NIFTY: Roaring "Kitty"
A week that both bulls and bears would try to ignore but cannot.
The news of Retail buying near 21000 C far outweighing the story remains a thing to note.
Lots of GTT orders have been hit in that fall, not sure how many were intended if they had time to revise or how many will sell them when the market rise.
This is equivalent to one month SIP hence gathers more interest. The ability to take profits when invested on one's own effort is far quicker and thus the same 21000 if not full part can lead to potential profit taking. If it is in the form of SIP, the story is different.
Dollar Rally, exit polls in Germany, Political puzzle in UK would keep the Europe on the edge. This is despite the ECB rate cut. The interest and growth differentials clearly pointing to further Dollar Rally than anything else.
Relative political stability, expectations about the portfolios can move our market. Bears have lost all they had in the quickest time.
The last hope is the recent high, while they need move below 22600-700 to hold some hope that is far off.
The small candle in between the two large candle is the trigger for bears, or support for the bulls going forward.
The rotation into IT and Pharma would need to be seen, while PHARMA looks more entrenched, IT has its own winds. FMCG is playing the defensive play for now. While the darlings of PSU and the Conglomerates the moves are adhoc.
Supports 23220-23180-23130-23080
Supply 23330-23380-22430
The news of Retail buying near 21000 C far outweighing the story remains a thing to note.
Lots of GTT orders have been hit in that fall, not sure how many were intended if they had time to revise or how many will sell them when the market rise.
This is equivalent to one month SIP hence gathers more interest. The ability to take profits when invested on one's own effort is far quicker and thus the same 21000 if not full part can lead to potential profit taking. If it is in the form of SIP, the story is different.
Dollar Rally, exit polls in Germany, Political puzzle in UK would keep the Europe on the edge. This is despite the ECB rate cut. The interest and growth differentials clearly pointing to further Dollar Rally than anything else.
Relative political stability, expectations about the portfolios can move our market. Bears have lost all they had in the quickest time.
The last hope is the recent high, while they need move below 22600-700 to hold some hope that is far off.
The small candle in between the two large candle is the trigger for bears, or support for the bulls going forward.
The rotation into IT and Pharma would need to be seen, while PHARMA looks more entrenched, IT has its own winds. FMCG is playing the defensive play for now. While the darlings of PSU and the Conglomerates the moves are adhoc.
Supports 23220-23180-23130-23080
Supply 23330-23380-22430
TA Primer ping me on +96895753093 +918106170817 details @sribhashyam65 twitter handle
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
TA Primer ping me on +96895753093 +918106170817 details @sribhashyam65 twitter handle
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.