What i am publishing is the ratio chart of Maruti to Hindunlever every time the bottom in Ratio chart of Maruti to HUL has coincided with bottom in Nifty & overall markets. The simple thought behind why this happens is that Maruti represents discretionary spend where as HUL is consumer staple stocks where you wont cut spending even if economy is doing worse. At...
Looking at the whole pharma space it seems all the stocks will breakout. I am betting on Lupin though. Momentum on MACD & Aroon Indicator both looking very positive on Weekly chart. Get Ready for long & sustainable uptrend in Lupin & even other pharma stocks.
JPYINR was taking a Support at 50-EMA through this rally that began In January, On Friday the pair closed below 50-EMA which is the sign that it is ready to give up some of it's gain & may fall back to is's support around 0.59
Momentum indicator on a weekly time frame is suggesting that Euro is going up but with decreasing momentum, In that case it is very high possibility that Eur/Usd pair will soon follow momentum on a higher time frame & start trending south. In addition long build up In Euro by Non-Commercials is at highest levels since 2009.
This is the ratio chart of BankNifty Vs USDINR. As One can see it is trading at the very high range of linear regression channel. and previously whenever that happened it was followed by deep correction. Expecting much lower levels on BankNifty, At least 20000.