min, normal projections of wave 3(5) has been marked. could act as possible resistance. BNF: Here also, we are 1 H TF as counting started from 17june 22. It looks like we are in the last stages of wave 1. However, here also we are not sure whether it has been completed or not but, min. extension targets as per fib has been completed. if we look at lower time frame say 30 min, we have got broken above major resistance with not so good volume. A sign of caution for me for longs . above latest S/R could be good money making opportunity! SPX Here, for an overview possible S/R areas are marked, SPX still looks bullish to me.
NSE:NIFTYLong
by ShubhamKatiyar
1
Price is what you pay, but value is what you getWarren Buffett is the most successful stock investor in the history of the world. Of course, which we know now. "The Oracle of Omaha" - that's what fans of his "magical instinct" call Buffett. But is that the point? As an 11-year-old child, little Warren was inspired by the possibilities of the stock market and invited his sister to participate in his first investment. These were preferred shares of Cities Service. The sister agreed to take the risk and Warren bought 3 shares at $38.25. But then, the wave of enthusiasm turned to disappointment and guilt - the shares fell to $27. Buffett's first investment "enterprise" lost 29% of the amount of investments that were borrowed. We can only imagine how the young investor felt at that moment, but I think this feeling is familiar to many: positive expectations clashed with the harsh reality of the stock market. Warren didn't sell shares. But when the price for them reached $40, he did it instantly. Apparently, considering this whole undertaking a mistake. The income was 4.6%, the sister received her money back. Everything worked out. Surprisingly, Cities Service's share price rose to $202 a few days later. Or +428%, Warren! The entire subsequent history of Warren Buffett confirms that he drew the right conclusions from the experience of his childhood. He realized that the price on the stock exchange may not reflect the value of the company itself. Buffett began to study accounting, the principles of fundamental analysis of enterprises, the ideas of Benjamin Graham. This allowed him to develop an approach that consisted in determining the real value of the company, different from the one that we see on the stock exchange. "Price is what you pay, but value is what you get". From myself I will add: and if the value is higher than the price - such an investment is considered reasonable. In the chart above, the price history of Buffett's main holding company, Berkshire Hathaway. As well as the S&P500 index. As you can see, his company "overtakes" the index, which means it shows much better performance than the average value of 500 US companies. Perhaps, in addition to deep analysis of the companies' business, Buffett's unique investor instinct helps, I don't know. But the fact that he is a real Wizard of our time is an indisputable fact for me.
NYSE:BRK.AEducation
by Be_Capy