sreebhashyam

sreebhashyam

Nifty bears hit in open vital 16800-900 area spent most of the day in negative. The recovery led by the Nifty Bank. Finally the holiday and the event led (FOMC) pushes the space for short covering. Many could have been driven to this rally as bottom and that would remain short lived. The bigger question is will we move ahead of Budget or we go lower and stay for...

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Nifty bank, bulls as explained despite encouraging results failed to cash in on the back drop of heavy bear assault all through the market. Out of N50 Stocks only 2 are green. Out of 500 stocks only 20 are green. Such is the furore the bears created. Not the we have not witnessed complete reversal the following day. That needs to be seen today. It may not be as...

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Nifty the fall is sharper, wounds deeper. Bears assert all their might now that the new year (Jan) euphoria is behind. Reality strikes all over and the bulls run for cover. The fall has been much against our expectations in terms of timing. This pushes the bigger worries ahead as most of the index punches bearish count and many areas of individual spaces print...

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NIFTY BANK, the recent robust results of individual spaces were very good but the price action that followed was down. That tells the underlying story. Will that be different this week is the question. On the Index 37100-38100 is the range violation on close basis this range would be vital for either direction. Broader market moves suggest some lower level...

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Nifty hit the lowest of the expected fall almost towards 17500. The close in the last half hour was quick and one needs to see how this pans out. The cues are mixed mostly a negative tone than positive tone. However, the bargain hunting buying would surface on Friday lows and the should provide some relief. Bulls need close above 17750 for relief and above 17880...

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Nifty bank bulls failed to hold and broke the 37900 area did go down but held on the broader market hitting support around the 17650 area. The canvass does not appear well for the bulls and the risk is they loose 37200 (vital) and may push towards 35500 area (not for the day though). In sum the bulls are capped by 38400 and risk towards 37200 as first target. A...

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Nifty bulls lost the plot completely and are at odd about their journey. The failure 18350 and subsequent break below 18080-40 triggers move towards 17800; the fall yesterday to the deepest low around 17650 (the minor bounce from there) all points to the weakness at top and worry in search of the bottom. Risk off is pervading the markets. The 17580 close is vital...

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Nifty bank held the first assault around the 37900 and closed tad above 38000. However, the weight of the evidence still not suggesting the downward pressure is abating. With weekly expiry one needs to see if what is in store. 38300 clearly is the supply zone while 37300 attracts. Both these levels are supported by large bull and bear candles for the rage (see...

sreebhashyam

Nifty bulls get their reality check after two weeks of January effect. The question that rings in many minds is this the beginning or is this the end. There are not clear answers at this stage. (Remember in long term no Index turns down, they posses survival bias). Bulls lost 18080 vital support and that is now the resistance and remains the trailing stop if...

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Silver is in the news and remains in the know. The upmove yesterday confirms the strong interest in this space and thus continue to favour the upside. As part of the wave we have the truncated wave 5 and the beginning of next impulse to the upside. Within this impulse we completed wave two and yesterdays break start of wave three should try 25 plus area. Suggest...

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Gold has been muted actor in the recent drama that is unfolding in Financial markets. Being it equity, interest rates or the FX. However, this throws couple of curious points regarding its probable price trajectory. Is it in its way up or weighed down by the mighty dollar. The dice is not clear yet. However, it s worth getting the set up right early in the move....

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Nifty bulls failed. The flash advise worked perfectly and the close is classic. (It closed near bi-monthly ATH). However, the weight is too much to hold and the bears are staring around the 17600; that is 38.2% of the retracement of the rise from 16400 to 18350. Near term Minor support 18080 that should give way by gap down, psychological 18000, one decent around...

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Nifty bank bulls kept the flat high almost through the day lead by the news of FM press conference. However, towards the later part of the day bears kept their hopes intact and pushed for control. Global cues did not help the bulls. Failure of 38800-900 and subsequent break below 38400 bulls gave up and closed in red. Now the real threat. Loss of 37900 (more...

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Nifty bulls failed to scale the 18350 and from there the fall is sharp and quick. Shorts here with stop 18318 for move first towards break of 18180 and then towards 18080.

sreebhashyam

Nifty bank continues to fail around the 38800 area. This is despite the industry heavy weight printing very positive results and it looses its grip. The index continues to drag the major index else it would have already printed the new ATH. 37900 is the near term support if we loose then the deeper correction is on the anvil. Continues to term this as corrective....

sreebhashyam

Nifty remains shy of ATH just another 1%. The cues continue to be positive despite the underlying discomfort. Does the ongoing move simply the January Effect. The answer appears to be yes. Raising interest rates in US so far is taken positive as robust economy and hence this space needs a watch not a worry. The trendline support slightly moves higher towards...

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Nifty Bank remained softer below the 38800 area and remained negative. The over the weekend results of HDFC Bank needs to be seen if it can send positive signal to this index as well as the main index. For the bulls Commodity, Energy, Metal, IT and Auto are already itching to post new ATH while FMCG, Pharma are lagging, Banking Remains in the middle. 38100-38800...

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Nifty bulls make remarkable stability to close flat. What it does not tell is the time it spent in negative territory. For the bulls a) the bi-monthly close is at life high b) the Weekly close is positive c) it so far ignored the negative overseas cues. For the bears the market cannot ignore the negative cues longer b) Bank Nifty remained negative c) China CRR cut...