USD/INR, EUR/USD, GBP/USD, USD/JPY, USD/CNY, DXY
JAIPRAKASH ASSOCIA, DEWAN HOUSING FIN, YES BANK, RELIANCE COMM LTD, INDIABULLS HOUSING, SUZLON ENERGY LTD
Nifty, BSE SENSEX, S&P 500, Nasdaq Composite, FTSE 100, DAX Index
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Nikkei 225 is in consolidation before it resumes uptrend, How to profit from it as in India you can't trade Nikkei. Well Short "Japanese Yen"
Titan is making classical H&S pattern on daily chart.
Infosys is trading at the Top of the channel range. Risk-Reward Not at all in favor of Buyers.
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.
India Bonds were on a long term downtrend, Now daily as well as weekly structure looks positive now.
UJ has broken downtrend which started in January. With Stock Market On a Recovery Mode It seems that pair would continue moving up as markets start to stabilize.
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
USDINR has broke out from downward sloping sloping trendline as one can notice, every dip is a buying opportunity.
If Euro is unable to close above this trendline which it broke just a while ago, be careful it can resume new down trend.
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.
Wipro has lagged other IT stocks in this IT sector rally. But now selling pressure is waning and wipro is set to catch up with other IT stocks.
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.
Copper prices are diverged from RSI. Price action is loosing momentum. Which increases the risk of buyers selling in frustration.
Divis Lab is loosing momentum on weekly charts. Divis will under perform the Stocks like sun pharma & Cipla. So you have better pair trade available here.
The price action of UJ has diverged from RVI in the past few days. RVI being momentum indicator often changes direction before price. Also trend line support is there for UJ near 109. Buy the Dip should be the strategy in UJ.
As you can see in this channel bank nifty is very much stretched in terms of up side. This is just the beginning of the crisis for Banknifty don't fool yourself into buying this market after correction.
Tata motors stocks is trading at long term trend line support going back to 2008. Giving neutral rating on this chart as I am also confused on whether to build Long here or not looking at the market sentiment.
The chart I am plotting here is the ratio chart between FMCG & Auto Sector. The logic is that during good times Discretionary sector does well & In Bad times Investors hide into consumer staples. As this chart is suggesting FMCG sector is at an record low compared with Auto Sector & has just begun to outperform which is an indicative that one should be cautious. ...