Reliance, INDIABULLS HOUSING, YES BANK, STATE BK OF INDIA, HDFC BANK, TATA STEEL LTD
Nifty, BSE SENSEX, S&P 500, Nasdaq Composite, FTSE 100, DAX Index
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Usually in the past, Nifty is seen hugging the 200 Day Moving Average. Historically, Nifty is seen touching the 200 Day MA atleast once in a couple or 3 years once. However over the last 3 years, it still has not come close to the current 200 Day MA which is around 9900. I see the index mean reverting in the next 6 months or so.
Trend reversal of a big up move. Prospective right shoulder formation to 290 on 7th and 9th Nov. Then could move to 275 to 280. Also Elliott Wave formation from the up move of 250 to 300 could aid the reversal.
2 prospective cyphers on the short term on SBI. One bullish and one bearish. It would be great if it honours both of them.