sreebhashyam

sreebhashyam

The markets closed most unwanted area of the bulls. The VWAP supply zone, weekend notwithstanding. Despite TCS negative show, it appears in hindsight the onus was not so bad INFY numbers and outstanding HDFC numbers. The domination of news is always exciting to observe. It is not the news, but reaction to the news that drives the markets always. While INFY numbers...

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The much-awaited inflation numbers out. Relief in headline numbers, concern on the Core Numbers. With Oil rearing again relative to the last month, the hope for sustained fall comes with flags save the base effect. The recession is not here but in US, post the FOMC minutes which see probability of recession higher. Empirical evidence suggests that probability too....

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Nifty, bulls relentless, print one more closing high. Penetrate vital 17800 area, briefly fall around noon. The last three hours of move pushing back above 17800 looks incremental short covering. In the recent past continuous fall or rise for more than 6 trading days is rare with the exception of recent fall in the second half of February. It was nine days of...

sreebhashyam

With lots of the hopes on falling inflation, the market is awaiting inflation data both in US as well as ours later in the day. Markets might look to ignore, the known, known mode. Meanwhile IMF, reduces the growth impulse world over, and there is nothing to miff about it. Markets will do what they are supposed to do. In the end, it is liquidity that will drive...

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Nifty bulls climb. another day another high print. Close was near the supply zone. In fact, very strong one ranging from 17750-17800. The rotation story continues. It started with Reliance, followed by Tata Motors, then the Kotak Bank. In between supported by the HDFC twins. Not to mention many other contributions but these are heavy weights. On the laggards are...

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While monsoon plays big on the inflation and economy, its influence over the years is blunted. Did place a piece on the seasonal impact some time back. However, the smaller structure of bank nifty suggests we are in wave three of smaller degree than to worry on the EL-NINO. This clearly suggests bulls to aid than to the bears. Banks have been underdogs globally,...

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Nifty bulls make one more high, pushes the maximum. The third and last session see profit booking, at one stage a flat close. Overseas, there were lack of clues due to holiday Europe, Asia mixed. That has changed now, west recovers from deep cut, Asia in green. Elsewhere in the crypto space, they punch some more gains, bringing fresh impetus to the traders. In the...

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MPC, chose to pause, hikes the growth prospects, continues to suggest the fight for inflation not over yet. It looks like a typical trader, view short, position long. Markets, lighten the position resulting in bond prices rising. Inflation is not going in a hurry. More so, it is not Monetary policy that will drive, it is the Liquidity and that too Velocity of...

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Nifty bulls climb to the peak but held on to the important supply zone on a shortened week. Lots of Geo-political postures, now around Taiwan, to start with negative background. What happens in France, will happen elsewhere? France Streets are on Fire, Macron on a song to delink-dollar tune. Europe had a sweet two decades plus to challenge the dollar and could...

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As we celebrate, Lord Hanuman Jayanthi, the market too would be needing Sanjeevini from MPC. With increasing unemployment, less dependent global economic canvass, continued down-ward movement of the economic growth rates (despite being one of the best), the concerns would be how to hold the number above 6 while bringing inflation below 6% on sustained manner. ...

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Nifty, bulls climb sharper aided by the HDFC twins, beaten down IT heavy weights and FMCG coming together. The bonds else where continue to their climb (yields falling). The services PMI fall, the unemployment increase is more or less taken into consideration. The staple sector Mc Donld too announces job cuts, that is a dire signal to the JOB sector. Meanwhile...

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The JOLTS, Job openings came much lower and pushes the US bond yields crashing, Equity taking knock at the top. Dollar continues to wilt on yield differential and the hate sentiment. Gold and Silver Zooms while base metals melt. Clearly the concerns on recession paramount. The earnings season is the real proof of the direction to this quarter and next. This...

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It was a gap that this time bears welcomed, bulls regret. The cues were more positive than as we write now. New highs and then setbacks. Major Indexes namely US30 print bearish engulfing, Dax print shooting Star, UK100 outside day bar. Nikki is negative as of this writing. Then the question is will we react to them. We did not in the last down move. This time we...

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Unlike the Nifty where we have observed false break's within the channel both up and down. Nifty bank has perfectly respected the area. On the downward channel if you have observed any false break, watch one are indicated by arrow suggesting that the respect was referring to another area of support. Ditto recent low drawn from the channel, supported by the...

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Nifty bulls had one of their best foots aided by the break, short covering, a dejavu end to the month. A close in positive of 50 points, to escape the history. Does it lend any strength, or the weakness is to be tested. While elsewhere, no crisis, no problem markets fed and envelope everywhere. The markets are slowly recognising, the path of rate hike and crisis...

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Nifty bank, a lonely space where the losses are limited. However, the sharper rises in many places within this index and broader negative shades elsewhere in other sectors might force profit taking here too. The series of growth down grades, push back of the targeted 5 trillion date. First, decent selling numbers from FII all suggest the chances of profit taking...

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Nifty a direct move below 18280 punctures the bull's hope. Elsewhere calls for Chinese equity being cheaper relative increasing the decibels. In a relative world within the EM space this can be negative to start with. However, the recent experience anything to go by, one has to wait and watch how this unfolds. In the short term graph we have the rounding top the...

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Nifty bank, hits the high matches the previous day, closes minor red. It is surely volatility or profit taking at higher levels. The broader Index is weakened by other sectors like FMCG, Auto than Banking. Expiry day also helps or aides the range moves. While the major index shows some chinks, today being the weekend, markets would be wary of taking extremes and...