MACD appears extremely oversold and at the same time there is a AB=CD formation on EURUSD. We may see a retracement to the neckline (of the broken H&S) which is around 1.0980-1.10, which can be a great shorting opportunity from a medium term perspective.
On 60 min time frame, there is an inverse head and shoulders pattern that has formed in Brent oil. Use dips till 56 and stop loss at 55 for a move to 60.
Looks like heading lower towards 1100
Momentum indicators are showing negative divergence in INR. targetting 66.50
Looks like we head to 84, previous low, This corresponded to the low in SPX too.
Looks like a small correction is coming
A break below 2640 on a closing basis can take the index down to 2400
TLT has broken crucial support zones earlier this month and now fter the backtest, is set for a big dowmove till 113.
INDIGO after a steady consolidation in the triangle has given a breakout and is retesting the erstwhile resistance line. This can be a good long opportunity from a medium term perspective for a target of 1400 with a stop below 1240
NIFTY currently looks to be in the 4th wave of the larger 5th wave. A move towards 9800/10000 should propel it towards 12000 in due course of time before the big correction takes place. Short current levels for 9800/10000 and then long there