morning thoughts...
The depicted astrological change and the crucial 10 days , the last 10 years data of september - october , the sectors to watch - metals , IT , pharma
Well the markets swinged like a pendulum and could not cross the deadline resistance mentioned for nifty at 11633 and bank nifty at 27639 and witnessed sharp reactions as we have clearly mentioned on mondays post
Now the nifty moves towards crucial support levels of 11200 and bank nifty 26198 before deciding its next course , so if a bounce has to come it will come from this levels to meet supply at higher levels
We are now seeing talks and replica of 2008 being discussed everywhere and its been seen as october crisis of that sub prime year
But if we analyse the current scenario then we see that the issues which the global markets and domestic markets now face are on different lines and cannot be connected to sub prime lehmann brothers issue
The markets are concerned with trade war , crude prices , dollar index and domestically concerned with rising npas and underperformance of banks , uncalled mergers
One can go back to our posts of 2008 january where we had mentioned about the suffocation the markets are in and a big threat is ahead after april and august , april saw a minor fall , with august setting the base and october saw the biggest fall of index from 21000 to 8000 and nifty slipped below 3000 from 6500 plus levels with continous down freeze and that was the oppurtunity which we again posted on oct 30 , november ist week with our ist targets of sensex 35000 and second 65000
One can still recall the same or visit those posts , now the scenario we are facing is completely different
Now what can be the intensity of rise or fall in the current scenario , when the markets have already decided to fall with majority of stocks below 52 weeks low and below 200 dema , it indicates that midcap index will be the biggest swinger from 16000-21000 levels and would call for a portfolio buildup for a medium and long term prospective as the roi will be much higher than expected with higher returns
If commodities are analysed they have been in a tight range from a period of more than 2 years and both equity and commodity markets cannot move in tandem
In past few days bullions , base metals and energy has made a bottom formation and has turned into a buy on dips in every fall and coming months with year 2019 will see them inching northwards
So will it effect equities and as we proceed to crucial periods of political scenario - the markets will witness the unexpected swings
The index , sensex always follows a cycle of waves , which has 5 waves , now we are into ist wave and the index targets have been met for the ist wave
The cycle nevers goes in a tandem and fills gap on higher and lower side and as it moves into second wave , the spread , volatility and range of markets will increase , the biggest decider will be the 5th wave which has targets of 8900 - 12900 on fulfilling the levels intimated
Similarly sectors and stocks also follows a cycle and irrespective of markets remains in thier own course , we have intimated about metals , IT and pharma
Stocks like tata steel , jsw steel , jindal steel , tech mahindra , drl , divis labs has outperformed the markets and remains the highest rsi and beta stocks for coming days pertaining to levels intimated
Few other stocks which qualifies for the 30 dema trend are muthoot finance , itc , ioc
Wave 2 targets for nifty 10730 11890
Wave 2 targets for bank nifty 25555 28011
Wave 2 targets for midcap index 16988 19027
Wave 2 targets for options chain during september october 0.37 deca - 1.37 deca
Convert pond options , index , futures , cash stocks into ocean within this wave 2 move
Bullions cycle to be high in coming month..
The depicted astrological change and the crucial 10 days , the last 10 years data of september - october , the sectors to watch - metals , IT , pharma
Well the markets swinged like a pendulum and could not cross the deadline resistance mentioned for nifty at 11633 and bank nifty at 27639 and witnessed sharp reactions as we have clearly mentioned on mondays post
Now the nifty moves towards crucial support levels of 11200 and bank nifty 26198 before deciding its next course , so if a bounce has to come it will come from this levels to meet supply at higher levels
We are now seeing talks and replica of 2008 being discussed everywhere and its been seen as october crisis of that sub prime year
But if we analyse the current scenario then we see that the issues which the global markets and domestic markets now face are on different lines and cannot be connected to sub prime lehmann brothers issue
The markets are concerned with trade war , crude prices , dollar index and domestically concerned with rising npas and underperformance of banks , uncalled mergers
One can go back to our posts of 2008 january where we had mentioned about the suffocation the markets are in and a big threat is ahead after april and august , april saw a minor fall , with august setting the base and october saw the biggest fall of index from 21000 to 8000 and nifty slipped below 3000 from 6500 plus levels with continous down freeze and that was the oppurtunity which we again posted on oct 30 , november ist week with our ist targets of sensex 35000 and second 65000
One can still recall the same or visit those posts , now the scenario we are facing is completely different
Now what can be the intensity of rise or fall in the current scenario , when the markets have already decided to fall with majority of stocks below 52 weeks low and below 200 dema , it indicates that midcap index will be the biggest swinger from 16000-21000 levels and would call for a portfolio buildup for a medium and long term prospective as the roi will be much higher than expected with higher returns
If commodities are analysed they have been in a tight range from a period of more than 2 years and both equity and commodity markets cannot move in tandem
In past few days bullions , base metals and energy has made a bottom formation and has turned into a buy on dips in every fall and coming months with year 2019 will see them inching northwards
So will it effect equities and as we proceed to crucial periods of political scenario - the markets will witness the unexpected swings
The index , sensex always follows a cycle of waves , which has 5 waves , now we are into ist wave and the index targets have been met for the ist wave
The cycle nevers goes in a tandem and fills gap on higher and lower side and as it moves into second wave , the spread , volatility and range of markets will increase , the biggest decider will be the 5th wave which has targets of 8900 - 12900 on fulfilling the levels intimated
Similarly sectors and stocks also follows a cycle and irrespective of markets remains in thier own course , we have intimated about metals , IT and pharma
Stocks like tata steel , jsw steel , jindal steel , tech mahindra , drl , divis labs has outperformed the markets and remains the highest rsi and beta stocks for coming days pertaining to levels intimated
Few other stocks which qualifies for the 30 dema trend are muthoot finance , itc , ioc
Wave 2 targets for nifty 10730 11890
Wave 2 targets for bank nifty 25555 28011
Wave 2 targets for midcap index 16988 19027
Wave 2 targets for options chain during september october 0.37 deca - 1.37 deca
Convert pond options , index , futures , cash stocks into ocean within this wave 2 move
Bullions cycle to be high in coming month..
