NIFTY: Full Moon and Doji Star!
June 21, Longest day, T Shirt Day, Music Day, Full Moon Day and Yoga Day.
Wear Hear Feel and survive, TGIF.
The last near five plus trading days, it is clear the Fade the open rally which is visible. We posted the same.
Volumes are a concern in this up move, despite the sparkle in many places.
Weeklies are near Doji as of now. Doji in itself is not a bad or good thing, but appearing at the important top, with lower volume suggest cautionary concern.
Swiss Central Bank cuts rates, currency dives, UK keeps rates steady, currency dives. So, no clear correlation. It is all the way, Dollar that is in demand.
Watch our own currency move past 84 this time. Higher crude prices, lower domestic currency are showstoppers in the short run.
Dollar Index posts classical Follow Three pattern which is rare, similar is visible at the bigger frames, something is going to give way. Watch Dollar Index 106.00 break. #DXY #USDD
Japan Core inflation cools, PMI flash Manufacturing comes tad lower. EIA inventories lower, keeps Crude Prices higher.
Canada and UK Retail sales later, Existing Home sales and Flash PMI in US to eke out the week.
Taxation on High Frequency trades, F n O are the talk of the town, what starts, can end in unwanted moves.
For the day 23630 should cap while we might see move towards yesterday low around the 23430-450 area.
Supports 23530-23480-23430-23380
Supply 23600-23630-23650
Wear Hear Feel and survive, TGIF.
The last near five plus trading days, it is clear the Fade the open rally which is visible. We posted the same.
Volumes are a concern in this up move, despite the sparkle in many places.
Weeklies are near Doji as of now. Doji in itself is not a bad or good thing, but appearing at the important top, with lower volume suggest cautionary concern.
Swiss Central Bank cuts rates, currency dives, UK keeps rates steady, currency dives. So, no clear correlation. It is all the way, Dollar that is in demand.
Watch our own currency move past 84 this time. Higher crude prices, lower domestic currency are showstoppers in the short run.
Dollar Index posts classical Follow Three pattern which is rare, similar is visible at the bigger frames, something is going to give way. Watch Dollar Index 106.00 break. #DXY #USDD
Japan Core inflation cools, PMI flash Manufacturing comes tad lower. EIA inventories lower, keeps Crude Prices higher.
Canada and UK Retail sales later, Existing Home sales and Flash PMI in US to eke out the week.
Taxation on High Frequency trades, F n O are the talk of the town, what starts, can end in unwanted moves.
For the day 23630 should cap while we might see move towards yesterday low around the 23430-450 area.
Supports 23530-23480-23430-23380
Supply 23600-23630-23650
TA Primer ping me on +96895753093 +918106170817 details @sribhashyam65 twitter handle
Penafian
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