morning thoughts...
Well the reciprocal and logical targets of 9500 on nifty and 23000 on bank nifty gets achieved on back of good pcr ratio , macd and beta confidence index.
As intimated earlier a big big move is coming soon...
Indian stock markets are at an all-time high. The BSE Sensex is above the 30,000 level. There's growing optimism among retail investors and there is huge expectations of corporate growth and earnings picking up with lowering of interest rates which is neccesarily not the case for higher loans and business for banks
Whenever mercury plays with taurus and a new moon gets implanted huge optimisms and deceptions lay stone and with the mega astrological changes big global news and events will be seen ahead
The year was 2007. Sensex witnessed 47% year on year gains. It looked like there would be no end to the party. Some people even borrowed money to invest in markets, hoping to ride the future rally. And ended up getting scorched.
Lehman crisis struck. The music stopped. There were no big warnings or time to make sense of what had happened...or what was going to happen. By December 2008, the markets had fallen 52% YoY.
Its not said or necessary that same thing is happening again but certainly a big move beyond imagination is seen ahead – will it be up or down is reserved
Technically the markets and index have respected the support levels mentioned and galloped slightly above the resistance levels with sectoral shifts and strength in sectors like cement , IT , selective banks
The resistances and supports for the index will remain the same at 3% above and below retracement levels of april closing and daily index dema
Interesting thing to notice is basket trades are now active in markets with stocks of same sector going opposite ways , same basket trading will be active in index soon
Mega opportunity lays ahead very soon to be made big in index and timely entry at lowest cost in out of money options and futures
Mega profits created in options , index and futures
Well the reciprocal and logical targets of 9500 on nifty and 23000 on bank nifty gets achieved on back of good pcr ratio , macd and beta confidence index.
As intimated earlier a big big move is coming soon...
Indian stock markets are at an all-time high. The BSE Sensex is above the 30,000 level. There's growing optimism among retail investors and there is huge expectations of corporate growth and earnings picking up with lowering of interest rates which is neccesarily not the case for higher loans and business for banks
Whenever mercury plays with taurus and a new moon gets implanted huge optimisms and deceptions lay stone and with the mega astrological changes big global news and events will be seen ahead
The year was 2007. Sensex witnessed 47% year on year gains. It looked like there would be no end to the party. Some people even borrowed money to invest in markets, hoping to ride the future rally. And ended up getting scorched.
Lehman crisis struck. The music stopped. There were no big warnings or time to make sense of what had happened...or what was going to happen. By December 2008, the markets had fallen 52% YoY.
Its not said or necessary that same thing is happening again but certainly a big move beyond imagination is seen ahead – will it be up or down is reserved
Technically the markets and index have respected the support levels mentioned and galloped slightly above the resistance levels with sectoral shifts and strength in sectors like cement , IT , selective banks
The resistances and supports for the index will remain the same at 3% above and below retracement levels of april closing and daily index dema
Interesting thing to notice is basket trades are now active in markets with stocks of same sector going opposite ways , same basket trading will be active in index soon
Mega opportunity lays ahead very soon to be made big in index and timely entry at lowest cost in out of money options and futures
Mega profits created in options , index and futures
