We have finally taken some substantial action towards COVID-19.
Our service workers have been doing a fantastic job from the very beginning but social distancing is the most important implementation when it comes to infectious diseases and pandemics.
We have not yet conducted sufficient testing to gauge the correct number of people infected by COVID-19. But...
Nifty is selling off and we can blame COVID-19 or bad economy or a slow down. But the global markets have been over inflated with low interest rates. Capital markets around the world have had money pumped into them because you couldn't make any returns in other asset classes around the world.
We hear many people say that Nifty just follows US markets. That's...
In my last post I was expecting a quick 1000 point move either way. The market shocked me today with a 800+ move in a single trading session. I was expecting it over 5-7 sessions.
My previous price reading was a support at 8900 levels. Market closed at 9600 today.
As of right now SGX nifty is trading at 8700 !!!
Which means that my level of 8900 does not hold...
Nifty is at a crucial level.
On the left we are looking a the 50 monthly EMA in white where nifty made a low on Monday. In the past (2016) nifty used this EMA to bounce and recover a huge amount of its loss. The 50 EMA bounce may recover 1000 points on the nifty in the next 30-60 days.
On the right we have the 100 monthly EMA in yellow. This was the EMA that...
Nifty has a monthly close below 20EMA for FEB 2020.
I made a post about this in Oct 2019. I expect history to repeat itself, may not be exactly similar but using the past as a framework.
What does the EMA symbolize?
Why is it such a good support?
If we break below are we looking at further corrections of 10-15%
In Jan 2016 EMA was around 7800, we hit lows of...
We haven't traded below the 20EMA on a monthly closing basis since Jan of 2016. This Sep 2019 we almost did but thanks to the FM tax cut the market moved up. This month we are testing the 20 EMA again.
What does the EMA symbolize?
Why is it such a good support?
If we break below are we looking at further corrections of 10-15%
In Jan 2016 EMA was around 7800,...
Hi Guys,
Many people believe the Nifty may go and make new highs after the corporate tax cut.
I am not sure what will happen.
However if we reverse the corporate tax cut, why was the market going down ??
NPA's in banks and NBFC or low demand for the Auto Sector or just a slow down??
Whatever it was it wasn't because the corporations were paying high...
