Gem23

Gem23 Updated 

Historically, Indian markets used to react to whatever happened in the US. That's what the subject line suggests. Does it still hold good? I have tried to examine S&P 500, one of those indices that we often refer to (along with Nasdaq and Dow). Earlier to this, I have been analysing and posting the trends in Nifty and Bank Nifty. See my discussion on Head &...

Gem23

In my continuing series of the Head & Shoulder pattern that has emerged, I had given a view that short term recoveries are part of a bearish trend, consolidating the right side shoulder. In the chart, it is presented with the three parallel channels. The first two had three green candles each, followed by a sharp fall. The last one (from 5th April till today 10th...

Gem23

As described in the pointed box text - the next key event affecting the markets is the Karnataka elections (assuming no major surprises on US-China trade war and interest rates). Polls are held on saturday 12 May, so exit poll effect will be on Monday 14 May plus result effect on 15 May.

Gem23

Continuing from my initial submission of Feb2018 on Head & Shoulders pattern, the subsequent 6 weeks are proving my point. Nifty is building the right shoulder of this H&S pattern, which is also indicated by the reflection of the left side, on the right. There will be some ups and downs on the short term, but, unlike many other views, I strongly feel the Nifty is...

Gem23 Updated 

In the previous Head & Shoulder alert that I had raised in mid February, I had stated that the market was heading lower, and that it can test 10030 on March 8th. However, that process got a little delayed and today on 20 March it has come near. Please note that, to play out a perfect Head & Shoulders the left shoulder needs to be repeated, but in different colour....

Gem23

FM Jaitley's LTCG, though not a disaster by itself, has succeeded in starting a reversal trend in markets that were headed skywards in the last 4 years. And due to its other negative policies, economically and politically the trends have reversed. And if this was not enough, the global trends have appeared that are bringing down the equity markets worldwide. The...

Gem23 Updated 

A contrarian view (to the bulls): When we are in bullish markets, we do not like to see indicators that could lead to a bearish signal. Its the emotional part of our investing. We try to plot parallel lines connecting the tops and bottoms, and then force ourselves predicting the trend. One of the things that we forget is a possibility of a reversal. Normally, a...