morning thoughts...
The markets yet again saw the desired rotational sell off in stocks one by one and the pattern will continue in the coming session with severe volatility in index
In past few posts we have mentioned about metals , IT and pharma , with turns IT now out performed the markets with tcs , infosys , tech mahindra making new highs and rising above 5% in subliming and cracking markets
Now the coming sessions will find some supports at 200 and 156 dema ( this magical dema which most dont track and only concentrate on 50 , 30 and 200 dema
In our earlier posts also we have mentioned about 156 dema , this is a saviour in coming sessions and markets may respect it and find supports at lower levels and may inch to retest 11000 on nifty and 25000 on bank nifty but as indicated the rotational pressure will continue in stocks and only those supported by wave 3 and astrological force will survive , same was seen in metals , IT and pharma
So in the coming session we will apply the 156 dema and look for metals , pharma , IT again
We would avoid nbfcs like dhfl , gruh fin , chola fin , srt , ibulhsg fin , canfin etc along with omcs like hpcl and bpcl
Commodities as indicated will stay in bull phase and any dips in bullions , base metals and energy remains a buy
Another major astrological change coming soon with major moves
The markets yet again saw the desired rotational sell off in stocks one by one and the pattern will continue in the coming session with severe volatility in index
In past few posts we have mentioned about metals , IT and pharma , with turns IT now out performed the markets with tcs , infosys , tech mahindra making new highs and rising above 5% in subliming and cracking markets
Now the coming sessions will find some supports at 200 and 156 dema ( this magical dema which most dont track and only concentrate on 50 , 30 and 200 dema
In our earlier posts also we have mentioned about 156 dema , this is a saviour in coming sessions and markets may respect it and find supports at lower levels and may inch to retest 11000 on nifty and 25000 on bank nifty but as indicated the rotational pressure will continue in stocks and only those supported by wave 3 and astrological force will survive , same was seen in metals , IT and pharma
So in the coming session we will apply the 156 dema and look for metals , pharma , IT again
We would avoid nbfcs like dhfl , gruh fin , chola fin , srt , ibulhsg fin , canfin etc along with omcs like hpcl and bpcl
Commodities as indicated will stay in bull phase and any dips in bullions , base metals and energy remains a buy
Another major astrological change coming soon with major moves
