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S&P 500 (SPX500)

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
PostMortem on BankNifty Today & Analysis of 02 NOV 2022Glad yesterday’s short call worked on bank nifty — read here. The price action formed today is an extension of what was happening yesterday. Apart from the big opening red candle — the rest of the movement is in continuation. Price action of bank nifty index in 5mts chart Speaking of the first candle — it was a story by itself. Gap up opening at 41472 also intraday high & closing the candle at 41107 (low of 41244). 230 pts move in 5mts. I have been pointing out the disparity in #SGXNifty & our indices price action. Lets take yesterday’s case. SGXNifty at 18314 vs 18175 spot. When such anomaly occurs — its the foreigners who always mint money. The only way these 2 indices can converge is with a gap up opening at 9.15 and sharp down move in the opening 15mts. And the average trader here loses out his capital to the arbitrage which he cannot position. Coming back the bank nifty trade today, the opening 5mts would have given the signal that the trend is going to be downwards. But the move till 10.05 would have proved otherwise — BN had to rally all the way back to the first candle to create momentum to the downside. 41450 has proved again to be a reversal zone (i am inclined to add this level to my SR). The move from 10.10 to close gave a clear trend and it took out the support decisively at 12.05. Final 40mts were kind of steady with good volumes showing the level of positioning for tomorrow’s trade. Tomorrow is going to be crucial for 2 different reasons FOMC meeting by US FED at 11.30 IST today & their interest rate decision Special MPC meeting by RBI governor at 10.00 IST tomorrow as the inflation was above threshold (mostly for interest rate revision) If the interest rates increase its good for the banks & they could rally, but its sentiment negative for all the borrowers. S&P500 and Nifty50 could react differently too as the US market has lower weightage on financials compared to India. For us if the interest rate goes up very sharply — on first look it may appear good for the banks. What you dont see is the difficulty it creates to the borrowers as their EMI goes up (1st order derivative impact). The SME who is unable to pay the EMI will have to shut down or downsize his firm creating labor pressure (2nd order derivative impact). The person getting laid off will be unable to consume products & will depend on Govt. for rations (3rd order derivative impact). So i personally expect the RBI to keep interest rate changes very minimal but control the velocity of money — M2. 6 Major banks — opening 5mts move most prominent for ICICI, Kotak and Axis. HDFC stayed flattish — can be seen as sentiment positive comparing the other banks ICICI & Kotak also made flattish chart pattern with negative closing SBI fell quite deep but recovered in last 90mts AXIS kept continuing the negative bias from yesterday’s trade IndusInd fell sharply and did not recover into closing HDFC Bank, ICICI Bank, SBI, AXIS Bank, Kotak Bank & Indus Ind Bank respectively presented in the 5mts time frame The best trade you could have done today was the Put ratio spread (1:2) combination. ie sell 1 lot of 40500 PE and buy 2 lots of 40400 PE by 11.15 (aggressive traders) or 12.05 (moderate risk traders) as the support level was breached. 40500 was trading at 33.3 & 40400 at 25.10 at 11.18. During close each traded at 49.75 & 37 respectively. (33.3–49.75) + (37–25.1)*2 = -16.45+23.8 = 7.35 pts per trade. S&P500 & Bank nifty continues to diverge. Today’s FOMC meeting by US Fed will sharply impact the SPX and Dow Jones. Nasdaq i cannot comment as there are no financials in it. Comparison of BankNifty vs SPX (S&P500 US index) 15mts not showing clear direction 1hr also not showing clear direction Bank nifty support & resistance levels s1: 40867, s2: 40691 r1: 41312, r2: 41455 PS: Read the standard disclaimer at: bit. ly/3Nm3RER
NSE:BANKNIFTY
by viswaram