NIFTY: "Retail" - Abandoned baby!
It is the story of the retail, recall the famous statement of FM, I don't worry on FII leaving, I have retail to support.
Since Covid times, the engagement of the trader in the guise of investor or investor in the guise of trader has multiplied. The sad part is the holding period has shrunk. No one knows what is right or wrong. In hindsight all looks rosy.
Memory recall in Early 2000, when Infosys fell the volume was pathetic, one of the largest stocks to fall, with buyers that one can count on fingers. This January turning out to take second victim, HDFC after the Polycab. 2023 Jan belonged to the Adani Group. Reasons vary, Reactions same.
From get quick 2 X in two weeks, House on Fire in a day is the story to absorb, irrespective of what kind of the material that house is made off. Remember, if the story is so convincing look for the lies, if the story is not so convincing or looks not to one's liking, look for the truth. That truth only the Smart Investor knows, no wonder the delivery volumes are huge.
Back to story of Retail, the US retail sales post stronger numbers, the probability of FED cut in March moves down to 50%. Looks we are quickly rolling over the expectation out of the Quarter 1. The research reports are in public domain so no one can retract any more.
The abandoned baby formation is classic two gaps that separate the price action of the day in the middle. This graph shows we have large Green Candle, then the gap, prints star, come the next one inverted hammer with huge gap close near the low. Completes the abandoned baby.
Picture changes from buy on dips to sell on rallies, not sure how long, not sure how much negative is left to absorb. That will come to know as time unfolds. For now, the diagnostic (aka the Graphs) suggests all is not well.
Dollar rally holds the steam, yields eke out their life above 4% in fact longer duration is still higher. There is U turn everywhere. Everyone "Trumps" like a Jamie "Diamon"
A direct collapse below 21450 is not ruled out, that can trigger much deeper move towards the 20900. A correction that is denied, results in Vomiting. A clear order of Nature.
Sensible range would remain 21450-21700 in favour of bears, an unwinding of excess longs can tank you towards the High 20 K. For now, sell rallies 21700 stops 21830 to lighten the longs. One has to be brave to get long, even if long, get quick remains the trick!
Since Covid times, the engagement of the trader in the guise of investor or investor in the guise of trader has multiplied. The sad part is the holding period has shrunk. No one knows what is right or wrong. In hindsight all looks rosy.
Memory recall in Early 2000, when Infosys fell the volume was pathetic, one of the largest stocks to fall, with buyers that one can count on fingers. This January turning out to take second victim, HDFC after the Polycab. 2023 Jan belonged to the Adani Group. Reasons vary, Reactions same.
From get quick 2 X in two weeks, House on Fire in a day is the story to absorb, irrespective of what kind of the material that house is made off. Remember, if the story is so convincing look for the lies, if the story is not so convincing or looks not to one's liking, look for the truth. That truth only the Smart Investor knows, no wonder the delivery volumes are huge.
Back to story of Retail, the US retail sales post stronger numbers, the probability of FED cut in March moves down to 50%. Looks we are quickly rolling over the expectation out of the Quarter 1. The research reports are in public domain so no one can retract any more.
The abandoned baby formation is classic two gaps that separate the price action of the day in the middle. This graph shows we have large Green Candle, then the gap, prints star, come the next one inverted hammer with huge gap close near the low. Completes the abandoned baby.
Picture changes from buy on dips to sell on rallies, not sure how long, not sure how much negative is left to absorb. That will come to know as time unfolds. For now, the diagnostic (aka the Graphs) suggests all is not well.
Dollar rally holds the steam, yields eke out their life above 4% in fact longer duration is still higher. There is U turn everywhere. Everyone "Trumps" like a Jamie "Diamon"
A direct collapse below 21450 is not ruled out, that can trigger much deeper move towards the 20900. A correction that is denied, results in Vomiting. A clear order of Nature.
Sensible range would remain 21450-21700 in favour of bears, an unwinding of excess longs can tank you towards the High 20 K. For now, sell rallies 21700 stops 21830 to lighten the longs. One has to be brave to get long, even if long, get quick remains the trick!
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